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

As bullish developments pile up, the weight-of-the-evidence continues to support our belief that we may be in the early stages of a broad-based advance. There are some developments that leave us wanting more, but we are inching toward an outright bullish outlook. In today’s report we outline our U.S. investment thesis, and highlight attractive Groups and stocks within Health Care, Materials, and Manufacturing: Biotech, Large-Cap, Aluminum, Chemicals, Diversified, and Fluid Technology &amp; Power.

As bullish developments pile up, the weight-of-the-evidence continues to support our belief that we may be in the early stages of a broad-based advance. There are some developments that leave us wanting more, but we are inching toward an outright bullish outlook. In today’s report we outline our U.S. investment thesis, and highlight attractive Groups and stocks within Health Care, Materials, and Manufacturing: Biotech, Large-Cap, Aluminum, Chemicals, Diversified, and Fluid Technology &amp; Power.

U.S. Equity Strategy: Small-Caps Testing Critical Resistance; Downgrading Communications

Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Thematic (Sector/Industry)

<ul>
<li>Both the surge in industrial commodity imports and excavator sales in February confirm the rebound in Chinese fixed investment led by infrastructure, but with housing also now picking up.</li>
<li>Sales of excavators reached a 15-year high - Komatsu reported real-time utilization rates on its machines in China soaring 85% y/y last month</li>
<li>Housing sales by value rose 22.7% y/y for Jan/Feb and investment in real-estate development rose 8.9% in the first two months, versus 6.9% over last year.</li>
<li>Prices seem to be…</li>
</ul>


Both the surge in industrial commodity imports and excavator sales in February confirm the rebound in Chinese fixed investment led by infrastructure, but with housing also now picking up.
Sales of excavators reached a 15-year high - Komatsu reported real-time utilization rates on its machines in China soaring 85% y/y last month
Housing sales by value rose 22.7% y/y for Jan/Feb and investment in real-estate development rose 8.9% in the first two months, versus 6.9% over last year.
Prices seem to be…


As China Digs for Growth, Can Korea Break Chaebol Dominance?

Asia-Focused Industry Research, Speeda Research

Speeda

Asia-Focused Industry Research

Speeda Research

Speeda Research analysts cover China, Japan, India and SEA on the latest trends and topics. We have analysts of diverse nationalities who are able to access information in their respective local languages to provide customers with comprehensive reports. With access to private company data in these regions, Speeda Research is also able to provide insights into niche sectors which are not usually covered by other parties. We are also able to undertake ad hoc company and industry research reports.

<h2>What are the Alternative Taxes and Tariffs Under Consideration and the Objective and the Nature of Each Option?</h2>In the US, the Trump Administration is considering a variety of options to contain the increasing trade deficit, particularly with regard to one the US’ trading partners, Mexico. In 2015, the United States had a USD67bn trade deficit with Mexico in automobiles and auto parts. USD50.5bn in vehicles were shipped to the US from Mexico in 2015. Total exports in auto parts for OEMs and the…

What are the Alternative Taxes and Tariffs Under Consideration and the Objective and the Nature of Each Option?In the US, the Trump Administration is considering a variety of options to contain the increasing trade deficit, particularly with regard to one the US’ trading partners, Mexico. In 2015, the United States had a USD67bn trade deficit with Mexico in automobiles and auto parts. USD50.5bn in vehicles were shipped to the US from Mexico in 2015. Total exports in auto parts for OEMs and the…

Trump Tax Impact on US-Mexico Auto Industry Could Have Greatest Impact on Mazda/Mitsubishi

ASEAN (Indo) & China-focused. Ex-Deputy HoR UBS.

Johannes Salim, CFA

<ul>
<li>There was nothing new in Trump's speech last night, but the US stock market surged to new highs (again).</li>
<li>Global reflation trade over next few months is likely to continue.</li>
<li>Prime beneficiaries of global reflation trade in Asian market are financial, commodity, and infrastructure plays.</li>
</ul>We were watching live (on TV) US President Trump's speech, which was addressed to the Congress last night (9 pm EST). This was the first formal speech by Trump after his inauguration speech on 1/20. Our first…


There was nothing new in Trump's speech last night, but the US stock market surged to new highs (again).
Global reflation trade over next few months is likely to continue.
Prime beneficiaries of global reflation trade in Asian market are financial, commodity, and infrastructure plays.
We were watching live (on TV) US President Trump's speech, which was addressed to the Congress last night (9 pm EST). This was the first formal speech by Trump after his inauguration speech on 1/20. Our first…

Asia Market Strategy: Is There No Stopping This Bull Run?

<ul>
<li>
Despite the record highs for US indices, most EM currencies have regained USD levels seen pre-election as volatility subsides and carry trades resume.
</li>
<li>Even the Turkish Lira and Mexican Peso have found support since late January while speculative long USD positioning has reversed to levels last seen in October.</li>
<li>Corporate credit spreads have tightened further as retail funds flood into the sector YTD - EM high yield spreads are just 2.7% currently from over 5% a year ago.</li>
<li>
That backdrop underpins the…</li>
</ul>



Despite the record highs for US indices, most EM currencies have regained USD levels seen pre-election as volatility subsides and carry trades resume.

Even the Turkish Lira and Mexican Peso have found support since late January while speculative long USD positioning has reversed to levels last seen in October.
Corporate credit spreads have tightened further as retail funds flood into the sector YTD - EM high yield spreads are just 2.7% currently from over 5% a year ago.

That backdrop underpins the…


US Earnings Momentum Weak as Greek Saga Resumes

United States

LyondellBasell Industries NV manufactures plastic, chemical, and fuel products. The Company offers products for the manufacturing of personal care products, fresh food packaging, lightweight plastics, construction materials, automotive components, durable textiles, medical applications, and biofuels. LyondellBasell Industries conducts its business worldwide.

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Lyondellbasell Indu Cl A (LYB US)

U.S. Equity Strategy: Small-Caps Testing Critical Resistance; Downgrading Communications

As bullish developments pile up, the weight-of-the-evidence continues to support our belief that we may be in the early stages of a broad-based...

Vermilion Research

As China Digs for Growth, Can Korea Break Chaebol Dominance?

Both the surge in industrial commodity imports and excavator sales in February confirm the rebound in Chinese fixed investment led by...

Sean Maher

Trump Tax Impact on US-Mexico Auto Industry Could Have Greatest Impact on Mazda/Mitsubishi

What are the Alternative Taxes and Tariffs Under Consideration and the Objective and the Nature of Each Option?In the US, the Trump Administration...

Speeda Research

Asia Market Strategy: Is There No Stopping This Bull Run?

There was nothing new in Trump's speech last night, but the US stock market surged to new highs (again). Global reflation trade over next few...

Johannes Salim, CFA

US Earnings Momentum Weak as Greek Saga Resumes

Despite the record highs for US indices, most EM currencies have regained USD levels seen pre-election as volatility subsides and carry trades...

Sean Maher

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)