Report
Dave Nicoski ...
  • Ross LaDuke
EUR 46.63 For Business Accounts Only

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Underlyings
A. O. Smith Corporation

A.O. Smith is comprised of North America and Rest of World reporting segments. The company's Rest of World segment is primarily comprised of China, Europe and India. Both segments manufacture and market lines of residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. Both segments primarily manufacture and market in their respective regions of the world. The company's Rest of World segment also manufactures and markets in-home air purification products in China. The company serves residential and commercial end markets in North America with a range of products including water heaters, boilers, water treatment products, and other.

Abbott Laboratories

Abbott Laboratories is engaged in the discovery, development, manufacture, and sale of a range of health care products. The company's reportable segments are: established pharmaceutical products, which includes a range of generic pharmaceuticals; diagnostic products, which includes a range of diagnostic systems and tests; nutritional products, which includes a range of pediatric and adult nutritional products; and medical devices, which includes a range of rhythm management, electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices.

ACI Worldwide Inc.

ACI Worldwide develops, markets, installs, and supports a range of software products and solutions primarily focused on facilitating real-time electronic payments. The company's payment capabilities, technologies, and solutions are marketed under the brand name Universal Payments. In addition to its own products, the company distributes, or acts as a sales agent for software developed by third parties. These products and services are used globally by banks, financial intermediaries, and a range of transaction-generating endpoints, including automated teller machines, merchant point-of-sale terminals, bank branches, mobile phones, tablets, corporations, and internet commerce sites.

Acuity Brands Inc.

Acuity Brands is a provider of lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications. The company's lighting and building management solutions include devices such as luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers, as well as integrated systems designed for various indoor and outdoor applications. In addition, the company provides services across applications that primarily relate to monitoring and controlling lighting and building management systems through network technologies and the commissioning of control systems.

AGCO Corporation

AGCO is a manufacturer and distributor of agricultural equipment and related replacement parts. The company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. The company's products are used in the agricultural equipment industry and are marketed under the Challenger?, Fendt?, GSI?, Massey Ferguson? and Valtra? brands. The company distributes its products through independent dealers and distributors. In addition, the company provides retail and wholesale financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.

Alexion Pharmaceuticals Inc.

Alexion Pharmaceuticals is a biopharmaceutical company serving patients and families affected by rare diseases through the discovery, development and commercialization of therapies. The company has developed and commercialized two complement inhibitors to treat patients with paroxysmal nocturnal hemoglobinuria and atypical hemolytic uremic syndrome, as well as the complement inhibitor to treat anti-acetylcholine receptor antibody-positive generalized myasthenia gravis and neuromyelitis optica spectrum disorder in patients who are anti-aquaporin-4 antibody positive. In addition, the company has two enzyme replacement therapies for metabolic disorders, hypophosphatasia and lysosomal acid lipase deficiency.

Aptargroup Inc.

AptarGroup is a supplier of a range of dispensing, sealing and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. The company's primary products are dispensing pumps, which dispense a spray or lotion from non-pressurized containers; closures, which are plastic caps that allow a product to be dispensed without removing the cap; aerosol valves, which dispense product from pressurized containers; and elastomeric primary packaging components, which include stoppers for infusion, antibiotic, lyophilization and diagnostic vials, pre-filled syringe components, as well as dropper bulbs and syringe plungers.

Avnet Inc.

Avnet is a technology solutions company with an ecosystem delivering design, product, marketing and supply chain knowledge for customers at every stage of the product lifecycle. The company's primary operating groups include: Electronic Components, which markets, sells and distributes electronic components including semiconductors, interconnect, passive and electromechanical components and other integrated components from electronic component manufacturers; and Premier Farnell, which distributes a portfolio of kits, tools, electronic components and industrial automation components, as well as test and measurement products to both engineers and entrepreneurs.

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.

Chefs Warehouse Holdings

Chefs' Warehouse is a distributor of food products. The company is focused on serving chefs who own and/or operate independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the U.S. and Canada. The company's product portfolio is comprised of imported and domestic food products, such as artisan charcuterie, cheeses, oils and vinegars, truffles, caviar, chocolate and pastry products. The company also provides a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, and food products, such as cooking oils, butter, eggs, milk and flour.

Chevron Corporation

Chevron is engaged in energy and chemicals operations. Upstream operations consist primarily of, among others, exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations consist primarily of, among others, refining crude oil into petroleum products; marketing of crude oil and refined products; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.

Cisco Systems Inc.

Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.

CNX Midstream Partners LP

Coherent Inc.

Coherent is a provider of lasers, laser-based technologies and laser-based system solutions in a range of commercial, industrial and scientific applications. The company reporting segments are: OEM Laser Sources (OLS) and Industrial Lasers and Systems (ILS). The company's OLS business segment is focused on laser sources and optical sub-systems primarily used in microelectronics manufacturing, medical diagnostics and therapeutic medical applications, as well as in scientific research. The company's ILS business segment delivers laser sources, sub-systems and tools used for industrial laser materials processing, serving end markets like automotive, machine tool, consumer goods and medical device manufacturing.

Columbia Sportswear Company

Columbia Sportswear is engaged in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products. The company's brands and products include: Columbia?, which is known for outdoor apparel, footwear, accessories and equipment products designed with function suited for all seasons, activities and locations; SOREL?, which provides footwear and accessories primarily to women, as well as to men and youth consumers; Mountain Hard Wear?, which provides apparel, accessories and equipment designed to meet the needs of climbing and climbers' everyday lifestyle; and prAna?, which focuses on clothing.

Crestwood Equity Partners LP

Crestwood Equity Partners is a holding company. Through its subsidiary, the company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The company's segments are: gathering and processing, which provides gathering and transportation services and processing, treating and compression services to producers; storage and transportation, which provides crude oil and natural gas storage and transportation services to producers, utilities and other customers; and marketing, supply and logistics, which provides natural gas liquid, crude oil and natural gas marketing, storage and transportation services to producers, refiners, marketers and other customers.

Deluxe Corporation

Deluxe is engaged in providing payment solutions. The company's marketing solutions and other services provides products and services designed to meet its customers' sales and marketing needs, as well as various other service offerings. The company's forms, accessories and other products provides printed business forms, including deposit tickets, billing forms, work orders, job proposals, purchase orders, invoices and personnel forms, as well as computer forms compatible with accounting software packages commonly used by small businesses. The company also provides other customized products, including envelopes, office supplies, ink stamps, labels, deposit tickets, check registers and checkbook covers.

Devon Energy Corporation

Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company's operations are concentrated in various onshore areas in United States. The company's areas of operation include Delaware Basin, Eagle Ford, Powder River Basin and the STACK development, located primarily in Oklahoma's Canadian, Kingfisher and Blaine counties.

Diamondback Energy Inc.

Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico.

Dril-Quip Inc.

Dril-Quip designs, manufactures, sells and services drilling and production equipment for use in deepwater, harsh environment and severe service applications. The company's products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters and safety valves. The company provides technical advisory assistance during installation of its products, as well as rework and reconditioning services. The company's customers may rent or purchase running tools from the company for use in the installation and retrieval of its products.

DuPont de Nemours Inc.

DuPont de Nemours provides technology-based materials, ingredients and solutions in key markets including electronics, transportation, building and construction, health and wellness, food and worker safety. The company has five segments: Electronics & Imaging, which is a supplier of materials and systems for a range of consumer electronics ; Nutrition & Biosciences, which provides solutions for the global food and beverage markets; Transportation & Industrial, which delivers polymer-based high-performance materials; Safety & Construction, which provides engineered products and integrated systems; and Non-Core, a supplier of key materials for the manufacturing of photovoltaic cells and panels.

Enterprise Products Partners L.P.

Enterprise Products Partners is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The company's midstream energy operations include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and export and import terminals; crude oil gathering, transportation, storage, and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services; and a marine transportation business that operates primarily on the U.S. inland and Intracoastal Waterway systems.

EOG Resources Inc.

EOG Resources, together with its subsidiaries, explores for, develops, produces and markets crude oil, natural gas liquids and natural gas primarily in main producing basins in the United States, The Republic of Trinidad and Tobago, The People's Republic of China, Canada and, from time to time, select other international areas.

First Solar Inc.

First Solar is a provider of photovoltaic (PV) solar energy solutions. The company designs, manufactures and sells PV solar modules with a thin film semiconductor technology, and also develops and sells PV solar power systems that mainly use the modules it manufactures. The company also provides operations and maintenance (O&M) services to system owners. The company's modules segment involves the design, manufacture and sale of cadmium telluride solar modules, which convert sunlight into electricity. The company's second segment is its systems segment, through which it provides power plant solutions, which include project development, engineering, procurement, and construction services and O&M services.

GRAFTECH INTERNATIONAL

GrafTech International is a holding company. Through its subsidiaries, the company is a manufacturer of graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The company's customers include steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa, the Americas and Asia-Pacific, which sell their products into the automotive, construction, appliance, machinery, equipment and transportation industries. The company's Industrial Materials segment is comprised of two product categories: graphite electrodes and needle coke products. Needle coke is the key raw material to producing graphite electrodes.

HEICO Corporation

HEICO is a holding company. Through its subsidiaries, the company is engaged as a manufacturer of Federal Aviation Administration-approved jet engine and aircraft component replacement parts. The company is also a manufacturer of various types of electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries. The company's segments include: Flight Support Group which designs and manufactures jet engine and aircraft component replacement parts for sale; and Electronic Technologies Group, which designs, manufactures and sells various types of electronic, data and microwave, and electro-optical products, including infrared simulation and test equipment.

IAC/InterActiveCorp.

IAC/InterActiveCorp is a media and Internet company. The company has majority ownership of both Match Group, Inc. (Match Group or MTCH), which includes Tinder, Match, PlentyOfFish and OkCupid, and ANGI Homeservices Inc. (ANGI Homeservices or ANGI), which includes HomeAdvisor, Angie's List and Handy, and also operates Vimeo, Dotdash and The Daily Beast, among many other online businesses. The company's operating segments are MTCH, ANGI, Vimeo, Dotdash and Applications, which are also reportable segments, and within its Emerging & Other reportable segment, Ask Media Group, BlueCrew, The Daily Beast, College Humor Media and IAC Films.

Jazz Pharmaceuticals Public Limited Company

Jazz Pharmaceuticals is a biopharmaceutical company focused on identifying, developing and commercializing products that address unmet medical needs. Co.'s products and product candidates focus on sleep and hematology/oncology. Co.'s products are: Xyrem® oral solution, which treats both cataplexy and excessive daytime sleepiness, in patients with narcoleps; Erwinaze®, which treats patients with acute lymphoblastic leukemia, who have developed hypersensitivity to E. coli-derived asparaginase; and Defitelio®, which treats adult and pediatric patients with hepatic veno-occlusive disease, with renal or pulmonary dysfunction following hematopoietic stem cell transplantation.

Kforce Inc.

Kforce is a provider of staffing services and solutions. The company's operating segments are: Technology, which provides both staffing temporary (Flex) and permanent (Direct Hire) services to its clients, focusing primarily on areas of information technology such as systems/applications architecture and development; Finance and Accounting, which provides both Flex and Direct Hire services to its clients in areas such as general accounting, business analysis, and accounts payable; and Government Solutions, which provides staffing services and solutions to the U.S. Federal Government as both a prime contractor and a subcontractor in the fields of information technology and finance and accounting.

LivaNova Plc

LivaNova is a medical device company focused on the development and delivery of therapeutic solutions. Co. has three product franchises: Neuromodulation, which engaged in the design, development and marketing of neuromodulation therapy for the treatment of drug-resistant epilepsy and treatment resistant depression; Cardiac Surgery, which engaged in the development, production and sale of cardiovascular surgery products; and Cardiac Rhythm Management, which engaged in the development, manufacturing and marketing of products for the diagnosis, treatment, and management of heart rhythm disorders and heart failure.

LivePerson Inc.

LivePerson is a cloud computing or software-as-a-service provider of solutions on a hosted basis. The company is organized into two operating segments: Business and Consumer. The Business segment enables brands to utilize the company's LiveEngage's engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The Consumer segment facilitates online transactions between independent service providers and individual consumers seeking information and knowledge for a fee via mobile and online messaging. The company's products and services include: LiveEngage, Professional Services and Consumer Offering.

LiveRamp Holdings Inc.

LiveRamp Holdings is a global technology company. The company provides enterprise customer management platform that help organizations utilize customer data to deliver products and experiences. A main component of the company's platform is the omnichannel, deterministic identity graph. Utilizing the company's identity graph, the LiveRamp platform resolves a customer's data (first-, second-, or third-party) to consumer identifiers that represent real people in a way that protects consumer privacy.

Magna International Inc.

Magna is a global automotive supplier whose product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as vehicle engineering and contract manufacturing. Co.'s operations are segmented on a geographic basis. Co.'s segments consist of North America, Europe, Asia and Rest of World.

Martin Marietta Materials Inc.

Martin Marietta Materials is a natural resource-based building materials company. The company supplies aggregates (crushed stone, sand and gravel) through its network of quarries, mines and distribution yards. The company also provides cement and downstream products, namely, ready mixed concrete, asphalt and paving services. The company conducts its Building Materials business through three segments: Mid-America Group, Southeast Group and West Group. The Mid-America and Southeast Groups provide aggregates products only. The West Group provides aggregates, cement and downstream products. The company also has the Magnesia Specialties segment, which includes its magnesia-based chemicals and dolomitic lime businesses.

Match Group Inc.

Match Group is a provider of dating products available in over 40 languages to its users all over the world through applications and websites it owns and operates. The company operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, as well as a number other brands. Through its portfolio of brands, the company provides tailored products to meet the varying preferences of its users. All the company's products enable users to establish a profile and review other users' profiles without charge. Each product also provides additional features, some of which are free, and some of which require payment depending on the particular product.

MAXIMUS Inc.

MAXIMUS is an operator of government health and human services programs worldwide. The company's segments are: United States Health and Human Services, which provides a variety of business process services such as program administration, appeals and assessments work and related consulting work; United States Federal Services, which provides program administration, appeals and assessments services and technology solutions, including system and software development and maintenance services; and Outside the United States, which provides business process services solutions for governments and commercial clients in geographies beyond the United States, including health and disability assessments.

McCormick & Company Incorporated

McCormick & Co. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavor products to the food industry- retailers, food manufacturers and foodservice businesses. The company also is partner in a number of joint ventures that are involved in the manufacture and sale of flavor products. The company's business segments comprised of: consumer, in which the company markets its products to customers and supplies private label items, known as store brands; and flavor solutions, which provides a range of flavor solutions including seasoning blends, spices and herbs, condiments, coating systems and compound flavors.

MRC Global Inc.

MRC Global is a holding company. Through its subsidiaries, the company is a distributor of pipe, valves and fittings (PVF) and other infrastructure products and services to the energy industry. The company provides SKUs, including an array of PVF, oilfield supply, valve automation and modification, measurement, instrumentation and other general and specialty products. The company provides services such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, delivery, order consolidation, product tagging and system interfaces, and engineering of control packages and valve inspection and repair.

NCR Corporation

NCR is a software- and services-led enterprise provider in the financial, retail, hospitality and telecommunications and technology industries. The company is an enterprise provider selling a portfolio of digital first software, services, hardware and payments. The company's segments include: Banking, which includes automated teller machines and payment processing hardware and software; Retail, which provides solutions that primarily include retail-oriented technologies, such as point of sale (POS) terminals and POS software; Hospitality, which provides solutions that include POS hardware and software solutions; and Other, which includes telecommunications and technology solutions.

NETGEAR Inc.

Netgear provides networking and Internet connected products to consumers and businesses. The company operates in the following two segments: The Connected Home, which is focused on consumers and consists of 4G/5G mobile, Wi-Fi internet networking solutions and smart devices such as Orbi Voice smart speakers and Meural digital canvas; and Small and Medium Business, which is focused on small and medium-sized businesses and consists of business networking, storage, wireless local area network and security solutions. The company is organized into the following geographic territories: Americas; Europe, Middle-East and Africa and Asia Pacific.

Northrop Grumman Corporation

Northrop Grumman is a security company. The company's segments include: Aerospace Systems, which is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems and subsystems; Innovation Systems, which is engaged in the design, development, integration and production of flight, armament and space systems; Mission Systems, which is engaged in end-to-end mission solutions and multifunction systems; and Technology Services, which is engaged in delivering solutions and services in support of mission-critical networks and systems.

Nu Skin Enterprises Inc. Class A

Nu Skin Enterprises develops and distributes a line of beauty and wellness solutions. The company's primary product categories are personal care products and wellness products. The company develops and distributes products in these two categories under its Nu Skin and Pharmanex brands, respectively. The company's personal care products include its skin care devices. The company's skin care devices and related consumables are ageLOC Spa systems and its ageLOC LumiSpa skin treatment and cleansing device. The company's wellness products line includes its LifePak nutritional supplements, ageLOC Youth nutritional supplements and its ageLOC TR90 weight management and body shaping system.

Nucor Corporation

Nucor manufactures steel and steel products. The company's operations include international trading and sales companies that buy and sell steel and steel products. The company's segments are: steel mills, which produces sheet steel, plate steel, structural steel, and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems, and wire and wire mesh; and raw materials, which produces direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.

NuStar Energy L.P.

NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage and marketing of petroleum products. The company's reportable business segments are: pipeline, which consist of the transportation of refined products, crude oil and anhydrous ammonia; storage, which provide storage, handling and other services for petroleum products, crude oil, chemicals and other liquids; and fuels marketing, which includes its bunkering operations at its St. Eustatius and Texas City terminals, as well as certain of its blending operations.

Occidental Petroleum Corporation

Occidental Petroleum has three reporting segments: oil and gas, which explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas; chemical, which mainly manufactures and markets basic chemicals (chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates and calcium chloride) and vinyls (vinyl chloride monomer, polyvinyl chloride and ethylene); and marketing and midstream, which purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide and power.

Palo Alto Networks Inc.

Palo Alto Networks provides a platform that allows enterprises, service providers, and government entities to secure their organizations. The company's platform uses a traffic classification engine that identifies network traffic by application, user, and content and provides security across the network, endpoint, and cloud. The company's product, subscription, and support offerings include: firewall appliances and software; and Panorama, which is a centralized security management solution for global control of various firewall appliances and software deployed on an end-customer's network as well as in their instances in public or private cloud environments as a virtual appliance or a physical appliance.

Phillips 66

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The company's segments include: Midstream, which provides crude oil and refined petroleum product transportation, terminaling and processing services, as well as natural gas and natural gas liquids transportation, storage, processing and marketing services; Chemicals, which manufactures and markets petrochemicals and plastics on a worldwide basis; Refining, which refines crude oil and other feedstocks into petroleum products; and Marketing and Specialties, which purchases for resale and markets refined petroleum products, mainly in the United States and Europe.

Pilgrim's Pride Corporation

Pilgrims Pride is primarily engaged in the production, processing, marketing and distribution of fresh, frozen chicken products to retailers, distributors and foodservice operators. The company's primary product types are fresh chicken products, prepared chicken products and export chicken products. The company's fresh chicken products consist of refrigerated (nonfrozen) whole or cut-up chicken, either pre-marinated or non-marinated and prepackaged case-ready chicken. The company's case-ready chicken includes various combinations of freshly refrigerated, whole chickens and chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer's fresh meat counter.

PPG Industries Inc.

PPG Industries manufactures and distributes a range of paints, coatings and specialty materials. The company's business is comprised of two reportable business segments: Performance Coatings, which primarily supplies a variety of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals, as well as transparencies and transparent armor; and Industrial Coatings, which primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, precipitated silicas and other specialty materials.

Robert Half International Inc.

Robert Half International provides staffing and risk consulting services. The company, through its Accountemps, Robert Half Finance & Accounting, and Robert Half Management Resources divisions, is a provider of temporary, full-time, and project personnel in accounting and finance fields. The company's OfficeTeam division places office and administrative personnel, ranging from executive and administrative assistants to receptionists and customer service representatives. The Robert Half Technology division provides information technology contract consultants, places employees, and provides managed services in areas ranging from multiple platform systems integration to end-user technical and desktop support.

Sanderson Farms Inc.

Sanderson Farms is a poultry processing company engaged in the production, processing, marketing and distribution of frozen chicken products, including processed and minimally prepared chicken. The company sells ice-packed, chill-packed, bulk-packed and frozen chicken, in whole, cut-up and boneless form to retailers, distributors, and casual dining operators, and to customers who resell frozen chicken into export markets. The company operates through: Sanderson Farms, Inc. (Production Division), which is engaged in the production of chickens to the broiler stage; and Sanderson Farms, Inc. (Processing Division), which is engaged in the processing, sale and distribution of chicken products.

Schlumberger NV

Schlumberger provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The company has four segments: Reservoir Characterization, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells; Production, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs; and Cameron, which consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.

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.

Sensient Technologies Corporation

Sensient Technologies is a manufacturer and marketer of colors, flavors and fragrances. The company's three reportable segments are: Flavors & Fragrances Group, which develops, manufactures, and supplies flavor and fragrance systems for the food, beverage, personal care, and household-products industries; Color Group, which provides natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals, colors and other ingredients for cosmetics; and Asia Pacific Group, which provides a range of products from its Flavors & Fragrances Group and Color Group, as well as products developed by regional technical teams to appeal to local preferences.

Silicon Laboratories Inc.

Silicon Laboratories is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial automation, consumer and automotive markets. The company provides analog-intensive, mixed-signal solutions for use in a variety of electronic products in a range of applications for the IoT including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking and medical instrumentation. The company provides a range of timing and isolation products for infrastructure applications including clocks and oscillators for networking equipment, and data centers.

Sonae SGPS SA

Sonae SGPS is a holding company. Through its subsidiaries, Co. operates in four segments: Sonae MC, which is Co.'s food retail unit that had 478 stores as of Dec 31 2014; Sonae SR, which is Co.'s specialized retail unit, with a presence in the electronics, sports and fashion market and had 522 stores at Dec 31 2014; Sonae RP, which is Co.'s retail real estate unit which manages retail real estate properties of Co.; and investment management, which includes a company that operates in the retail DIY products, building and garden (Maxmat), a travel agency (Geostar), insurance brokers (MDS) as well as Wedo Technologies, Saphety, Mainroad , Bizdirect and Publico.

Sonoco Products Company

Sonoco Products is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The company's segments are: Consumer Packaging, which includes round composite cans, shaped rigid paperboard containers, fiber and plastic caulk/adhesive tubes, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; Paper and Industrial Converted Products, which include recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, edgeboard, paper grades, and adhesives; Display and Packaging, which include point-of-purchase displays; and Protective Solutions, which include packaging and components.

Stoneridge Inc.

Stoneridge is a designer and manufacturer of electrical and electronic components, modules and systems for the automotive, commercial, off-highway, motorcycle and agricultural vehicle markets. The company conducts its business in three reportable segments: Control Devices, which includes product lines such as sensors, actuators, valves and switches; Electronics, which designs and manufactures electronic instrument clusters, electronic control units, driver information systems, camera-based vision systems, monitors and related products; and PST Eletronica Ltda., which includes product lines such as alarms, convenience applications, vehicle monitoring and tracking devices and infotainment systems.

Summit Materials Inc. Class A

Summit Materials is a holding company. Through its subsidiaries, the company is a construction materials company. The company produces and sells aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. The company is engaged in paving and related services. The company has operations in various states across the United States and in British Columbia, Canada. The company operates a municipal waste landfill in its East segment, and has construction and demolition debris landfills and liquid asphalt terminal operations in its West and East segments.

Tenaris S.A. ADS

Trinseo SA

Tyson Foods Inc. Class A

Tyson Foods is a food company. The company's operations consist of breeding stock, contract farmers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its wholly-owned subsidiary, Cobb-Vantress, Inc., the company is engaged as poultry breeding stock supplier. The company also processes live fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork and fully-cooked meats. The company produces a range of fresh, frozen and refrigerated food products. The company operates in Beef, Pork, Chicken and Prepared Foods segments.

Universal Display Corporation

Universal Display is engaged in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in displays and lighting applications. The company manufactures and sells its proprietary OLED materials to customers for evaluation and use in commercial OLED products. The company also enters into agreements with manufacturers of OLED display and lighting products under which the company grants them licenses to practice under the company's patents and to use the company's proprietary know-how. At the same time, the company works with these and other companies that are evaluating the company's OLED technologies and materials for possible use in commercial OLED display and lighting products.

US Foods Holding Corp.

US Foods Holding. through its subsidiaries, markets and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These customer locations include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company provides fresh, frozen, and dry food stock-keeping units as well as non-food items, sourced from suppliers. The company's network of distribution facilities and trucks allow the company to operate and provide customer service.

Vale S.A. ADS

Valero Energy Corporation

Valero Energy is an international manufacturer and marketer of transportation fuels and petrochemical products. The company's segments include: Refining, which includes its refining operations, the associated marketing activities, and logistics assets that support its refining operations; Ethanol, which includes its ethanol operations, the associated marketing activities, and logistics assets that support its ethanol operations; and Renewable Diesel, which includes the operations of its joint ventture, Diamond Green Diesel Holdings LLC, which owns and operates a renewable diesel plant in Norco, LA.

Viad Corp

Viad is an experiential services company with operations in the U.S., Canada, the U.K., continental Europe, and the United Arab Emirates. The company operates through two business groups: GES U.S. and GES International, which is a live events company that produces exhibitions, conferences, corporate events, and consumer events including audio-visual services from technology to content and design, along with registration, data analytics, engagement, and online tools powered that help clients manage their events; and Pursuit, which is a collection of travel experiences that include recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.

Walt Disney Company

Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.

Waters Corporation

Waters is a holding company. Through its subsidiaries, the company is a specialty measurement company. The company primarily designs, manufactures, sells and services high performance liquid chromatography, ultra performance liquid chromatography and mass spectrometry technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans. In addition, the company designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments through its TA? product line. The company is also a developer and supplier of software-based products that interface with its instruments, as well as other manufacturers' instruments.

Worthington Industries Inc.

Worthington Industries is a metals manufacturing company, focused on steel processing and manufactured metal products. The company operates three segments: Steel Processing, which buys coils of steel from integrated steel mills and mini-mills and processes them to customer specifications; Pressure Cylinders, which manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, well water and expansion tanks, and oil and gas equipment with accessories and related products for end-use market applications; and Engineered Cabs, which designs and manufactures custom-engineered open and enclosed cabs and operator stations and custom fabrications and packaging for mobile equipment.

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

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