Getty / David Ryder
Amazon CEO Jeff Bezos
Bank of America Merril Lynch released a list of what its equity and quant strategy analysts view to be the most "overowned expensive growth stocks."The list is a part of a new report on equity strategies.
According to BAML, the "overowned" list includes companies that meet the following criteria:
"1) high projected long-term growth (top decile of the S&P 500 by consensus LTG),
2) expensive on valuation (top quintile of S&P 500 based on average rank of forward P/E, EV/Sales and P/B),
3) overweight by large cap active funds (as of our latest holdings data), and
4) negative 3-month consensus 2017 EPS revisions."
The list ranges from tech giants like Alphabet and Facebook to game developer Activision. Check out the list of 11 stocks below:
Get the latest Bank of America stock price here.