Bullish Outlook Focused on Large- and Mid-Caps Considering constructive market dynamics and the recent S&P 500 (SPX) breakout above 5783 following several months of consolidation, we upgraded our outlook to bullish as of last week's U.S. Macro Vision report (10/15/24). Since late-July, we have been neutral on the SPX, preferring to buy near 5100-5200 support and sell near 5670-5783 resistance until there is a break in either direction. The verdict of the market is the only one that matters, and...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been selected as the City of Palmdale’s consultant to lead a new program focusing on innovative solutions and smart city development. With this three-year contract, Willdan will help the City’s staff develop scopes and identify funding or revenue sources for alternative technology and innovative energy projects that address key infrastructure challenges. This program fosters applying, testing, and evaluating new ideas in real environments. Potential projects include enhancements for energy technol...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that the City of Seattle has awarded Willdan a four-year contract to implement its Seattle City Light Energy Design Assistance Program. Under this contract, Willdan will provide technical assistance that supports energy-efficient design decisions in the development of new multifamily and commercial buildings. Willdan will also partner and subcontract with qualified, local women- and minority-owned businesses, sharing knowledge and its NEO® software – a simplified energy modeling tool – to demonstrate ways to ...
Bull Trap Still Brewing? The S&P 500 (SPX) continues to hold below 5783, which is the upper-end of an important target/resistance area (5670-5783) we have discussed since our 8/13/24 Compass, just after the SPX hit our 5100-5191 "expected pullback zone." 5670 was the prior all-time high set in July, while 5783 is 2% above 5670. The current "breakout" above 5670 is an extraordinarily weak one, which usually suggests a false breakout/bull trap is brewing; the SPX has spent nearly three weeks abov...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN), today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, October 31, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT / 2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan’s website at: alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. EDT / ...
SPX Bull Trap Setting Up? The S&P 500 (SPX) is approaching 5783, which is the upper-end of an important target/resistance area we have discussed for over a month (5670-5783). Using the 2007 SPX topping analog which has tracked the current market almost perfectly, it would suggest a 2% or less move above the prior all-time high set in July at 5670 before topping, which is where we get the 5783 number... see chart below. We acknowledge that the SPX is technically "breaking out" to all-time highs ...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Summary Michael Baker International LLC - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Michael Baker International LLC (Michael Baker) is a provider of engineering and consulting services. Its service portfolio includes design-build, construction management and inspection,...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that Clark County School District – the fifth largest school district in the United States – has selected Willdan for a $102 million contract to deliver energy-saving projects across 204 schools. The retrofits and upgrades will save the District an estimated $170 million in lifetime energy savings and an estimated $700,000 in annual operations and maintenance costs. This contract marks the second phase of projects that Willdan will implement for the District, encompassing approximately double the square foo...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today reported financial results for its second quarter ended June 28, 2024. Second Quarter 2024 Highlights* Contract revenue of $141.0 million, up 18.4%. Net revenue** of $72.5 million, up 17.0%. Net income of $4.6 million, up from net income of $0.4 million. Adjusted EBITDA** of $12.8 million, up 56.2%. GAAP Diluted EPS of $0.33, up from $0.03. Adjusted Diluted EPS** of $0.55, up from $0.26. Recent Notable Wins Meta (formerly Facebook) contract to study emissions related to voluntary c...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has delivered energy efficiency projects for a large data center in the Pacific Northwest, exceeding 4.1M kWh in annual savings and reducing peak load by 475 kW. Willdan has supported projects for the data center’s owner – a national telecommunications service provider – for nearly a decade. In this latest project, Willdan secured more than $1.7 million in incentives through local utility energy efficiency programs to help fund the early replacement of uninterruptible power supply systems. Close colla...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that Energy + Environmental Economics (E3), Willdan’s wholly owned subsidiary, has been selected by the City of Pasadena’s community-owned utility Pasadena Water and Power to develop an Optimized Strategic Plan for sourcing carbon-free electricity. The City has set a goal to secure 100% of its electricity from carbon-free sources by 2030. E3 will work closely with Pasadena Water and Power and the City to explore a wide range of options, including distributed energy resources, renewables, storage, and emerging...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN), today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, August 1, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan’s website at: . Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 ...
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, August 1, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan’s website at: . Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p...
U.S. Dollar (DXY) Violating YTD Uptrend Signs continue to point to the formation of a new uptrend on the S&P 500, something we have discussed as our expectation on a weekly basis since late-April (4/30/24 Compass). Shorterterm, both the S&P 500 and Russell 2000 are trading/consolidating within 1.5-2 week bull flag patterns, and we are on the lookout for upside breakouts due to ongoing healthy market dynamics. Our bullish outlook (since early-November 2023) remains intact. • S&P 500, Russell 2000...
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