Vermilion Macro Vision: Manufacturing Sector Synopsis
Manufacturing Sector: Overweight. Our Industrial Diversified Large-Cap Group continues to exhibit leadership characteristics. Names we find technically attractive are: SIEGY, MMM, HON, UTX, ABB,ITW, PHG, IR and PNR. There are a number of Aero Defense related names that continue to plot in an up and to-the-right trajectory. Some of our favorite technically attractive names are: BA, LMT, GD, RTN NOC, HII, COL, HRS, LLL, ESLT, TDY, DGI, CUB, RAVN, CMTL, and DCO. Group MF-12 Auto Parts, Large-Cap and Small-Cap do have a few technically attractive names, but there is an underlying concern regarding record automobile inventories. Names that remain technically attractive include: ETN, DLPH, LEA, BWA, ADNT, WBC, VC, DORM, MTOR, THRM, FOXF, BLDP, MPAA, and SRI. Our Group MF-14 Trucks and Components continues to exhibit leadership characteristics. Names we like include: CMI, ALSN, OSK, WNC, RUSHA, CYD, BLBD, RUSHB, STS and CVGI. Group MF-16 Construction Equipment continues to move from the lower left to the upper right. Names we find attractive are: CAT, CAE, TEX, RUSHA, ALG, NC, GENC and MNTX. Group MF-17 Agricultural Equipment remains a leadership group with technically attractive names such as: DE, CNHI, AGCO, VMI, LNN, and TITN. Group MF-21 has been a long-term secular leadership group and we do not see any changes in that. Attractive names include ROP, FTV, ROK, AME, BMI, and KTEC. Group MF-27 Roller and Ball Bearings is another leadership group and is being led by: SKFRY, TKR, ROLL, NPO, and NNBR. MF-31 Building Products and Fixtures is benefitting from a stronger housing market and has sufficiently healy technical patterns. Attractive names include: WOSYY, MAS, OC, BECN, AWI, DOOR, TREX, BLD, BLDR, IBP, AMWD and GMS. Group MF-37 Engineered Metals/Materials is exhibiting major bases followed by breakouts. Attractive names include LECO, CR, VMI, B, MLI, IIVI, MCRN, HSC, BRSS and HNH.
See attachment for complete synopsis.
For a trial to Vermilion Technical Research call (952) 922-7500, or visit our website at: www.vermilioncap.com
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.