Bank of America expects the stocks to 'significantly outperform' their peers in the fourth quarter.
Interest rate rises, soaring energy prices and political turmoil in some parts of the world have battered stocks going into the final quarter of this year. To help investors navigate the volatility, Bank of America has revealed its top "short-term stock recommendations" for the next quarter. The investment bank's analysts said in an Oct.
A 4 billion euro loan due from Uniper, the German energy giant that was recently nationalized, and another 4 billion euro in guarantees have "weighed hugely" on the stock price this year, according to the Bank of America. However, the nationalization of Uniper means the Helsinki-listed company has "de-risked" its balance sheet by 8 billion euros, the bank said, describing the company as a "pure play clean power generator.
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