Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Equity Bottom-Up

<ul><li>Short interest moved sharply across both directions this week.</li><li>FERG and FTV led a burst of new bearish positioning in industrials, while CRWV and PPLC saw heavy short covering.</li><li>Earnings season drove most of the action, with borrow costs and availability swinging hard around report dates.</li></ul>

Short interest moved sharply across both directions this week.FERG and FTV led a burst of new bearish positioning in industrials, while CRWV and PPLC saw heavy short covering.Earnings season drove most of the action, with borrow costs and availability swinging hard around report dates.

Short Sellers Charge Into Industrials, Exit Tech

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

<ul>
<li>Key supports that we highlighted in last week's Compass (Sept. 7) held strong, including 3900-3910 on the SPX, $293 on the Nasdaq 100 (QQQ), $177-178 on the Russell 2000 (IWM).</li>
<li>We got the bounce where bulls needed to hold, but these levels could be tested again following this morning's hotter-than-expected CPI report.</li>
<li>As long as the aforementioned supports continue to hold, we continue to believe the lows are likely in for this bear market -- something we noted throughout late-July and August.</li>
</ul>


Key supports that we highlighted in last week's Compass (Sept. 7) held strong, including 3900-3910 on the SPX, $293 on the Nasdaq 100 (QQQ), $177-178 on the Russell 2000 (IWM).
We got the bounce where bulls needed to hold, but these levels could be tested again following this morning's hotter-than-expected CPI report.
As long as the aforementioned supports continue to hold, we continue to believe the lows are likely in for this bear market -- something we noted throughout late-July and August.


Supports to Be Tested Again Following CPI? Stick With Solar Stocks, Buying Manufacturing Names

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Fortive Corporation's second quarter of 2025 marked a pivotal transition with the successful spin-off of its Precision Technologies segment into a separate entity, Ralliant.</li><li>This move has simplified Fortive's structure, allowing it to focus on its core businesses.</li><li>In this final quarter as a consolidated entity, Fortive reported adjusted earnings per share (EPS) of $0.90, at the high end of its guidance, with an 8% growth in trailing twelve-month adjusted free cash flow.</li></ul>

Fortive Corporation's second quarter of 2025 marked a pivotal transition with the successful spin-off of its Precision Technologies segment into a separate entity, Ralliant.This move has simplified Fortive's structure, allowing it to focus on its core businesses.In this final quarter as a consolidated entity, Fortive reported adjusted earnings per share (EPS) of $0.90, at the high end of its guidance, with an 8% growth in trailing twelve-month adjusted free cash flow.

Fortive Corporation: Will Its Strategic Emphasis on Bolt-on Acquisitions Pay Off In The Short & Medium Term?

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul>
<li>Fortive (FTV) spun off 1 share of Ralliant (RAL) for each 3 shares owned.</li>
<li>As such, Ralliant has 113MM shares outstanding and a market cap of $5.1BN and enterprise value of $6.1BN.</li>
<li>The rationale for the spin-off is to separate the “BadCo” (Ralliant) from the “GoodCo” (Fortive RemainCo).</li>
</ul>


Fortive (FTV) spun off 1 share of Ralliant (RAL) for each 3 shares owned.
As such, Ralliant has 113MM shares outstanding and a market cap of $5.1BN and enterprise value of $6.1BN.
The rationale for the spin-off is to separate the “BadCo” (Ralliant) from the “GoodCo” (Fortive RemainCo).


<ul><li>Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned.</li><li>Ralliant generated $2.2B of revenue in 2024.</li><li>Key segments: 56% of sales in Sensors &amp; Safety (power‑grid monitors, defense, critical-environment sensors) and 44% in Test &amp; Measurement (electronic instrumentation, systems, software).</li></ul>

Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned.Ralliant generated $2.2B of revenue in 2024.Key segments: 56% of sales in Sensors &amp; Safety (power‑grid monitors, defense, critical-environment sensors) and 44% in Test &amp; Measurement (electronic instrumentation, systems, software).

United States

Fortive Corporation operates as a diversified industrial growth company. The Company focuses on professional instrumentation, automation, sensing, and transportation technologies. Fortive serves customers worldwide.

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Fortive (FTV US)

Short Sellers Charge Into Industrials, Exit Tech

Short interest moved sharply across both directions this week. FERG and FTV led a burst of new bearish positioning in industrials, while CRWV and...

ORTEX Market Intel

Supports to Be Tested Again Following CPI? Stick With Solar Stocks, Buying Manufacturing Names

Supports discussed in recent weeks have held, including 3900 on $SPX, $293 on $QQQ, and $177-178 on $IWM. These levels could be tested again...

Vermilion Research

Fortive Corporation: Will Its Strategic Emphasis on Bolt-on Acquisitions Pay Off In The Short & Medium Term?

Fortive Corporation's second quarter of 2025 marked a pivotal transition with the successful spin-off of its Precision Technologies segment into a...

Baptista Research

Weekly Update (IGT/BRSL, FTV, RAL)

Fortive (FTV) spun off 1 share of Ralliant (RAL) for each 3 shares owned. As such, Ralliant has 113MM shares outstanding and a market cap of $5.1BN...

Richard Howe

Ralliant Spin-off Deep Dive

Fortive (FTV) spun off Ralliant (RAL) on Monday June 30, 2025. Shareholders received a share of RAL for 3 shares of FTV owned. Ralliant generated...

Richard Howe

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