Bank of America's SSI Predicts 12% Upside for S&P 500: 2 Stocks to Watch

Bank of America's Sell Side Indicator (SSI) points to a 12% upside for the S&P 500 over the next 12 months. The indicator remains in neutral territory but is closer to a sell signal than a buy signal. Despite this, Bank of America analysts see opportunities in certain stocks, including Celestica, a leader in the tech field offering design expertise, engineering, manufacturing, and supply chain solutions. The company's products and services have found application in AI, cloud, and hybrid cloud infrastructure, driving market advances for customer success. Celestica is backed by a Strong Buy consensus rating in the TipRanks database.