In today’s briefing:
- Small- And Mid-Cap Indexes Poised to Break Out?; Further Upside Expected; Buys Within Cyclicals
- Oracle Corporation (ORCL US): TSS Recommendation Closed After One Week (-4.5%)
- International Flavors & Fragrances Inc.: Initiation of Coverage – Business Strategy & Other Drivers
- IPAR: Guidance Removes Overhang
- BlackLine Inc.: Initiation of Coverage – Customer Attractiveness Scoring & Other Drivers
- International Flavors & Fragrances Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Broadridge Financial Solutions Inc.: Initiation of Coverage – Industry Dynamics & Key Drivers
- Broadridge Financial Solutions Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
Small- And Mid-Cap Indexes Poised to Break Out?; Further Upside Expected; Buys Within Cyclicals
- Despite $IWM already hitting our price target at 200-day MA/YTD downtrend, and the $SPX getting to within 1% of our target at 200-day MA, we see this 1.5-month rally continuing.
- We expect further upside as long as the 1.5-month uptrend channels remain intact on the SPX and IWM, and we believe that breakouts above their 200-day MAs could be coming
- Breakouts above their 200-day MAs that would likely signal the end to this bear market.
Oracle Corporation (ORCL US): TSS Recommendation Closed After One Week (-4.5%)
- The development of TSS has been a life’s work. We anticipate a high win / loss ratio and accept than not every recommendation will be profitable.
- On 15 November we determined that extreme ST momentum failure would likely deliver a 4.0% to 5.5% decline in ORCL US in 1-2 weeks.
- ORCL US failed to deliver, declining only 0.6% before closing 1 week later, on 22 November, 4.5% above our recommendation entry level. This recommendation is now closed.
International Flavors & Fragrances Inc.: Initiation of Coverage – Business Strategy & Other Drivers
- This is our first report on International Flavors and Fragrances (IFF), one of the global market leaders in the production of cosmetic active and natural health ingredients for use in consumer products.
- The increase in sales in the quarter was driven primarily by double-digit growth in its pharma and nourish solutions divisions.
- In spite of its volatile market environment, IFF continues to execute its operational priorities for achieving strong bottom and top-line results.
IPAR: Guidance Removes Overhang
- IPAR continues to experience a strong consumer spending environment for fragrances where it has become increasing difficult to have all the components to manufacture a bottle
- IPAR reported third quarter sales of $280.5 million compared to our original estimate of $275.3 million. The increase in sales was the result of a strong showing from new licenses
- At the start of 2022, our 2022 EPS forecast was $3.05. It is now $3.40. IPAR’s stock has shown little movement for such an achievement
BlackLine Inc.: Initiation of Coverage – Customer Attractiveness Scoring & Other Drivers
- This is our first report on BlackLine, the renowned cloud-based solutions provider for accounting and financial management operations.
- The company delivered solid financial results in the last quarter and managed an all-around beat with good growth in revenue.
- Moreover, continued free cash flow and margin improvement were seen due to further disciplined expense management and operating efficiencies.
International Flavors & Fragrances Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- International Flavors and Fragrances, commonly abbreviated as IFF, is one of the world leaders in the manufacture and distribution of cosmetic active and natural health ingredients for use in consumer products.
- In spite of its volatile market environment, IFF continues to execute its operational priorities for achieving strong bottom and top-line results.
- It also continues to progress against its portfolio optimization efforts, having completed successfully the divestiture of its Microbial Control business.
Broadridge Financial Solutions Inc.: Initiation of Coverage – Industry Dynamics & Key Drivers
- This is our first report on Broadridge Financial Solutions, a major investor communications and technology-driven solutions provider for the financial services industry.
- The company delivered a mixed set of results for the quarter meeting revenue expectations of Wall Street but missing out on earnings.
- Given their forward testing, Broadridge anticipates steady growth in investor positions throughout the coming two quarters.
Broadridge Financial Solutions Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Broadridge Financial Solutions is a well-known investor communications and technology-driven solutions provider for the financial services industry.
- The company has had a decent financial performance in recent times and has seen a continuous expansion in investor positions, notwithstanding the market downturn.
- Given their forward testing capabilities, Broadridge is confident of seeing steady growth in investor positions in the coming year.
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