US Research Published: Week ending on May 15, 2026

Research evidence excerpt

US Research Published: Week ending on May 15, 2026

Exhibit 2: US Research Published

Week ending on May 15, 2026

Credit Strategy

Situation Room: 1Q IG earnings final update: stellar growth Seliger, Yuri

Situation Room: Another strong week for HG Seliger, Yuri

Situation Room: Higher inflation is good for spreads Seliger, Yuri

Situation Room: Hyperscaler supply is global Seliger, Yuri

Cruise Lines/Holiday Companies

Viking Holdings: 1Q26 first take: CEO transition; double-digit yields to start 2027 bookings Didora, Andrew

Viking Holdings: Nice start to the 2027 booking curves Didora, Andrew

Currency Strategy

EM Alpha: DomRep: Upgrade to Overweight. Tourism could be surprisingly resilient. Martin, Lucas

Data Networking

NICE Ltd.: AI growth and strategic review Funk, Michael

Akamai: With pivot to AI infrastructure, an inflection is now visible; Upgrade to Buy Liani, Tal

Cisco Systems: Networking cycle is strengthening, now expanding from Cloud to non-

Cloud Liani, Tal

Death Care

Service Corp.: BofA Conference Takes: Confident in Cemetery pre-need sales growth Gajuk, Joanna

Service Corp.: Visitations at SCI’s locations: April up from March but worse than seasonal Gajuk, Joanna

Defense Electronics

AEVEX Corp.: Built for the Age of Attritables: Initiate at Buy with PO $34 Epstein, Ronald J.

Economics

Global Economic Weekly: Less oil dependent, but more price sensitive Irigoyen, Claudio

Education & Training Services

Coursera Inc.: Coursera–Udemy merger closes; synergies and execution now key Gupta, Nafeesa

Electronics Manufacturing Services

Flex Ltd.: Structural growth, margin expansion ahead; PO to $180 Bhattacharya, Ruplu

Emerging Markets Debt Strategy

GEMs Flow Talk: Flows strong in EM credit, LDM, USIG and USHY as geopolitics tensions

recede Brauer, Jane