reports
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
SPX 4165-4200 in Play; Breadth Improving In our 3/21/23 Compass we discussed the potential for a 2-5% rally to the 1.5-month downtrend on the S&P 500, or even the 4165-4200 range, which we noted would set up an opportunity to get more defensive. The S&P 500 has gained 4.5% since, but has reversed topside the downtrend, putting a test of 4165-4200 in play. We still believe 4165-4200 will cap upside in 2023 -- with a reach to 4300-4325 also possible -- but considering limited upside, we recommend...
HAM HARMONY GOLD MINING CO LTD (ADR)
CLH CLEAN HARBORS INC.
AU ANGLOGOLD ASHANTI LTD. ADS
PESI PERMA-FIX ENVIRONMENTAL SERVICES INC.
EGO ELDORADO GOLD CORP.
EDR. ENDEAVOUR SILVER CORP.
BSX. BELO SUN MINING CORP.
GEI GIBSON ENERGY INC.
IMG. IAMGOLD CORPORATION
PEN PANORO ENERGY ASA
HSIL HSIL
AQUA EVOQUA WATER TECHNOLOGIES CORP
DUBA DRDGOLD LTD. ADS
AKG GALIANO GOLD INC
MUX MCEWEN MINING INC.
TRX TERMINAL X ONLINE LTD.
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Bullish Outlook Intact; Mining For Gold As highlighted in last week's U.S. Macro Vision, our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). Considering these breakouts along with ongoing healthy market dynamics, we continue to believe we have officially entered a new broad-based bull market. Materials Breaking Out To New Highs, Joins Other Cyclicals. Materials (XLB) is the latest Sector to break out to new 2021 highs, providing more ev...
HAM HARMONY GOLD MINING CO LTD (ADR)
GFI GOLD FIELDS LTD. ADS
AU ANGLOGOLD ASHANTI LTD. ADS
NFLX NETFLIX INC.
EGO ELDORADO GOLD CORP.
IMG. IAMGOLD CORPORATION
PVG. PRETIUM RESOURCES INC.
SEA SEABRIDGE GOLD
NFD/A NORTHFIELD CAPITAL CORP. CL A
GDX VANECK VECTORS GOLD MINERS ETF
AMZN AMAZON.COM INC.
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Weakening Dollar, Strengthening Commodities We continue to see increasingly more reasons to be bullish than not, and we believe the path of least resistance is higher for US equities. We also continue to recommend a “buy the dip†strategy. Below we outline new developments, including more signs that the US dollar is rolling over, bullish developments for gold & gold miners, and major breakouts for the Consumer Discretionary Sector. • Weak Dollar, Strong Commodity. The US dollar (DXY) con...
WRN WESTERN COPPER AND GOLD
SCCO SOUTHERN COPPER CORPORATION
HAM HARMONY GOLD MINING CO LTD (ADR)
HL HECLA MINING COMPANY
HAL HALLIBURTON COMPANY
GFI GOLD FIELDS LTD. ADS
FCX FREEPORT-MCMORAN INC.
CDE COEUR MINING INC.
AU ANGLOGOLD ASHANTI LTD. ADS
SVM. SILVERCORP METALS
CLB CORE LABORATORIES NV
FR. FIRST MAJESTIC SILVER CORP.
FVI. FORTUNA SILVER MINES INC.
PAAS PAN AMERICAN SILVER CORP.
NOV. NOV INC.
RES RPC INC.
SBGL SIBANYE STILLWATER
USA.. AMERICAS SILVER CORP
WPM WHEATON PRECIOUS METALS CORP
BKR BAKER HUGHES COMPANY CLASS A
SSRM SSR MINING INC
DUBA DRDGOLD LTD. ADS
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Here we go again In last week's Compass we laid the case that markets were at a key inflection point heading into the first Fed rate cut in over a decade. Despite hawkish Fed takeaways, it was the escalation in the U.S.-China trade war that was the bigger story, however both weighed on global equities. Needless to say, everything we highlighted last week as being at a key inflection point failed to resolve in a manner that was bullish for equities. Below we highlight several developments we are...
NEM NEWMONT CORPORATION
NG. NOVAGOLD RESOURCES INC.
HAM HARMONY GOLD MINING CO LTD (ADR)
GFI GOLD FIELDS LTD. ADS
FNV. FRANCO-NEVADA CORPORATION
AU ANGLOGOLD ASHANTI LTD. ADS
AGI. ALAMOS GOLD INC.
ABX. BARRICK GOLD CORPORATION
EGO ELDORADO GOLD CORP.
K. KINROSS GOLD CORPORATION
SVM. SILVERCORP METALS
AEM. AGNICO EAGLE MINES LIMITED
BTO B2GOLD CORP.
FR. FIRST MAJESTIC SILVER CORP.
PAAS PAN AMERICAN SILVER CORP.
SEA SEABRIDGE GOLD
EEM ISHARES MSCI EMERGING MARKETS ETF
SBGL SIBANYE STILLWATER
IWM ISHARES RUSSELL 2000 INDEX FUND
USA.. AMERICAS SILVER CORP
NMI. KIRKLAND LAKE GOLD LTD.
WPM WHEATON PRECIOUS METALS CORP
SSRM SSR MINING INC
XLP SELECT SECTOR SPDR-CONSUMER STAPLES
XLI SELECT SECTOR SPDR-INDUSTRIAL
XLU SELECT SECTOR SPDR-UTILITIES
EFA ISHARES TRUST MSCI EAFE INDEX FUND
KBE SPDR KBW BANK ETF
JNK SPDR BARCLAYS HIGH YIELD BOND ETF
DUBA DRDGOLD LTD. ADS
ACWI ISHARES MSCI ACWI ETF
VNQ VANGUARD REIT ETF
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Market activity, both bonds and stocks, has been all about realigning expectations. Wednesday's Fed announcement was more dovish than expected, and the market is now pricing in roughly 25bps of cuts by the end of 2019. Stocks reacted positively on Thursday, but then reversed (and then some) on Friday as global growth concerns became a little more serious. We continue to maintain our positive outlook and highlight below several observations which lead us to this conclusion. • Broadening yield ...
GPN GLOBAL PAYMENTS INC.
V VISA INC. CLASS A
TSN TYSON FOODS INC. CLASS A
SQ SQUARE INC. CLASS A
SAFM SANDERSON FARMS INC.
PYPL PAYPAL HOLDINGS INC
PPC PILGRIM'S PRIDE CORPORATION
PAYX PAYCHEX INC.
IT GARTNER INC.
INFY INFOSYS LIMITED ADS
HRL HORMEL FOODS CORPORATION
HAM HARMONY GOLD MINING CO LTD (ADR)
GFI GOLD FIELDS LTD. ADS
FLT FLEETCOR TECHNOLOGIES INC.
FISV FISERV INC.
FIS FIDELITY NATIONAL INFORMATION SERVICES INC.
DAR DARLING INGREDIENTS INC.
AU ANGLOGOLD ASHANTI LTD. ADS
ADP AUTOMATIC DATA PROCESSING INC.
CJ5A CGI
TRX TANZANIAN GOLD
SEB SEABOARD CORP.
SBGL SIBANYE STILLWATER
EXPGY EXPERIAN PLC
GSS GOLDEN STAR RESOURCES LTD.
WP WORLDPAY INC. CLASS A
- Louis AZAIS
- Louis AZAIS
- Louis AZAIS
- Louis AZAIS
- Louis AZAIS
Short term view - HARMONY GOLD : The resistance has been reached, it c...
The previous low has been broken, the bearish trend is confirmed. The next target is at $1.2000. The invalidation level is above $1.8000.Arguments :- The support has been breached.- The resistance has been reached, it causes the fall.- The moving average is capping prices.
- Louis AZAIS
Analyse court terme - HARMONY GOLD : La résistance est atteinte, elle...
Le précédent creux vient d'être enfoncé, ceci confirme la tendance baissière. Le prochain objectif est à 1,2000 $. Le niveau d'invalidation est au-dessus de 1,8000 $.Arguments :- Le support est enfoncé.- La résistance est atteinte, elle cause le repli.- La moyenne mobile sert de résistance.
- Louis AZAIS
- Louis AZAIS
- Sid Rajeev
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
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