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

TSE Tokyo Price Index TOPIX / Technical Analysis

In this report we highlight attractive and actionable themes within developed int’l markets: Technology and Industrials continue to be two of the most attractive Sectors globally -- overweight. These two Sectors account for half of today’s individual recommendations Countries that are (1) developing positively in terms of price and RS and (2) have significant representation in this report include: Japan (TOPIX), Switzerland (SMI), and France (CAC 40).Outside of the above themes, a bottoms-up approach is required to uncover attractive and actionable stocks. On page 4 we include a table of all stocks highlighted in this report.

In this report we highlight attractive and actionable themes within developed int’l markets: Technology and Industrials continue to be two of the most attractive Sectors globally -- overweight. These two Sectors account for half of today’s individual recommendations Countries that are (1) developing positively in terms of price and RS and (2) have significant representation in this report include: Japan (TOPIX), Switzerland (SMI), and France (CAC 40).Outside of the above themes, a bottoms-up approach is required to uncover attractive and actionable stocks. On page 4 we include a table of all stocks highlighted in this report. 

Overweight Global Technology & Industrials

MSCI Emerging Markets Index / Technical Analysis

We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several international markets that are breaking out to new highs or making bullish inflections since our previous Int’l Compass (10/31/19). While developments continue to lean bullish, global equities have rallied substantially since the start of October, making it perfectly reasonable to expect some consolidation of recent gains which would allow for a more meaningful move higher.

We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several international markets that are breaking out to new highs or making bullish inflections since our previous Int’l Compass (10/31/19). While developments continue to lean bullish, global equities have rallied substantially since the start of October, making it perfectly reasonable to expect some consolidation of recent gains which would allow for a more meaningful move higher.

Global Equity Strategy: The Pause that Refreshes?

Commodities and related stocks are on the rise. Crude oil, industrial metals, and lumber prices are all breaking out to new highs and related energy and materials stocks are reaping the benefits. We expect their outperformance to continue. In this week's report we highlight commodities and actionable associated stocks.

Commodities and related stocks are on the rise. Crude oil, industrial metals, and lumber prices are all breaking out to new highs and related energy and materials stocks are reaping the benefits. We expect their outperformance to continue. In this week's report we highlight commodities and actionable associated stocks.

Opportunities in Global Energy & Materials Stocks

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

Now there are two thought processes 1- Analysts pick up coverage of names that are going up and drop coverage of names that are going down. 2- Companies with more coverage get a lot more airtime in front of Investors and as a result the price goes up. Companies that lose coverage lose that airtime and are more easily forgotten. I think it is a combination of both. However despite the reasons, there is a significant difference in price performance between the two groups. Companies that went from…

Now there are two thought processes 1- Analysts pick up coverage of names that are going up and drop coverage of names that are going down. 2- Companies with more coverage get a lot more airtime in front of Investors and as a result the price goes up. Companies that lose coverage lose that airtime and are more easily forgotten. I think it is a combination of both. However despite the reasons, there is a significant difference in price performance between the two groups. Companies that went from…

Names with Increasing Coverage Significantly Outperform Names with Decreasing Coverage....

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

This makes adhesives and adhesive related products. 9 month operating profit came in at Y17bn (-10%). The full year 3/17 operating profit has been revised down from Y20bn (+14%) to Y17bn (-4%) mainly due to the Yen. The average rate to 12/16 was Y109 vs. Y121 to 12/15 and a Y1 move has a Y150m impact on operating profits but in this 9 month period this was made worse by the Yen’s strength against the Won and Rmb as well.This year to 3/18 operating profits will recover to Y19bn, possibly Y20bn…

This makes adhesives and adhesive related products. 9 month operating profit came in at Y17bn (-10%). The full year 3/17 operating profit has been revised down from Y20bn (+14%) to Y17bn (-4%) mainly due to the Yen. The average rate to 12/16 was Y109 vs. Y121 to 12/15 and a Y1 move has a Y150m impact on operating profits but in this 9 month period this was made worse by the Yen’s strength against the Won and Rmb as well.This year to 3/18 operating profits will recover to Y19bn, possibly Y20bn…

Japan

LINTEC Corporation manufactures and markets adhesive products and paper.  The Company's pressure-sensitive adhesives are used in a wide range of applications such as labeling, sealing, and packaging, as well as marking and window filming in the architecture and automotive industries.  Lintec also produces packaging, labeling, and printing machines.

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Lintec Corp (7966 JP)

Overweight Global Technology & Industrials

In this report we highlight attractive and actionable themes within developed int’l markets: Technology and Industrials continue to be two of the...

Vermilion Research

Global Equity Strategy: The Pause that Refreshes?

We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several...

Vermilion Research

Opportunities in Global Energy & Materials Stocks

Commodities and related stocks are on the rise. Crude oil, industrial metals, and lumber prices are all breaking out to new highs and related...

Vermilion Research

Names with Increasing Coverage Significantly Outperform Names with Decreasing Coverage....

Now there are two thought processes 1- Analysts pick up coverage of names that are going up and drop coverage of names that are going down. 2-...

Custom Products Group

A Safe and Solid Value Play.

This makes adhesives and adhesive related products. 9 month operating profit came in at Y17bn (-10%). The full year 3/17 operating profit has been...

Pearl Hill Advisors

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