Report
Dave Nicoski ...
  • Ross LaDuke
EUR 44.39 Purchase single report

Vital Signs: Actionable charts

Key Points:

• A few Consumer Discretionary names continue to act well. (ex. UA, WHR, ELY, RRGB, SHAK, BOOT, ROST, WSM, and COTY)

• The decline in oil prices may be helping some of the airlines. A few of them are near potential reversal points (ex. AAL and UAL)

• Attractive Technology names include: (ex. UCTT, SEDG, FSLR, and TTEC)
Underlyings
American Airlines Group

American Airlines Group is a holding company. The company's business activity is the operation of a network carrier, providing scheduled air transportation for passengers and cargo. The company's regional carriers provide scheduled air transportation under the brand name American Eagle. The American Eagle carriers include the company's owned regional carriers Envoy Aviation Group Inc., PSA Airlines, Inc. and Piedmont Airlines, Inc., as well as third-party regional carriers including Republic Airline Inc., Mesa Airlines, Inc., Compass Airlines, LLC and SkyWest Airlines, Inc. The company's cargo division provides a range of freight and mail services, with facilities and interline connections available across the globe.

American Financial Group Inc.

American Financial Group is a holding company. The company's segments include Property and Casualty Insurance, which includes Property and Transportation (inland and ocean marine, agricultural-related, and commercial automobile), Specialty Casualty (executive and professional liability, umbrella and excess liability, excess and surplus, general liability, targeted programs, and workers' compensation), and Specialty Financial (fidelity and surety, and lease and loan services); Annuity, which sells fixed and fixed-indexed annuities in the retail, financial institutions and education markets; and other, which includes commercial real estate operations.

Arconic

Arconic is engaged in lightweight metals engineering and manufacturing. The company's segments include: Engineered Products and Solutions, which produces products that are used mainly in the aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets; Global Rolled Products, which produces aluminum sheet and plate for a variety of end markets, and also produces aseptic foil for the packaging end market; and Transportation and Construction Solutions, which produces products that are used in the commercial transportation and nonresidential building and construction end markets, and also produces aluminum products for the industrial products end market.

Boot Barn Holdings

Boot Barn Holdings is a retail chain focused on western and work-related footwear, apparel and accessories. As of Mar 31 2018, the company had 226 stores in 31 states. The company's stores, which are freestanding or located in strip centers, feature an assortment of brands and styles, coupled with store associates. The company's product offering is anchored by a selection of western and work boots and an assortment of coordinating apparel and accessories. The company also carries assortments of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry and accessories. The company's work assortment includes footwear, outerwear, overalls, denim and shirts for the physically demanding jobs.

Callaway Golf Co.

Callaway Golf designs, manufactures and sells golf clubs such as drivers, fairway woods, hybrids, irons, wedges and putters; golf balls, golf bags and other golf-related accessories. The company sells its products to golf retailers (including pro shops at golf courses and off-course retailers), sporting goods retailers, Internet retailers and mass merchants, directly and through its wholly-owned subsidiaries, and to third-party distributors. In addition, the company sells pre-owned golf products through its website, www.callawaygolfpreowned.com. The company also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories.

CF Industries Holdings

CF Industries Holdings is a global fertilizer and chemical company. The company's reportable segments consist of the following segments: ammonia, which produces anhydrous ammonia; granular urea, which produces granular urea that is produced from ammonia and carbon dioxide; urea ammonium nitrate solution (UAN), which produces UAN, a liquid fertilizer product; ammonium nitrate (AN), which produces AN that is used as nitrogen fertilizer and is also used by industrial customers for commercial explosives and blasting systems; and Other, which includes the following products diesel exhaust fluid, urea liquor, nitric acid, as well as compound fertilizer products.

Comtech Telecommunications Corp.

Comtech Telecommunications is a provider of communications solutions. The company's Commercial Solutions segment provides satellite communications (such as satellite earth station modems and traveling wave tube amplifiers), public safety systems (such as NG911 technologies) and enterprise application technologies (such as messaging and location-based technologies). Also, the company's Government Solutions segment provides command and control applications (such as the design, installation and operation of data networks that integrate computing and communications), ongoing network operation and management support services, troposcatter communications, and radio frequency power and switching technologies.

Coty

Coty is a beauty company. The company is organized into three divisions, which is also its operating and reportable segments: Luxury, which primarily focuses on fragrances, skincare and cosmetics across various regions and channels, including travel retail; Consumer Beauty, which primarily focuses on color cosmetics, retail hair coloring and styling products, body care and mass fragrances primarily in the mass retail channel, e-commerce and social selling direct-to-consumer platform; and Professional Beauty, which primarily focuses on servicing salon owners and salon personnel in both hair and nail care, covering salon segments and salon client needs.

Cytokinetics Inc.

Cytokinetics is a late-stage biopharmaceutical company focused on the discovery and development of muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. The company is also conducting earlier-stage research directed to other compounds with the potential to modulate muscle contractility and other muscle functions. The company's drug candidates in clinical development are omecamtiv mecarbil, a cardiac myosin activator, and reldesemtiv, a fast skeletal muscle troponin activator with orphan drug designation from FDA for the potential treatment of spinal muscular atrophy.

First Solar Inc

FirstSolar is a provider of photovoltaic (PV) solar energy solutions. The company designs, manufactures, and sells PV solar modules with a thin film semiconductor technology and also develops, designs, constructs, and sells PV solar power systems that use the modules it manufactures. The company's modules segment involves the design, manufacture, and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The company's second segment is its integrated systems segment, through which the company provides turn-key PV solar power systems, or solar solutions, which include project development, engineering, procurement, and construction services, and operations and maintenance services.

Fortune Brands Home & Security

Fortune Brands Home & Security is a holding company. Through its subsidiaries, the company provides home and security products. The company's segments are: Cabinets, which manufactures cabinetry and vanities, for the kitchen, bath and other parts of the home; Plumbing, which manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals; and Doors and Security, which manufactures and sells fiberglass and steel entry door systems, composite decking, railing and fencing, and urethane millwork, as well as manufactures, sources and distributes locks, safety and security devices, and electronic security products and fire resistant safes, security containers and commercial cabinets.

Innovative Industrial Properties

Innovative Industrial Properties is a holding company and a self-advised corporation focused on the acquisition, ownership and management of industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The company leases its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, taxes and insurance. The company conducts its business through an umbrella partnership real estate investment trust, in which the company's properties are owned by its IIP Operating Partnership, LP, directly or through subsidiaries.

LCI Industries

LCI Industries is a supplier of components for the original equipment manufacturers of recreational vehicles and adjacent industries. The company's products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen and other products; vinyl, aluminum and frameless windows; manual, electric and hydraulic stabilizer and leveling systems; entry, luggage, patio and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; televisions and sound systems; navigation systems; backup cameras; and other accessories.

Meta Financial Group

Meta Financial Group is a unitary savings and loan holding company. Through its subsidiary, MetaBank (the Bank), the company is accepting deposits and investing those funds in its National Lending and Community Banking loan and lease portfolios. In addition to originating loans and leases, the Bank also occasionally contracts to sell loans, such as tax refund advance loans and government guaranteed loans, to third party buyers. The Bank also sells and purchases loan participations from time to time to and from other financial institutions, as well as mortgage-backed securities and other investments permissible under applicable regulations.

Quanex Building Products

Quanex Building Products manufactures components for original equipment manufacturers in the building products industry. These components can be categorized as window and door (fenestration) components and kitchen and bath cabinet components. Examples of fenestration components include insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. In addition, the company provides certain other non-fenestration components and products, which include solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components.

Red Robin Gourmet Burgers Inc.

Red Robin Gourmet Burgers develops, operates, and franchises restaurants in North America and focuses on serving a selection of gourmet burgers. The company's menu features its line of gourmet burgers, Red's Tavern Double? burgers, and its Red Robin's Finest line of Angus beef burgers and fire-grilled chicken breasts with toppings. The company also provides burgers made with chicken breasts, breaded cod and grilled salmon fillets, and turkey patties, as well as a proprietary vegetarian patty. In addition to burgers, the company serves other items including appetizers, salads, soups, seafood and other entrees, desserts, the company's alcoholic and non-alcoholic beverages, and a variety of national and craft beers.

Shake Shack

Shake Shack is a roadside burger stand serving an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer, wine and others. The company operates and licenses Shake Shack restaurants. The company's menu include: Burgers & Chicken, which includes ShackBurger?, SmokeShack?, 'Shroom Burger? (Co.'s vegetarian burger), Shack Stack? and Hamburger, as well as Chick'n Shack?; Crinkle Cut Fries, which are made from Yukon potatoes; Hot Dogs, which include beef hot dogs and chicken dogs; Frozen Custard, which is made from vanilla and chocolate recipes and milk; Beer, Wine and Beverages, which provide local craft beers; and Dogs Are Welcome Too, which provides dog biscuits.

SolarEdge Technologies

SolarEdge Technologies designs, develops, and sells an intelligent inverter solution designed for power generation at the individual photovoltaic (PV) module level. The company's products consist mainly of power optimizers, inverters, a related cloud-based monitoring platform, and a storage solution for homeowners, which designed to provide smart energy functions and home energy backup solutions. In addition, the company provides several communication and smart energy management solutions. The company primarily sells its products directly to solar installers through large distributors and electrical equipment wholesalers and directly to large solar installers and engineering, procurement, and construction firms.

South Jersey Industries Inc.

South Jersey Industries is a holding company. The company operates via its subsidiaries: South Jersey Gas Co., which is a regulated natural gas utility; South Jersey Energy Co., which acquires and markets natural gas and electricity to retail end users; South Jersey Resources Group, LLC, which markets natural gas storage assets; South Jersey Exploration, LLC, which owns oil, gas and mineral rights in the Marcellus Shale region of Pennsylvania; Marina Energy, LLC, which develops and operates energy-related projects; South Jersey Energy Service Plus, LLC, which services residential and small commercial HVAC systems; and SJI Midstream, LLC, which invests in infrastructure and other midstream projects.

SPX FLOW

SPX Flow is a supplier of engineered solutions. The company's business is organized into three segments: Food and Beverage, Power and Energy and Industrial. The company's products for the Food and Beverage segment include mixing, drying, evaporation and separation systems and components, heat exchangers, and reciprocating and centrifugal pump technologies. The Power and Energy segment serves customers in the oil and gas industry, the nuclear and other power industries, and the products for this segment include pumps, valves and related accessories. The company's products for the Industrial segment are air dryers, filtration equipment, mixers, pumps, hydraulic technologies and heat exchangers.

TTEC Holdings

TTEC Holdings is a provider of customer engagement services and technologies. The company has four segments including Customer Strategy Services, which provides services in customer experience strategy and operations, insights, system and operational process optimization, and culture development; Customer Technology Services, which includes system design consulting, customer experience technology product, implementation and integration consulting services, and management of clients' cloud and on-premise solutions; Customer Management Services, which includes customer experience delivery solutions; and Customer Growth Services, which provides technology-enabled sales and marketing solutions.

Ultra Clean Holdings Inc.

Ultra Clean Holdings is engaged in the design, engineering, and manufacture of production tools, modules and subsystems for the semiconductor capital equipment and equipment industry segments with similar requirements including flat panel display, consumer, and medical. The company focuses on providing engineering and manufacturing solutions for these applications. The company's products include precision robotic solutions, gas delivery systems, a variety of industrial and automation production equipment products; subsystems that includes wafer cleaning modules, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

Under Armour Class C

United Continental Holdings

United Continental Holdings is a holding company and its principal, wholly-owned subsidiary is United Airlines, Inc. (United). The company is engaged in the transportation of people and cargo throughout North America and to destinations in Asia, Europe, the Middle East and Latin America. The company, through United and its regional carriers, operates flights to airports from its hubs at Newark Liberty International Airport, Chicago O'Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.

Walt Disney

Walt Disney is an entertainment company. The company has four businesses segments: Media Networks, which includes cable and broadcast television networks, television production and distribution operations, domestic television stations and radio networks and stations; Parks and Resorts, which owns and operates the Walt Disney World Resort, Disney Resort and Spa and among others; Studio Entertainment, which produces and acquires live-action and animated motion pictures, musical recordings and live stage plays; and Consumer Products and Interactive Media, which licenses the company's trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers.

Whirlpool Corp.

Whirlpool is a home appliance company. The company manufactures and markets a line of home appliances and related products. The company's principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other small domestic appliances. The company also produces hermetic compressors for refrigeration systems. The company manufactures and markets products under brand names such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and Hotpoint. The company's operating segments consist of North America, Europe, Middle East and Africa, Latin America and Asia.

Williams-Sonoma Inc.

Williams-Sonoma is a retailer of products for the home. The company has two reportable segments, e-commerce and retail. The e-commerce segment has the following merchandise strategies: Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams Sonoma Home, Rejuvenation and Mark and Graham, which sell the company's products through the company's e-commerce websites and direct-mail catalogs. The retail segment, which includes the company's franchise operations, has the following merchandise strategies: Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation, which sell the company's products through the company's retail stores.

Provider
Vermilion Research
Vermilion Research

Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.

Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.

Analysts
Dave Nicoski

Ross LaDuke

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