Report
Dave Nicoski ...
  • Ross LaDuke
EUR 234.63 For Business Accounts Only

Vermilion Int'l Compass: Global Equity Strategy

Opportunity in EM countries

Our cautious outlook and expectation for continued downward pressure on global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves.

• Opportunity in EM. Both a top-down and bottoms-up analysis point to opportunity in EM countries despite the intact downtrend for the MSCI EM index. Additionally, the U.S. dollar appears to be losing its upside momentum, something that should be good news for global equities - and especially EM. Indeed, the majority of today's stock recommendations hail from EM countries.

• Financials/Banks. Our Banking Groups are standouts, particularly within EM countries where broad indexes are attractive from a price perspective.

• Communications/Media. Select Communication stocks appear to be bottoming in China. Additionally, we highlight Media names in Europe with attractive trends.

• Engineering & Construction. Infrastructure development is a critical component for many EM countries, and many stocks within our Engineering & Construction Groups are attractive.

• Transportation. Lower energy costs have done little to bolster Transportation stocks in the U.S. Alternatively, our international Transportation Sector currently holds the #2 Relative Strength Ranking (RSR) out of 12 Sectors. Add selective exposure.
Underlyings
Admiral Group plc

Admiral Group provides motor and household insurance. Co. has four reportable segments: U.K. Insurance, which consists of the underwriting of car insurance, van insurance, household insurance and other products that supplement these insurance policies; International Car Insurance, which consists of the underwriting of car insurance and additional products outside of the U.K., specifically covering Co.'s operations in Spain, Italy, France and the U.S.; Price Comparison, which relates Co.'s price comparison businesses, Confused.com in the U.K., Rastreator in Spain, LeLynx in France and Compare.com in the U.S.; and Other, which includes Co.'s commercial van insurance broker, Gladiator.

AEON Credit Service (M) Berhad

Aeon Credit Service (M) is principally engaged in the provision of easy payment schemes, personal financing schemes and issuance of credit cards under international brand names of Visa and MasterCard. The personal financing schemes and certain easy payment schemes are based on Islamic principles.

AF Gruppen ASA

Kilen Brygge ASSandakerveien 99B KSAF Gruppen ASA is a contracting and industrial company. Through its subsidiaries, Co. is engaged in property, building, civil engineering, environment, and energy businesses in Norway, Sweden, Poland, and the United Kingdom. Co. has divided the business into five operating segments: Civil Engineering, Building, Property, Environment and Energy.

Air France-KLM SA

Air France-KLM is a holding company. Through its subsidiaries, Co. is engaged in transporting passengers and cargo, aeronautics maintenance and other air-transport related activities, including catering and charter services. Co. operates in six geographical regions: Metropolitan France; Europe (except France) and North Africa; Caribbean, French Guiana and Indian Ocean; Africa, Middle East; Americas, Polynesia; and Asia and New Caledonia. Co. organizes its business around the following four segments: Passenger, providing passenger transportation services on scheduled flights; Cargo, transporting freight on flights and selling cargo capacity to third parties; Maintenance, and Other activities.

Alibaba Pictures Group Limited

Alibaba Pictures Group is an integrated cultural corporation with business focus on TV and film production, print media and mobile new media. Co. has built a full range of business structure in China's culture industry and established a series of film and TV companies such as Zhonglian Jinghua, specializing in film and TV production and distribution, art broker, and documentary distribution.

Auckland International Airport Limited

Auckland International Airport provides airport facilities and supporting infrastructure in Auckland, New Zealand. Co. and its subsidiaries have three reportable segments: Aeronautical, which provides services that facilitate the movement of aircraft, passengers and cargo, and provides utility services that support the airport; Retail, which provides services to the retailers within the terminals and provides car parking facilities for airport staff, visitors and passengers; and Property, which is engaged in the rental of space on airport land outside the terminals including cargo buildings, hangars and stand-alone investment properties.

B3 SA - Brasil Bolsa Balcao

B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.

Banco Santander S/A Ord

Bank of India

Bank of India provides various banking products and services in India and internationally. Co. operates through Treasury Operations, Wholesale Banking, and Retail Banking segments. Co. accepts various deposit products, such as saving, current, term, and tax saving deposits; and offers home loans, property loans, education loans, vehicle loans, personal loans, pensioner loans, holiday loans, loans for vocational studies, housing loans to NRIs/ PIOs, trade finance, as well as provides deposit schemes for NRIs. It also offers cash management services, project finance and syndication services, and bullion banking services; credit, debit, and prepaid cards; and other services.

Bank Pembangunan Daerah Jawa Barat dan Banten Tbk PT

PT Bank Pembangunan Daerah Jawa Barat BPD is a local government-owned commercial bank which serves private customers, employees, cooperatives, local enterprises, state enterprises, along with other institutions both governmental and private. In addition to the raising and distributing of funds, Co. offers other banking services such as: mutual funds, bancassurance, trade finance and services treasury products remittances and western union, collection, online BPDnet, pension fund, inter-regional transfer clearing, guarantee bank, safe deposit box facilities, mobile banking, customer service priority partners, fee payment services Hajj, weekend banking services and mobile cash service.

BDO Unibank Inc.

BDO Unibank is a universal bank. Co. is engaged in providing a range of industry products and services including Lending (corporate, middle market, SME, and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management and Remittances in the Philippines. Through its subsidiaries, Co. provides Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage and Stock Brokerage services. Co.'s operating segments include: Commercial banking, Investment banking, Private banking, Leasing and Financing, and Others.

Canare Electric Co. Ltd.

Canare Electric is a manufacture mainly engaged in the manufacture and sale of cables, harnesses, connectors and its equipment (passive and electron) for professional audio and video industries. Co.'s principal products include fiber-optic systems such as converters, optical converters, power supply units, camera cables, camera cable assemblies, camera conversion cables and camera connector panels; connectors such as BNC connectors, triaxial connectors, phone plugs, F connectors, multi-pin coaxial connectors, cable stripper, crimp tools and impedance transformers; and cables such as eco-cables, star quad microphone cables, two-conductor shielded cables and speaker cables.

Capitec Bank Holdings Limited

Capitec Bank a bank controlling company.Through its subsidiaries, Co. is engaged in providing banking services and provides savings, transacting and un–secured lending products to individuals. Co. provides a nationwide network of 668 branches and 3,418 Automated Teller Machines at which clients can gain access to its banking services. As of Feb 28 2015, Co.'s total assets amounted to R53 916 475,000.

Central China Land Media (A)

Jiaozho Xin'an Science & Technology is engaged in the manufacture of chemicals such as sodium carbonate, both high-grade and heavy-weighted sodium carbonate, light-weighted calcium carbonate, oxidized calcium, and chemistry re-agent. Co. is also engaged in the installation of chemistry re-agent, manufacture and sale of medicine and supply coal gases.

Changjiang Publishing and Media (A)

Changjiang Publishing & Media is engaged in the manufacture, processing and sale of textile products, apparel and household textile products and its raw and auxiliary materials; management and undertaking of approved commodities; import and export operation; development and management of real estate; and undertakings of Chinese-foreign joint venture management and cooperative production. Co.'s products include cotton yarn, wool yarn, cotton, thread, grey cloth, printing cloth, wool fabric, casual attire, sweaters, trousers, professional attire and bedding.

China Railway Construction Corporation Limited Class H

Chinese Universe Publishing & Media Group Co. Ltd. Class A

Jiangxi Xinxin Industrial is engaged the manufacture of passenger car, generator, and copper wire and pipe used for electrical appliances; the manufacture and process of automobile parts, cooper products, and non-ferrous metal material; the wholesale and retail of non-ferrous metal material and products; the provision of automobile transportation services; the export of self-produced products and technologies; and the import of raw material, machinery equipment, instrument, spare part and technologies needed for Co.'s production and research and development. In addition, Co. is also engaged in the development and management real estate and road and bridge construction.

Corporation Bank

Corporation Bank Ltd. Corporation Bank Limited, formerly Corporation Bank, is engaged in lending and borrowing activities. The Bank's segments include Treasury Operations, Wholesale Banking, Retail Banking and Other Banking Operations. The Bank offers personal, corporate, non-resident Indian (NRI) and priority banking products and services. Its personal products and services include saving accounts, deposits, loans, cards, Forex, investments, remittance, tax and pensions, and insurance. Its personal loans include Corp Home, Corp Personal, Corp Vehicle, Corp Vidya, Corp Mortgage, Padho Pardesh Scheme, Corp Rental, Corp Professional, Corp Vyapar, Corp Shubha Vivah, Corp Apni Dukan and Corp Skill Loan. Its corporate products and services include current accounts, cash management, financing, Forex and payroll account. Its NRI products and services include saving accounts, term deposits, loans and remittance. Its NRI loans include CORP Home Premium NRI, CORP Vehicle, CORP Ghar Shobha and CORP Mortgage.

DL Holdings Co. Ltd.

Daelim Industrial is engaged in international engineering and construction contracting including gas, petroleum refining, chemical and petrochemical, power and energy, public building and housing, civil works as well as industrial facilities. Co. is also engaged in the field of industrial plant design and construction. Co.'s performance reaches the the field of nuclear and thermal power plants, desalination plants, petrochemical plants, refineries, fertilizer plants, oil and gas treatment facilities as well as cement plants, cross-country pipelines and other industrial plants.

EcoRodovias Infraestrutura e Logistica SA

EcoRodovias Infraestructura e Logistica is engaged in operating intermodal logistics assets, by operating highway concessions, and operating logistics activities, such as back-up areas, bonded warehouses, distribution centers, port terminals, among others, and holding interests in other companies engaged in services related to its core business.

Equity Trustees

Equity Trustees is engaged in the provision of a range of financial services to clients of the Private Wealth Services (PWS) and Corporate Fiduciary & Financial Services (CFFS) business units. Co.'s PWS business unit is engaged in the provision of personal financial and superannuation services, including in relation to personal estates and trusts, wealth management, asset management, aged care services, and portfolio services. Co.'s CFFS business unit provides responsible entity trustee services for managed funds on behalf of local and international managers and sponsors.

Eva Airways Corporation

EVA Airways is engaged in fixed-wing aircraft transport, scheduled air transport, and nonscheduled air transport; freight agent; the repair and maintenance of fuselages, aircraft engines, navigational instruments and related equipment; marketing of aircraft facilities, equipment, and fittings; processing and manufacturing machinery and spare parts; publishing magazines; providing on-the-job training; maintaining flying facilities for navigational training; import and export; provision of consultant services, general advertising services, and general merchandise activities. As of Dec 31 2005, Co.'s total passengers amounted to 5,904,419 and a total of 51 aircrafts.

Federal Bank Ltd.

Federal Bank is a commercial banking entity based in India. Co. is engaged in offering its customers private and commercial banking, leasing and merchant banking services, through its head office in Aluva and its 422 branches. Co. maintains a full range of delivery channels including, Internet Banking, Mobile Banking and Alerts, Any Where (Branch) Banking, Interconnected Visa enabled ATM network, E-mail Alerts, Telephone Banking and a Centralised customer Call Centre with toll free number. Co. offers its customers 24 hour banking service from various service channels. As of Mar 31 2003, Co.'s total assets and deposits amounted to IRs122,011,685,000 and IRs109,460,167,000, respectively.

First Abu Dhabi Bank P.J.S.C.

Fomento de Construcciones y Contratas S.A.

Fomento de Construcciones y Contratas is the parent company of a group engaged in sanitation services, cleaning, maintaining, purification and distribution of water, construction of highways, hydraulic works, marine works, air and rail transport infrastructure, urban developments, housing, non-residential buildings, office buildings, toll highways, parking garages, marinas and water treatment plants. Co. is also engaged in the manufacture and sale of cement and cement infrastructures, such as precast concrete elements; and in the financial markets, and real estate development, leasing and tourism.

Hong Leong Bank Bhd.

Hong Leong Bank is principally engaged in the provision of services in personal financial services, business banking and trade finance, treasury, branch and transaction banking, wealth management, investment banking, private banking and Islamic financial services. Co. operates within seven business segments: group consumer banking; group business banking; global markets; investment banking; takaful; overseas associate; and overseas joint controlled entity. As of June 30 2011, Co. had total assets of RM145.42 billion and total deposits of RM114.86 billion.

Hunan TV & Broadcast Intermediary (A) (SC SZ)

Hunan TV & Broadcast Intermediary is engaged in the production, release and sale of film and television programs; design, production and release of domestic and foreign advertisements; acting as an agent for domestic and foreign advertisement businesses; advertisement planning; sale of advertisement products; electronic commerce; provision of cable television network and information communication services; publishing and release of audiovisual products; tourism development; provision of entertainment and dining services; and trading businesses. Through its subsidiaries, Co. is also engaged in the provision of financial consultation services; assets management; and industrial investments.

International Container Terminal Services Inc.

International Container Terminal Services is an international operator of common user container terminals serving the global container shipping industry. Co.'s business is the acquisition, development, operation and management of container terminals focusing on facilities with total annual throughputs ranging from 50,000 to 2,500,000 twenty-foot equivalent units (TEUs). Co. also handles break bulk cargoes (BBC) and provides a number of ancillary services such as storage, container packing and unpacking, inspection, weighing, and services for refrigerated containers or reefers. Co. is involved in approximately 29 terminal concessions and port development projects in 21 countries worldwide.

Itau Unibanco Holding SA ON

KEC International Ltd.

KEC International is engaged in the design, manufacture, construction and erection of power transmission lines and related towers in India and other countries. In addition, Co. is engaged in the manufacture and sale and/or resale of petrochemicals including methyl ethyl ketone and isopropyl alcohol. Co. also provides investments and financial services.

Keihan Holdings Co. Ltd.

Keihan Holdings is mainly engaged in the transportation business, distribution business, and others. Co. operates in five business segments. The Transportation segment provides railway, bus, and taxi transportation services. The Real Estate segment is engaged in the sale and leasing of land and real estate. The Retail segment is engaged in the operation of department stores and stores. The Leisure and Service segment is involved in the operation of hotels, restaurants, amusement park, and golf course. The Other segment is engaged in the provision of credit card services, equipment work, landscaping, measurement and designing services.

Keio Corporation

Keio is mainly engaged in the transportation business. Route of Co.'s train is constructed by "Keio Line" originating from Shinjuku Station and "Inokashira Line" originating from Shibuya, extending to western part of Tokyo and northern Kanagawa Prefecture, with total length of 84.7 km and 69 railway stations as of Mar 31 2017. Co. is engaged in the operation of railroads, buses and taxis, department stores, shops, station kiosks and shopping centers; the sale and lease of real estates; and the operation of restaurant, sports facilities and hotels, as well as general building management and automobile maintenance.

KNR Constructions

KNR Constructions Limited. KNR Constructions Limited is an India-based holding company. The Company is a multi-domain infrastructure project development company. The Company undertakes engineering, procurement and construction (EPC) contracts, as well as build-operate-transfer (BOT) projects across various sectors, such as construction and maintenance of roads, highways, flyovers and bridges. Its range of verticals also include irrigation projects, water management, agriculture and trading business. It has completed approximately 5,890 kilometers of projects across over 10 states in India. Its urban water infrastructure management project is Challaghatta Main Valley Project, which involves the remodeling of primary and secondary storm drains, bridges/culverts and related works in Challaghatta Main Valley in Bangalore City. The Company's irrigation and water management projects include Shankara Samudram Balancing Reservoir, Eastern Kosi Canal system, Reservoir across Mathadivagu and Budpur Balancing Reservoir.

LATAM Airlines Group SA

LATAM Airlines Group is a passenger airline group in South America and the main air cargo operator in the region. Co. provides domestic and international passenger services in Chile, Peru, Ecuador, Argentina, Colombia and Brazil. Co. carries out its cargo operations through the use of belly space on its passenger flights and dedicated cargo operations using freighter aircraft through its cargo airlines in Chile, Brazil, Colombia and Mexico. Co. offers service to 84 additional destinations in North America, 46 additional destinations in Europe, 22 destinations in Australasia, 9 destinations in Asia and 4 destinations in Africa.

Masraf Al-Rayan QSC

NOS SGPS SA

Nos SGPS is a holding company which is based in Portugal. Through its subsidiaries, Co. operates as a provider of telecommunications and media services. Co.'s subsidiaries main activities are data transmission, cable and satellite television, and internet services.

Novorossiysk

Novorossiysk Commercial Sea Port Pubjt Stock Co. is an operator of marine port terminals. Co. provides a range of stevedoring services for transshipment of all types of cargo, including liquid, bulk, general cargo and container cargo, and also provides additional port services and auxiliary port fleet services. Co.'s ports are located at the crossroads of international transport corridors that connect Russia to countries on the Mediterranean Sea, the Middle East, North Africa, Southeast Asia and North and South America. Co.'s main customers are several industrial companies in the resource and manufacturing sectors.

PT Bank Negara Indonesia (Persero) Tbk Class B

P. T. Bank Negara (Indonesia) is engaged in the operation of segments representing the key customer and product groups as follows: Corporate, which includes loans, deposits and other transactions and balances with corporate customers; Commercial and Small, which includes loans,deposits and other transactions and balances with small the middle size of customers; Consumer and Retail, which includes consumer loan; Head Office, which represents centralized services for other segments; and Subsidiaries, which includes transactions in sharia banking, insurance, consumer financing and securities. As of Dec 31 2014, Co. had total assets of Rp416.60 trillion and total deposits of Rp300.30 trillion.

Qatar International Islamic Bank

Qatar Islamic Bank

REC Limited

Rural Electrification is engaged in the financing and promotion of rural electrification projects in India. Co. provides financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects sponsored by them. Co. provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its corporate office located at New Delhi and 20 field units, which are located in most of the India. The project offices in the Indian states coordinate the programs of Co.'s financing, facilitating in the formulation of schemes, loan sanction and disbursement and implementation of schemes.

Rumo SA

Rumo SA, formerly ALL America Latina Logistica SA, is a Brazil-based company primarily engaged in the transport and logistics sector. The Company's activities are divided into three business segments: North operations, which includes railway concessions hold by ALL Malha Norte and ALL Malha Paulista; South operations, which comprises railway concessions hold by ALL Malha Sul and ALL Malha Oeste, and Container operations, which focuses on the railway freight transportation of containers. The Company offers transportation of agricultural commodities, fuel and final goods, intermodal freight transport, integrated warehousing services, port operations and handling of merchandises, among others. In addition, it develops logistics projects for newly created businesses in the industrial and agricultural commodities industry.

Schibsted Asa Class A

Schibsted is engaged in the media industry and has four segments: Online classifieds, which include the Norwegian online marketplace and operations outside Norway; Schibsted Norge media house, which includes the media houses VG, Aftenposten, Bergens Tidende, Stavanger Aftenblad and Faedrelandsvennen, printing and distribution operations, and the publishing house Schibsted Forlag; Schibsted Sverige media house, which includes media houses Aftonbladet and Svenska Dagbladet and a portfolio of internet-based growth companies; and Media Houses International, which includes of free newspapers 20 Minutes in Spain and France and Eesti Meedia Group comprising of operations in the Baltic States.

SG Holdings Co. Ltd.

Shanghai Tunnel Engineering Co. Ltd. Class A

Shanghai Tunnel Engineering is engaged in the undertakings of civil engineering construction projects, tunnel and urban construction roads and bridges, traffic, fire control and underground works; self-operation and acting as agent for import and export of various commodities and technologies; processing of imported materials; operation of counter trade and entrepot trade, approved international economic and technical cooperative businesses; manufacture, installation and leasing of machineries and equipments; provision of car repair services and internal transportation; and the building of branch offices.

Sofina SA

SOFINA is an investment company whose portfolio consists of shareholdings in various companies. Co. manages a portfolio of long-term and short-term investments. Its portfolio comprises investments in companies which are active in sectors such as: Energy and Services (GDF Suez, Suez Environnement, bioMerieux and Exmar); Retail (Colruyt, Delhaize); Consumer goods (Danone, Rapala, B & W Group, and Chapoutier); Satellite operators (SES); Finance Companies (Eurazeo, Caledonia, Luxempart, RAB Capital); Industry (Petit Forestier, Landis + Gyr, Carbone Lorraine and Deceuninck) and Alternative assets (Private equity, Hedge funds).

Standard Bank Group Limited

Standard Bank Group is a financial services company. Co.'s business units include: Personal & Business Banking, which comprised of Mortgage lending, Instalment sale and finance leases, Card products, Transactional and lending products, and Bancassurance and wealth; Corporate & Investment Banking, which comprised of Global markets, Transactional Products and services, Investment banking, and Real estate and principal investment management; Liberty, which include life insurance and investment management activities; and Central and other, which include the Tutuwa initiative, group hedging activities, group capital instruments and group surplus capital and strategic acquisition costs.

Swiss Life Holding AG

Swiss Life is a holding company, engaged in providing life insurance and pension solutions and services. Co.'s segments include: Switzerland, France, Germany, International, Asset Managers, and Other. Co.'s Switzerland, France, Germany and International segments primarily consist of life insurance operations and distribution units. The life insurance operations provides a range of life, pension, health, annuity and investment-type policies to both groups and individuals, including disability coverage. Co. focuses primarily on life and pensions in Switzerland, France and Germany and on cross-border business from Liechtenstein, Luxembourg and Singapore.

Taiwan Cooperative Financial Holding Co. Ltd.

Taiwan Cooperative Financial Holding Co.,Ltd. is a Taiwan-based financial holding company. The Company is mainly engaged in the investment of domestic and foreign financial related businesses, as well as the management of its invested business. The Company's mainly approves general business items handled by commercial banks in accordance with law. The Company operates its businesses in domestic market and overseas markets, such as Europe, the Americas, Australia, Southeast Asia and mainland China.

Taiwan High Speed Rail Corporation

Taiwan High Speed Rail Corporation is a Taiwan-based company principally engaged in the operation of high-speed railways and ancillary businesses. The Company mainly provides high-speed rail passenger services. The Company is also involved in commercial space rental, station attached parking, media sales, retailing, cart sales and other ancillary businesses. The Company operates its businesses in domestic market.

Union Bank of India

Union Bank of India operates through more than 4000 branches across the country. Co. serves its clients' need of saving maximization by offering specialized deposit products like current deposit, term deposit and flexi deposit. Co. offers products and services such as working capital finance, term loan, infrastructure finance, line of credit and many more. Co.'s Government Business Division offers a bouquet of products for its customers: Pension payments, Collection of various Taxes, Deposit Schemes like Senior Citizens Deposit Scheme & Public Provident Fund Accounts, Investment opportunities in Government Bonds, Old age security Schemes like the New Pension System.

Wolters Kluwer NV

Wolters Kluwer operates through four divisions: Health is a global provider of information for medical and health professionals; Financial & Compliance Services is a U.S. provider risk management, compliance, finance, and audit professionals the services they need to optimize risk and business performance, and ensure compliance with local, regional, and global regulation; Tax & Accounting is a provider of tax, accounting, and audit information, and services; and Legal & Regulatory provides customers with expert content, software, and services in the areas of law, business, and regulatory compliance in Europe, North America and Asia Pacific.

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

Other Reports on these Companies
Other Reports from Vermilion Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch