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BANK OF AMERICA: These 11 companies are set to capitalize on the biggest changes in tech
BANK OF AMERICA: These 11 companies are set to capitalize on the biggest changes in tech
Akin OyedeleMar 6, 2018, 22:46 IST
utogrill Executive Gianmario Tondato Da Ruos interacts with the Pepper the robot during the 2017 New Yorker TechFest at Cedar Lake on October 6, 2017 in New York City.Brian Ach/Getty
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Strategists at Bank of America have compiled a projection of the biggest, world-transforming themes over the next two to five years, and companies that they believe would benefit.
"The future is arriving sooner than investors expect," Beijia Ma, an equity strategist at Bank of America Merrill Lynch, said in a recent note.
"By 2020E, we see electric and autonomous vehicles, the Internet of Things (IoT), AI and other hyperbolic technologies impacting lives on Main Street. 2023E serves as an inflection point for tectonic shifts including peak labour, the maturing of Gen Y & Z, and grid parity for renewables - while many moonshots [like animal-free meat] come closer to reality."
The team put together a list of stocks they believe would be the biggest beneficiaries of these trends. All the companies are "buy" rated by Bank of America's equity strategists, and have "material exposure" to the themes.
Themes: Big data, education, future mobility, robots, millennials, smart cities, and virtual reality/augmented reality/mixed reality.
Description: "Seven 1bn+ user platforms, AI leader Deepmind and Google Brain, Waymo self-driving car, online learning (Google Apps, YouTube for MOOCs), moonshots (Google X)."
Description: "Pure-play leader in the high -growth security sub segment, Network Access Control (NAC). NAC products help safeguard networks by providing endpoint detection, visibility, and policy control across laptops, mobile devices, and IoT."
Description: "#1 integrated provider in the global dialysis product and services market, caring for over 290k patients (10% of global patient share) and a 34% market share in dialysis products , provides ancillary services to the dialysis population."
Description: "Manufactures both capital equipment systems and disposable instruments for robotic surgery. ISRG pioneered robo surgery market and company's da Vinci system remains the only commercially available system for robotic surgery."
Description: "Leading search engine in Russia similar to Chinese Baidu, one of the few players globally that manages to successfully in paid search vs. Google."
Description: "Exposure to 5G network equipment owns two main businesses: 1) Nokia Networks, a network infrastructure equipment supplier to global wireless and wireline operators 2) Technologies, its patent/IPR licensing activities."
Description: "Leading global software co, augmented/mixed reality, HoloLens headset for multiple verticals, digital learning (Windows software), LinkedIn acquisition (#1 professional network), #1 global K -12 classroom operating systemglobal leader in PC software."
Description: "Graphics and video processing chips for multiple verticals (gaming, eSports, VR, autos, 4K), “supercomputing” chips, high speed GPU processing for VRWorks SDK/APIs tools for developers, DRIVE PX2 AV platform, DriveWorks toolkits for AV app -developers."
