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Bank of America Bargain Stock of The Week

Hello members I apologize for the lack of alerts as of late but, as you all know I do not send out my hot penny stock alerts unless I am confident that there is a potential for gains for my members. So in the mean time I have been anxiously sitting on the sidelines during this crazy week on Wall St. researching my next big penny stock alert.

In between my research I have been scanning the markets looking for what I feel are stocks being sold at a basement bargain prices.  I am excited to bring you my newest feature to PennyStockLocks.com. Everyone loves a bargain no matter how fat their wallets are so every Tuesday after the closing bell I will be giving you my Bargain Stock of the week. Some weeks it will be a “blue chip” household name stock other weeks in may be a virtually unknown “microcap stock” on the verge of a possible breakout. Either way these bargain stock's are sure to be selling at what I feel to be a steal for our members.

This Weeks Bargain Stock

Bank of America (NASDAQ: BAC)Bargain Stock of The Week Bank of America

I love the Bank of America’s at today’s price currently it is trading for $6.88 up 3.37% from todays open. I am confident that this stock will be trending up in the weeks to come.  The stock plummeted the past few days with shareholders weary of Bank of America’s ability to handle lawsuits, the turbulent mortgage business, and the uncertainties in the global economy. I believe many shareholders pulled the trigger to fast on this stock and will be kicking themselves in months to come.  CEO Brian Moynihan sent a memo to all shareholders today to emphasize that despite all the negative headlines on Wall St. “The most important point to keep in mind is that our company remains financially strong—in particular, much stronger than we were either during or coming out of the economic downturn of 2008-9.” He later reiterated that liquidity and capital are much improved and well ahead of regulatory requirements.  Currently Bank of America serves in 1 out 2 households in the U.S. and has leading positions with the global Fortune 500 both in the US and around the world.

Bank of America’s stock is currently trading a few cents above its 52 week low I believe Bank of America’s Stock will not stay below $7 for long and now would be a great time to pick up some shares of this “blue chip” ASAP. I find it hard to argue against having BAC as a new addition to any portfolio.

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The above story is the opinion of the author only not an advertisement of any kind. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event will pennystocklocks.com be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision. The author holds no shares of Bank of America
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