BofA gives 10 stocks to watch during this earnings week
Adam Gault
Bank of America's equity and quant strategy team outlined 10 stocks to watch on Monday from the Russell 1000 (RTY) that offer the best positioning for a potential earnings surprise through the use of a proprietary options screener.
The options screener ranks the Russell 1000 stocks that are reporting quarterly earnings this week by based on their implied volatility score. The stocks that are ranked higher have low implied moves and straddled premiums versus past history.
Below is the top 10 names BofA mentioned using its screener along with the implied vol score.
No. 10: Blackstone (BX) - Implied Vol Score, 0.50
No. 9: Truist Financial (TFC) - Implied Vol Score, 0.46
No. 8: Kinder Morgan (KMI) - Implied Vol Score, 0.37
No. 7: CSX (NASDAQ:CSX) - Implied Vol Score, 0.31
No. 6: Fifth Third Bancorp (FITB) - Implied Vol Score, 0.25
No. 5: Halliburton (NYSE:HAL) - Implied Vol Score, 0.16
No. 4: Schlumberger (NYSE:SLB) - Implied Vol Score, 0.13
No. 3: Western Alliance (WAL) - Implied Vol Score, -0.14
No. 2: Comerica (CMA) - Implied Vol Score, -0.20
No. 1: Zions Bancorp (NASDAQ:ZION) - Implied Vol Score, -0.26
Year-to-date price action on the above-mentioned names: BX +37.7%, TFC -23.7%, KMI -4.3%, CSX +16.8%, FITB -16.5%, HAL -0.4%, SLB +9.7%, WAL -32.4%, CMA -27.6%, and ZION -35.6%.
More on Markets:

Morgan Stanley expects Treasury yields to trend lower
Jefferies analysts see 'dark clouds on the horizon' for U.S. economy
A Massive Stock Market Bubble May Be About To Burst