Bank of America has named a series of stocks with “killer” corporate charts, including the following five that are rated long by its analysts. The bank said its “killer charts” research rating was often the most read of the year. Bank of America analysts, led by Jason Fairclough, scoured charts for a range of companies – all metals and mining companies – to find “killer” statistics. “We select the most interesting and compelling ‘killer charts’ from company presentations,” Fairclough and colleagues wrote on May 23. A number of companies on the list are rated long by Bank of America analysts, including: Rio Tinto, which presented a chart forecasting significant market growth for lithium, aluminum and copper, all key products in the company’s portfolio. “Rio Tinto is present in the market for several commodities essential to the energy transition,” the analysts said. “High levels of demand for key commodities indicate that prices are staying higher for longer.” “hot topic” at this year’s conference. The “killer chart” of the aluminum and renewable energy company Norsk Hydro has shown its ambitions in aluminum recycling. The company aims to double its use of scrap metal by 2025 and increase earnings before interest, tax, depreciation and amortization (EBITDA) to 1.1 billion Norwegian kroner ($114 million) over the same period, according to analysts at Bank of America. Newmont is on the bank’s list as the world’s top gold producer, with a pipeline of more than 20 projects underway through the 2040s. According to analysts at Bank of America, its chart highlighted its position as a that “top notch gold stock that does what it says on the package”. “Bottom line, if you want quality gold exposure … Newmont ticks a lot of boxes.” Canadian gold company Agnico Eagle is also on the list, with its “killer chart” highlighting its position as a “low-risk, low-complexity gold producer relative to its peers”, according to Fairclough and colleagues. The company’s stock growth has increased by a compound annual growth rate (CAGR) of 12% since 2005, the bank said, meaning it is “significantly” outperforming its peers.
A woman is reflected in a puddle as she walks past a Bank of America branch in Times Square in New York.
Brendan McDermid | Reuters
Bank of America has named a series of stocks with “killer” corporate charts, including the following five that are rated long by its analysts. The bank said its “killer charts” research rating was often the most read of the year.
