BofA Securities Out With 9 Sizzling ‘Strong Buy’ Trading Ideas for Q1 2023

Domino’s Pizza

This stock has backed up nicely and is offering investors the best entry point since back in the fall. Domino’s Pizza Inc. (NYSE: DPZ) is the number one pizza delivery company in the world. As of January 2, 2022, the company operated approximately 18,800 stores in 90 markets.

Domino’s has benefited from a steadily growing online/digital ordering mix that currently represents over 50% of domestic orders and has a long runway for growth. Since 2008, more than 80% of the menu offerings are new or significantly revised.

Top Wall Street analysts have cited sustainable drivers that include the company’s strong, consistent price-value relationship; improving franchise unit economics, due, in part, to the proven strategy of “fortressing” markets; and growing scale and digital sophistication.

Domino’s Pizza stock investors receive a dividend of 1.27%. BofA Securities has a $448 price objective, while the consensus target is just $383.45. Wednesday’s closing share price of $344.39 was up over 5% for the day.

Emerson Electric

This Dividend Aristocrat stock has raised its payout year for over 25 years and is offering a stellar entry point. Emerson Electric Co. (NYSE: EMR) is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets.

The company’s Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. The Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create a sustainable infrastructure.

Shareholders receive a 2.17% dividend. BofA Securities has set a $120 price target on Emerson Electric stock, which was last seen on Wednesday trading at $95.42 a share.

Goldman Sachs

This industry-leading giant is a premier stock in the sector for those looking to add financials. Goldman Sachs Group Inc. (NYSE: GS) has a gigantic institutional equity, debt and derivatives business, an ultra-high net worth clientele, top investment banking and capital markets expertise, and the firm continues to be a dominant force around the world in the world of finance.

Its Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings and spin-offs; middle-market lending, relationship lending and acquisition financing; as well as transaction banking services.

This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities, and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans and emerging- and growth-market debt.

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