In today’s briefing:
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades- Sell in May and Go Away?
- CSX Corporation: Impressive Network Performance & Savings Drivers
- Emerson Electric Co.: Collaboration with ZAETHER & Other Drivers
- IDEX Corporation: Continued Robustness In Life Sciences and Analytical Instrumentation – Key Drivers
- Trex Company Inc.: Railing and Decking In High Demand – Key Drivers
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades- Sell in May and Go Away?
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
CSX Corporation: Impressive Network Performance & Savings Drivers
- CSX Corporation achieved a successful first quarter, fueled by strong pricing and volume growth in its goods and coal businesses which resulted in an all-around beat.
- While the company saw positive growth in automotive, customer production challenges hampered quarterly volumes.
- Solid commodity prices are anticipated to support the global coal market in the near future, resulting in positive volume growth.
Emerson Electric Co.: Collaboration with ZAETHER & Other Drivers
- With its results around the corner, let us take a closer look at Emersion Electric’s last quarter performance.
- The company’s last result had been a major disappointment as it failed to meet the revenue expectations as well as the earnings expectations of Wall Street.
- The sales performance was driven by growth in software, control, and in Intelligent Devices.
IDEX Corporation: Continued Robustness In Life Sciences and Analytical Instrumentation – Key Drivers
- IDEX experienced double-digit organic growth in the last quarter and achieved strong profitability and sales that were beyond market expectations.
- IDEX is on its next phase of automation at Banjo and views continued improvement in efficiencies and delivery.
- In its energy business, IDEX sees favorable demand for natural gas production, energy exports, and continued oil price support.
Trex Company Inc.: Railing and Decking In High Demand – Key Drivers
- Trex Company has been witnessing a decent sequential recovery as it navigates the challenges of the pro-channel inventory recalibration.
- The company had delivered an all-around beat in its last result as consumer demand for Trex railing and decking remained steady.
- We give Trex Company a ‘Hold’ rating with a revised target price.
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