BofA | "Triple Momentum in a Narrow Market"
In a market where only 31% of MSCI ACWI stocks have outperformed YTD, BofA's quant model identifies clear leadership. The "Triple Momentum" factor (combining Earnings, Price, News) is now strongest for Semis, Energy, and Tech Hardware, while flagging pronounced weakness in Software, Media, and Consumer Discretionary.
The model's top-quintile momentum stocks have outperformed the bottom quintile by 10.7% YTD, making it a critical tool for navigating narrow breadth.
GLOBAL SECTOR MOMENTUM
• Top Quintile: Semiconductors, Energy, Tech Hardware.
• Bottom Quintile: Software, Media, Consumer Discretionary.
REGIONAL & THEMATIC HIGHLIGHTS
• Momentum is strongest in Japan Energy, Europe Energy, and Japan Banks.
• Europe Media and Europe Real Estate screen as the weakest region-sectors.
• Thematically, the model favors Gold and Rare Earths, while showing negative momentum for SaaS and Luxury Lifestyle.
NOTABLE STOCK-LEVEL SIGNALS
BofA's screen of large-cap liquid stocks with the highest Triple Momentum rank includes:
• US: Albermarle ($ALB), Bloom Energy ($BE), Bunge ($BG), $AMD (Advanced Micro Devices Inc).
• Europe: Tenaris SA (TEN), Vestas Wind ($VWS), STMicroelectronics (STM), Repsol (REP).
• Asia: Samsung SDI, Yageo Corp, Shinhan Financial.
Source: Bank of America | Finvaulta... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
Solid framework from BofA here. The Triple Momentum filter is one of the cleanest quant approaches for narrow-breadth markets like this one — when only 31% of stocks are outperforming, factor clarity matters more than sector rotation predictions.
The sectorial read aligns with what's been visible... Show More
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Sat Aug 08 2026 11:23:52 GMT+0000 (Coordinated Universal Time)
