reports
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
More Breakouts and Risk-On Developments We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and the SPX is above 5700-5785, though we believe there is a low probability that this level gets tested any time soon. Short-term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-605...
EME EMCOR GROUP
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
FLR FLUOR CORPORATION
MYRG MYR GROUP INC.
AGX ARGAN INC.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
SNEX STONEX GROUP INC
HOOD ROBINHOOD MARKETS INC
COIN COINBASE GLOBAL INC
J JACOBS SOLUTIONS INC.
PRIM PRIME ENERGY P.E. LTD
BULL WEBULL CORPORATION
BWX Technologies Inc: 1 director
A director at BWX Technologies Inc sold 6,000 shares at 104.027USD and the significance rating of the trade was 84/100. 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 cl...
Moody's Ratings upgrades BWXT's CFR to Ba1; outlook is stable
Moody's Ratings (Moody's) upgraded BWX Technologies, Inc.'s (BWXT) corporate family rating (CFR) to Ba1 from Ba2 and upgraded the probability of default rating to Ba1-PD from Ba2-PD. Concurrently, we upgraded the company's senior unsecured notes ratings to Ba2 from Ba3. The Speculative Grade Liquidi...
- Dave Nicoski
- Ross LaDuke
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...
EME EMCOR GROUP
LII LENNOX INTERNATIONAL INC.
WLDN WILLDAN GROUP
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
FLR FLUOR CORPORATION
GLDD GREAT LAKES DREDGE & DOCK CORPORATION
KBR KBR INC.
AGX ARGAN INC.
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
BV BRIGHTVIEW HOLDINGS
IESC IES HOLDINGS INC.
TT TRANE TECHNOLOGIES PLC
J JACOBS SOLUTIONS INC.
PRIM PRIME ENERGY P.E. LTD
- Dave Nicoski
- Ross LaDuke
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...
EME EMCOR GROUP
WLDN WILLDAN GROUP
TRN TRINITY INDUSTRIES INC.
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
NWPX NORTHWEST PIPE CO.
MTZ MASTEC INC.
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
FLR FLUOR CORPORATION
GLDD GREAT LAKES DREDGE & DOCK CORPORATION
KBR KBR INC.
PRIM PRIMORIS SERVICES CORPORATION
AGX ARGAN INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
BV BRIGHTVIEW HOLDINGS
BW BABCOCK & WILCOX ENTERPRISES
IESC IES HOLDINGS INC.
J JACOBS SOLUTIONS INC.
TISI TEAM INC.
- Dave Nicoski
- Ross LaDuke
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 ...
EME EMCOR GROUP
RGLD ROYAL GOLD INC.
NEM NEWMONT CORPORATION
WLDN WILLDAN GROUP
VGZ. VISTA GOLD CORP.
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
NGD. NEW GOLD INC.
NG. NOVAGOLD RESOURCES INC.
MTZ MASTEC INC.
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
AGI. ALAMOS GOLD INC.
ABX. BARRICK GOLD CORPORATION
TKO. TASEKO MINES LIMITED
FLR FLUOR CORPORATION
K. KINROSS GOLD CORPORATION
EDR. ENDEAVOUR SILVER CORP.
BTO B2GOLD CORP.
IMG. IAMGOLD CORPORATION
JAGGF JAGUAR MINING INC.
SEA SEABRIDGE GOLD
PRIM PRIMORIS SERVICES CORPORATION
AGX ARGAN INC.
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
ELD ELDORADO GOLD CORPORATION
IESC IES HOLDINGS INC.
WR.H WORLDWIDE RESOURCES CORP
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
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...
WLDN WILLDAN GROUP
TJX TJX COMPANIES INC
STRL STERLING CONSTRUCTION COMPANY INC.
GVA GRANITE CONSTRUCTION INCORPORATED
GPS GAP INC.
DY DYCOM INDUSTRIES INC.
CAL CALERES INC.
BWXT BWX TECHNOLOGIES INC.
BOOT BOOT BARN HOLDINGS
ANF ABERCROMBIE & FITCH CO. CLASS A
AEO AMERICAN EAGLE OUTFITTERS INC.
FLR FLUOR CORPORATION
ROST ROSINTER RESTAURANTS HOLDING ORD SHS
TPC TAN DAI HUNG PLASTIC
MYRG MYR GROUP INC.
ORN ORION GROUP HOLDINGS
SCVL SHOE CARNIVAL INC.
AGX ARGAN INC.
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
BV BRIGHTVIEW HOLDINGS
DBI DESIGNER BRANDS INC. CLASS A
IESC IES HOLDINGS INC.
PRIM PRIME ENERGY P.E. LTD
- Dave Nicoski
- Ross LaDuke
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...
EME EMCOR GROUP
URI UNITED RENTALS INC.
WLK WESTLAKE CHEMICAL CORPORATION
WLDN WILLDAN GROUP
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
MTRX MATRIX SERVICE COMPANY
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
HRI HERC HOLDINGS INC.
KBR KBR INC.
MYRG MYR GROUP INC.
AGX ARGAN INC.
VVV VALVOLINE INC.
HEES H&E EQUIPMENT SERVICES INC.
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
ALTG ALTA EQUIP GROUP INC
J JACOBS SOLUTIONS INC.
PRIM PRIME ENERGY P.E. LTD
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Small Caps Outperform Despite "Hot" Inflation Reports In spite of last week's hotter-than-expected inflation reports (CPI and PPI), the S&P 500 remains above its 20-day MA, and, more notably, the Russell 2000 (IWM) outperformed relative to the SPX and QQQ, and ended the week at YTD weekly closing highs. Small-caps are supposed to fall and/or underperform if inflation is on the rise. When stocks do the opposite of what is expected of them, that is valuable information. The fact that small- and m...
UHS UNIVERSAL HEALTH SERVICES INC. CLASS B
THC TENET HEALTHCARE CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
HCA HCA HEALTHCARE INC
GVA GRANITE CONSTRUCTION INCORPORATED
EZPW EZCORP INC. CLASS A
ENVA ENOVA INTERNATIONAL INC
ENSG ENSIGN GROUP INC.
BWXT BWX TECHNOLOGIES INC.
CYH COMMUNITY HEALTH SYSTEMS INC.
MYRG MYR GROUP INC.
ARCAY ARCADIS N.V.
CSU CAPITAL SENIOR LIVING
NHC NHC COMMUNICATIONS
FCFS INC.
FIRSTCASH HLDGS INC
- Dave Nicoski
- Ross LaDuke
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...
EME EMCOR GROUP
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
PSX PHILLIPS 66
PBF PBF ENERGY INC. CLASS A
NVEE NV5 GLOBAL INC.
MUSA MURPHY USA INC.
MPC MARATHON PETROLEUM CORPORATION
GVA GRANITE CONSTRUCTION INCORPORATED
CVI CVR ENERGY INC.
BWXT BWX TECHNOLOGIES INC.
FLR FLUOR CORPORATION
MYRG MYR GROUP INC.
PRIM PRIMORIS SERVICES CORPORATION
VLO VALERO ENERGY CORPORATION
DK DELEK US HOLDINGS INC
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
PSN PARSONS
IESC IES HOLDINGS INC.
DINO HOLLYFRONTIER CORP
J JACOBS SOLUTIONS INC.
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
U.S. Dollar, 10-Year Treasury Yield, Commodities. Over the past two weeks we have discussed the multitude of signals that either suggest (1) the bear market is over, or (2) this rally is likely to continue. Nothing has changed in terms of these expectations. Chief among the reasons we expect the rally to continue are the breakdowns in the U.S. dollar (DXY) and 10-year Treasury yield, which we view as possible early topping signals. Commodities and WTI crude oil have continued to consolidate, tho...
EME EMCOR GROUP
RS RELIANCE STEEL & ALUMINUM CO.
NUE NUCOR CORPORATION
ZEUS OLYMPIC STEEL INC.
WOR WORTHINGTON INDUSTRIES INC.
STLD STEEL DYNAMICS INC.
PWR QUANTA SERVICES INC.
PENN PENN NATIONAL GAMING INC.
MCRI MONARCH CASINO & RESORT INC.
FWRD FORWARD AIR CORPORATION
DY DYCOM INDUSTRIES INC.
CMC COMMERCIAL METALS COMPANY
CHDN CHURCHILL DOWNS INCORPORATED
BWXT BWX TECHNOLOGIES INC.
FLR FLUOR CORPORATION
RRR RED ROCK RESORTS INC. CLASS A
LSTR LANDSTAR SYSTEM INC.
X UNITED STATES STEEL CORPORATION
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Another Bear Market Rally Begins The bear market rally we have been discussing since our Sept. 27 Compass has begun, with over half of the Sectors and all the major indexes (S&P 500, Nasdaq 100, DJIA, and S&P 600 Small Caps) showing bullish 2+ month inflections. As referenced last week, we expect the aforementioned indexes to rally to their respective 200-day MAs; longer-term, this is still a bear market until they can break above their respective 200-day MAs. Bullish 2+ Month Inflections. As ...
EME EMCOR GROUP
SLB.N SCHLUMBERGER NV
PWR QUANTA SERVICES INC.
HAL HALLIBURTON COMPANY
I3N CHART INDUSTRIES INC.
EURN EURONAV NV
DY DYCOM INDUSTRIES INC.
DHT DHT HOLDINGS INC.
BWXT BWX TECHNOLOGIES INC.
GLOP GASLOG PARTNERS LP
FLR FLUOR CORPORATION
TK TEEKAY CORPORATION
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
FI FRANK'S INTERNATIONAL NV
TTI TETRA TECHNOLOGIES INC.
WFT.. WEATHERFORD INTERNATIONAL PLC
INSW INTERNATIONAL SEAWAYS INC.
PUMP PROPETRO HOLDING CORP.
SOI SOLARIS OILFIELD INFRASTRUCTURE
BKR BAKER HUGHES COMPANY CLASS A
WTTR SELECT ENERGY SERVICES INC. CLASS A
WHD CACTUS INC
REEMF RARE ELEMENT RESOURCES
NEX NEXTIER OILFIELD SOLUTIONS INC.
TNK TEEKAY TANKERS
CHX CHAMPIONX CORPORATION
NOV NOV INC.
Moody's affirms BWXT's Ba2 CFR; outlook changed to stable from negativ...
Moody's Investors Service ("Moody's") has affirmed the ratings of BWX Technologies, Inc. ("BWXT"), including its Ba2 Corporate Family Rating (CFR) and Ba3 senior unsecured notes ratings. Concurrently, Moody's upgraded BWXT's Speculative Grade Liquidity (SGL) Rating to SGL-2 from SGL-3 and changed th...
- 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.
PBH PRESTIGE CONSUMER HEALTHCARE INC
MRCY MERCURY SYSTEMS INC.
MGPI MGP INGREDIENTS INC.
LNN LINDSAY CORPORATION
III INFORMATION SERVICES GROUP INC.
HURN HURON CONSULTING GROUP INC.
FC FRANKLIN COVEY CO.
ESE ESCO TECHNOLOGIES INC.
CW2 CONSOLIDATED WATER CO
CLFD CLEARFIELD INC.
BWXT BWX TECHNOLOGIES INC.
AMSF AMERISAFE INC.
UFCS UNITED FIRE GROUP INC.
NOC NORTHROP GRUMMAN CORPORATION
BSET BASSETT FURNITURE INDUSTRIES INC.
AGYS AGILYSYS INC.
GNE GENIE ENERGY LTD. CL B
ELF E.L.F. BEAUTY INC.
KNSL KINSALE CAPITAL GROUP INC.
PRPH PROPHASE LABS INC
YMAB Y-MABS THERAPEUTICS
STRA STRATEGIC EDUCATION INC.
GOSS GOSSAMER BIO
AVEO AVEO PHARMACEUTICALS INC.
RTX RAYTHEON TECHNOLOGIES CORPORATION
PHVS PHARVARIS NV
RAIN RAIN THERAPEUTICS INC
BMEA BIOMEA FUSION INC
SOVO SOVOS BRANDS INC
ELA ENTERGY LOUISIANA LLC
PWR PETER WARREN AUTOMOTIVE HLDGS LTD
PFE PARAS FLOWFORM ENGINEERING LTD.
Moody's affirms BWXT's Ba2 CFR; outlook changed to negative
Moody's Investors Service ("Moody's") has affirmed all ratings of BWX Technologies, Inc. ("BWXT"), including its Ba2 Corporate Family Rating (CFR) and Ba3 senior unsecured notes ratings. Moody's also downgraded BWXT's Speculative Grade Liquidity Rating to SGL-3 from SGL-2 and changed the outlook to ...
An unfavourable environment weighs on BWX TECHNOLOGIES, which sees a d...
The independent financial analyst theScreener just requalified the general evaluation of BWX TECHNOLOGIES (US), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date November 30, 2...
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