Report
Dave Nicoski ...
  • Ross LaDuke
EUR 47.02 For Business Accounts Only

Vital Signs: Actionable charts

Key Points:

Many health care names are staging reversals and breaking above bullish bases, including IVC, CUTR, VREX, EHC, SEM, AMED, MD, HAE, RGEN, BIO, LCI, PBH,

Semiconductor and semi-suppliers continue to be leadership (ex. ACLS, VECO, COHU, QRVO, SWKS, SYNA, CRUS, SMTC, QCOM)

A number of auto component suppliers appear to be bottoming (ex. AXL, DAN, BWA)
Underlyings
Advanced Energy Industries Inc.

Advanced Energy Industries designs, manufactures, sells and supports power conversion products that convert power into various usable forms. The company's products enable manufacturing processes that use thin film technology for products such as semiconductor devices, flat panel displays, thin film renewables, architectural glass, optical coating and consumer products decorative and functional coating. The company also supplies thermal instrumentation products for temperature measurement and control for multiple industrial markets. The company's network of global service support centers provides repair services, conversions, improvements, and refurbishments and used equipment to companies using its products.

Amedisys Inc.

Amedisys is a healthcare services company focused on providing care in the home. The company's operations involve servicing patients across the United States through its operating divisions: home health, hospice and personal care. The company's Home Health segment provides healthcare to help its patients recover from surgery or illness, live with chronic diseases, and prevent avoidable hospital readmissions. Hospice care is designed to provide comfort and support for those who are dealing with a terminal illness such as heart disease, pulmonary disease, Alzheimer's or cancer. Personal care provides assistance with the activities of daily living.

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.

AMERISAFE Inc.

Amerisafe is an insurance holding company. The company provides workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. The company provides coverage to employers under state and federal workers' compensation laws, which prescribe wage replacement and medical care benefits that employers are obligated to provide to their injured employees in the course and scope of their employment. The company's workers' compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses.

Applied Industrial Technologies Inc.

Applied Industrial Technologies is a distributor of bearings, power transmission products, fluid power components and systems, specialty flow control solutions, and other industrial supplies, operating in North America, Australia, New Zealand, and Singapore. In addition, the company provides engineering, design, and systems integration for industrial, fluid power, and flow control applications, as well as customized mechanical, fabricated rubber, fluid power, and flow control shop services. The company has two reportable segments: service center based distribution; and fluid power and flow control.

ASBURY AUTOMOTIVE GROUP INC

Asbury Automotive Group is a holding company. Through its subsidiaries, the company is an automotive retailer. The company's stores provide automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. The company's new vehicle franchise retail network is made up of dealerships operating under locally-branded dealership groups.

Axcelis Technologies Inc.

Axcelis Technologies designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The company provides high energy, high current and medium current implanters for all application requirements. The company's Purion systems are all based on a common platform which enables a combination of implant purity, precision and productivity by combining a single wafer end station, with a spot beam architecture. The company's other products include curing systems, and thermal processing systems.

Bio-Rad Laboratories Inc. Class A

Bio-Rad Laboratories is a manufacturer and distributor of its own life science research and clinical diagnostics products. The company has two primary segments: Life Science, which is engaged in the life sciences market and develops, manufactures and markets reagents, apparatus and laboratory instruments; and Clinical Diagnostics, which designs, manufactures, sells and supports test systems, informatics systems, test kits and quality controls that serve clinical laboratories in the diagnostics market. The company sells its products and services to a client base comprised of scientific research, healthcare, education and government customers.

BorgWarner Inc.

BorgWarner is a holding company. Through its subsidiaries, the company is a global product provider in technology solutions for combustion, hybrid and electric vehicles. The company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles (passenger cars, sport-utility vehicles, vans and light trucks). The company's segments are: Engine, which provides turbochargers, eBoosters, timing systems, emissions systems, thermal systems, gasoline ignition technology, cabin heaters, battery heaters and battery charging; and Drivetrain, which provides rotating electrical components, power electronics, clutching systems, control modules and all-wheel drive systems.

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.

Cirrus Logic Inc.

Cirrus Logic focuses on low-power integrated circuits (ICs) for audio, voice and other signal-processing applications. The company's product lines include: Portable Products, including codecs, which are chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single IC, smart codecs, which are codecs with digital signal processing integrated, amplifiers, micro-electromechanical systems microphones, haptic drivers, standalone digital signal processors, and its SoundClear? technology, which includes a portfolio of tools, software and algorithms; and Non-Portable and Other Products, which include ICs, codecs, ADCs, DACs, digital interfaces and amplifiers.

Cohu Inc.

Cohu provides semiconductor test equipment and services. The company's products include semiconductor test, which is used for wafer level and device package testing; semiconductor handlers, which are used to automate the testing and inspection of packaged semiconductor devices; thermal sub-systems, which provide temperature control of the integrated circuit during the testing process; bare board printed circuit board (PCB) test systems, which are used to test pre-assembly PCBs; interface products, which consist of test contactors and probe pins; spares and kits, which provide consumable, non-consumable and spare items; and services, which performs installations and maintenance of systems sold.

Colfax Corporation

Colfax is a technology company that provides fabrication technology and medical technology products and services to customers around the world principally under the ESAB and DJO brands. The company reports its operations through the Fabrication Technology and Medical Technology segments. In its Fabrication Technology segment, the company formulates, develops, manufactures and supplies consumable products and equipment for use in the cutting, joining and automated welding of steels, aluminum and other metals and metal alloys. In its Medical Technology segment, the company develops, manufactures, and distributes medical devices with a range of products used for rehabilitation, pain management and physical therapy.

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.

Eastman Chemical Company

Eastman Chemical is a global advanced materials and specialty additives company. The company's segments are: Additives and Functional Products, which manufactures chemicals for products in the transportation, consumables, building and construction, and other markets; Advanced Materials, which produces and markets polymers, films, and plastics in transportation, consumables, building and construction, durable goods, and health and wellness markets; Chemical Intermediates, which utilizes integration from the cellulose and acetyl, olefins, and alkylamines streams; and Fibers, which manufactures and sells Estron? acetate tow and Estrobond? triacetin plasticizers for use in filtration media.

El Pollo Loco Holdings Inc

El Pollo Loco Holdings is a holding company. Through its subsidiary, El Pollo Loco, Inc., the company develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco ?. The restaurants, which are located principally in California but also in Arizona, Nevada, Texas, Utah and Louisiana, engaged in flame-grilled chicken in a variety of contemporary Mexican-influenced entrees, including chicken burritos, chicken quesadillas, chicken tortilla soup, variations on its Pollo Bowl? and Pollo Salads. The company serves individual and family-sized chicken meals, a variety of Mexican-inspired entrees, and sides, and, on a limited-time basis, additional proteins like shrimp.

Encompass Health Corporation

Encompass Health is a provider of healthcare services, providing both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. The company's inpatient rehabilitation hospitals provide specialized rehabilitative care across an array of diagnoses and deliver patient care services. The company's home health agencies provide home care services such as skilled nursing, physical, occupational, and speech therapy, medical social work, and home health aide services. The company also provides hospice services such as pain control and symptom management, and emotional and spiritual support to terminally ill patients and their families.

Fabrinet

FMC Corporation

FMC is an agricultural sciences company. The company provides solutions to growers around the world with a product portfolio fueled by a discovery and development pipeline in crop protection, plant health, and personnel pest and turf management. This combination of technologies includes insect control products based on Rynaxypyr? and Cyazypyr? active ingredients; Authority?, Boral?, Centium?, Command? and Gamit? branded herbicides; Talstar? and Hero? insecticides; and flutriafol-based fungicides. The company's products are used in agriculture to improve crop yield and quality by controlling a range of insects, weeds and disease, as well as in non-agricultural markets for pest control.

Fortinet Inc.

Fortinet provides cybersecurity solutions. The company's product offerings consist of its FortiGate product family and its non-FortiGate products. The company's FortiGate hardware and software licenses are sold with a set of security services. These security services are enabled by FortiGuard, which provides threat research and artificial intelligence capabilities from a global cloud network to deliver protection services to each FortiGate appliance. The company's non-FortiGate products include the Fortinet Security Fabric (such as FortiAP, FortiAnalyzer, FortiSwitch and FortiManager), certain cloud security products (such as virtual machines and cloud services) and other products.

Greif Class A

Greif is a producer of industrial packaging products and services. The company's segments are: Rigid Industrial Packaging and Services, which products including steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, and transit protection products; Paper Packaging and Services, which produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products; Flexible Products and Services, which produces flexible intermediate bulk containers and related services; and Land Management, which is focused on the harvesting and regeneration of the company's United States timber properties.

H.B. Fuller Company

Fuller (HB) is a formulator, manufacturer and marketer of adhesives, sealants and other chemical products. The company's principal product offering is industrial adhesives. The company's adhesives products are used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, roofing, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automobiles, recreational vehicles, buses, trucks and trailers, marine products, solar energy systems, electronics and products for the aerospace and defense industries. The company also provides its customers with technical support and solutions.

Haemonetics Corporation

Haemonetics is a healthcare company. The company has three product categories: Plasma, which includes plasma collection devices and disposables, plasma donor management software, and anticoagulant and saline sold to plasma customers; Blood Center, which includes blood collection and processing devices and disposables for red cells, platelets and whole blood as well as related donor management software; and Hospital, which is comprised of Hemostasis Management and Cell Processing products, includes devices and methodologies for measuring coagulation characteristics of blood, surgical blood salvage systems, blood cell processing systems, disposables and blood transfusion management software.

Haynes International Inc.

Haynes International develops, manufactures, markets and distributes alloys primarily for use in the aerospace, chemical processing and industrial gas turbine industries. The company's products are high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). The company's HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines for the aerospace market, gas turbine engines for power generation and industrial heating equipment. The company's CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment.

Hess Corporation

Hess is a global exploration and production company engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquid (NGL), and natural gas with production operations located primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, Malaysia and Denmark. The company's Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminaling, loading and transporting crude oil and NGL; storing and terminaling propane, and water handling services primarily in the Bakken shale play in the Williston Basin area of North Dakota.

Howmet Aerospace Inc.

Arconic is engaged in lightweight metals engineering and manufacturing. The company's segments include: Engineered Products and Solutions, which produces products that are used mainly in the aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets; Global Rolled Products, which produces aluminum sheet and plate for a variety of end markets, and also produces aseptic foil for the packaging end market; and Transportation and Construction Solutions, which produces products that are used in the commercial transportation and nonresidential building and construction end markets, and also produces aluminum products for the industrial products end market.

Ichor Holdings Ltd.

Installed Building Products Inc.

Installed Building Products is a holding company. Through its subsidiaries, the company primarily install insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental U.S. The company provides its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of branch locations. The company provides a range of insulation materials, including: fiberglass and cellulose insulation, and spray foam insulation.

Invacare Corporation

Invacare is a manufacturer and distributor in its markets for medical equipment used in non-acute care settings. The company has three product categories: Mobility and Seating, which designs, manufactures, markets and distributes a range of power wheelchairs, custom manual wheelchairs and seating and positioning products; Lifestyle Products, which manufactures and distributes pressure relieving sleep surfaces, safe resident handling, beds, manual wheelchairs, as well as personal care; and Respiratory Therapy Products, which designs and manufactures products that concentrate oxygen for consumers who need supplemental oxygen for breathing.

KBR Inc.

KBR provides services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The company has three segments: Government Solutions, which provides life-cycle support solutions to defense, space, aviation and other programs and missions for military and other government agencies; Technology Solutions, which combines technologies, equipment and catalyst supply, digital solutions and associated knowledge-based services into a global business for refining, petrochemicals, inorganic and specialty chemicals; and Energy Solutions, which provides life-cycle support solutions across the upstream, midstream and downstream hydrocarbons markets.

Koppers Holdings Inc.

Koppers Holdings is a holding company. Through its subsidiaries, the company is a provider of treated wood products, wood treatment chemicals, and carbon compounds. The company operates three principal business segments: Railroad and Utility Products and Services, which supplies railroad crossties to the North American railroads; Performance Chemicals, which manufactures and supplies water-based wood preservatives and wood specialty additives to treaters who supply the residential, agricultural and industrial pressure-treated wood markets; and Carbon Materials and Chemicals, which processes coal tar into a variety of products, including creosote and other related railroad products.

Lannett Company Inc.

Lannett Company develops, manufactures, packages, markets, and distributes solid oral and extended release (tablets and capsules), topical, liquids, nasal and oral solution finished dosage forms of drugs, generic forms of both small molecule and biologic medications, that address various therapeutic areas. The company's products are: Levothyroxine Sodium tablets, which are used for the treatment of thyroid deficiency; Fluphenazine tablets, which are used for the management of manifestations of psychotic disorders; Verapamil SR tablets, which are used in the treatment of high blood pressure, arrhythmia and angina; and Ursodiol Capsules, which are used for the treatment and prevention of gallstones.

LendingTree Inc.

LendingTree operates the online consumer platform. Services include mortgage loans, mortgage refinances, home equity loans and lines of credit, auto loans, and other related offerings. The company's segments include: Home, in which it partners with lenders throughout the United States to provide geographic lending coverage and to provide a suite of loan offerings on its marketplace; Consumer which provides consumer lending products on its online marketplace and non-lending Consumer products; and Insurance, which includes information, tools and access to insurance quote products, including home and automobile, through which consumers are matched with insurance aggregators to obtain insurance offers.

Lumentum Holdings Inc.

Lumentum Holdings is a provider of optical and photonic products addressing a range of end-market applications including Optical Communications (OpComms) and Commercial Lasers (Lasers) for manufacturing, inspection and life-science applications. The company's segments are: OpComms, which include a range of components, modules and subsystems to support customers including carrier networks of access, metro, long-haul and submarine applications; and Lasers, which provides lasers for the industrial and scientific markets used in a range of original equipment manufacturer applications including diode-pumped solid-state, fiber, diode, direct-diode and gas lasers such as argon-ion and helium-neon lasers.

LyondellBasell Industries NV

LyondellBasell Industries is a chemical company. Co.'s chemicals businesses consist of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals, and used by its customers to manufacture a range of products including food packaging, home furnishings, automotive components, paints and coatings. Co.'s refining business consists of its Houston refinery, which processes crude oil into products such as gasoline, diesel and jet fuel. Co. manages its operations through five operating segments: Olefins and Polyolefins - Americas; Olefins and Polyolefins - Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology.

Marathon Petroleum Corporation

Marathon Petroleum is an independent petroleum refining and marketing, retail and midstream company. The company's segments include: Refining and Marketing, which refines crude oil and other feedstocks at its refineries, purchases refined products and ethanol for resale and distributes refined products; Retail, which sells transportation fuels and convenience products in the retail market across the U.S.; and Midstream, which transports, stores, distributes and markets crude oil and refined products via refining logistics assets, pipelines, terminals, towboats and barges, gathers, processes and transports natural gas, and gathers, transports, fractionates, stores and markets natural gas liquids.

MEDNAX Inc.

MEDNAX provides physician services including newborn, anesthesia, maternal-fetal, radiology and teleradiology, pediatric cardiology and other pediatric subspecialty care. The company's network comprised of physicians, including physicians who provide neonatal clinical care, primarily within hospital-based neonatal intensive care units, to babies born prematurely or with medical complications. The company also provides radiology services and teleradiology services. In addition to its national physician network, the company provides services to healthcare facilities and physicians, including the company's, through complementary businesses, consisting of a management services organization and a consulting services company.

MSCI Inc. Class A

MSCI is a provider of decision support tools and services for the global investment community. The company's segments are: Index, in which Clients use the company's indexes in various areas of the investment process, including index-linked product creation; Analytics, which provides risk management, performance attribution and portfolio management content, applications and services; Environmental, Social and Governance (ESG), which helps institutional investors understand how ESG considerations can impact the long-term risk and reward of their portfolio and individual security-level investments; and Real Estate, which includes research, reporting, market data and benchmarking offerings.

Newell Brands Inc

Newell Brands is a global marketer of consumer and commercial products. The company's segments include: Appliances and Cookware, which designs, manufactures, sources, markets and distributes a various line of household products; Food and Commercial, which designs, manufactures, sources, markets and distributes a various line of household products; Home and Outdoor Living, which designs, manufactures, sources, markets and distributes home fragrance and home security products; and Learning and Development, which designs, manufactures, sources, markets and distributes writing instruments, including markers and highlighters, pens and pencils.

PBF Energy Inc. Class A

PBF Energy is a holding company. Through its subsidiaries, the company is engaged as an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the U.S. The company operates in two business segments: refining, which the company produces a variety of products at each of its refineries such as gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals and asphalt; and logistics, which through its PBF Logistics LP subsidiary, the company owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.

Prestige Consumer Healthcare Inc

Prestige Consumer Healthcare is a holding company. Through its subsidiaries, the company develops, manufactures, markets, sells and distributes over-the-counter (OTC) healthcare products to mass merchandisers and drug, food, dollar, convenience, and club stores in North America (the U.S. and Canada) and in Australia and certain other international markets. The company's portfolio of OTC Healthcare products includes, among others, DenTek oral care products, Monistat women's health products, Nix lice treatment products, Chloraseptic sore throat treatments, Clear Eyes eye care products, Compound W wart treatments, Luden's throat drops, BC and Goody's pain relievers and Debrox earwax remover.

Qorvo Inc.

Qorvo is a holding company. Through its subsidiaries, the company designs, develops, manufactures and markets its products to U.S. and international original equipment manufacturers and original design manufacturers in two operating segments: Mobile Products, which is a supplier of cellular radio frequency (RF) and Wi-Fi solutions for mobile devices, including smartphones, wearables, laptops, tablets and cellular-based applications for the Internet of Things (IoT); and Infrastructure and Defense Products, which is a supplier of RF and system-on-a-chip solutions for cellular base stations and other wireless communications infrastructure, defense, smart home, automotive and other IoT applications.

Qualcomm Inc

Qualcomm is engaged in the development and commercialization of foundational technologies for the wireless industry. The company's segments include: Qualcomm CDMA Technologies, which is a developer and supplier of integrated circuits and system software based on code division multiple access, orthogonal frequency division multiple access and other technologies; Qualcomm Technology Licensing, which grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which, among other rights, include certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products; and Qualcomm Strategic Initiatives, which makes investments.

Ruth's Hospitality Group Inc.

Ruth's Hospitality Group develops and operates restaurants under the trade name Ruth's Chris Steak House. The Ruth's Chris menu also includes lamb chops, fish, shrimp, crab, chicken and lobster. The company's Ruth's Chris restaurants serves various appetizer items, including New Orleans-style barbequed shrimp, mushrooms stuffed with crabmeat, spicy shrimp, chilled seafood tower and osso bucco ravioli, as well as various different salads. They also provide a variety of potatoes and vegetables as side dishes. For dessert, creme brulee, white chocolate bread pudding, chocolate duo, cheesecake, fresh seasonal berries with sweet cream and other selections are available.

Scientific Games Corporation

Scientific Games is a developer of technology-based products and services and associated content for the worldwide gaming, lottery and interactive gaming industries. The company's portfolio activities primarily includes supplying gaming machines and game content, casino-management systems and table game products and services to licensed gaming entities; providing instant and draw-based lottery products, lottery systems and lottery content and services to lottery operators; providing social casino solutions to retail consumers and regulated gaming entities; and providing a suite of digital real-money gaming and sports wagering solutions, distribution platforms, content, products and services.

Select Medical Holdings Corporation

Select Medical Holdings is managed through four business segments: critical illness recovery hospital, which consists of hospitals designed to serve the needs of patients recovering from critical illnesses; rehabilitation hospital, which consists of hospitals designed to serve patients that require intensive physical rehabilitation care; outpatient rehabilitation, which consists of clinics that provide physical, occupational, and speech rehabilitation services; and the company's subsidiary, Concentra Inc. segment, which consists of occupational health centers that provide workers' compensation injury care, physical therapy, and consumer health services and onsite clinics.

Semtech Corporation

Semtech is a supplier of analog and mixed-signal semiconductor products. The company operates in one reportable segment through three product lines: signal integrity, which includes optical data communications and video transport products used in a variety of enterprise computing, communications, and industrial applications; protection, which are referred to as transient voltage suppressors that provides protection for electronic systems where voltage spikes; and wireless and sensing, which includes LoRa? devices and wireless radio frequency technology, and smart proximity sensing and user interface solutions for its mobile and consumer products.

Skyworks Solutions Inc.

Skyworks Solutions is a provider of analog semiconductors that connect people, places, and things, spanning a number of applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. The company's product portfolio consists of various solutions, including: amplifiers, antenna tuners, attenuators, circulators/isolators, wireless analog system on chip, direct current (DC)/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrid, light emitting diode drivers, low noise amplifiers, mixers, and modulators.

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.

SYNAPTICS INC

Synaptics is a developer and supplier of custom-designed human interface semiconductor product solutions that enable people to interact with a variety of mobile computing, communications, entertainment, and other electronic devices. The company targets the markets for smartphones, tablets, personal computer, products, Internet of Things, products and other select electronic devices, including devices in automobiles. The company's family of products includes: ClearPad?, ClearView?, TouchView?, Natural ID?, TouchPad?, SecurePad?, ClickPad?, ForcePad?, AudioSmart?, VideoSmart?, ImagingSmart?, and other product solutions.

TCF Financial Corporation

TCF Financial is a financial holding company. The company's subsidiary, Chemical Bank, provides a range of banking and fiduciary products and services. These include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box services, money transfer services, automated teller machines, access to insurance and investment products, corporate and personal wealth management services, mortgage banking and other banking services.

Trinity Industries Inc.

Trinity Industries is a provider of railcar products and services in North America. The company has the following reportable segments: Railcar Leasing and Management Services Group, which provides operating leases for freight and tank railcars, as well as originates and manages railcar leases for third-party investors and provides fleet maintenance and management services to industrial shippers; Rail Products Group, which manufactures freight and tank railcars in North America used for transporting a variety of liquids, gases, and dry cargo, and also provides a range of maintenance services and solutions; and All Other, which includes the company's highway products business.

United Rentals Inc.

United Rentals is an equipment rental company that operates throughout the United States and Canada, and Europe. The company's general rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. This segment's customers include construction and industrial companies, manufacturers, utilities, municipalities and homeowners. The company's trench, power and fluid solutions segment includes the rental of construction products and related services. This segment consist of: Trench Safety region, Power and Heating, Ventilating and Air Conditioning region; and Fluid Solutions and Fluid Solutions Europe regions.

Varex Imaging Corporation

Varex Imaging is a designer and manufacturer of X-ray imaging components. In its Medical business segment, the company designs, manufactures, sells and services X-ray imaging components for use in a range of radiographic or fluoroscopic imaging applications including computed tomography, mammography, oncology, cardiac, surgery, dental, and computer-aided detection. In its Industrial business segment, the company designs, manufactures, sells and services X-ray imaging products for use in several markets, including security applications, such as cargo screening at ports and borders and baggage screening at airports, and nondestructive testing and inspection applications used in several other markets.

Veeco Instruments Inc.

Veeco Instruments is a manufacturer of semiconductor and thin film process equipment. The company's system products include: Metal Organic Chemical Vapor Deposition Systems, Advanced Packaging Lithography, Precision Surface Processing Systems (Wet Etch and Clean), Laser Annealing Systems, Ion Beam Deposition and Etch Systems, Molecular Beam Epitaxy Systems, 3D Wafer Inspection Systems, and Atomic Layer Deposition and Other Deposition Systems. The company's systems are used in the production of microelectronic components, including light emitting diodes, micro-electro mechanical systems, radio frequency filters and amplifiers, power electronics, thin film magnetic heads, and other semiconductor devices.

Vera Bradley Inc.

Vera Bradley is a designer of women's handbags, luggage and travel items, fashion and home accessories, and gifts. The company sells its products through two reportable segments: Direct and Indirect. The Direct business consists of sales of Vera Bradley products through the company's full-line and factory outlet stores, verabradley.com, the company's online outlet site, direct-to-consumer eBay sales, and the company's annual outlet sale in Fort Wayne, IN. The Indirect business consists of sales of Vera Bradley products to specialty retail locations, as well as department stores, national accounts, third party e-commerce sites, third-party inventory liquidators, and sales generated through licensing agreements.

Western Union Company

Western Union is a holding company. Through its subsidiaries, the company is engaged in money movement and payment services, providing people and businesses with ways to send money and make payments around the world. The company's segments are: Consumer-to-Consumer, which is focused on individual money transfers from one consumer to another; and Business Solutions, in which the company facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The company's remaining businesses and services include its electronic-based and cash-based bill payment services.

WestRock Company

WestRock is a provider of paper and packaging solutions for consumer and corrugated packaging markets. The company partners with its customers to provide paper and packaging solutions. The company's operating and business locations are in North America, South America, Europe, Asia and Australia. The company's segments include: Corrugated Packaging, which consists of the company's containerboard mills, corrugated packaging and distribution operations, as well as its merchandising displays and recycling procurement operations; Consumer Packaging, which consists of the company's consumer mills, food and beverage and partition operations; and Land and Development, which sells real estate primarily in the Charleston, SC region.

World Fuel Services Corporation

World Fuel Services is a global fuel services company. The company's segments are: aviation, which provides global aviation fuel supply and service solutions to main commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators and private aircraft; land, which provides fuel, heating oil, propane, natural gas, lubricants and related products, advisory and fulfillment solutions, transaction management services, and transportation logistics for its product deliveries; and marine, which markets fuel, lubricants and related products and services to a base of marine customers.

XPO Logistics Inc.

XPO Logistics is a global provider of supply chain solutions to various companies. The company has two reporting segments: Transportation and Logistics. The company's Transportation segment facilitates the movement of raw materials, parts and finished goods. The company's transportation services include truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. The company's Logistics segment services include warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services.

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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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