Bank of America, Microsoft and Disney Shares Will Be Dynamic in 2016

Shares of Bank of America have dropped about 2% in 2015 in what has been a fairly uninspiring year for big bank stocks. Jeanie Wyatt, CEO of South Texas Money Management, said Bank of America’s low valuation makes it a strong buy for the coming year. 'We like it because it’s the cheapest, and we think as interest rates rise – and they are going to rise moderately – that will benefit the big banks,' said Wyatt. Bank of America trades at a price to earnings multiple of 11 times next year’s earnings and a price to book ratio of less than 1. Wyatt is also positive on Disney, which has seen its stock rise 21% this year despite a 30% dive in August as a result of subscription losses at its sports network ESPN. Wyatt said Wall Street’s analyst community is underestimating the profit that Disney will derive from the coming Star Wars movie. 'We think it will be a very impactful movie and environment for Disney,' said Wyatt.