Vermilion Macro Vision: Technology Sector Synopsis
Technology Sector: Overweight. It's not cheap. It's not close to support. It's not, according the media, supposed to advance higher. But Tech still is an intact leader, ranking just behind Health Care in our relative strength rankings. Accordingly, as long as they uptrends—price and relative strength—remain intact, we remain overweight.Internally, leadership is spread across most Groups. Within semis, most trends remain intact. Though many have placed too much distance between themselves and their 200-day moving averages to recommend right now. Several names that have “adequately†pulled back include: TXN, SWKS, MXIM, ASX, QRVO, MRVL, ON, SPIL, and CY. Our Software Groups are rich in base breakouts and bullish inflections: ORCL, SYMC, RHT, CTXS, CA, WDAY, CDK, VMW, ULTI, SSNC, TYL, PFPT, CVLT, ACIW, FEYE, HUBS, IMPV, PCTY, and QLYS.
ACI Worldwide develops, markets, installs, and supports a range of software products and solutions primarily focused on facilitating real-time electronic payments. The company's payment capabilities, technologies, and solutions are marketed under the brand name Universal Payments. In addition to its own products, the company distributes, or acts as a sales agent for software developed by third parties. These products and services are used globally by banks, financial intermediaries, and a range of transaction-generating endpoints, including automated teller machines, merchant point-of-sale terminals, bank branches, mobile phones, tablets, corporations, and internet commerce sites.
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.
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