"Our survey found that over 70% of respondents have taken on home improvement projects during the outbreak of COVID-19, and plan to do more in the next year," they wrote, adding that Bank of America's credit and debit card spending data back that up.

Each benefits from at least one of four trends: Home improvement, home furnishings, bedding, and online retail.

Price target: $160?

Investment theme: Home improvement.

Source: Bank of America Global Research

Price target: $140

Investment theme: Home improvement

Source: Bank of America Global Research

Price target: $12.50

Investment theme: Home furnishings

Source: Bank of America Global Research

Investment theme: Home furnishings

Source: Bank of America Global Research

Source: Bank of America Global Research

Source: Bank of America Global Research

Source: Bank of America Global Research

Upside to target: 8.4%

Source: Bank of America Global Research