Investing
BofA Merrill Lynch Makes Key Changes To 'Most Attractive Buy List' (GPS, VOD, APC, AXP, LVS, UPS)
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Bank of America/Merrill Lynch is making some changes to one of its key lists called the Most Attractive Buy List. The basis for the change is a key bottom or big base seen in shares versus a deteriorating technical price pattern. For chartists and technical traders, this is the new technical buy list replacing the prior list of companies.
Gap Inc. (NYSE: GPS) and the ADR shares of Vodafone Group PLC ADS (NYSE: VOD) were added to the list, while the following stocks were booted from the list: Anadarko Petroleum Corp. (NYSE: APC), American Express Co. (NYSE: AXP), Las Vegas Sands Corporation (NYSE: LVS), and United Parcel Service Inc. (NYSE: UPS).
Today’s report shows that the primary objective of the list is to generate superior risk-adjusted returns over the S&P 500 benchmark over the long term through both tactical and strategic stock selection. The list was introduced in February 2006 and it was designed to identify stocks that are attractive based upon technical analysis.
The technical report noted the following:
JON C. OGG
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