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

Procter & Gamble

The company offers a very solid dividend as well as a host of recognizable products. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies and one of the oldest in the Fortune 500. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn.

The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors with years of steady growth and dividends.

Shareholders receive a 2.41% dividend. The BofA Securities target price of $170 is greater than the $148.60 consensus target. Procter & Gamble stock closed on Thursday at $152.23.

Southwestern Energy

This stock has backed up and could be ready to run higher. Southwestern Energy Co. (NYSE: SWN) an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids (NGLs) in the United States. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio and Louisiana.

As of December 31, 2021, it had approximately 768,050 net acres in Appalachia; a total of 1,527 wells on production; and approximately proved natural gas, oil and NGLs reserves comprising 21,148 billion cubic feet of natural gas equivalent.

Southwestern Energy also engages in the marketing and transportation of natural gas, oil and NGLs. The company serves LNG exporters, energy companies, utilities and industrial purchasers of natural gas.

The BofA Securities price target is $15, and the consensus target is $10.50. Southwestern Energy stock closed on Wednesday at $5.73, a solid 4% gain on the day.

Tapestry

This retail idea offers some serious total return upside potential as a contrarian play. Tapestry Inc. (NYSE: TPR) provides luxury accessories and branded lifestyle products in the United States, Japan, China and elsewhere. The company operates in three segments: Coach, Kate Spade and Stuart Weitzman.

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