reports
- 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
Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) and Treasury Yields Roll Over The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. This is a hallmark of bull markets; we will be sure to point it out when this dynamic starts to change. In the meantime, we want to continue riding this bull market higher, and our bullish outlook (since early November 2023) remains intact. Gold and Silver Breaking Out as the U.S. Dollar (DXY) a...
SUM SUMMIT MATERIALS INC. CLASS A
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
MLM MARTIN MARIETTA MATERIALS INC.
KBR KBR INC.
MYRG MYR GROUP INC.
ORN ORION GROUP HOLDINGS
PRIM PRIMORIS SERVICES CORPORATION
USLM U.S. LIME & MINERALS
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
J JACOBS SOLUTIONS 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
Russell 2000 (IWM) Testing $180 Support We discussed last week (6/21/23 Compass) how consolidation was likely, and so far that is what we have seen with the S&P 500 back to test the 4300-4325 area which we anticipated would cap upside for 2023. We continue to watch short-term support at 4300, and we cannot be bearish if the S&P 500 is above 4300. However, a break below 4300 could bring selling pressure, and potential support levels to watch would be 4165-4200 followed by 4050. Structurally high...
VLRS VOLARIS AVIATION HOLDING ADS
STRL STERLING CONSTRUCTION COMPANY INC.
MTZ MASTEC INC.
HURN HURON CONSULTING GROUP INC.
GVA GRANITE CONSTRUCTION INCORPORATED
CPA COPA HOLDINGS S.A. CLASS A
GLDD GREAT LAKES DREDGE & DOCK CORPORATION
KBR KBR INC.
MYRG MYR GROUP INC.
PRIM PRIMORIS SERVICES CORPORATION
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
- 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.
PNNT PENNANTPARK INVESTMENT
IPG INTERPUBLIC GROUP OF COMPANIES INC.
INTC INTEL CORPORATION
BLBD BLUE BIRD
ACGL ARCH CAPITAL GROUP LTD.
PRIM PRIMORIS SERVICES CORPORATION
UIHC UNITED INSURANCE HOLDINGS CORP.
LW LAMB WESTON HOLDINGS INC.
FLGT FULGENT GENETICS
KALV KALVISTA PHARMACEUTICALS
SYNH SYNEOS HEALTH INC. CLASS A
OFIX ORTHOFIX MEDICAL INC.
CMPR CIMPRESS PLC
IESC IES HOLDINGS INC.
ARRY ARRAY TECHNOLOGIES
LFST LIFESTANCE HEALTH GROUP INC
ASRT ASSERTIO HLDGS INC
CEGVV CONSTELLATION ENERGY CORPORATION
CR CRANE HOLDINGS CO
ISRG ISRAIR GROUP LTD
PRIMORIS SERVICES increases its risk exposure and slightly lowers to N...
PRIMORIS SERVICES (US), a company active in the Heavy Construction industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 4 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 15, 2022, the closing price was USD 27.01 and...
Primoris Services Corporation Secures Heavy Civil Project Valued over ...
Primoris Services Corporation Secures Heavy Civil Project Valued over $35 million DALLAS, March 24, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new heavy civil project with a total value of over $35 million. The contract was secured by the Company’s Energy Segment. The project was awarded by the Texas Department of Transportation and is in Midland, Texas.The project is for the reconstruction of both the frontage roads and main lanes of Interstate 20. The project involves the removal and replacement of exi...
Primoris Services Corporation Announces New Solar Award Valued over $2...
Primoris Services Corporation Announces New Solar Award Valued over $220 million DALLAS, March 23, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new solar award with a total value of over $220 million. The contract was secured by the Company’s Energy Segment. This is the third project in which Primoris has been chosen by this customer as its Engineering, Procurement and Construction Partner. The award is for the engineering, procurement, and construction of utility-scale solar facilities in the Southwest. T...
Primoris Services Corporation Announces Pricing of Public Offering of ...
Primoris Services Corporation Announces Pricing of Public Offering of Common Stock DALLAS, March 18, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”), a leading provider of specialty contracting services in North America, today announced the pricing of its previously announced underwritten public offering of 4,500,000 shares of its common stock at a public offering price of $35.00 per share (the “Offering”), for net proceeds of approximately $150 million, after underwriting discount but before estimated offering expenses payable...
Primoris Services Corporation Announces Commencement of Public Offerin...
Primoris Services Corporation Announces Commencement of Public Offering of Common Stock DALLAS, March 16, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”), a leading provider of specialty contracting services in North America, today announced that it has commenced an underwritten public offering of 4,500,000 shares of its common stock (the “Offering”). The Company has also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of the Company’s common stock at the public offering price. All of the...
Primoris Services Corporation Reports Fourth Quarter and Full Year 202...
Primoris Services Corporation Reports Fourth Quarter and Full Year 2020 Results DALLAS, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or “Company”) today reported financial results for the fourth quarter and full year of 2020 and provided the Company’s financial outlook. For the full year 2020, Primoris reported the following highlights: Record revenue of $3.5 billion, an increase of 12 percent over prior yearRecord net income attributable to Primoris of $105.0 million, an increase of 28 percent over prior yearRecord fully diluted earnings...
Primoris Services Corporation Schedules Fourth Quarter and Full Year 2...
Primoris Services Corporation Schedules Fourth Quarter and Full Year 2020 Earnings Conference Call and Webcast DALLAS, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced its plans to release financial results for the fourth quarter and full year 2020 on Monday, February 22, 2021, after market close. Copies of the Company’s press release will be available on the Primoris website at . Management will host a conference call and webcast on Tuesday, February 23, 2021, at 9:00 a.m. U.S. Central Time (10:00 a.m....
Primoris Services Corporation Announces New Solar Award
Primoris Services Corporation Announces New Solar Award DALLAS, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced the award of a Limited Notice to Proceed (“LNTP”) for a new solar project with an initial value of $19 million and an anticipated final contract value over $200 million. The contract was secured by the Company’s Energy Segment. The LNTP is for the initial engineering work on a utility-scale solar facility in the Southeast region of the United States.The issuance of LNTPs which support the i...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Upgrading Energy To Overweight There continues to be a dearth of bearish signals emanating from this market. As a result, we remain bullish and we continue to view any pullbacks as buying opportunities. · S&P 500, Nasdaq 100. On the S&P 500 we see short-term support at 3750 (coinciding with the uptrend), with the next key support levels coming in at 3635, 3588, and 3550. As long as 3550 holds, we believe a bullish intermediate-term outlook is appropriate. As for the Nasdaq 100 (QQQ), $3...
XEC CIMAREX ENERGY CO.
WLDN WILLDAN GROUP
VNOM VIPER ENERGY PARTNERS LP
TPC TUTOR PERINI CORPORATION
TLYS TILLYS
SWN SOUTHWESTERN ENERGY COMPANY
STRL STERLING CONSTRUCTION COMPANY INC.
SM SM ENERGY COMPANY
RRC RANGE RESOURCES CORPORATION
NVEE NV5 GLOBAL INC.
MTZ MASTEC INC.
MTRX MATRIX SERVICE COMPANY
MTDR MATADOR RESOURCES COMPANY
MRO MARATHON OIL CORPORATION
GVA GRANITE CONSTRUCTION INCORPORATED
FANG DIAMONDBACK ENERGY INC.
COG CABOT OIL & GAS CORPORATION
BKE BUCKLE INC.
AR ANTERO RESOURCES CORPORATION
APA.. APA CORP.
ANF ABERCROMBIE & FITCH CO. CLASS A
AEO AMERICAN EAGLE OUTFITTERS INC.
MUR MURPHY OIL CORPORATION
KBR KBR INC.
MYRG MYR GROUP INC.
PDCE PDC ENERGY INC.
PRIM PRIMORIS SERVICES CORPORATION
WPX WPX ENERGY INC.
BSM BLACK STONE MINERALS LP
DMLP DORCHESTER MINERALS L.P.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
LPI LAREDO PETROLEUM INC.
CPE CALLON PETROLEUM
Primoris Services Corporation Completes Future Infrastructure Acquisit...
Primoris Services Corporation Completes Future Infrastructure Acquisition DALLAS, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”), a leading provider of specialty contracting services in North America, announced today that it has closed its acquisition of Future Infrastructure Holdings, LLC (“Future Infrastructure” or “FIH”) in an all-cash transaction valued at $620 million. The transaction directly aligns with Primoris’ strategy to grow in large, higher growth, higher margin markets, and expands the Company’s utility ...
Primoris Services Corporation Reorganizes Business Units and Segment R...
Primoris Services Corporation Reorganizes Business Units and Segment Reporting Structure to Support Growth Opportunities DALLAS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM), (“Primoris” or the “Company”), a leading provider of specialty contracting services in North America, today announced it will reorganize its reporting structure to streamline its operations and enhance the Company’s growth potential. Beginning with the first quarter of 2021, Primoris will consolidate certain operating segments, which will result in a reduction of operat...
Primoris Services Corporation Announces a Solar Award of Approximately...
Primoris Services Corporation Announces a Solar Award of Approximately $100 Million DALLAS, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new solar award of approximately $100 million. The contract was secured by the Power, Industrial, & Engineering Segment. The award is for the engineering, procurement, and construction of a utility-scale solar facility in Texas. The scope of work includes the installation and connection of a battery energy storage system and a substation.Work will commence in the...
Primoris Services Corporation to Participate in the CJS Securities Inv...
Primoris Services Corporation to Participate in the CJS Securities Investor Conference DALLAS, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced that its senior management will be participating virtually in the CJS Securities 21st Annual “New Ideas for the New Year” Conference on Wednesday, January 13, 2021. Presentation slides will be posted that same day to the Company’s “Investor Relations” section of its website, , before the opening of trading. ABOUT PRIMORISFounded in 1960, Primoris, through variou...
Primoris Services Corporation Announces Pipeline Awards Estimated at $...
Primoris Services Corporation Announces Pipeline Awards Estimated at $39 Million DALLAS, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two awards with a combined value of approximately $39 million. The contracts were secured by the Pipeline & Underground segment. Primoris was awarded a microtunneling project to install a new sewer main in North Tampa Bay. The project involves the design, procurement and installation of approximately 3,200 linear feet, using 78-inch pipe, in a single reach tunnel. The...
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