AlphaSituations-Event/Catalyst Driven Research, AlphaSituations

Robert Sassoon

AlphaSituations-Event/Catalyst Driven Research

AlphaSituations

Since its establishment, AlphaSituations has delivered a track record of outperformance with a hit rate of winners of more than 70% of its portfolio of ideas generating annualized average returns of 20%. In January 2022, AlphaSituations was contracted by Water Tower Research, an investor engagement and stakeholder communication platform to provide coverage of Special Situations

Event-Driven

<ul>
<li>The 18% spread suggests there the <a href="https://www.smartkarma.com/entities/apollo-global-management-inc" target="_blank" data-smartkarma-citation="entities:28770:1" rel="noopener">Apollo Global Management Inc (APO US)</a> / <a href="https://www.smartkarma.com/entities/tenneco-inc" target="_blank" data-smartkarma-citation="entities:6260:1" rel="noopener">Tenneco Inc (TEN US)</a> transaction is fraught with risks which, we believe, are more imaginary than real</li>
<li>With TEN shareholders expected to approve the merger next week, we assess regulatory obstacles low and the risk of APO reconsidering the transaction unlikely except in the most unexpected circumstances   </li>
<li>Overall we believe the risk-reward for arbs skews to the attractive with the opportunity to game IRRs in excess of 30%</li>
</ul>


The 18% spread suggests there the Apollo Global Management Inc (APO US) / Tenneco Inc (TEN US) transaction is fraught with risks which, we believe, are more imaginary than real
With TEN shareholders expected to approve the merger next week, we assess regulatory obstacles low and the risk of APO reconsidering the transaction unlikely except in the most unexpected circumstances   
Overall we believe the risk-reward for arbs skews to the attractive with the opportunity to game IRRs in excess of 30%


MergerTalk: Why We Think The Risk In Apollo's Tenneco Buy Out Is Overpriced

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

<p>The S&amp;P 500 and Nasdaq 100 are within striking distance of all-time highs and we believe breakouts are on the horizon. Overall, our outlook remains bullish and we recommend adding exposure on pullbacks. In today’s report we highlight attractive Groups and stocks within Discretionary, Materials, and Manufacturing.</p>

The S&amp;P 500 and Nasdaq 100 are within striking distance of all-time highs and we believe breakouts are on the horizon. Overall, our outlook remains bullish and we recommend adding exposure on pullbacks. In today’s report we highlight attractive Groups and stocks within Discretionary, Materials, and Manufacturing.

U.S. Equity Strategy: Breakouts On The Horizon

<p>Our outlook remains bullish, and this is not based solely on new highs in the S&amp;P 500 or Russell 2000. While we like to have those boxes checked, more important to us are the trends at the Sector and Group levels. And right now what we see confirms a risk-on environment confirmed by technical strength in manufacturing, biotechs, banks, energy, miners, semis, and foreign markets -- all buys.</p>

Our outlook remains bullish, and this is not based solely on new highs in the S&amp;P 500 or Russell 2000. While we like to have those boxes checked, more important to us are the trends at the Sector and Group levels. And right now what we see confirms a risk-on environment confirmed by technical strength in manufacturing, biotechs, banks, energy, miners, semis, and foreign markets -- all buys.

U.S. Equities: Sector & Group-Level Trends Confirm Risk-On Environment

United States

Meritor, Inc. manufactures automobile components for military suppliers, trucks, trailers, and specialty vehicles. The Company also offers related replacement parts in the transportation and industrial sectors. Meritor provides products including axles, drivelines, braking systems, and suspension systems.

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Meritor Inc (MTOR US)

MergerTalk: Why We Think The Risk In Apollo's Tenneco Buy Out Is Overpriced

Whether the oversized spread underestimates Apollo's commitment to the transaction terms or overestimates the deal's regulatory obstacles, either...

Robert Sassoon

U.S. Equity Strategy: Breakouts On The Horizon

The S&P 500 and Nasdaq 100 are within striking distance of all-time highs and we believe breakouts are on the horizon. Our outlook remains bullish...

Vermilion Research

U.S. Equities: Sector & Group-Level Trends Confirm Risk-On Environment

Our outlook remains bullish, and this is not based solely on new highs in the S&P 500 or Russell 2000. While we like to have those boxes...

Vermilion Research

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