Ro_Patel
Oct 5, 3:56 PM
BofA Securities global quant strategist's Contenders List of stocks - screen for lowest PE stocks w/ above average earnings momentum & price momentum:
“Inexpensive momentum strategies continue to marginally outperform globally. Performance of inexpensive momentum is stronger in Asia. Last month, the Global Contenders (down -2.7%) outperformed the Defenders (down -3.7%) by -1.0% but underperformed the MSCI AC World index (down -1.3%) by negative -1.4%
The 12-month performance spread b/n the Global Contenders & Defenders is +22%. In Asia last month, the Asia Pac Contenders (up +2.6%) outperformed the Defenders (down -0.8%) by +3.3% & the MSCI APxJ Index by +3.8%, extending the 12-month performance spread to +56.6%.
The new Global Contenders this month are Standard Bank,
$FTNT & Gen Digital. The longest standing Contender is
$C (24 months). The other Global Contenders are Hana Financial, Kia, United Microelectronics, Wiwynn, AerCap, Anheuser-Busch, Bayer, BNP Paribas, Mitsui O.S.K. Lines,
$GOOGL $AVGO Bunge, Cummins, CVS Health Corp, GM, Halliburton, Jabil, KLA, Live Nation, Magna Int’l,
$MU Royalty Pharma A, Seagate Tech, State Street, Steel Dynamics, & Vertiv”
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