Michael Vi
- Dell Technologies (NYSE:DELL), Amazon (NASDAQ:AMZN) and Amphenol (NYSE:APH) were in focus on Wednesday as Bank of America reconfigured its US 1 list, which represents the investment firm’s best investment ideas among its Buy rated stocks.
- Dell was added to the list; shares rose 1.1% in premarket trading. Shares of the Round Rock, Texas-based IT giant have gained 91% year-to-date and 162% over the past year, spurred in part by the artificial intelligence spending boom.
- Amazon was renewed to be a member of the US 1 group after spending 52 weeks on the list. Shares were little changed in premarket trading and have gained 33.4% year-to-date and 53.5% over the past 12 months, respectively.
- Conversely, Bank of America removed Amphenol from the list, though the electronics manufacturer still has a Buy rating. Shares were little changed in premarket trading and have gained 39.5% since the start of the year and 60% over the past 12 months.