Because the second quarter kicks off, Financial institution of America believes that shares resembling Meta Platforms and Spotify are positioned to outperform. The primary quarter was marked with macroeconomic uncertainty and geopolitical volatility, characterised by ramping tensions within the Center East. The S & P 500 jumped to start April’s buying and selling and the second quarter, but it surely’s nonetheless down 3.8% in 2026. On Wednesday, Financial institution of America detailed its prime high-conviction, short-term, buy-rated U.S. shares for the second quarter, saying that it was “going lengthy in the marketplace pullback.” The record of concepts is predicated on the financial institution’s view “that these shares might have vital market and business-related catalysts within the quarter forward.” Financial institution of America publishes the record initially of every quarter. Shares are supposed to remain on the record for the interval, though some could also be chosen once more for the subsequent quarter’s basket. Choose names from Financial institution of America’s most up-to-date record are proven within the desk under: One title on the record was “Magnificent Seven” large Meta. The social media large just lately suffered two key losses in courtroom involving little one security. The inventory is down nearly 13% in 2026. Nevertheless, the financial institution’s $885 worth goal implies that the inventory might surge about 54% from its Thursday shut. Analyst Justin Submit mentioned that Meta’s current pullback has now created a horny alternative for buyers. “Within the near-term, whereas litigation headline danger might persist, we do not anticipate a fabric impression on the corporate’s income development or profitability, because the authorized and appeals course of is prone to take a number of years to play out,” he wrote. “We predict present valuation underappreciates the AI alternative for Meta, together with the tangible advantages AI is already driving throughout Meta’s core promoting enterprise.” Audio streamer Spotify, down nearly 16% this yr, was one other title on the record. Financial institution of America’s $750 worth goal corresponds to an upside of 53% for the inventory. Analyst Jessica Reif Ehrlich wrote that Spotify was the financial institution’s prime choose within the media and leisure house, and known as fears of AI disruption across the title overdone. “We see a number of drivers for continued revenue and [free cash flow] development together with lengthy subscriber internet add runway, worth will increase, promoting ramp, additional penetration of incremental providers together with podcasting and audiobooks with extra possible on the way in which,” Ehrlich wrote. “We view SPOT’s current volatility as a very engaging shopping for alternative because the considerations of AI disruption seem overblown, significantly within the near-to-medium time period.” Financial institution of America additionally listed peer financial institution Citigroup as one other title on the record. Analyst Ebrahim Poonawala’s $140 worth goal implies that shares of Citigroup might add 21%. “We predict Citigroup is properly positioned to outperform into the primary quarter earnings print and its investor day on Might 7,” Poonawala wrote. Different shares featured in Financial institution of America’s record of prime concepts included Thermo Fisher , MongoDB , Amer Sports activities and Boot Barn .