reports
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
S&P 500 Testing Prior Breakout Level DeepSeek appears to have turned the chatbot market upside-down, putting pressure on AI-linked stocks. While the dust has yet to settle, the good news is that the selloff has been largely contained to these AI-linked stocks. The rest of the market did not seem to care; the equal-weighted S&P 500 was roughly flat yesterday. Additionally, market dynamics remain healthy, with Treasury yields, the U.S. dollar (DXY), and WTI crude oil continuing to move lower, and...
SYK STRYKER CORPORATION
GBX GREENBRIER COMPANIES INC.
TRN TRINITY INDUSTRIES INC.
MMSI MERIT MEDICAL SYSTEMS INC.
MDT MEDTRONIC PLC
ISRG INTUITIVE SURGICAL INC.
INGN INOGEN INC.
IART INTEGRA LIFESCIENCES HOLDINGS CORPORATION
GMED GLOBUS MEDICAL INC CLASS A
CRY CRYOLIFE INC.
PEN PENUMBRA INC.
BSX. BELO SUN MINING CORP.
SIBN GAZPROM NEFT PJSC
GATX GATX CORPORATION
RAIL FREIGHTCAR AMERICA INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
OFIX ORTHOFIX MEDICAL INC.
ECOR ELECTROCORE INC.
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
S&P 500, Nasdaq 100 Testing Bull Flag Supports Continued strong economic data has reduced the number of expected Fed rate cuts, which has pushed long-term Treasury bond yields and the U.S. dollar (DXY) above some key levels, putting some pressure on the broad market indexes. The Bloomberg Commodity index (DJP) is breaking above the key $33.25 resistance level, while WTI crude oil is breaking above its 1+ year downtrend. Upside is likely to be capped due to these concerns, but we still continue ...
GBX GREENBRIER COMPANIES INC.
AAL AMERICAN AIRLINES GROUP INC.
ET ENERGY TRANSFER L.P.
GATX GATX CORPORATION
RAIL FREIGHTCAR AMERICA INC.
EPD ENTERPRISE PRODUCTS PARTNERS L.P.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
FSTR L.B. FOSTER CO.
SMC SUMMIT MIDSTREAM CORPORATION
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
New All-Time Highs Validates Our Bullish Outlook We continue to view the latest pullback to the 100-day MA on the S&P 500 as healthy and normal within the ongoing bull market, and our bullish outlook (since early-November 2023) remains intact. Throughout the last week of April, we discussed the possibility that further downside was limited (4/23/24 Compass) and the mounting evidence that led us to believe the lows were likely in for this pullback (4/30/24 Compass). Market dynamics remain health...
MATX MATSON INC.
EURN EURONAV NV
DHT DHT HOLDINGS INC.
ASC ARDMORE SHIPPING
SBL SAFE BULKERS INC.
NVGS NAVIGATOR HOLDINGS
LPG DORIAN LPG
DSX DIANA SHIPPING INC.
LCM COSTAMARE INC.
TK TEEKAY CORPORATION
SBLK STAR BULK CARRIERS CORP.
G2O GOLAR LNG LIMITED
GOGLO GOLDEN OCEAN GROUP LTD
CENX CENTURY ALUMINUM COMPANY
GATX GATX CORPORATION
KEX KIRBY CORPORATION
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
OSG OVERSEAS SHIPHOLDING GROUP
AA ALCOA CORPORATION
INSW INTERNATIONAL SEAWAYS INC.
NOHA NORSK HYDRO ASA ADS
AWCMY ALUMINA LTD ADS
RTP. RIO TINTO PLC CEDEAR
STNG SCORPIO TANKERS INC.
NMM NAVIOS MARITIME PARTNERS
GSL GLOBAL SHIP LEASE INC. CLASS A
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
CSTM CONSTELLIUM SE CLASS A
TNP TSAKOS ENERGY NAVIGATION LTD.
FRO FRONTLINE PLC
HSHP HIMALAYA SHIPPING LTD.
HWM HOWMET AEROSPACE INC COM
GBX GREENBRIER COMPANIES INC COM
FSTR L B FOSTER CO COM
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Major Risk-On Developments; Bullish Outlook Intact Over the past two weeks we have discussed the possibility that further downside was limited (4/23/24 Compass) and the mounting evidence that suggests the lows may be in for this pullback (4/30/24 Compass). Major risk-on developments for the broad equity market have continued to roll in over the past week, which we discuss below. As a result, we continue to believe the lows are in for this pullback, and we see the pullback to the 100-day MA on t...
EME EMCOR GROUP
GBX GREENBRIER COMPANIES INC.
BKD BROOKDALE SENIOR LIVING INC.
TRN TRINITY INDUSTRIES INC.
MTZ MASTEC INC.
MATX MATSON INC.
ENSG ENSIGN GROUP INC.
ASC ARDMORE SHIPPING
GNK GENCO SHIPPING & TRADING LTD.
LCM COSTAMARE INC.
SBLK STAR BULK CARRIERS CORP.
GATX GATX CORPORATION
KBR KBR INC.
KEX KIRBY CORPORATION
RAIL FREIGHTCAR AMERICA INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
FSTR L.B. FOSTER CO.
NMM NAVIOS MARITIME PARTNERS
GSL GLOBAL SHIP LEASE INC. CLASS A
DAC DANAOS
EGLE EAGLE BULK SHIPPING
NHC NHC COMMUNICATIONS
J INC.
JACOBS SOLUTIONS INC.
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Long-Term Breakouts for Emerging & Frontier Markets The bullish outlook we initiated in early November 2023 remains intact. The S&P 500 and Nasdaq 100 (QQQ) still refuse to close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days -- and even if/when they do, important supports are close by, including at 4983-5050 on the S&P 500 and $425-$433 on QQQ (gap supports from 2/22/24). The Fed's next move is almost guaranteed to be a cut (though when it happens is up for debate). And ...
GBX GREENBRIER COMPANIES INC.
HL HANNIBAL LEASE
WLK WESTLAKE CHEMICAL CORPORATION
TRN TRINITY INDUSTRIES INC.
OEC ORION ENGINEERED CARBONS SA
KOP KOPPERS HOLDINGS INC.
BAK BRASKEM S/A ADS
MX. METHANEX CORPORATION
EDR. ENDEAVOUR SILVER CORP.
SVM. SILVERCORP METALS
FR. FIRST MAJESTIC SILVER CORP.
FVI. FORTUNA SILVER MINES INC.
PAAS PAN AMERICAN SILVER CORP.
CENX CENTURY ALUMINUM COMPANY
GATX GATX CORPORATION
KALU KAISER ALUMINUM CORPORATION
RAIL FREIGHTCAR AMERICA INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
VVV VALVOLINE INC.
AA ALCOA CORPORATION
FSTR L.B. FOSTER CO.
RIO RIO TINTO PLC
WPM WHEATON PRECIOUS METALS CORP
NOHA NORSK HYDRO ASA ADS
AWCMY ALUMINA LTD ADS
CSTM CONSTELLIUM SE CLASS A
CDE COEUR MINING INC
PLG PULDIN LION GROUP REIT-SOFIA
Gatx Corp: 1 director
A director at Gatx Corp sold 2,500 shares at 105.465USD and the significance rating of the trade was 54/100. 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 showi...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Downgrading Technology To Underweight Our outlook remains bearish at the index level considering we have yet to see any developments that suggest a bottom is in, and the S&P 500, Nasdaq 100 (QQQ), Russell 2000 (IWM), and Russell Micro Cap (IWC) indexes remain in downtrends. Sector Relative Strength Rankings. We are downgrading Technology to underweight; RS is trading within multi-month downtrends and is breaking below major support on the cap- and equal-weighted Sectors (XLK, RYT) -- reduce ex...
GBX GREENBRIER COMPANIES INC.
PWR QUANTA SERVICES INC.
PEG PUBLIC SERVICE ENTERPRISE GROUP INC
NI NISOURCE INC
MOS MOSAIC COMPANY
FE FIRSTENERGY CORP.
ED CONSOLIDATED EDISON INC.
DY DYCOM INDUSTRIES INC.
D DOMINION ENERGY INC
CF CF INDUSTRIES HOLDINGS INC.
AVD AMERICAN VANGUARD
FLR FLUOR CORPORATION
TRN TERNA S.P.A.
GATX GATX CORPORATION
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
GNE GENIE ENERGY LTD. CL B
XLK SELECT SECTOR SPDR-TECHNOLOGY
ICL ICL GROUP LTD.
RYT INVESCO S&P 500 EQUAL WEIGHT TECHNOLOGY ETF
TNX TANZANIAN GOLD
IPI INTREPID POTASH
SOM SOMEC
IWC ISHARES MICRO-CAP ETF
UAN ARCADIAN PARTNERS LP
OOO BETASHARES CRUDE OIL INDEX ETF - CURRENCY HEDGED SYNTHETIC
- Valens Research
GATX - Valens Credit Report - 2021 10 19
Cash bond markets are understating credit risk, with a YTW of 2.033%, relative to an Intrinsic YTW of 2.823%. Furthermore, Moody's is understating the firm's fundamental credit risk, with its Baa2 credit rating three notches higher than Valens' HY1 (Ba2) credit rating Incentives Dictate Behavior™ analysis highlights that management's compensation framework does not punish management for overleveraging the balance sheet or over-spending on assets, potentially limiting cash available for servicin...
- Valens Research
Valens Equity Insights and Inflections - 2021 08 17
The market is pricing in a reckoning for the memory chip supply market, to which ICHR is a key supplier. Expectations are for the company's earning power to fade to historically low levels, even as the memory market is in a secular growth cycle. The market expects Ichor, which has seen UAFRS-based ROA (Uniform ROA or ROA′) remain above 20% in each of the last seven years, to fade to an all-time low. This seems to be ignoring both Ichor's dominant position in its sub-industry and the memory mar...
EFX EQUIFAX INC.
UNH UNITEDHEALTH GROUP INCORPORATED
TXN TEXAS INSTRUMENTS INCORPORATED
SKX SKECHERS U.S.A. INC. CLASS A
INTC INTEL CORPORATION
IFF INTERNATIONAL FLAVORS & FRAGRANCES INC.
HCA HCA HEALTHCARE INC
FE FIRSTENERGY CORP.
FAST FASTENAL COMPANY
ES EVERSOURCE ENERGY
CTAS CINTAS CORPORATION
CSL CARLISLE COMPANIES INCORPORATED
NFLX NETFLIX INC.
BF.B BROWN-FORMAN CORPORATION CLASS B
GATX GATX CORPORATION
ICHR ICHOR HOLDINGS LTD.
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
ABT ABBOTT LABORATORIES
ADT ADT INC
VTRS VIATRIS INC.
- Valens Research
GATX - Embedded Expectations Analysis - 2021 08 16
GATX Corporation (GATX:USA) currently trades at a discount to Uniform asset values, with a 0.9x Uniform P/B. At these levels, the market is pricing in expectations for profitability to expand, but management may have concerns about lease rates, long-run fleet levels, and the feasibility of investment into the aircraft engine space. Specifically, management may have concerns about the pace of the recovery of lease rates, their fleet levels, and the remaining opportunity for smaller fleets follo...
- Valens Research
- Valens Research
GATX - Valens Credit Report - 2021 08 03
Cash bond markets are understating credit risk, with a YTW of 1.553%, relative to an Intrinsic YTW of 2.523%. Furthermore, Moody's is understating the firm's fundamental credit risk, with its Baa2 credit rating three notches higher than Valens' HY1 (Ba2) credit rating Incentives Dictate Behavior™ analysis highlights that management's compensation framework does not punish management for overleveraging the balance sheet or over-spending on assets, potentially limiting cash available for servicin...
GATX Corporation Announces Quarterly Dividend
GATX Corporation Announces Quarterly Dividend CHICAGO, July 30, 2021 (GLOBE NEWSWIRE) -- The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.50 per common share, payable September 30, 2021, to shareholders of record on September 15, 2021. This quarterly dividend is unchanged from the prior quarter. COMPANY DESCRIPTIONGATX Corporation (NYSE:GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lesso...
GATX Corporation Reports 2021 Second-Quarter Results
GATX Corporation Reports 2021 Second-Quarter Results Net income for the second quarter 2021 was $5.5 million or $0.15 per diluted shareResults include a non-cash, net negative impact of $39.7 million or $1.10 per diluted share related to an enacted tax rate increase in the United KingdomCompany increases 2021 full-year earnings guidance to $4.30-$4.50 per diluted share CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today reported 2021 second-quarter results. Results for the second quarter and six months ended June 30, 2021 are summarized below: Three...
GATX Corporation Sets Date for 2021 Second Quarter Earnings Release an...
GATX Corporation Sets Date for 2021 Second Quarter Earnings Release and Conference Call CHICAGO, July 06, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) will report results for the 2021 second quarter prior to market open on July 20, 2021. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows: Live Teleconference Date:July 20, 2021Time:11 a.m. (Eastern Time)Domestic Dial-In:1-800-367-2403 International Dial-In:1-334-777-6978Live Webcast: To participate by phone, please dial in app...
GATX Corporation Publishes Inaugural Sustainability Accounting Standar...
GATX Corporation Publishes Inaugural Sustainability Accounting Standards Board (SASB) Report CHICAGO, May 04, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced publication of its first Sustainability Accounting Standards Board (SASB) report, which discloses metrics related to relevant environmental, social and governance (ESG) factors for calendar year 2020. Furthermore, the Company announced disclosure of its Scope 1 and 2 greenhouse gas (GHG) emissions data for calendar year 2019. GATX intends to publish 2020 GHG emissions data in the second half of 2021. “These dis...
GATX Corporation to Present at the 2021 Virtual Wells Fargo Industrial...
GATX Corporation to Present at the 2021 Virtual Wells Fargo Industrials Conference CHICAGO, April 30, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced that Thomas A. Ellman, executive vice president and chief financial officer, will present at the 2021 Virtual Wells Fargo Industrials Conference on Wednesday, May 5, 2021. The presentation will include an overview of GATX’s operations. GATX’s presentation will begin at 2:00 PM Eastern Time and will be followed by a question and answer session. To listen to a live webcast of the presentation, please access the appropria...
GATX Corporation Appoints Kim Nero as Executive Vice President and Chi...
GATX Corporation Appoints Kim Nero as Executive Vice President and Chief Human Relations Officer CHICAGO, April 28, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced the appointment of Kim Nero as Executive Vice President and Chief Human Relations Officer, effective May 3. In this role, Ms. Nero will oversee GATX’s global human resources organization. She succeeds James (Jim) M. Conniff, who is retiring after a successful 40-year career with GATX. “Kim is a dynamic, strategic, results-oriented leader who brings a wealth of experience in cultural transformation, empl...
GATX Corporation Announces Quarterly Dividend
GATX Corporation Announces Quarterly Dividend CHICAGO, April 23, 2021 (GLOBE NEWSWIRE) -- The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.50 per common share, payable June 30, 2021, to shareholders of record on June 15, 2021. This quarterly dividend is unchanged from the prior quarter. COMPANY DESCRIPTIONGATX Corporation (NYSE:GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lessor, GATX has...
- Valens Research
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