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 primary trend in U.S. equity markets remains bullish, and the usual suspects continue to lead: growth (Tech and FANG), homebuilders, industrials, etc.  Yet unusually bullish price patterns continue to develop in long-term laggards like energy (esp. E&amp;Ps), retail (XRT), and engineering &amp; construction (JEC).  We view this stabilization, or participation, in weak segments as a boost to the market’s breadth, a point of contention in recent months for some, who have pointed out that fewer stocks are trading above their 200-day moving averages.  Attractive entry points are also visible in many cyclical Groups, especially Casinos and Investment Banks.  In today’s report we highlight actionable charts in both Groups... see pages 8-24]

The primary trend in U.S. equity markets remains bullish, and the usual suspects continue to lead: growth (Tech and FANG), homebuilders, industrials, etc.  Yet unusually bullish price patterns continue to develop in long-term laggards like energy (esp. E&amp;Ps), retail (XRT), and engineering &amp; construction (JEC).  We view this stabilization, or participation, in weak segments as a boost to the market’s breadth, a point of contention in recent months for some, who have pointed out that fewer stocks are trading above their 200-day moving averages.  Attractive entry points are also visible in many cyclical Groups, especially Casinos and Investment Banks.  In today’s report we highlight actionable charts in both Groups... see pages 8-24]

U.S. Equity Weekly: Actionable Ideas in Casinos, Investment Banks

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

Mega M&amp;A deal was announced this morning from Korea's gaming industry. <a href="https://www.smartkarma.com/entities/24095" target="_blank" data-smartkarma-citation="entities:24095:1">DoubleUGames Co., Ltd. (192080 KS)</a> said this morning that it agreed to buy Double Down Interactive (DDI) for ₩942.5bil (US$825mil) from IGT, <a href="https://www.smartkarma.com/entities/16770" target="_blank" data-smartkarma-citation="entities:16770:1">International Game Technology Ordinary Shares (IGT US)</a>. This acquisition price is even more than its own current market cap. This marks the largest overseas acquisition by a Korean game company. <div class="content-highlight">
News articles:
<a href="http://www.prnewswire.com/news-releases/igt-announces-agreement-to-sell-double-down-interactive-llc-to-doubleu-games-as-part-of-new-strategic-partnership-in-social-casino-300440482.html" target="_blank">IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As</a>…
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Mega M&amp;A deal was announced this morning from Korea's gaming industry. DoubleUGames Co., Ltd. (192080 KS) said this morning that it agreed to buy Double Down Interactive (DDI) for ₩942.5bil (US$825mil) from IGT, International Game Technology Ordinary Shares (IGT US). This acquisition price is even more than its own current market cap. This marks the largest overseas acquisition by a Korean game company. 
News articles:
IGT Announces Agreement To Sell Double Down Interactive LLC To DoubleU Games As…


DoubleUGames Buys Double Down Interactive from IGT for US$825mil

United States

International Game Technology PLC designs, develops, manufactures and distributes computerized gaming equipment, software and network systems. The Company's products consist of slot machines, social gaming platforms and other interactive gaming machines. International Games also provides maintenance services.

International Game Technology Ordinary Shares (IGT US)

International Game Technology Ordinary Shares

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International Game Technology Ordinary Shares (IGT US)

U.S. Equity Weekly: Actionable Ideas in Casinos, Investment Banks

The primary trend in U.S. equity markets remains bullish, and the usual suspects continue to lead: growth (Tech and FANG), homebuilders,...

Vermilion Research

DoubleUGames Buys Double Down Interactive from IGT for US$825mil

Mega M&A deal was announced this morning from Korea's gaming industry. DoubleUGames Co., Ltd. (192080 KS) said this morning that it agreed to...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)