New sector leaders — and losers. What’s working? What’s not?

A deep dive into emerging trends reshaping the equity markets and economy

 

MIDWAY THROUGH A YEAR of conflicting signals affecting the stock market, bright spots and warning signs are emerging for investors. What’s working? “A new profit cycle is building, with new leaders emerging in areas such as innovative infrastructure, domestic manufacturing and cybersecurity,” says Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank.

 

What’s not? “Energy equities, for one,” says Brian Daley, senior portfolio manager for the Chief Investment Office (CIO). “Clearly, there's been a pivot in the overall global energy supply.” Continuing inflation, geopolitical tension and policy uncertainty could continue to affect this and other vulnerable sectors. In the video above, Hyzy and Daley highlight more potential new winners and losers, as well as the key indicators they’re watching, and suggest short- and long-term ideas that could help you prepare for emerging trends.

 

For latest insights on the markets, tune in regularly to the CIO's Market Update audiocast series.

Choose your advisor in a more personalized way

All our advisors are committed to putting your needs and priorities first. Find some who match your personal preferences too.

Loading...

Try Advisor Match

Answer a few questions

Want us to contact you?

Submit a request

Phone

Loading...

Email

View your advisor

Important disclosures

The opinions expressed are as of 7/10/2025 and are subject to change.

 

Investing involves risk, including the possible loss of principal.

 

Past performance is no guarantee of future results.

 

Investments have varying degrees of risk. Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration.

 

 The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

Switch to Accessibility Friendly View

How we can help

Explore what it’s like to work with a Merrill Financial Advisor

Start here

Related Articles

2025 Midyear Outlook: As the fog of uncertainty lifts, what’s next for investors?

Read more

Time to reconsider international stocks?

Read more

Surprising resilience of the S&P 500

Read more

Information for:

Corporations & Institutions Job Seekers Media & Journalists Shareholders

Get in touch:

Contact Us

Connect with ML®:

Investment, insurance and annuity products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. Additional information is available in our Client Relationship Summary. 

This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”), and its agents.

Bank of America Private Bank is a division of Bank of America, N.A.

U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

© Bank of America Corporation. All rights reserved.

Patent: patents.bankofamerica.com

8179719-EXP-2027-01-16
X

You need to answer some questions first

Then we can provide you with relevant answers.

Get started