Report
Dave Nicoski ...
  • Ross LaDuke
EUR 47.99 For Business Accounts Only

Vermilion Compass: Weekly Equity Strategy

S&P 500 Testing Prior Breakout Level

DeepSeek appears to have turned the chatbot market upside-down, putting pressure on AI-linked stocks. While the dust has yet to settle, the good news is that the selloff has been largely contained to these AI-linked stocks. The rest of the market did not seem to care; the equal-weighted S&P 500 was roughly flat yesterday. Additionally, market dynamics remain healthy, with Treasury yields, the U.S. dollar (DXY), and WTI crude oil continuing to move lower, and the majority of the 1+ month breakouts that we discussed last week are holding their breakout levels (S&P 500, DJI, S&P 400 Mid Caps, VXF, S&P 600 Small Caps, and ARKK); bulls will remain in control as long as this remains the case. We will say that if the S&P 500 cannot break out to new highs soon, it opens the door for another month or longer of consolidation. Bottom line: as long as the S&P 500 remains above 5600-5670, our long-term outlook remains bullish.

U.S. Dollar (DXY), 10-Year Treasu
Underlyings
Belo Sun Mining Corp.

Belo Sun Mining is a development stage company engaged in the acquisition and exploration of gold properties as well as mining and exploring for minerals. The recoverability of the carrying value of interests in mineral properties and Co.'s continued existence is dependent upon the preservation of its interests in the underlying properties, the discovery of economically recoverable reserves, the achievement of profitable operations, or the ability of Co. to raise additional financing, if necessary, or alternatively upon Co.'s ability to dispose of its interests on an advantageous basis.

CryoLife Inc.

CryoLife is engaged in the manufacturing, processing, and distribution of medical devices and implantable human tissues used in cardiac and vascular surgical procedures for patients with aortic disease. The company has the following product families: BioGlue? Surgical Adhesive products, JOTEC stent grafts and surgical products, On-X mechanical heart valves and surgical products, and implantable cardiac and vascular human tissues. The company's medical devices and preservation services are primarily used by cardiac and vascular surgeons to treat patients with aortic disease, including heart valve disease, and to a lesser extent, other conditions in cardiac and vascular surgery.

ELECTROCORE INC.

FreightCar America Inc.

FreightCar America manufactures railcars and railcar components. The company designs and manufactures a variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The company's Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and railcar rebuilds. The company's products and services include: VersaFlood Hopper Cars, Covered Hopper Cars, Dynastack Series, Steel Products Cars, Boxcars, Aluminum Coal Cars, Stainless Steel and Hybrid Stainless Steel/Aluminum Coal Cars, and Other Railcar Types.

GATX Corporation

GATX is a global railcar lessor. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and property insurance, and provides other ancillary services. The Rail International segment leases railcars pursuant to full-service leases under which it maintains the railcars and provides services according to customer requirements. The Portfolio Management segment leases aircraft spare engines, as well as five liquefied gas-carrying vessels. The American Steamship Company segment provides waterborne transportation of dry bulk commodities such as iron ore, coal, limestone aggregates, and metallurgical limestone.

Gazprom Neft PJSC

Gazprom Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).

Globus Medical Inc Class A

Globus Medical is a medical device company that develops and commercializes healthcare solutions for patients with musculoskeletal disorders. The company provides a portfolio of technologies that are used to treat musculoskeletal conditions of the spine, extremities and pelvis. The company's product categories are: Musculoskeletal Solutions, consisting of implantable devices, biologics, accessories, and surgical instruments used in spinal, orthopedic and neurosurgical procedures; and Enabling Technologies, consisting of computer-assisted intelligent systems designed to improve a surgeon's capabilities and streamline surgical procedures to improve patient care and reduce radiation exposure for all involved.

Greenbrier Companies Inc.

Greenbrier Companies is a holding company. Through its subsidiaries, the company designs, manufactures and markets railroad freight car equipment in North America, Europe, the Gulf Cooperation Council and South America. The company has three segments: Manufacturing, which produces conventional railcars, tank cars, intermodal railcars, automotive and is involved in marine vessel fabrication; Wheels, Repair and Parts, which includes reconditioning of wheels and axles in addition to new axle machining and finishing and downsizing; and Leasing and Services, which includes railcar maintenance management, railcar accounting services, total fleet management, administration and railcar remarketing.

Inogen Inc.

Inogen is a medical technology company that primarily develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The company's proprietary Inogen One? systems concentrate the air around the patient to provide a single source of supplemental oxygen the company markets its existing portable product offerings, the Inogen One G4 and the Inogen One G3, as single solutions for long-term oxygen therapy. The company's solutions can operate on a 24/7 basis for at least 60 months without a stationary concentrator, with minimal servicing of sieve beds, filters, and accessories.

Integra LifeSciences Holdings Corporation

Integra LifeSciences Holdings is a medical devices company engaged in the development, manufacturing, and marketing of surgical implants and medical instruments. The company manufactures and sells its products in the following two reportable business segments: Codman Specialty Surgical, which includes technologies in dural repair, ultrasonic tissue ablation, intracranial cranial pressure monitoring, hydrocephalus management, and cranial stabilization systems; and Orthopedics and Tissue Technologies, which focus on addressing soft tissue, nerve, and tendon repairs as well as reconstruction in the hand, wrist, elbow, shoulder, ankle and foot.

Intuitive Surgical Inc.

Intuitive Surgical develops, manufactures, and markets the da Vinci? Surgical System and the Ion? endoluminal system. The systems consist of a surgeon console or consoles, a patient-side cart, a vision system, and proprietary instruments and accessories. The company's technology is designed to provide surgeons with a range of motion analogous to the motions of a human wrist, while filtering out the tremors inherent in a surgeon's hands. The company's primary platform for robotic-assisted surgery is its family of da Vinci Surgical Systems. The da Vinci Surgical System allows surgeons to operate while seated at an ergonomic console viewing a three-dimensional image of the surgical field.

Medtronic Plc

Merit Medical Systems Inc.

Merit Medical Systems manufactures and markets proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. The company conducts its business through two segments: Cardiovascular, which includes its Peripheral Intervention, Cardiac Intervention, Cardiovascular and Critical Care, Interventional Oncology and Spine and Breast Cancer Localization and Guidance product groups; and Endoscopy, which provides non-vascular stents to treat gastrointestinal and pulmonary disease including AERO?, AEROmini? and AERO DV? Fully Covered Tracheobronchial Stents and Alimaxx-B? Biliary Stent Systems.

Orthofix Medical Inc.

Orthofix Medical is a medical device company focused on musculoskeletal products and therapies. The company manages its business by its four reporting segments: Global Spine, represented by three product categories; Bone Growth Therapies, which manufactures, distributes, and provides support services for bone growth stimulation devices; Spinal Implants, which designs, develops and markets a portfolio of motion preservation and implant products; and Biologics, which provides a portfolio of regenerative products and tissue forms; and Global Extremities, which provides products and solutions that allow physicians to treat a variety of orthopedic conditions unrelated to the spine.

Penumbra Inc.

Penumbra is a healthcare company. The company designs, develops, manufactures and markets medical devices. The company's Neuro products include Penumbra System brand of products that provides a form of mechanical thrombectomy used by specialist physicians to revascularize blood vessels that are blocked by clots in the intracranial vasculature. The company's Vascular products include the Ruby Coil System that consists of detachable coils and is used in clinical applications auch as active extravasations, or the escape of blood into surrounding tissue, selective embolization in patients with visceral aneurysms, embolization in patients with gastrointestinal bleeding, and high flow arterial venous malformations.

STRYKER CORPORATION

Stryker is a medical technology company. The company provides products and services in orthopaedics, medical and surgical, and neurotechnology and spine. The company's Orthopaedics products consist of implants used in hip and knee joint replacements and trauma and extremities surgeries. The company's MedSurg products include surgical equipment and navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices and other medical device products used in a range of medical specialties. The company's Neurotechnology and Spine products include neurosurgical, neurovascular, and spinal implant devices.

Trinity Industries Inc.

Trinity Industries is a provider of railcar products and services in North America. The company has the following reportable segments: Railcar Leasing and Management Services Group, which provides operating leases for freight and tank railcars, as well as originates and manages railcar leases for third-party investors and provides fleet maintenance and management services to industrial shippers; Rail Products Group, which manufactures freight and tank railcars in North America used for transporting a variety of liquids, gases, and dry cargo, and also provides a range of maintenance services and solutions; and All Other, which includes the company's highway products business.

Westinghouse Air Brake Technologies Corporation

Wabtec primarily serves the global freight rail and passenger transit industries. The company provides its products and services through two segments: Freight, which primarily manufactures and provides aftermarket parts and services for new locomotives; provides components for new and existing locomotives and freight cars; builds new commuter locomotives; and supplies rail control and infrastructure products, among others: and Transit, which primarily manufactures and services components for new and existing passenger transit vehicles, mainly regional trains, high speed trains, subway cars, light-rail vehicles and buses; and supplies rail control and infrastructure products, among others.

ZIMMER BIOMET HOLDINGS INC.

Zimmer Biomet Holdings is engaged in musculoskeletal healthcare. The company's products are: Knees, which includes knee replacement surgeries; Hips, which includes hip replacement surgeries; S.E.T., which includes surgical, sports medicine, biologics, foot and ankle, extremities and trauma products; Spine and Craniomaxillofacial and Thoracic, which designs, manufactures and distributes medical devices and surgical instruments, as well as provides face and skull reconstruction products; Dental, which manufactures and/or distributes dental reconstructive implants, dental prosthetic products and dental regenerative products; and Other, which includes bone cement and office based technology products.

Provider
Vermilion Research
Vermilion Research

Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.

Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.

Analysts
Dave Nicoski

Ross LaDuke

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