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

Today we highlight several metrics which provide evidence that risk appetites are improving, not deteriorating. This is a bullish signal for the broad market. Still, we continue to see a mixed market environment, but we remain constructive overall with the S&amp;P 500 holding above short-term support at the 50-day moving average and 4056.

Today we highlight several metrics which provide evidence that risk appetites are improving, not deteriorating. This is a bullish signal for the broad market. Still, we continue to see a mixed market environment, but we remain constructive overall with the S&amp;P 500 holding above short-term support at the 50-day moving average and 4056.

Risk Appetites Improving, A Bullish Sign; Downgrading Technology To Underweight

Our outlook remains unchanged as the weight of the evidence continues to suggest a mixed, but overall constructive market. Cyclical value Sectors continue to be our favorite areas to overweight (i.e., Energy, Materials, Manufacturing, and Transportation), while defensive Sectors also continue to be worth a look (i.e., Staples, Health Care, and Real Estate).

Our outlook remains unchanged as the weight of the evidence continues to suggest a mixed, but overall constructive market. Cyclical value Sectors continue to be our favorite areas to overweight (i.e., Energy, Materials, Manufacturing, and Transportation), while defensive Sectors also continue to be worth a look (i.e., Staples, Health Care, and Real Estate). 

Global Equity Strategy: Value Remains Leadership But Defensives Improving

Despite a much more mixed market environment, our weight-of-the-evidence approach continues to support a constructive intermediate-term outlook. The bottom line: there is little evidence that suggests a pullback would be anything more than a buying opportunity.

Despite a much more mixed market environment, our weight-of-the-evidence approach continues to support a constructive intermediate-term outlook. The bottom line: there is little evidence that suggests a pullback would be anything more than a buying opportunity.

Defensives Are Worth A Look; Hang Seng, Shanghai Comp, Nikkei 225, STOXX 50 Support Levels Holding

Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Equity Bottom-Up

Recently, <a href="https://www.smartkarma.com/entities/diageo-plc" target="_blank" data-smartkarma-citation="entities:977:1" rel="noopener">Diageo Plc (DGE LN)</a>, one of the leading global spirits player has been keen on fully privatizing i.e. delist it's Indian arm, <a href="https://www.smartkarma.com/entities/united-spirits-ltd" target="_blank" data-smartkarma-citation="entities:5146:1" rel="noopener">United Spirits (UNSP IN)</a> , according to the media. 
However, going by Diageo's buy-back obligation and the recent off-take of United Spirits (USL) in the Indian market, we believe that the delisting will not happen, atleast in the short-mid term. Nevertheless, we still remain optimistic on the company.

Recently, Diageo Plc (DGE LN), one of the leading global spirits player has been keen on fully privatizing i.e. delist it's Indian arm, United Spirits (UNSP IN) , according to the media. 
However, going by Diageo's buy-back obligation and the recent off-take of United Spirits (USL) in the Indian market, we believe that the delisting will not happen, atleast in the short-mid term. Nevertheless, we still remain optimistic on the company.

United Spirits: De-Listing Is a Far Fetched Possibility

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

<a href="https://www.smartkarma.com/entities/united-spirits-ltd" target="_blank" data-smartkarma-citation="entities:5146:1" rel="noopener">United Spirits (UNSP IN)</a> is the leader in the Indian spirits market. In this insight, we look at what has been the ultimate game changer in the Indian spirits space and why it is interesting. With the impending lockdown in the Indian subcontinent - one of <a href="https://www.smartkarma.com/entities/united-spirits-ltd" target="_blank" data-smartkarma-citation="entities:5146:1" rel="noopener">United Spirits (UNSP IN)</a>'s main markets, the company is now retrospecting to emerge as a highly efficient operational firm that has also shifted focus to increase its return on investment. 
Hence, this insight covers the impact of the lockdown on UNSP's operations, the headwinds the firm is currently facing, a brief description of the company's financial situation and valuation estimates.

United Spirits (UNSP IN) is the leader in the Indian spirits market. In this insight, we look at what has been the ultimate game changer in the Indian spirits space and why it is interesting. With the impending lockdown in the Indian subcontinent - one of United Spirits (UNSP IN)'s main markets, the company is now retrospecting to emerge as a highly efficient operational firm that has also shifted focus to increase its return on investment. 
Hence, this insight covers the impact of the lockdown on UNSP's operations, the headwinds the firm is currently facing, a brief description of the company's financial situation and valuation estimates.

United Spirits (UNSP IN) | The Ultimate Game Changer

United Kingdom

Diageo plc produces, distills and markets alcoholic beverages.  The Company offers a wide range of branded beverages, including vodkas, whiskeys, tequilas, gins, and beer.

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Diageo Plc (DGE LN)

Risk Appetites Improving, A Bullish Sign; Downgrading Technology To Underweight

Below we highlight several metrics which provide evidence that risk appetites are improving, not deteriorating. This is a bullish signal for the...

Vermilion Research

Global Equity Strategy: Value Remains Leadership But Defensives Improving

Cyclical value Sectors continue to be our favorite areas to overweight, while defensive Sectors also continue to be worth a look (i.e., Staples,...

Vermilion Research

Defensives Are Worth A Look; Hang Seng, Shanghai Comp, Nikkei 225, STOXX 50 Support Levels Holding

A review of major global indexes reveals an absence of major breakdowns. We highlight opportunities within defensive Sectors (Real Estate, Consumer...

Vermilion Research

United Spirits: De-Listing Is a Far Fetched Possibility

Recently, Diageo Plc (DGE LN), one of the leading global spirits player has been keen on fully privatizing i.e. delist it's Indian arm, United...

Nitin Mangal

United Spirits (UNSP IN) | The Ultimate Game Changer

United Spirits (UNSP IN) is the leader in the Indian spirits market. In this insight, we look at what has been the ultimate game changer in the...

Pranav Bhavsar

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