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

And just like that, the S&amp;P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary and Financials: Homebuilding, Large-Cap, Casinos &amp; Gaming, Small-Cap, Asset Management &amp; Custody Banks, Large-Cap, and Investment Banking &amp; Brokerage, Small-Cap.

And just like that, the S&amp;P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors, and also small-caps (IWM) which continue to hit new RS lows. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary and Financials: Homebuilding, Large-Cap, Casinos &amp; Gaming, Small-Cap, Asset Management &amp; Custody Banks, Large-Cap, and Investment Banking &amp; Brokerage, Small-Cap.

U.S. Equities: Still Bullish, With Reservations

As we write this, fears of a reprisal attack by Saudi Arabia are being priced into the markets. Oil is surging on the back of the largest ever supply disruption in history.  Investment managers are likely caught on the wrong side of the Energy Sector move and were very underweight as the Sector’s performance has, year-to-date, been nothing but an anchor on performance.  The Energy Sector has underperformed for well over a decade and the sector is at its lowest weighting in the S&amp;P 500 going back to 2005. We are taking this opportunity to upgrade the Energy Sector to a Market Weight from an Underweight as we believe retaliatory action is highly likely.The move to value is a trend that we see likely to continue. Small-caps have also done an about face vs large caps (Russell 2000 vs Russell 1000) after having broken to RS lows not seen since 2009. We believe this will result in a move that would likely take us back up to the top of the range assuming a recession is off the table. In this report, we lay out our complete U.S. equity strategy, and make detailed comments and recommendations on each of our 12 Sectors.

 As we write this, fears of a reprisal attack by Saudi Arabia are being priced into the markets. Oil is surging on the back of the largest ever supply disruption in history.  Investment managers are likely caught on the wrong side of the Energy Sector move and were very underweight as the Sector’s performance has, year-to-date, been nothing but an anchor on performance.  The Energy Sector has underperformed for well over a decade and the sector is at its lowest weighting in the S&amp;P 500 going back to 2005. We are taking this opportunity to upgrade the Energy Sector to a Market Weight from an Underweight as we believe retaliatory action is highly likely.The move to value is a trend that we see likely to continue. Small-caps have also done an about face vs large caps (Russell 2000 vs Russell 1000) after having broken to RS lows not seen since 2009. We believe this will result in a move that would likely take us back up to the top of the range assuming a recession is off the table. In this report, we lay out our complete U.S. equity strategy, and make detailed comments and recommendations on each of our 12 Sectors.

U.S. Equity Strategy: Value and Small-Caps Appear to Be on the Cusp of Major Bullish Moves

Israel

Sapiens International Corporation N.V. is a global provider of information technology (IT) solutions. The Company's solutions modernize business processes and enable insurance organizations and other companies to adapt quickly to change. Sapiens modular solutions align IT with the business demands for speed, flexibility, and efficiency.

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Sapiens International NV (SPNS US)

U.S. Equities: Still Bullish, With Reservations

And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy...

Vermilion Research

U.S. Equity Strategy: Value and Small-Caps Appear to Be on the Cusp of Major Bullish Moves

As we write this, fears of a reprisal attack by Saudi Arabia are being priced into the markets. Oil is surging on the back of the largest ever...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)