Results for “BofAML”

…8 [email protected] Table 1: Key 1Q metrics for Large Cap Internet (>$5bn Market Cap) Company Ticker Key 1Q Metric BofAML Estimate Alphabet GOOGL Website revenue (ex-FX) growth vs 22.3% in 4Q 21.6% Amazon AMZN AWS revenue growth vs. 47% in 4Q 43% y/y eBay EBAY US GMV growth...

… have at looking across the range of asset classes compared to single asset class investors. We would like to thank our BofAML colleagues who have supported our product this year by providing many such ideas and trust they will continue to do so through 2017. Global Cross Asset S...

Table 32: Zillow estimate summary 1Q17 2017 2017 2018 Revenue BofAML est. $239 $261 $1,062 $1,307 Growth Y/Y% 25% 23% Street $236 $257 $1,048 $1,258 BofAML vs. Street Above Above Above Above EBITDA BofAML est. $40 $51 $215 $313 Street $39 S46 $211 $298 BofAML vs. Street Above Ab...

Table 11: Amazon Estimate Summary 1Q17 2017 2017 2018 Revenue BofAML est. $35,335 $36,784 $164,532 $194,826 Growth Y/Y% 21% 21% 21% 18% Street $35,255 $36,815 $165,158 $199 387 BofAML vs. Street Above Below Below Below EBITDA BofAML est. $4,153 $4 626 $18,246 $22,022 Street $4,0...

…stly above the Street at $1.83bn (14% y/y growth). Table 14: Expedia Estimate Summary 1Q17 2Q17 2017 2018 2019 Revenue BofAML est. $2,134 $2,555 $10,097 $11,424 $12,931 Growth Y/Y% 12% 16% 15% 13% 13% Street $2,140 $2,507 $10,010 $11,266 $12,429 BofAML est. vs. Street Below Abov...

…by gross food sales growth and an improving take rate. Table 16: GrubHub Estimate Summary 1017 2017 2017 2018 Revenue BofAML est. $153 $159 $650 $815 Growth Y/Y% 37% 33% 32% 25% Street $153 $158 $645 $782 BofAML vs. Street Below Above Above Above EBITDA BofAML est. $41 46 $184...

…r GAAP EPS for higher amortization of deferred tax asset. Table 12: eBay Earnings Summary 1Q17 2017 2017 2018 Revenue BofAML est. $2,210 $2,340 $9,458 $10,062 Growth Y/Y% 3% 5% 5% 6% Street $2,206 $2,315 $9,398 $9,925 BofAML vs. Street Above Above Above Above EBITDA BofAML est....

…018. That in turn would mean a more aggressive Fed and in all likelihood a bigger rise in yields and the USD. Chart 15: BofAML sees GDP accelerating into 2018… Global GDP growth % DM GDP growth % EM GDP growth % 4.7 5.1 3.2 4.1 3.1 4.1 3.5 3.8 2.1 1.5 1.7 1.9 Chart 16: …with infl...

…arily a bottoms-up approach, with calendar-specific events noted for most stocks. We constructed our list by canvassing BofAML Fundamental Equity Research analysts in order to find 10 BofAML-covered stocks which we think will significantly outperform or underperform peers during...

…arily a bottoms-up approach, with calendar-specific events noted for most stocks. We constructed our list by canvassing BofAML Fundamental Equity Research analysts in order to find 10 BofAML-covered stocks which we think will significantly outperform or underperform peers during...

…this report is prohibited. This report is intended for [email protected] Hess Corp. Inflection point: adding Hess to BofAML’s US 1 ‘best ideas’ list Reiterate Rating: BUY | PO: 80.00 USD | Price: 49.97 USD Short interest ratio: catalyst for recovery Over the past six month...

… w/) no tax shield - after-tax interest rate) * (net debt / net income}] 4% Potential impact on 2018 EPS $4-5 Source: BofAML US Equity & US Quant Strategy, S&P, FactSet Many investors assume that interest deductions would likely apply only to new debt, and if this were the cas...

…50 3,045 3,602 4291 9,132 Forward EV / DACF 23.3x 12.7x 9.3x 79x 6.5x 5.3x Source: BofA Merrill Lynch Global Research BofAML US 1 list The BofAML US1 list is a collection of the firm’s best investment ideas managed with the goal of providing superior investment performance ove...

…ld normal generating higher vol on upside and downside relative to large caps Vol and price technicals are attractive. BofAML commodity strategists oil target is $70/bbl but this is already priced in SXEP levels according to BofAML Oil & Gas equity analysts Position for a near-...

…(Vice President, Business Development at Alkanza), and Vaughn Bowman (Director, Managed Solutions Channel Management at BofAML). Each firm discussed the unique aspects of their individual business models and where they see the robo industry headed in the future. • Broverman broug...