BofA Adds Micron and Keurig Dr Pepper to Top US-1 Stock List

Key Facts

Reflecting growing institutional optimism in the semiconductor and consumer staples sectors, Bank of America has updated its prestigious 'US-1 List'. The latest revision includes the addition of memory chip maker Micron Technology and beverage giant Keurig Dr Pepper. This list represents BofA's highest-conviction buy recommendations among US equities, signaling a strong belief in the fundamental upside of these specific names.

The inclusion comes as Micron continues to battle peers like SK Hynix and Samsung for dominance in the high-bandwidth memory (HBM) market essential for AI applications. Per market data, MU shares closed at $865.46 on July 20, 2026, while KDP stood at $30.44 as of the same date. This bullish stance aligns with Keurig's recent performance, where the company demonstrated margin resilience despite fluctuating raw material costs, according to industry reports.

Traders should watch for support levels on Micron near its recent low of $858.90, while Keurig Dr Pepper faces immediate resistance at the $31.07 level based on the close of July 20, 2026. In the absence of immediate upcoming economic catalysts specifically for these firms in the next week, market participants will focus on upcoming quarterly earnings to validate BofA's high-conviction thesis.