Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The primary trend in U.S. equity markets remains bullish, and the usual suspects continue to lead: growth (Tech and FANG), homebuilders, industrials, etc.  Yet unusually bullish price patterns continue to develop in long-term laggards like energy (esp. E&amp;Ps), retail (XRT), and engineering &amp; construction (JEC).  We view this stabilization, or participation, in weak segments as a boost to the market’s breadth, a point of contention in recent months for some, who have pointed out that fewer stocks are trading above their 200-day moving averages.  Attractive entry points are also visible in many cyclical Groups, especially Casinos and Investment Banks.  In today’s report we highlight actionable charts in both Groups... see pages 8-24]

The primary trend in U.S. equity markets remains bullish, and the usual suspects continue to lead: growth (Tech and FANG), homebuilders, industrials, etc.  Yet unusually bullish price patterns continue to develop in long-term laggards like energy (esp. E&amp;Ps), retail (XRT), and engineering &amp; construction (JEC).  We view this stabilization, or participation, in weak segments as a boost to the market’s breadth, a point of contention in recent months for some, who have pointed out that fewer stocks are trading above their 200-day moving averages.  Attractive entry points are also visible in many cyclical Groups, especially Casinos and Investment Banks.  In today’s report we highlight actionable charts in both Groups... see pages 8-24]

U.S. Equity Weekly: Actionable Ideas in Casinos, Investment Banks

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Thematic (Sector/Industry)

<ul>
<li>Genting Berhad has become the most geographically active developer of integrated resorts in more jurisdictions than any of its peers.</li>
<li>It's in the mix all over Asia and the US, expanding existing properties and financing new ones.</li>
</ul><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/033/442/original/127877839ja-001.jpg?1505315515" class="editor-image img-responsive" data-smartkarma-image-id="33442"></figure><div class="content-caption">Resorts World New York City</div><ul><li>Is the company dancing at too many weddings with a single pair of legs or spearheading the global growth in gaming forecast by PWC?</li></ul>In this insight, we analyse the prospects of global gaming giant Genting's expansion and development projects. We…


Genting Berhad has become the most geographically active developer of integrated resorts in more jurisdictions than any of its peers.
It's in the mix all over Asia and the US, expanding existing properties and financing new ones.
Resorts World New York CityIs the company dancing at too many weddings with a single pair of legs or spearheading the global growth in gaming forecast by PWC?In this insight, we analyse the prospects of global gaming giant Genting's expansion and development projects. We…

Should Genting's Voracious Global Appetite for Expansion Trigger a Blinking Caution Light?

Equity Bottom-Up

Melco Resorts & Entertainment / Equity Bottom-Up

<ul>
<li>The son of legendary Macau gaming entrepreneur Stanley Ho builds his casino empire judiciously: At age 40 he has plenty of runway left to conquer in Asia's second wave of gaming expansion.</li>
<li>Astute capital allocator, deeply rooted in the fabric of mainland China's business and civic/charity establishment, Ho's interests demonstrate a smart long term strategy for Melco Resorts &amp; Entertainment.</li>
<li>As Japan IR enabling legislation moves through the process, Ho has targeted Osaka. Assuming the final…</li>
</ul>


The son of legendary Macau gaming entrepreneur Stanley Ho builds his casino empire judiciously: At age 40 he has plenty of runway left to conquer in Asia's second wave of gaming expansion.
Astute capital allocator, deeply rooted in the fabric of mainland China's business and civic/charity establishment, Ho's interests demonstrate a smart long term strategy for Melco Resorts &amp; Entertainment.
As Japan IR enabling legislation moves through the process, Ho has targeted Osaka. Assuming the final…


Lawrence Ho of Melco Resorts: Why You Might Want to Be Partners with Him Now

United States

Boyd Gaming Corporation owns and operates several gaming properties throughout the United States.  The Company also operates entertainment, restaurants, shopping, and recreational facilities on its properties.

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Boyd Gaming (BYD US)

U.S. Equity Weekly: Actionable Ideas in Casinos, Investment Banks

The primary trend in U.S. equity markets remains bullish, and the usual suspects continue to lead: growth (Tech and FANG), homebuilders,...

Vermilion Research

Should Genting's Voracious Global Appetite for Expansion Trigger a Blinking Caution Light?

Genting Berhad has become the most geographically active developer of integrated resorts in more jurisdictions than any of its peers. It's in the...

Howard J Klein

Lawrence Ho of Melco Resorts: Why You Might Want to Be Partners with Him Now

The son of legendary Macau gaming entrepreneur Stanley Ho builds his casino empire judiciously: At age 40 he has plenty of runway left to conquer...

Howard J Klein

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)