Bank of America Corp (NYSE:BAC): Closing price $11.85
The negative fourth-quarter gross domestic product reading of -0.1% caught most Wall St. analysts and economists by surprise. This unforeseen number was skewed by a huge decrease in government spending. Most now expect the number to be revised to a positive reading, and the first quarter to show 1% to 2% growth. This slow growth scenario is just the right playing field for Bank of America Corp.’s secular growth stock picks.