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"These high conviction ideas are based on our views of potential significant market- and business-related catalysts that we think will affect these stocks in the quarter," the bank's strategist Anthony Cassamassino said in a note to clients on Wednesday.
For Disney, its acquisition of a large portion of 21st Century Fox, which the bank expects to close in the first quarter, will "lift a major overhang on shares" and lead to more than $2 billion in cost savings and international business growth, Bank of America said.
Shares of Disney dropped only 3 percent in 2018 when the S&P 500 was down more than 7 percent. The bank set its 12-month price target for the media giant at $144, which would translate into a gain of 33 percent.