EFTA01453002.pdf

Nam Gupta; Vahe Stepanian Subject: S US Liquid Stocks (GILD, MCA, CMCSA, FFIV, XOM) [C] Classification: Confidential Jeffrey - Per your request, concentrating on 5 liquid, US equities we really like. Targeting Healthcare, Energy and Tech sectors: Gilead (GILD) HCA holdings (HCA) comcast (CMCSA) FS Networks (FFIV) Exxon (XOM) Put S3mm in each, total 415mm to work. more detail below. Have a great weekend, Tazia Gilead (GILD) - trades avg 10mm shs/day Biotech was beat-up today. There is a lot of market chatter on stretched valuations, especially on upcoming IPOs. Understand that you have a bullish outlook on the group. ADD to your Gilead (GILD). After today's trade, you're long 8.1k shares at 578.90. DB price target $132 (65% implied upside). Chart below, report from this week defending vs a voluntary recall (392k bottles only) attached. GILD lyr Price History (Embedded image moved to file: pic30S66.gif) [attachment "GILD - defend 3.6.14.pdf' deleted by Tazia Smith HCA Holdings (HCA) - Trades avg 3mm shs/day "Best in breed" hospital co; strong operating follow-through in 4Q after a positive preannouncement. DB Price target: 558 (17% implied upside). HCA lyr Price History (Embedded image moved to file: pic03128.gif) [attachment "HCA 2.4.14.pdf" deleted by Tazia smith comcast (CMCSA) - trades avg 12mm shs/day Finalization of TimeWarner cable acquisition pending. DB price target of 464 (23% implied upside). CMCSA lyr Price History (Embedded image moved to file: pic15792.gif) FS Networks (FFIV) - Trades -1.8mm shs/day Growth in Telco and Next-Gen Security. F5 provides solutions for internet traffic management to the big Telcos. Fundamental tailwinds in demand, and following a 2yr R&D investment. DB just raised price target to 4130 (14% implied upside). Believe momentum in shares continues, reports Q2 on 4/23. FFIV lyr Price History (Embedded image moved to file: pic06506.gif) [attachment "FFIV LTE 3.2.14.pdf" deleted by Tazia Smith/db/dbcom] Exxon(XOM) - Trades 12.7mm shares per day CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 110374 CONFIDENTIAL SDNY_GM_00256558 EFTA01453002