Report
Dave Nicoski ...
  • Ross LaDuke
EUR 46.93 For Business Accounts Only

Vital Signs: Actionable charts

Key Points:

• A number of Auto Component suppliers are showing signs of possible bottoms and reversals.

• Offshore oil drillers continue to develop positively. Long-term trends are attractive.

• The industrial Manufacturing Sector is increasingly showing positive inflections.

• Communication equipment and electronic component suppliers continue to develop positively.
Underlyings
Acuity Brands Inc.

Acuity Brands is a provider of lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications. The company's lighting and building management solutions include devices such as luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers, as well as integrated systems designed for various indoor and outdoor applications. In addition, the company provides services across applications that primarily relate to monitoring and controlling lighting and building management systems through network technologies and the commissioning of control systems.

Agilent Technologies Inc.

Agilent Technologies is engaged in life sciences, diagnostics and applied chemical markets. The company's segments are: Life Sciences and Applied Markets Business, which provides instruments and software that enable customers to identify, quantify and analyze the physical and biological properties of substances and products; Diagnostics and Genomics Business, which includes the genomics, nucleic acid contract manufacturing and research and development, pathology, companion diagnostics, reagent partnership and biomolecular analysis businesses; and Agilent CrossLab Business, which spans the entire lab with its consumables and services portfolio to improve customer outcomes.

Allergan plc

AMERICAN AXLE & MANUFACTURING HLDGS

American Axle & Manufacturing Holdings is a supplier to the automotive industry. The company designs, engineers and manufactures driveline and metal forming products. The company's business is organized into Driveline and Metal Forming segments. Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems. Metal Forming products consist primarily of axle and transmission shafts, ring and pinion gears, differential gears and assemblies, connecting rods and variable valve timing products.

Barnes Group Inc.

Barnes Group provides engineered products, industrial technologies, and solutions. The company's products and services are used in applications including aerospace, transportation, manufacturing, automation, healthcare, and packaging. The company's segments are: Industrial, which provides precision components, products and systems for critical applications serving various customer base in end-markets such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices; and Aerospace, which manufactures fabricated and precision machined components and assemblies for turbine engines, nacelles and structures for both commercial and military aircraft.

Caterpillar Inc.

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company segments include: Construction Industries, which supports customers using machinery in infrastructure, forestry and building construction; Resource Industries, which supports customers using machinery in mining, heavy construction, quarry and aggregates, waste and material handling applications; Energy and Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat? machines; and Financial Products, which provides financing and related services.

Ciena Corporation

Ciena is a networking systems, services and software company, providing solutions that enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. The company provides hardware, software and services that support the transport, switching, aggregation, service delivery and management of video, data and voice traffic on communications networks. The company's solutions are used by communications service providers, cable and multiservice operators, Web-scale providers, submarine network operators, governments, enterprises, research and education institutions and other network operators.

Coherent Inc.

Coherent is a provider of lasers, laser-based technologies and laser-based system solutions in a range of commercial, industrial and scientific applications. The company reporting segments are: OEM Laser Sources (OLS) and Industrial Lasers and Systems (ILS). The company's OLS business segment is focused on laser sources and optical sub-systems primarily used in microelectronics manufacturing, medical diagnostics and therapeutic medical applications, as well as in scientific research. The company's ILS business segment delivers laser sources, sub-systems and tools used for industrial laser materials processing, serving end markets like automotive, machine tool, consumer goods and medical device manufacturing.

Compass Minerals International Inc.

Compass Minerals International is a holding company. Through its wholly owned subsidiaries, the company is a provider of minerals, including salt, secondary nutrients and micronutrients, and specialty chemicals. The company has three reportable segments: Salt, which produces, markets and sells salt and magnesium chloride and sodium chloride; Plant Nutrition North America, which includes sales of sulfate of potash specialty fertilizer and specialty plant nutrients; and Plant Nutrition South America, which manufactures, distributes and markets an array of specialty plant nutrients and supplements developed and formulated from primary and secondary nutrients, specialty plant nutrients and biostimulants.

Corning Inc

Corning is a provider of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community; and other technologies. The company reportable segments are: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.

Dana Incorporated

Dana is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. The company's operating segments are: Light Vehicle Drive Systems, which include light trucks (full frame), sport utility vehicles, crossover utility vehicles, vans, and passenger cars; Commercial Vehicle Drive and Motion Systems, which include medium duty trucks, heavy duty trucks, buses, and specialty vehicles; Off-Highway Drive and Motion Systems, which iinclude construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary; and Power Technologies, which include medium/heavy vehicle market, and off-highway market.

Donnelley Financial Solutions Inc.

Donnelley Financial Solutions is a risk and compliance solutions company. The company provides regulatory filing and deal solutions via its software-as-a-service, print and distribution solutions to public and private companies, mutual funds and other regulated investment firms. For corporate clients within its capital markets offerings, the company provides filing solutions that allow U.S. public companies to comply with applicable U.S. Securities and Exchange Commission regulations. The company operates in two business segments: U.S, which is comprised of capital markets, investment markets, and language solutions; and International, which includes operations in Asia, Europe, Canada, and Latin America.

Enanta Pharmaceuticals Inc.

Enanta Pharmaceuticals is a biotechnology company that creates small molecule drugs primarily for the treatment of viral infections and liver diseases. The company's wholly owned research and development programs are in virology, namely respiratory syncytial virus and hepatitis B virus, and in liver disease (non-virology), namely non-alcoholic steatohepatitis and primary biliary cholangitis. Through its Collaborative Development and License Agreement with AbbVie Inc (AbbVie), the company has discovered and out-licensed to AbbVie two protease inhibitor compounds that have been clinically tested, manufactured, and commercialized by AbbVie for the treatment of hepatitis C virus.

Finisar Corporation

Finisar is engaged in optical communications, providing components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics and automotive companies. The company's optical subsystems consist primarily of transmitters, receivers, transceivers, transponders and active optical cables, which provide the optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks as well as the antennas and base stations used in wireless networks. The company also provides products known as wavelength selective switches.

Integer Holdings Corporation

Integer Holdings is a medical device outsource manufacturing company. The company provides medical technologies and develops batteries for applications in energy, military, and environmental markets. The company's brands include Greatbatch Medical?, Lake Region Medical? and Electrochem?. The company organizes its business into two reportable segments, Medical and Non-Medical, and derive its sales from four principle product lines. The Medical segment includes the Cardio & Vascular, Cardiac & Neuromodulation and Advanced Surgical, Orthopedics & Portable Medical product lines and the Non-Medical segment is comprised of the Electrochem product line.

Matrix Service Company

Matrix Service provides engineering, fabrication, infrastructure, construction, and maintenance services. The company's segments are: Electrical Infrastructure, which consists of power delivery services provided to investor owned utilities; Oil Gas and Chemical, which serves customers who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids; Storage Solutions, which consists of work related to aboveground storage tanks and terminals; and Industrial, which consists of work for integrated iron and steel companies, main mining and minerals companies engaged in the extraction of copper, as well as companies in other industries.

Momenta Pharmaceuticals Inc.

Momenta Pharmaceuticals is a biotechnology company focused on the discovery and development of biologic therapies for the treatment of rare immune-mediated diseases. The company's programs include: M281, which is a fully-human anti-neonatal Fc receptor (FcRn), aglycosylated immunoglobulin G (IgG1), monoclonal antibody, designed to reduce circulating human immunoglobulin G (IgG) antibodies by completely blocking endogenous IgG recycling via FcRn; M230, which is a recombinant trivalent human IgG1 Fc multimer; and M254, which is a hyper-sialylated immunoglobulin designed as a high potency alternative to IVIg, a therapeutic drug product that contains pooled, IgG antibodies purified from blood plasma.

Motorcar Parts of America Inc.

Motorcar Parts of America is a supplier of automotive aftermarket non-discretionary replacement parts and diagnostic equipment. The company's non-discretionary replacement parts are sold to automotive retail chain stores and warehouse distributors throughout North America and to main automobile manufacturers for both their aftermarket programs and warranty replacement programs. The company's hard parts portfolio includes: rotating electrical products such as alternators and starters, wheel hub assemblies and bearings, and brake master cylinders. The company's diagnostic equipment portfolio includes: bench top alternator and starter testing, production alternator and starter, and alternator and starter endurance.

Noble Corporation plc

OFG Bancorp

OFG Bancorp is a financial holding company. Through its subsidiaries, the company provides banking and financial services to its clients through a range of banking and financial solutions. The company's business segments include: Banking, which provides deposits and commercial, consumer and mortgage loans, and mortgage banking activities; Wealth Management, which include financial planning, money management, investment banking, brokerage services, insurance sales activity, corporate and individual trust, and retirement services, as well as retirement plan administration services; and Treasury, which encompasses all of the company's asset/liability management activities.

PROG Holdings Inc.

Aaron's is a provider of lease-purchase solutions. The company primarily provides consumers with lease-purchase solutions for the products they need and want including furniture, appliances, electronics, jewelry and other products. The company conducts its business through three operating segments: Progressive Leasing, a virtual lease-to-own company that provides lease-purchase solutions; Aaron's Business, which engages in the sales and lease ownership and retailing of furniture, home appliances, consumer electronics and accessories through its stores in several states, Canada and Puerto Rico, as well as its e-commerce platform, Aarons.com; and Dent-A-Med, Inc., which provides a variety of credit products.

Range Resources Corporation

Range Resources is a holding company. Through its subsidiaries, the company is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, located in the Appalachian and North Louisiana regions of the United States, primarily in the Marcellus Shale in Pennsylvania and the Lower Cotton Valley formation in Louisiana.

Regal Beloit Corp

Regal Beloit is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The company is comprised of four operating segments: Commercial Systems, which produces AC and DC motors, electronic variable speed controls, fans, and blowers for commercial applications; Industrial Systems, which produces motors, generators, alternators and switchgear for industrial applications, along with aftermarket parts and kits to support such products; Climate Solutions, which produces small motors, electronic variable speed controls and air moving solutions; and Power Transmission Solutions, which produces, sells and services belt and chain drives.

Rogers Corporation

Rogers designs, develops, manufactures and sells engineered materials and components. The company's segments are: Advanced Connectivity Solutions, which designs, develops, manufactures and sells circuit materials and solutions enabling connectivity for applications in wireless infrastructure, automotive, aerospace and defense, connected devices, and wired infrastructure; Elastomeric Material Solutions, which designs, develops, manufactures and sells engineered material solutions such as polyurethane and silicone materials used in cushioning; and Power Electronics Solutions, which designs, develops, manufactures and sells ceramic substrate materials, busbars and cooling solutions.

Rowan Cos. Plc Class A

SVB Financial Group

SVB Financial Group is a financial services company, as well as a bank holding company and a financial holding company. The company provides commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank. The company has three segments: Global Commercial Bank, which comprises of its Commercial Bank, its Private Equity Division, SVB Wine, SVB Analytics and its Debt Fund Investments; SVB Private Bank, which provides a range of personal financial solutions for consumers; and SVB Capital, which focuses primarily on funds management.

Transocean Ltd.

Viavi Solutions Inc

Viavi Solutions is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company operates the following business segments: Network Enablement, which provides testing solutions that access the network to perform build-out and maintenance tasks; Service Enablement, which provides embedded systems and enterprise performance management solutions; and Optical Security and Performance Products, which designs, manufactures, and sells products targeting anti-counterfeiting, consumer and industrial, government, healthcare and other markets.

Walgreens Boots Alliance Inc

Walgreens Boots Alliance is a holding company. Through its subsidiaries, the company is engaged in retail and wholesale pharmacy. The company's operations are organized into three divisions, which are also its reportable segments: Retail Pharmacy USA; Retail Pharmacy International; and Pharmaceutical Wholesale. The Retail Pharmacy USA division has pharmacy-led health and beauty retail offerings. The Retail Pharmacy International division has pharmacy-led health and beauty retail businesses. The Pharmaceutical Wholesale division, which mainly operates under the Alliance Healthcare brand, supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers and hospitals.

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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