Vermilion Macro Vision: Materials Sector Synopsis
Materials Sector: Overweight. On review for a potential downgrade to market weight. Many of the industrial metals are showing increasing signs of peaking. Once again foreign related names top the leadership within this Sector as Group MA-18 Forest Products, Paper and Packaging, Non-U.S. is leading. Attractive names include: UPMKY, SEOAY, SPPJY and HAIPF. Group MA-03 Metals Specialty continues to be a leadership group. Names we find technically attractive are: KRO, ATI, CRS and USAP. Group MA-06 is breaking to new price and RS highs. Attractive names include: BASFY, DOW, DD, LYB, EMN, FMC, ASH, and HUN. Group MA-08 Specialty Chemicals, Large-Cap is breaking to historical price highs and RS has reversed to the upside. Names we find technically attractive are: AIQUY, PX, AKZOY, ALB, and NEU. Group MA-09 Specialty Chemicals, Small-Cap remains a leadership group. Many of these are breaking to multiyear highs. Names we like include: OLN, CC, UNVR, NGVT, KWR, VHI, TROX, ASIX, and KMGMA-10, Plastics, Polymers & Resins is reversing a multi-year RS downtrend and is close to breaking to 13-year highs. Attractive names include: POL, TSE, SCL, KRA, CXDC, and CMT. Group MA-13, Adhesives and Coatings, remains a long-term leadership group with many names remaining in long-term price and RS uptrends. Attractive names include: MMM, PPG, AKZOY, VAL, AXTA, AVY, FUL, GCP, FOE, and CCF. Group MA-16, Forest Products, Diversified is breaking topside a 20-year base and RS continues to plot new highs as well. Attractive names include WY, IP, LPX, BCC, EVA and POPE.
See attachment for complete sector synopsis.
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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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