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Tutor Perini Corp: 1 director

A director at Tutor Perini Corp sold 250,000 shares at 28.757USD and the significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+22)

Vermilion Compass: Weekly Equity Strategy

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...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+25)

Vermilion Compass: Weekly Equity Strategy

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...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+31)

Vermilion Compass: Weekly Equity Strategy

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 ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

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.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

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.

Tutor Perini Corporation: Covenant Quality Post-Sale Snapshot: $400m 1...

Tutor Perini Corporation's covenant package provides weak protection, reflecting a CQ score of 3.72.

Tutor Perini Corporation: Update following CFR affirmation

Our credit view of this issuer reflects its leading position in construction services across diverse end markets, against its inconsistent operating performance.

Moody's Ratings assigns Caa1 rating to Tutor Perini's new notes; revis...

Moody's Ratings affirmed Tutor Perini Corporation's ("Tutor Perini") B3 corporate family rating ("CFR"), and its B3-PD probability of default rating ("PDR"). Moody's Ratings has assigned a Ba3 rating to the company's amended and extended senior secured first lien revolving credit facility. The ratin...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+25)

Vermilion Compass: Weekly Equity Strategy

Downgrading Real Estate to Underweight Our bullish outlook we initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the S&P 500 (implying 7-10% downside) and market dynamics remain healthy. To be clear, we are not calling for a pullback to 4800; we view it as a worst-case scenario for the S&P 500, and we simply want to be prepared for anything. Shorter-term, we remain bullish on the S&P 500 and Nasdaq 100...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) and Treasury Yields Roll Over The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. This is a hallmark of bull markets; we will be sure to point it out when this dynamic starts to change. In the meantime, we want to continue riding this bull market higher, and our bullish outlook (since early November 2023) remains intact. Gold and Silver Breaking Out as the U.S. Dollar (DXY) a...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+24)

Vermilion Compass: Weekly Equity Strategy

Yesterday's hotter-than-expected CPI report continues to suggest a more restrictive Fed policy than the market has been expecting. This raises the possibility of further consolidation for small- and mid-caps. Meanwhile, large-cap indexes (S&P 500, Nasdaq 100) remain bullish, finding support at their respective 20-day MAs since November 2023; the only question is whether that will continue to be the case, as our main concern remains rising Treasury yields and the U.S. dollar (DXY), which have bro...

Tutor Perini Corporation: Update following downgrade to B3

Our credit view of this issuer reflects its leading position in construction services across diverse end markets, against its inconsistent operating performance.

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