Vermilion Macro Vision: Sector Synopsis
Technology Sector: Overweight. Technology still tops our weekly rankings. Trading at 14-year relative strength highs – the only Sector at new RS highs at the moment – it has the opposite problem of Health Care: the majority of Tech Groups are ranked in the top-third of the market. Additionally, Tech continues to lead overseas. It's a leader in Europe, Japan, and especially EM, where Taiwan's market is breaking out to 12+ month relative strength highs. Bottom line: stay overweight. Internally, semis still top our rankings. Though they've produced outsized YTD rallies, monthly charts reveal secular base patterns, indicating favorable long-term trends. Several examples include: INTC, ADI, SWKS, XLNX, IDTI, SLAB, POWI, LSCC, CEVA, AMAT, TER, ENTG, TSRA, AMKR, CCMP, BRKS, and NANO. Take advantage of pullbacks (see attached document for complete sector thoughts and recommendations).For a trial to Vermilion Technical Research call (952) 922-7500, or visit our website at: www.vermilioncap.com
Ensco is an offshore contract drilling company engaged in providing offshore contract drilling services to the international oil and gas industry. As of Dec 31 2017, Co. owned and operated an offshore drilling rig fleet of 62 rigs. Co.'s rig fleet includes 12 drillships, 11 semisubmersible rigs, four moored semisubmersible rigs and 38 jackup rigs, including rigs under construction. Co.'s business consists of three operating segments: floaters, which includes its drillships and semisubmersible rigs; jackups; and other, which consists of management services on rigs owned by third-parties. Co.'s two reportable segments, floaters and jackups, provide one service, contract drilling.
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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