Report
Dave Nicoski ...
  • Ross LaDuke
EUR 45.53 For Business Accounts Only

Vermilion Compass: Weekly Equity Strategy

Monitoring Small- vs. Large-Caps and Growth vs. Value

Breadth has expanded significantly in recent weeks with the Russell 2000 (IWM) breaking above major 2.5-year resistance at $210; we remain bullish on small-caps and view this is an extremely bullish development for the broad equity market as long as the IWM remains above $210 support. At the same time, Technology/large-cap growth/Nasdaq 100 (QQQ) has consolidated after getting extended, and all indications suggest this is a buyable pullback. The QQQ violated its 20-day MA, but remains above gap support from June 12 at $467-472, a level that coincides with its 50-day MA; watch for support in this area. The S&P 500 is finding support right where we have been expecting it to -- at its 20-day MA (5540) and prior resistance-turned-support from late-June at 5500-5515. S&P 500 gap support from June 12th a
Underlyings
Camden National Corp.

Camden National is a bank holding company. The primary business of the company and its subsidiary, Camden National Bank (the Bank), is to accept deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Bank, through Camden National Wealth Management, provides a range of fiduciary and asset management services to both individual and institutional clients, and through Camden Financial Consultants, provides brokerage and insurance and its financial offerings include college, retirement, and estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities.

Capitol Federal Financial Inc.

Capitol Federal Financial is a savings and loan holding company. Through its Capitol Federal Savings Bank subsidiary, the company accepts deposits from the public and businesses and invests those funds in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences. The company also originates and participates in commercial loans, originates consumer loans secured by mortgages on one- to four-family residences, and invests in certain investment securities and mortgage-backed securities. The company provides a variety of deposit accounts, which include savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.

Citizens Financial Group Inc.

Citizens Financial Group is a bank holding company. The company's principal business activity is banking, conducted through its banking subsidiary Citizens Bank, National Association. The company's operating segments are: Consumer Banking and Commercial Banking. In Consumer Banking, the company provides mobile and online banking, a 24/7 customer contact center and automated teller machines. Consumer Banking products and services include a range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, the company provides corporate, institutional and not-for-profit clients a range of wholesale banking products and services including lending and deposits, and capital markets.

COHEN & STEERS GLOBAL IN PFD SHS SE

COINBASE GLOBAL INC

FIRST FINANCIAL BANCORP OHIO

First Financial is a bank holding company. Through its subsidiary, First Financial Bank (the Bank), the company engages in the business of commercial banking and other banking and banking-related activities. The range of banking services provided by the company to individuals and businesses includes commercial lending, real estate lending and consumer financing. In addition, the company provides deposit products that include interest-bearing and noninterest-bearing accounts, time deposits and cash management services for commercial customers. A range of trust and wealth management services is also provided through the company's Wealth Management line of business. The company also provides lease and equipment financing.

Great Southern Bancorp Inc.

Great Southern Bancorp is a bank holding company and a financial holding company. Through its subsidiary, Great Southern Bank (the Bank), the company provides a range financial services. The company's banking operation is engaged in originating residential and commercial real estate loans, construction loans, commercial business loans and consumer loans and funding these loans by accepting deposits from the general public, accepting brokered deposits and borrowing from the Federal Home Loan Bank of Des Moines and others. The Bank provides regular savings accounts, checking accounts, various money market accounts, fixed-interest rate certificates, brokered certificates and individual retirement accounts.

HARBORONE BANCORP INC NEW

HarborOne Bancorp is a bank holding company. Through its subsidiary, HarborOne Bank (the Bank), the company provides a variety of financial services to individuals and businesses online and through its branches, limited-service branch, and a commercial lending office. The company provides a range of educational services through HarborOne U, with classes on small business, financial literacy and personal enrichment at classroom sites. The company provides a selection of deposit instruments, including noninterest-bearing demand deposits (such as checking accounts), interest-bearing demand accounts (such as NOW and money market accounts), savings accounts and term certificates of deposit.

Houlihan Lokey Inc. Class A

Houlihan Lokey is a holding company that operates its business through its subsidiaries. The company is an investment bank engaged in mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The company markets its services through its product areas, its industry groups and its Financial Sponsors group, serving its clients in three primary business practices: Corporate Finance (encompassing M&A and capital markets advisory), Financial Restructuring (both out-of-court and in formal bankruptcy or insolvency proceedings) and Financial Advisory Services (including financial services, and a variety of valuation and financial and strategic consulting services).

M&T BANK CORPORATION

M&T Bank is a bank holding company. Through its subsidiaries, the company provides individuals, corporations and other businesses, and institutions with commercial and retail banking services, including loans and deposits, trust, mortgage banking, asset management, insurance and other financial services. Banking activities are primarily focused on consumers residing in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia and on small and medium-size businesses based in those areas. Certain subsidiaries also conduct activities in other areas.

Mccoy Bros Inc

McCoy Global is engaged in the business of providing services and equipment focused primarily on the global oil and gas sector. Co.'s two operating segments are (i) The Energy Products & Services segment: manufacture of drilling equipment, as well as service and replacement parts for the global energy market; and (ii) The Mobile Solutions segment: designs and manufactures custom heavy-duty trailers and offers a wide range of parts in services for heavy-duty trucks and trailers.

MERRILL LYNCH DEPOSIT GEC-1 A 6.05%

MicroStrategy Incorporated Class A

MicroStrategy is a provider of enterprise analytics software and services. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud subscriptions and related services. The company's main offering is MicroStrategy 2020?, which delivers modern analytics on an open, enterprise platform. The company also provides MicroStrategy Consulting? and MicroStrategy Education? to help customers deploy, optimize, and manage their analytics initiatives.

Old National Bancorp

Old National Bancorp is a financial holding company that operates primarily in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. Through its wholly owned banking subsidiary, Old National Bank, the company provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other banking services. In addition to the community banking services of lending and providing deposit services, the company provides wealth management, investment, and foreign currency services. For businesses, the company provides treasury management, merchant, health savings, and capital markets services, among others.

PIONEER BANCORP INC

Pioneer Bancorp is a holding company. Through its subsidiary, Pioneer Bank (The Bank), the company provides financial services in the Capital Region of New York State. The company's primary deposit products are checking, savings, money market, and certificate accounts, and its primary lending products are residential mortgage, home equity, commercial business and commercial real estate loans. The company's principal lending activity has been originating commercial real estate loans (including multi-family real estate loans), commercial and industrial loans, commercial construction loans and home equity loans and lines of credit.

Piper Sandler Companies

Piper Sandler is holding company. Through its subsidiaries, the company is an investment bank and asset management firm. The company provides products and services, such as financial advisory services, equity and debt capital markets products, public finance services, equity research and institutional brokerage, fixed income institutional brokerage, and asset management services. The company's segments are: Capital Markets, which provides investment banking and institutional sales, trading and research services for various equity and fixed income products; and Asset Management, which includes the company's asset management business and its investments in registered funds and private funds or partnerships that the company manages.

Premier Financial Corp

UMB Financial Corporation

UMB Financial is a bank holding company and a financial holding company. Through its subsidiaries, the company provides banking services and asset servicing to its customers. The company's segments include: Commercial Banking, which serves the commercial lending and leasing, capital markets, and treasury management needs of the company's mid-market businesses and governmental entities; Institutional Banking, which is a combination of banking services, fund services, and asset management services provided to institutional clients; Personal Banking, which combines consumer services and asset management provided to personal clients; and Healthcare Services, which provides healthcare payment solutions.

Washington Trust Bancorp Inc.

Washington Trust Bancorp is a bank holding company. Through its subsidiary, The Washington Trust Company, of Westerly, the company provides a range of banking and financial services to individuals and businesses, including commercial, residential and consumer lending, retail and commercial deposit products, and wealth management and trust services. The company's deposit accounts consist of noninterest-bearing demand deposits, interest-bearing demand deposits, NOW accounts, savings accounts, money market accounts and time deposits.

Waterstone Financial

Waterstone Financial is a savings and loan holding company. Through its subsidiary, WaterStone Bank SSB (the Bank), the company provides financial services to customers in southeastern Wisconsin. The Bank's principal lending activity is originating one- to four-family, multi-family residential, and commercial real estate loans. The Bank also provides home equity loans and lines of credit, construction and land loans, commercial real estate and commercial business loans, and consumer loans. The company's deposit offerings include certificates of deposit, money market savings accounts,transaction deposit accounts, non-interest bearing demand accounts and individual retirement accounts.

Webster Financial Corporation

Webster Financial is a bank holding company and financial holding company. The company, through its subsidiary, Webster Bank, National Association, delivers banking, investment, and financial services. The company provides mortgage lending, financial planning, trust, and investment services through banking centers, ATMs, a customer care center, and a range of web and mobile-based banking services. The company also provides equipment financing, commercial real estate lending, asset-based lending, and treasury and payment solutions primarily in the eastern United States. The company provides health savings accounts, while also delivers health reimbursement arrangements, and commuter benefit account administration services.

Wintrust Financial Corporation

Wintrust Financial is a financial holding company.Through its community banking segment, the company's banking subsidiaries provide community-oriented, personal and commercial banking services. Through its specialty finance segment, the company provides financing of insurance premiums for businesses and individuals; accounts receivable financing, out-sourced administrative services; and other finance businesses. Through its wealth management segment, the company provides a range of wealth management services including trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services.

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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