Bank of America Adds Tesla, Broadcom, and IBM to Global Defenders List
Bank of America has updated its quantitative 'Global Defenders' list, a selection of high-market-cap equities that have recently lagged behind broader market performance despite being richly priced. The update includes several mega-cap companies such as Tesla (TSLA), Broadcom (AVGO), and IBM (IBM). The screen specifically identifies the 30 stocks that meet these quantitative criteria, targeting large-scale companies that may offer defensive characteristics or potential recovery value after periods of underperformance relative to the market.
Tickers: $AVGO $BAC $IBM $TSLA