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.
A director at Gartner Inc sold 1,200 shares at 489.770USD and the significance rating of the trade was 72/100. 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 clearly sho...
Still No Decisive Breakout as SPX Tests 5783 The S&P 500 (SPX) remains just below 5783, which is the upper-end of an important target/resistance area we have discussed for over a month (5670-5783). 5670 was the prior all-time high set in July, while 5783 is 2% above 5670. It is hard to call it a "decisive" breakout if the SPX is not even 2% above its prior high, and, importantly, in 2007, the SPX made a top after climbing 1-2% above its prior high. To reiterate, the 2007 topping analog has trac...
The independent financial analyst theScreener just lowered the general evaluation of GARTNER INC (US), active in the Computer Services industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 18, 2022, the closing price was USD 278.0...
Current market expectations for IIVI don't comprehend the company's macro tailwinds. The company supplies the technology that allows big macro trends around 5G, the Internet of Things, and autonomous vehicles to bloom. Its tailwinds from these markets continue to take off, and in the case of autonomous vehicles, it is essential to any success at all. As booming demand accelerates in these end markets, the company is likely to see strong fundamental momentum the market isn't pricing in, both...
Gartner, Inc. (IT:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 34.0x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about EBITDA growth, client engagement, and their conferences business. Specifically, management may lack confidence in their ability to sustain growth in EBITDA, conference revenue, and operating cash flow. In addition, management may have concerns about the sustaina...
Index and Sector Breakdowns Remain Absent Weak market dynamics continue to be counterbalanced by the fact that there is an absence of breakdowns at the index and Sector level; even the weakest Sectors such as Energy (XLE, XOP, RYE) and Transportation (IYT, XTN, JETS) are holding above key supports. Until we start to see breakdowns at the Sector and index level, we remain constructive overall. Breakdowns Remain Absent. There continues to be an absence of breakdowns at the index and Sector level, ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
SPX 4400 Target In Sight; Constructive Outlook Intact Our weight of the evidence approach continues to lead us to our view that the market remains mixed-yet-constructive overall. We explain our outlook below. S&P 500. The S&P 500 remains bullish, progressing past our first target of 4350 and now on its way to our next target of 4400-4406. As long as 4257-4275 support holds, we expect to see 4400 followed by 4460. Should 4257 fail to hold, our next support levels to watch would be 4164 followed...
Current market expectations for EBAY are excessively pessimistic. Markets expect UAFRS-based (Uniform) ROA (ROA') to decline significantly going forward, even though ROA' has been remarkably stable since the company spun off the PayPal business in 2015. However, EBAY has robust economic moats in its core marketplace and successfully monetized its StubHub business at the optimal time and its classifieds businesses. It is the market leader with strong competitive advantages, which give reasons for...
Gartner, Inc. (IT:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 34.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about their client retention, GBS enterprise business, and revenue growth Specifically, management may be concerned about the continued reduction in GTS seats per client, the churn of legacy clients for Global Business Services (GBS) enterprises, and the sustainabilit...
Summary Marketline's CBIZ, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by CBIZ, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic g...
WGO currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with an 18.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 26% in 2019 to 18% in 2024, accompanied by 3% Uniform asset growth going forward. Analysts have similar expectations, projecting Uniform ROA to drop to 12% levels in 2020, amidst coronavirus-driven headwinds, before recovering to just 21% in 2021, accompanied by 9% Uniform asset growth as a resu...
Gartner, Inc. (IT:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 30.4x Uniform P/E. At these levels, the market has expectations for profitability to remain stable, and management is confident about the strength of their business, their ability to operate remotely, and conference attendance Specifically, management generated an excitement marker when saying that they are in a stronger position than they were during the Great Recession in 2008-2009....
PFE currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 15.2x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 19% in 2018 to 14% in 2023, accompanied by 2% Uniform Asset shrinkage going forward. However, analysts have less bearish expectations, projecting Uniform ROA to only decline to 17% by 2020, accompanied by 3% Uniform Asset shrinkage. Additionally, management is confident about their Array and Mylan tr...
Gartner, Inc. (IT:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 26.8x Uniform P/E. At these levels, the market has expectations for stable profitability, but management has concerns about EBITDA, contract value, and headcount. Specifically, management may lack confidence in their ability to sustain growth among all of their business segments, and they may be concerned about the sustainability of recent backlog growth. Furthermore, they may lack co...
LYB currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 12.4x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 19% in 2018 to 8% in 2023, accompanied by 5% Uniform Asset growth going forward. Analysts have similar expectations, projecting Uniform ROA to compress to 15% levels in 2020, accompanied by immaterial Uniform Asset growth. Additionally, management is confident about their M&A strategy, capacity, ...
Market rangebound; Upgrading Services In last week's Compass we made several observations which led us to be cautious. All of the concerning observations have since reversed as the market found support: the U.S. dollar weakened, defensive areas underperformed, cyclical areas held at logical support, high yield spreads narrowed, and the 10-year Treasury yield found support. These positive developments are encouraging, however we believe the market remains rangebound. • S&P 500 levels. We beli...
HOLX currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with an 18.5x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 36% in 2018 to 16% in 2023, accompanied by 10% Uniform Asset growth. Analysts have similar expectations, projecting Uniform ROA to decline to 28% in 2020, accompanied by immaterial Uniform Asset growth. However, management is excited about the efficacy of their products, and confident in the margin...
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