Three Directors at PBF Energy Inc sold/sold after exercising options 431,026 shares at between 49.601USD and 51.660USD. The significance rating of the trade was 70/100. 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 t...
Downgrading Outlook to Bearish; Stay Defensive We are officially downgrading our outlook to bearish with the S&P 500 (SPX) violating major support at 6480-6520, Nasdaq futures (NQ) violating 24,000 support, and the Russell 2000 (IWM) breaking down below crucial $245 support. This comes after downgrading our outlook to neutral in our 3/3/26 Compass. Concerns that we discussed since early-February stemmed from deteriorating market dynamics, and ever since then we have been "concerned about a deep...
Credit markets are accurately stating credit risk with a YTW of 7.161% relative to an Intrinsic YTW of 6.947% and an Intrinsic CDS of 246bps. Meanwhile, Moody's is overstating the firm's fundamental credit risk, with its Ba2 credit rating four notches lower than Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights mostly negative signals for credit holders. That said, as a positive, management members are material owners of PBF equity relative to their annual comp...
Credit markets are overstating credit risk with a YTW of 6.854% relative to an Intrinsic YTW of 5.794% and an Intrinsic CDS of 195bps. Furthermore, Moody's is overstating the firm's fundamental credit risk, with its Ba2 credit rating four notches lower than Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights mixed signals for credit holders. That said, as a positive, management members are material owners of PBF equity relative to their annual compensation, indic...
Local Low in Place; Russell 2000 (IWM) Holds at $245 Our outlook as of last week (3/3/26 Compass) remains near-term neutral on the S&P 500 (SPX), after being bullish for all but one week since 4/22/25 (we went neutral 11/19/25-11/25/25). With that said, signs point to a local low being made yesterday after indexes went from heavily red, to firmly green as Trump signaled the war with Iran is nearing an end; Russell 2000 (IWM) held at 4+ year base support of $245, while S&P 500 futures (ES) held ...
Moody's Ratings (Moody's) assigned a Ba3 rating to Sirius XM Radio LLC's (Sirius XM) new senior unsecured note. The Ba3 corporate family rating (CFR), Ba3-PD probability of default rating (PDR), the existing Ba3 senior unsecured notes rating, and stable outlook all remain unchanged. The speculative ...
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