Financial institution of America says these might be part of a ‘billionaire membership’

Buena Vista Photos | Stone | Getty Photos Analysts at Financial institution of America have picked out magnificence shares that they consider will come again “stronger than ever” from the coronavirus pandemic. Throughout the magnificence trade, the “candy odor of alternative” is more likely to come from the $26 billion fragrance market, in keeping with


Buena Vista Photos | Stone | Getty Photos

Analysts at Financial institution of America have picked out magnificence shares that they consider will come again “stronger than ever” from the coronavirus pandemic.

Throughout the magnificence trade, the “candy odor of alternative” is more likely to come from the $26 billion fragrance market, in keeping with BofA in a analysis observe revealed in Might.

Whereas perfume gross sales decreased $5 billion year-over-year in 2020, the sector is about for a rebound due partly to a greater e-commerce expertise for customers, the analysts mentioned. Some perfume manufacturers might develop into a part of a “billionaire membership,” they added, which means they might make greater than $1 billion in annual product gross sales.

BofA’s buy-rated inventory picks are:



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