Bank of America published a list of stocks with "more room to run." They used the word attractive. They meant it.
This is what passes for analysis at a bulge bracket firm in 2026. A team of highly compensated analysts sat in a conference room, stared at price charts that already went up, and concluded those same charts might continue going up. They wrote this down. They distributed it to clients. Someone at CNBC turned it into a headline.
The report includes "one tech giant" but won't say which one in the headline because that would eliminate the need to click. Revolutionary stuff. The tech giant has room to run. Not room to walk. Not room to stumble. Room to run. As if the stock has legs. As if it's training for a marathon. As if momentum is a thing that exists independent of the idiots buying it.
Here's what happened: Bank of America's quant team ran a screen for stocks that went up. They found some. They told their institutional clients, who already own them. Then they told retail traders, who will buy them tomorrow at a higher price. This is called research.
The word "attractive" is doing catastrophic work in that summary. Attractive to whom? Attractive compared to what? A stock that doubled is attractive the same way a restaurant with a two-hour wait is good. You're not discovering quality. You're chasing a crowd.
Retail traders will read this headline and feel informed. They'll open their Robinhood app. They'll buy fractional shares of the tech giant with room to run. They'll watch it run in the wrong direction. Then they'll blame Jerome Powell.
Bank of America says these stocks are too attractive to ignore, which is convenient because their clients already bought them six months ago and need someone else to hold the bag.
Photo by Don Stouder on Unsplash
Leave a Comment