DLTR - Amgen Target highlight BofA's new Alpha Surprise screen entrants
Ten new stocks enter the BofA 'quantmental' Alpha Surprise Model portfolio for March, while 14 stocks drop out. The list is based on an Alpha Surprise score that "is a 25%/75% weighted combination of the decile scores from two proprietary models, our Dividend Discount Model (the value or 'alpha' portion of the model) and our BofA vs. Consensus Forecast Earnings Surprise Model (the growth or 'surprise' portion of the model)," strategist Savita Subramanian wrote in a note. "A decile rank of 1 is most attractive, and a decile rank of 10 is least attractive." The portfolio is most overweight Communication Services (NYSEARCA:XLC), Energy (NYSEARCA:XLE) and Financials (NYSEARCA:XLF). It is most underweight Consumer Staples (NYSEARCA:XLP), Info Tech (NYSEARCA:XLK) and Industrials (NYSEARCA:XLI) and holds no Real Estate (NYSEARCA:XLRE) stocks. The portfolio was down 4% in February on a price return basis, underperforming the S&P 500 (SP500) (NYSEARCA:SPY). It was down 3.8% on
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Amgen, Target highlight BofA's new Alpha Surprise screen entrants