Epstein Secrets

mberg European equities: switch to outright long Healthcare We switch our European sector pair trade preferr

ation. Fac pa | ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec

nce in the health system in order to enhance % of Healthcare facilities reporting comprehensive % 10 100 NA 10

am, I/B/E/S, Bloomberg, BofA Merrill Lynch Global Research OS Merrill Lynch GEMs Paper #26|30 June 2016 43

other busi his re ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec

is one of the nation's largest managed care organizations, covering roughly 23 million members. The company focuses on three main business segments: Health Care (health insurance, dental, behavioral health and pharmacy benefit Bankof America <> Merrill Lynch Top 10 US Ideas Quarterly | 03 January 2017 3 HOU

other busi his re ities. None of MLPF&S, any of i Research policy prohibits rese containing such rating, rec

tax of overseas earnings of US firms’ subsidiaries at reduced rates. Non-Financials in the S&P hold at least $1.2tn in overseas cash (mostly Tech and Health Care). If half was used for buybacks, this could add 3% ($4) to S&P 500 EPS. A redux of 2004 where companies used 80% of cash for buybacks may be less lik