BANK OF AMERICA: Buy these 8 stocks to make a killing in the next 3 months

Rationale: ADP is expected to ramp up its sales force productivity. Corporate tax cuts also make the shares of the company — which is expected to use benefits to increase returns to shareholders — an attractive buy, according to analysts.

BAML price target: $138.00

Current price: $113.02

Year-to-date performance: -2.89%

Data provided by Bank of America Merrill Lynch

Rationale: Cost-saving measures, led by a new marking partnership with The Coca-Cola Co (KO), could send CCE revenue climbing. Read more on CCE here.

BAML price target: $48.00

Current price: $40.88

Year-to-date performance: +2.87%

Data provided by Bank of America Merrill Lynch

Rationale: Discovery Communications is expected to outperform following its merger last month with Scripps Network Interactive, Inc (SNI), which could allow better advertising yields.

BAML price target: $30.00

Current price: $21.64

Year-to-date performance: -6.32%

Data provided by Bank of America Merrill Lynch

Rationale: Dover recently announced it's breaking off its upstream energy businesses, which are seen as having a limited growth profile, into a separate company. The spin-off could send Dover's industrial assets climbing.

BAML price target: $117.00

Current price: $95.59

Year-to-date performance: -6.53%

Data provided by Bank of America Merrill Lynch

Rationale: A switch up in company leadership could allow the home improvement retailer to catch up with rivals and outperform, according to analysts.

BAML price target: $105.00

Current price: $83.53

Year-to-date performance: -8.42%

Data provided by Bank of America Merrill Lynch

Rationale: Analysts say an accelerating top-line and protection from a potential trade war make shares of MGM attractive in the second quarter.

BAML price target: $39.00

Current price: $34.07

Year-to-date performance: +1.31%

Data provided by Bank of America Merrill Lynch

Rationale: The US chipmaker is expected by analysts to be approved for its purchase of Dutch NXP Semiconductors, which could shift focus to cutting costs. Read more on QCOM here.

BAML price target: $75.00

Current price: $53.65

Year-to-date performance: -17.96%

Data provided by Bank of America Merrill Lynch