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

Large-cap aerospace and defense stocks remain leadership, emerging from recent market volatility to achieve new relative strength highs. Aero/defense-related names continue to be favorites of ours within the Manufacturing Sector.  In today’s report we highlight the following names: Lockheed Martin (LMT), General Dynamics (GD), Huntington Ingalls Industries (HII), TransDigm (TDG), Textron (TXT), Teledyne Technologies (TDY), Embraer S.A. ADR (ERJ), and L3 Technologies (LLL).

Large-cap aerospace and defense stocks remain leadership, emerging from recent market volatility to achieve new relative strength highs. Aero/defense-related names continue to be favorites of ours within the Manufacturing Sector.  In today’s report we highlight the following names: Lockheed Martin (LMT), General Dynamics (GD), Huntington Ingalls Industries (HII), TransDigm (TDG), Textron (TXT), Teledyne Technologies (TDY), Embraer S.A. ADR (ERJ), and L3 Technologies (LLL).

Analyst

Alasdair Moody

Exposing Creative Accounting

Bucephalus Research Partnership

Bucephalus Research Partnership Limited. Exposing Creative Accounting.

At the Bucephalus Research Partnership (BRP) we analyse financial statements using our accountant's practical experience and our own quantitative algorithms for corporate governance, accounting risk and peer performance.

Our thematic research refines our unique algorithms while our single stock research focuses on examples where we discover a significant gap between published accounts and business reality.

​Bucephalus Research Partnership:
- Is an independent fee-based research service
- Does not take proprietary positions, long or short
- Does not solicit business or fees from the corporates we review

Forensic Accounting

Bombardier is our North American poster child for creative accounting. It scores very badly on each of our Governance, Accounting risk and Peer performance metrics and has one of the highest (worst) scores, 226, in our universe. Bombardier needs to spend to survive but negative cashflow means it is borrowing to fund its finance costs. Ever more desperate deals will not save the company. Worst case scenario, the debt holders take a haircut, best case, equity holders only lose 65%.The questions…

Bombardier is our North American poster child for creative accounting. It scores very badly on each of our Governance, Accounting risk and Peer performance metrics and has one of the highest (worst) scores, 226, in our universe. Bombardier needs to spend to survive but negative cashflow means it is borrowing to fund its finance costs. Ever more desperate deals will not save the company. Worst case scenario, the debt holders take a haircut, best case, equity holders only lose 65%.The questions…

We take a look at actionable stocks within the U.S. manufacturing sector, a Vermilion Research overweight.  The following industry groups are represented: Aero/Defense, Auto Parts , Industrial Rental Equipment, Building Products &amp; Fixtures.<ul><li>List of highlighted charts: ALV, BDC, BLDR, CW, EMR, HDNG, HEES, HII, HURC, HXL, ITT, KAMN, LCII, LNN, MGRC, MLR, MOD, NNBR, NPO, PCAR, SPAR, SSD, SXI, TEX, TRN, TRS, TXT, URI, VICR, VMI, WSO, WTS</li></ul>

We take a look at actionable stocks within the U.S. manufacturing sector, a Vermilion Research overweight.  The following industry groups are represented: Aero/Defense, Auto Parts , Industrial Rental Equipment, Building Products &amp; Fixtures.List of highlighted charts: ALV, BDC, BLDR, CW, EMR, HDNG, HEES, HII, HURC, HXL, ITT, KAMN, LCII, LNN, MGRC, MLR, MOD, NNBR, NPO, PCAR, SPAR, SSD, SXI, TEX, TRN, TRS, TXT, URI, VICR, VMI, WSO, WTS

U.S. Manufacturing Sector Breaking Out to All-Time Relative Strength Highs; Actionable Stocks

Asia-Focused Industry Research, Speeda Research

Speeda

Asia-Focused Industry Research

Speeda Research

Speeda Research analysts cover China, Japan, India and SEA on the latest trends and topics. We have analysts of diverse nationalities who are able to access information in their respective local languages to provide customers with comprehensive reports. With access to private company data in these regions, Speeda Research is also able to provide insights into niche sectors which are not usually covered by other parties. We are also able to undertake ad hoc company and industry research reports.

Thematic (Sector/Industry)

<h2>What are the Alternative Taxes and Tariffs Under Consideration and the Objective and the Nature of Each Option?</h2>In the US, the Trump Administration is considering a variety of options to contain the increasing trade deficit, particularly with regard to one the US’ trading partners, Mexico. In 2015, the United States had a USD67bn trade deficit with Mexico in automobiles and auto parts. USD50.5bn in vehicles were shipped to the US from Mexico in 2015. Total exports in auto parts for OEMs and the…

What are the Alternative Taxes and Tariffs Under Consideration and the Objective and the Nature of Each Option?In the US, the Trump Administration is considering a variety of options to contain the increasing trade deficit, particularly with regard to one the US’ trading partners, Mexico. In 2015, the United States had a USD67bn trade deficit with Mexico in automobiles and auto parts. USD50.5bn in vehicles were shipped to the US from Mexico in 2015. Total exports in auto parts for OEMs and the…

Trump Tax Impact on US-Mexico Auto Industry Could Have Greatest Impact on Mazda/Mitsubishi

Wharton School of the University of Pennsylvania

Assistant Professor at The Wharton School, Wharton School of the University of Pennsylvania

Dr Arthur van Benthem

Assistant Professor at The Wharton School

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/021/282/original/Donald_Trump_Signs_The_Pledge_13.jpg?1487645410" class="editor-image img-responsive" data-smartkarma-image-id="21282"></figure>Though the travel ban received considerably more attention, another recent Trump administration executive order should also be the target of nationwide street protests.The order is meant to slash "unnecessary" regulations. President Trump's proposal is quite simple. For every new regulation, knock out two others. And require each regulatory agency to offset the full economic cost of its new regulation by revoking existing rules. According to Trump, the order will fix this problem: it has become…

Though the travel ban received considerably more attention, another recent Trump administration executive order should also be the target of nationwide street protests.The order is meant to slash "unnecessary" regulations. President Trump's proposal is quite simple. For every new regulation, knock out two others. And require each regulatory agency to offset the full economic cost of its new regulation by revoking existing rules. According to Trump, the order will fix this problem: it has become…

The Flawed Logic of Trump's Order on Regulations

United States

Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance.  The Company's products include airplanes, helicopters, weapons, and automotive products. Textron's finance division offers asset based lending, aviation, distribution, golf, and resort finance, as well as structured capital.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Textron Inc (TXT US)

U. S. Aerospace & Defense Lifting Off

Large-cap aerospace and defense stocks remain leadership, emerging from recent market volatility to achieve new relative strength highs....

Vermilion Research

Bombardier: Flying on Fumes

Bombardier is our North American poster child for creative accounting. It scores very badly on each of our Governance, Accounting risk and Peer...

Bucephalus Research Partnership

U.S. Manufacturing Sector Breaking Out to All-Time Relative Strength Highs; Actionable Stocks

We take a look at actionable stocks within the U.S. manufacturing sector, a Vermilion Research overweight. The following industry groups are...

Vermilion Research

Trump Tax Impact on US-Mexico Auto Industry Could Have Greatest Impact on Mazda/Mitsubishi

What are the Alternative Taxes and Tariffs Under Consideration and the Objective and the Nature of Each Option?In the US, the Trump Administration...

Speeda Research

The Flawed Logic of Trump's Order on Regulations

Though the travel ban received considerably more attention, another recent Trump administration executive order should also be the target of...

Dr Arthur van Benthem

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)