reports
- Valens Research
Valens Equity Weekly Insights - 2024 05 28
Lockheed Martin (LMT) has a long-term profitability tailwind from its multi-decade long F-35 sales cycle, plus growing demand from the U.S. and allies as the world becomes less safe. Uniform Accounting highlights the company's profitability improvements that the market is missing, indicating equity upside. Lockheed is the largest U.S. defense contractor, and it makes high value military equipment including missiles and aircraft like HIMARS and F-35s. Over the last several years, as contract tai...
- Blair Levin
NSR Policy: ACP: Some DC Movement but ISPs Moving On
In this Weekend Update, we summarize the four Congressional efforts to extend the Affordable Connectivity Program (ACP): - Two in the House (including a new one from the Republican side,) but where we think Speaker Johnson remains the primary obstacle, and - Two in the Senate, both of which involve spectrum as a funding mechanism, and where Senator Lujan’s effort has some bipartisan momentum but not likely enough to move forward to passage. - Meanwhile, the ISPs are deep into their post-ACP pl...
- Jan Frederik Slijkerman
1Q24 earnings: AT&T, Verizon, IBM and Equinix/Technicals in European d...
Four US companies issuing Euro notes recently reported 1Q24 earnings: IBM, Equinix, Verizon and AT&T. There were no large surprises. Even IBM's large acquisition did not come as a complete surprise, given previous commentary by its CFO. We continue to see most value in the notes of Equinix.
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
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.
WST WEST PHARMACEUTICAL SERVICES INC.
WBA WALGREENS BOOTS ALLIANCE INC
TWI TITAN INTERNATIONAL INC.
SSYS STRATASYS LTD.
PII POLARIS INC.
NDSN NORDSON CORPORATION
MYE MYERS INDUSTRIES INC.
MIDD MIDDLEBY CORPORATION
LEA LEAR CORPORATION
J7Z JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY
DOX AMDOCS LIMITED
CLX CLOROX COMPANY
AGCO AGCO CORPORATION
MG/CN MAGNA INTERNATIONAL INC.
CAH CARDINAL HEALTH INC.
IONS IONIS PHARMACEUTICALS INC.
LEG LEGGETT & PLATT INCORPORATED
MAT MATTEL INC.
PARR PAR PACIFIC HOLDINGS INC
SAM BOSTON BEER COMPANY INC. CLASS A
TAP MOLSON COORS BEVERAGE COMPANY CLASS B
THO THOR INDUSTRIES INC.
THS TREEHOUSE FOODS INC.
CSCO CISCO SYSTEMS INC.
WGO WINNEBAGO INDUSTRIES INC.
BMY BRISTOL-MYERS SQUIBB CO. CEDEAR
SUZBY SUZANO SA
TXG 10X GENOMICS INC CLASS A
LI LI AUTO INC. SPONSORED ADR CLASS A
CRC CALIFORNIA RESOURCES
VRDN VIRIDIAN THERAPEUTICS INC
OI O I GLASS INC COM
OKLO OKLO INC CL A
SJM JM SMUCKER CO COM
- Jonathan Chaplin
Intelsat – SES merger and the implications for the fight for spectrum ...
Since the companies announced a merger on April 30th, we have been asked whether it could lead to more C-band spectrum being released to carriers. We think the merger could result in 100MHz being released relatively soon. In this brief note, we touch on the implications for Intelsat and SES shareholders, as well as for T-Mobile, Verizon, AT&T, and Dish / EchoStar.
- Dave Nicoski
- Ross LaDuke
PEP PEPSICO INC.
WRE WASHINGTON REAL ESTATE INVESTMENT TRUST
RM REGIONAL MANAGEMENT CORP
NVCR NOVOCURE LTD.
LTC LTC PROPERTIES INC.
KW KENNEDY-WILSON HOLDINGS INC.
HRL HORMEL FOODS CORPORATION
HASI HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC.
HAS HASBRO INC.
GIS GENERAL MILLS INC.
FOSL FOSSIL GROUP INC.
EQT EQT CORPORATION
DVN DEVON ENERGY CORPORATION
CPB CAMPBELL SOUP COMPANY
CNP CENTERPOINT ENERGY INC.
CHDN CHURCHILL DOWNS INCORPORATED
CAG CONAGRA BRANDS INC.
ARW ARROW ELECTRONICS INC.
BWB BAADER BANK AG
COLM COLUMBIA SPORTSWEAR COMPANY
LNC LINCOLN NATIONAL CORPORATION
CARS CARS.COM INC.
CEIX CONSOL ENERGY INC
KDP KEURIG DR PEPPER INC.
VHI VALHI INC.
TPL TEXAS PACIFIC LAND CORPORATION
SGHC SUPER GROUP (SGHC) LIMITED
PFHC PROFRAC HLDG CORP
LTH LIFE TIME GROUP HLDGS INC
DOCS DOXIMITY INC
HSY HERSHEY COMPANY (THE)
KG KLONDIKE GOLD CORP.
TROW T ROWE PRICE GROUP INC COM
Tidewater Inc: 1 director
A director at Tidewater Inc sold 193,060 shares at 107.259USD and the significance rating of the trade was 69/100. 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...
- Blair Levin
NSR Policy: ACP and Spectrum: Update on Lowering Prospects for Legisla...
Last week began with hopes for a Senate markup of legislation that would provide, both, some short-term opportunities for reallocating spectrum for commercial wireless providers, and an extension of funding for the Affordable Connectivity Program (ACP). But the markup was pulled. In this update, we provide an analysis of what happened and what the implications are for the companies hoping for more funding or spectrum opportunities.
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
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.
TWI TITAN INTERNATIONAL INC.
TNET TRINET GROUP INC.
RYI RYERSON HOLDING CORPORATION
PZZA PAPA JOHN'S INTERNATIONAL INC.
PII POLARIS INC.
J7Z JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY
JACK JACK IN THE BOX INC.
HURN HURON CONSULTING GROUP INC.
FIVE FIVE BELOW INC.
EXTR EXTREME NETWORKS INC.
EXPE EXPEDIA GROUP INC.
EXEL EXELIXIS INC.
EXAS EXACT SCIENCES CORPORATION
EVH EVOLENT HEALTH INC CLASS A
CLX CLOROX COMPANY
ACAD ACADIA PHARMACEUTICALS INC.
BF.B BROWN-FORMAN CORPORATION CLASS B
COHU COHU INC.
IONS IONIS PHARMACEUTICALS INC.
LEG LEGGETT & PLATT INCORPORATED
TAP MOLSON COORS BEVERAGE COMPANY CLASS B
THS TREEHOUSE FOODS INC.
WH WYNDHAM HOTELS & RESORTS INC.
BMY BRISTOL-MYERS SQUIBB CO. CEDEAR
SUZBY SUZANO SA
PGNY PROGYNY
ODP THE ODP CORPORATION
APA APA CORPORATION
PTLO PORTILLOS INC
STVN STEVANATO GRP SPA
FNA PARAGON 28 INC
SHLS SAKHALIN SHIPPING CO ORD
P RAILPOWER TECHNOLOGIES CORP COM
- Jonathan Chaplin
Who does Gigapower compete with?
This week, we published a report and model exploring the economics of the AT&T / Gigapower JV. The analysis shows that the project will yield compelling returns for both AT&T and Blackrock. It also shows that the project would have to be at least 3X larger to have a material financial or strategic benefit to AT&T.
Renaissancere Holdings Ltd: 1 director
A director at Renaissancere Holdings Ltd sold 2,000 shares at 222.686USD and the significance rating of the trade was 57/100. 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 ye...
- Jonathan Chaplin
The broadband Open Access model
We created a model to better understand the economics of Gigapower for both AT&T and Blackrock. Please use the model and give us your thoughts. The model clarifies the value of broadband assets generally. It also clarifies why we are likely to see similar JVs from Frontier, Lumen, and others. We will adapt this model for those instances in due course.
Newell Brands Inc: 1 director
A director at Newell Brands Inc sold 50,000 shares at 8.040USD and the significance rating of the trade was 77/100. 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 clearl...
Unum Group: 2 directors
Two Directors at Unum Group sold 12,500 shares at between 52.470USD and 52.610USD. The significance rating of the trade was 59/100. 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 ...
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