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

The market’s bounce off of the December, 2018 low was a swift “V” reversal. While we often see a retest of such events, our outlook since that time has repeatedly suggested that a retest may not occur. We continue to believe the market remains healthy with overall and leadership remaining centered in the cyclical Sectors, mainly Technology.  In this publication we provide an overview of our U.S. equity strategy, and examine attractive opportunities in each of our 12 Sectors, beginning with Technology - our favorite.

The market’s bounce off of the December, 2018 low was a swift “V” reversal. While we often see a retest of such events, our outlook since that time has repeatedly suggested that a retest may not occur. We continue to believe the market remains healthy with overall and leadership remaining centered in the cyclical Sectors, mainly Technology.  In this publication we provide an overview of our U.S. equity strategy, and examine attractive opportunities in each of our 12 Sectors, beginning with Technology - our favorite.

U.S. Equity Strategy: Positive Outlook Intact; Cyclicals Leading; Opportunities in Tech Sector

Technology is our favorite Sector within the U.S. equity landscape, and remains leadership – 73% of our Tech Groups are in the top 33% in terms of our Relative Strength Rankings (RSRs). Internally, semis and semi-suppliers continue to outperform and many names have pulled back to offer attractive entry points. In this report we highlight our favorite setups within the U.S. Technology Sector.

Technology is our favorite Sector within the U.S. equity landscape, and remains leadership – 73% of our Tech Groups are in the top 33% in terms of our Relative Strength Rankings (RSRs). Internally, semis and semi-suppliers continue to outperform and many names have pulled back to offer attractive entry points. In this report we highlight our favorite setups within the U.S. Technology Sector. 

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

Bloomberg recently <a href="https://www.bloomberg.com/news/articles/2018-05-07/qualcomm-is-said-to-plan-exit-from-server-chips-amid-cost-cuts" target="_blank">reported</a> that <a href="https://www.smartkarma.com/entities/969" target="_blank" data-smartkarma-citation="entities:969:1">Qualcomm</a> may be planning to exit the server market for ARM CPU's:<div class="content-highlight">The San Diego-based company is exploring whether to shutter the unit or look for a new owner for the division, which was working on ways to get technology from ARM Holdings Plc into the market for chips that are at the heart of servers, the person said. ARM is one of Intel’s only rivals in developing semiconductor designs, and its architecture is primarily used in less power-intensive products, such…</div>

Bloomberg recently reported that Qualcomm may be planning to exit the server market for ARM CPU's:The San Diego-based company is exploring whether to shutter the unit or look for a new owner for the division, which was working on ways to get technology from ARM Holdings Plc into the market for chips that are at the heart of servers, the person said. ARM is one of Intel’s only rivals in developing semiconductor designs, and its architecture is primarily used in less power-intensive products, such…

Qualcomm Likely To Exit ARM Server CPU Business

M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

The pending Cavium/Marvell Technologies merger raises questions about how the present Committee on Foreign Investment in the United States will handle pending deals in the technology sector, CFIUS sources and semiconductor analysts told CTFN.

The pending Cavium/Marvell Technologies merger raises questions about how the present Committee on Foreign Investment in the United States will handle pending deals in the technology sector, CFIUS sources and semiconductor analysts told CTFN.

Cavium/Marvell CFIUS Review to Focus on China

In our March Strategy we provide a top down analysis of U.S. equity market drivers, and highlight opportunities within the following Sectors:• Technology: Overweight.  Technology remains a leadership Sector as uptrends and significant bases remain intact. The recent pullback has resulted in a number of groups breaking to new highs especially in the Software related groups. Historically investors will move to software related names to reduce risk as these companies often have a source of reoccurring revenue. Large- and Mid-cap semiconductors have also been quite resilient, whereas small- and micro-cap semis are seeing breakdowns in price and RS.• Financials: Overweight. Financials continue to plod up and to the right. Banks and thrifts, exchanges, investing banking and brokerage, pawn shops and Latin/South American banks look attractive.

In our March Strategy we provide a top down analysis of U.S. equity market drivers, and highlight opportunities within the following Sectors:• Technology: Overweight.  Technology remains a leadership Sector as uptrends and significant bases remain intact. The recent pullback has resulted in a number of groups breaking to new highs especially in the Software related groups. Historically investors will move to software related names to reduce risk as these companies often have a source of reoccurring revenue. Large- and Mid-cap semiconductors have also been quite resilient, whereas small- and micro-cap semis are seeing breakdowns in price and RS.• Financials: Overweight. Financials continue to plod up and to the right. Banks and thrifts, exchanges, investing banking and brokerage, pawn shops and Latin/South American banks look attractive.

U.S. Equity Strategy: Cyclicals Are Leadership, Small-Caps Are Closing the Gap.

United States

Marvell Technology, Inc. develops and produces semiconductors and related technology. The Company offers security and networking platform, secure data processing, networking, and storage solutions. Marvell Technology serves customers worldwide.

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Marvell Technology (MRVL US)

U.S. Equity Strategy: Positive Outlook Intact; Cyclicals Leading; Opportunities in Tech Sector

The market’s bounce off of the December, 2018 low was a swift “V” reversal. While we often see a retest of such events, our outlook since that time...

Vermilion Research

Opportunities in U.S. Technology Sector

Technology is our favorite Sector within the U.S. equity landscape, and remains leadership – 73% of our Tech Groups are in the top 33% in terms of...

Vermilion Research

Qualcomm Likely To Exit ARM Server CPU Business

Bloomberg recently reported that Qualcomm may be planning to exit the server market for ARM CPU's:The San Diego-based company is exploring whether...

William Keating

Cavium/Marvell CFIUS Review to Focus on China

The pending Cavium/Marvell Technologies merger raises questions about how the present Committee on Foreign Investment in the United States will...

CTFN

U.S. Equity Strategy: Cyclicals Are Leadership, Small-Caps Are Closing the Gap.

In our March Strategy we provide a top down analysis of U.S. equity market drivers, and highlight opportunities within the following Sectors:•...

Vermilion Research

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