Results for “BofA Merri”

…e companies and their own individual circumstances/abjective before making any investment decisions. Source: FactSet, BofA Merrill Lynch US Equity & US Quant Strategy Repatriation: potential beneficiaries Below we provide a screen of S&P 500 companies (excluding Financials and...

…$3.4 Phase 2 600 2,682 805 $2.5 Payara spec Total 1,625 9,742 2,923 $9.0 Guyana Total 3,250 22,753 6,826 $21.1 Source: BofA Merrill Lynch Global Research estimates; Hess shares fully dluted 324.2mm shares after prefernce convert Note that at current strip oil prices of ~$55 Bre...

… oO 0.5 1 1.5 2 2.5 3 &8 3 ES &8 2 3 ae 2 5 & 8 s = &8 3 3 g = past by ¢ — since July m= last Linear (past 6y) Source: BofA Merrill Lynch Global Research. (*) Based on a regression of log(2y1y vol) on the first three principal components of log of rates (derived with a PCA ran...

…l ———=6M avg implied vol = Last IV (16-Jun-17) 3M realised correl ————6M realised correl = Dec17 implied correl Source: BofA Merrill Lynch Global Research. Data: 2-Jan-08 to 16-Jun-17 Source: BofA Merrill Lynch Global Research. Data: 2-Jan-08 to 16-Jun-17 - Attractive risk-rewa...

…n expected earnings SX7E 1M 25d call / SX5E 1M 25d call price ratio is in the 100" 2-yr percentile Close position and BofA ML turned neutral in EM in the short-term Close position and BofA ML turned neutral in EM in the short-term Close position and BofA ML turned neutral in EM...

…n expected earnings SX7E 1M 25d call / SX5E 1M 25d call price ratio is in the 100" 2-yr percentile Close position and BofA ML turned neutral in EM in the short-term Close position and BofA ML turned neutral in EM in the short-term Close position and BofA ML turned neutral in EM...

…ndustrials Energy Telecom Staples Utilities Health care ex JP m Bear steep = Bear flat mBull steep = Bull flat Source: BofA Merrill Lynch Global Research, Bloomberg. Curve movements based on 2yr move and 2510s move (Bloomberg US Treasury yield index), so includes twist movernen...

…. & 11-Nov vol S 9-Now fol) Brexit (28- & 27-Jun lot vs 24-Jun %pi) 40% 60% 80% 100% 120% SPX 1-day intrcityvol Source: BofA Merrill Lynch Global Research. Based on daily data from June 2004 to current 140% 160% Chart 2: Ten-year US Treasury yields see a near record spike after C...

…ml.com FINRA rules. Barnaby Martin Refer to “Other Important Disclosures" for information Credit Strategist on certain BofA Merrill Lynch entities that take MLI (UK) +44 20 7995 0458 [email protected] responsibility for this report in particular jurisdictions. This docum...

…e eee ena ne 97th percentile 120 100 80 60 > + > as > s+ wo Ww Ww Ke} WwW WwW io) io) oO io) 353525323 8 88223 Source: BofA Merrill Lynch Global Research. Data as of 4-Aug-16 Table 3: Volatility measures of major equity indices in the EMEA region (data as of 05-Aug-16) Equity...

… products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Private Weal...

…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...

…plied vol NDX - SPX 3M ATM implied vol spread (right) Daily NDX return / trailing (EWMA) vol 1 ——— 17-May-17 Source: BofA Merrill Lynch Global Research. Daily data from 4-Feb-85 through 2-Jun-17. Source: BofA Merrill Lynch Global Research. Daily data from 17-Jun-09 through 2-J...

….16% Hold 730 23.24% Hold 538 13.10% Sell 858 27.32% Sell 514 59.91% * Issuers that were investment banking clients of BofA Merrill Lynch or one of its affiliates within the past 12 months. For purposes of this Investment Rating Distribution, the coverage universe includes only...

… have largely been at Asda’s expense 8.3% 7.8% 7.3% ——Retail EBITDA margin 6.8% PP FF FF gh gh gh gh gr gh gh Source: BofA Merrill Lynch Global Research, Bloomberg, Datastream, IBES Chart 68: Retail is expensive on a range of metrics Tesco Aldi Lidl Waitrose Morrisons Sains...