Insights: Bullish Russell 2000 Stocks
Today's report is a bottom-up compilation of technically attractive small-cap stocks, with one fundamental kicker: each name is accompanied by positive momentum in their FY EPS estimates... see screen on pages 11-13• We screened for stocks whose latest EPS estimate is higher than last week's, which in turn is greater than the prior month's estimate. From this list, which was rich in relative leaders, we picked out the names that were either (1) breaking out from, or (2) pulling back to base support levels... see charts on pages 2-10
• Group themes present in this screen:
o Pullbacks in Energy: Energy continues to take up residence at the top of our strength rankings. We view current pullbacks as a buying opportunity. In today's screen, several small caps are at buy points: PDCE Energy (PDCE), Oasis Petroleum (OAS), Matador Resources (MTDR), Synergy Resources (SYRG), and Unit Corp (UNT). Buy.
o Strength in Financials: Financials, too, continue to rank well, and today's screen points to several attractive opportunities including: Cathay General Bancorp (CATY), Green Bancorp (GNBC), Walker & Dunlop (WD), Stifel Financial (SF), and Greenhill & Co (GHL). Buy.
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Allegheny Technologies is a manufacturer of specialty materials and components. The company operates in two business segments: High Performance Materials and Components, which produces a range of specialty materials, parts and components for several main end markets, including aerospace and defense, medical, and energy; and Flat Rolled Products, which produces nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of forms including plate, sheet, engineered strip, and Precision Rolled Strip? products.
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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