Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

Cross Asset Strategy

<ul>
<li>Analyst sentiment improved.  Net 32% of companies are seeing raises (v 27% last week).  The average estimate revision  is a raise of +0.8%, very slightly higher than last week. </li>
<li>Sentiment is uniform and bullish for Precious Metals, Auto Parts, Electronics/Appliances, Personal Care, Restaurants, Software, Med/Nursing, Advertising/Marketing, Specialty Telecom.  Sentiment is deeply depressed for Oil Production, AgriCommodities and Shipping.</li>
<li>New estimate cuts have come for AgriChemicals, Environmental Services, Hotels/Resorts and Major Banks.  Integrated Oil, Oil Production, Department Stores and Major Banks are in accelerating estimate downtrends. </li>
</ul>


Analyst sentiment improved.  Net 32% of companies are seeing raises (v 27% last week).  The average estimate revision  is a raise of +0.8%, very slightly higher than last week. 
Sentiment is uniform and bullish for Precious Metals, Auto Parts, Electronics/Appliances, Personal Care, Restaurants, Software, Med/Nursing, Advertising/Marketing, Specialty Telecom.  Sentiment is deeply depressed for Oil Production, AgriCommodities and Shipping.
New estimate cuts have come for AgriChemicals, Environmental Services, Hotels/Resorts and Major Banks.  Integrated Oil, Oil Production, Department Stores and Major Banks are in accelerating estimate downtrends. 


Integrated Oil, Oil Prod'n, Dept Stores & Major Banks Estimates in Accelerating Downtrends.