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>Considering constructive market dynamics and the recent $SPX breakout above 5783 following several months of consolidation, we upgraded our outlook to bullish as of our 10/15/24 U.S. Macro Vision report</li>
<li>Since late-July, we have been neutral on the SPX, preferring to buy near 5100-5200 support and sell near 5670-5783 resistance until there is a break in either direction.</li>
<li>The verdict of the market is the only one that matters, and the breakout above 5783 is the market's way of saying the path of least resistance is higher.</li>
</ul>


Considering constructive market dynamics and the recent $SPX breakout above 5783 following several months of consolidation, we upgraded our outlook to bullish as of our 10/15/24 U.S. Macro Vision report
Since late-July, we have been neutral on the SPX, preferring to buy near 5100-5200 support and sell near 5670-5783 resistance until there is a break in either direction.
The verdict of the market is the only one that matters, and the breakout above 5783 is the market's way of saying the path of least resistance is higher.


Bullish Outlook Focused on Large- And Mid-Caps; Russell 2000 Below Resistance; Concerns Dwindling

<ul>
<li>The $SPX continues to hold below 5783, the upper-end of an important target/resistance area (5670-5783) we've discussed since our 8/13/24 Compass, just after SPX hit our 5100-5191 "expected pullback zone."</li>
<li>The current "breakout" above 5670 is an extraordinarily weak one, which suggests a false breakout/bull trap is brewing; SPX has spent nearly three weeks above 5670, with zero upside follow-through.</li>
<li>As long as the SPX does not have a weekly close above 5783 we continue to recommend reducing risk and shifting to defensives.</li>
</ul>


The $SPX continues to hold below 5783, the upper-end of an important target/resistance area (5670-5783) we've discussed since our 8/13/24 Compass, just after SPX hit our 5100-5191 "expected pullback zone."
The current "breakout" above 5670 is an extraordinarily weak one, which suggests a false breakout/bull trap is brewing; SPX has spent nearly three weeks above 5670, with zero upside follow-through.
As long as the SPX does not have a weekly close above 5783 we continue to recommend reducing risk and shifting to defensives.


Bull Trap Still Brewing?; Treasury Yields and DXY Climbing; Stay Defensive With $SPX Below 5783

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

<ul><li>Jacobs focuses on infrastructure, environment, and cyber security</li><li>Information vacuum from separation of non-core business segment will soon be resolved</li><li>Strong financial performance and market position make Jacobs a high-quality market leader</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Jacobs focuses on infrastructure, environment, and cyber securityInformation vacuum from separation of non-core business segment will soon be resolvedStrong financial performance and market position make Jacobs a high-quality market leaderThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Jacobs Solutions Inc (J) - Tuesday, Jun 25, 2024

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>In analyzing Jacobs Solutions' Third Quarter 2024 financial performance, it is important to recognize both the achievements and potential areas of concern that influence the company's overall business operations and financial health.</li><li>Jacobs Solutions delivered a solid financial performance, reporting a consolidated adjusted EBITDA of $392 million, reflecting an approximate 11% year-over-year increase.</li><li>This growth underscores effective margin management and robust operational efficiency, with the adjusted EBITDA margin standing at a commendable 11.5%.</li></ul>

In analyzing Jacobs Solutions' Third Quarter 2024 financial performance, it is important to recognize both the achievements and potential areas of concern that influence the company's overall business operations and financial health.Jacobs Solutions delivered a solid financial performance, reporting a consolidated adjusted EBITDA of $392 million, reflecting an approximate 11% year-over-year increase.This growth underscores effective margin management and robust operational efficiency, with the adjusted EBITDA margin standing at a commendable 11.5%.

Jacobs Solutions: Challenges & Strategies In The Engineering & Construction Sector! - Major Drivers

<ul><li>Jacobs Solutions has shared positive financial results in Q2 2024 earnings which saw revenues grow by 5% and an adjusted net revenue climb 3% organically.</li><li>However, gross revenue for the second quarter fell short of expectations resulting in a reach of $281 million for the quarter, including $53 million of amortization from acquired intangibles and $58 million of transaction costs.</li><li>Second quarter consolidated revenue was driven by a 5% growth with backlog up 2% year-over year and gross margin increased approximately 50 basis points year-over-year.</li></ul>

Jacobs Solutions has shared positive financial results in Q2 2024 earnings which saw revenues grow by 5% and an adjusted net revenue climb 3% organically.However, gross revenue for the second quarter fell short of expectations resulting in a reach of $281 million for the quarter, including $53 million of amortization from acquired intangibles and $58 million of transaction costs.Second quarter consolidated revenue was driven by a 5% growth with backlog up 2% year-over year and gross margin increased approximately 50 basis points year-over-year.

Jacobs Solutions: Will The Solid Momentum in the Critical Infrastructure Market Last? - Major Drivers

United States

Jacobs Solutions Inc. provides technical professional services. The Company offers engineering and construction services, as well as scientific and specialty consulting for a broad range of clients including companies, organizations, and government agencies. Jacobs Solutions serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Jacobs Solutions (J US)

Bullish Outlook Focused on Large- And Mid-Caps; Russell 2000 Below Resistance; Concerns Dwindling

Bullish Outlook Focused on Large- and Mid-Caps $SPX $NDX $QQQ $IJH $MDY $IWR as of the Oct 11 close above 5783; Russell 2000 $IWM Still Below...

Vermilion Research

Bull Trap Still Brewing?; Treasury Yields and DXY Climbing; Stay Defensive With $SPX Below 5783

Bull Trap Still Brewing?; Only Confirmed on a Break Below SPX 5670; Treasury Yields, bond volatility (MOVE index), and DXY Climbing, all risk-off...

Vermilion Research

Jacobs Solutions Inc (J) - Tuesday, Jun 25, 2024

Jacobs focuses on infrastructure, environment, and cyber security. Information vacuum from separation of non-core business segment will soon be...

Value Investors Club (VIC)

Jacobs Solutions: Challenges & Strategies In The Engineering & Construction Sector! - Major Drivers

In analyzing Jacobs Solutions' Third Quarter 2024 financial performance, it is important to recognize both the achievements and potential areas of...

Baptista Research

Jacobs Solutions: Will The Solid Momentum in the Critical Infrastructure Market Last? - Major Drivers

Jacobs Solutions has shared positive financial results in Q2 2024 earnings which saw revenues grow by 5% and an adjusted net revenue climb 3%...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)