President-elect Donald Trump's White House victory could boost merger and acquisition activity, and Bank of America thinks a group of small-cap stocks may benefit as target candidates. Small caps have already seen sizable gains following Trump's win. The day after the election, the Russell 2000 moved nearly 6% higher. The move comes amid a broader postelection rally that's seen all the three major averages hit fresh records.
Hall also filtered for stocks trading at a discount relative to their industry and that have low debt relative to earnings before interest and taxes. Below are some stocks that made the BofA list. Financial services company Bread Financial Holdings turned up, having a float of 98% of shares outstanding and three-year sales growth of 28%. This year, shares of the company have surged more than 73%.
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