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.
Upgrading Staples and Health Care to Market Weight As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024. Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume. This includes areas such as Technology (XLK), semiconductors (SMH), software (IGV), and the ARKK, IPO, and BITQ ETFs. This tells us a pause/pullback is likely...
S&P 500, Nasdaq 100, DJIA All Testing Resistance We continue to see the market indexes as consolidating within broad horizontal trading ranges in 2023, and we expect the top-end of the range to be 4165-4200 on the S&P 500, with the bottom-end at the 2022 lows (3490). Another possible support level we are monitoring is at the December 2022 lows (3765). In last week's Compass (3/21) 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,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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.
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three month period ended March 31, 2018. Key operating highlights and financial performance for the first quarter 2018, when compared to the first quarter 2017, include: Reported revenue increased 1.5% to €539 million Organic revenue growth of 2.9% Reported Profit for the period of €62 million Adjusted EBITDA increased 16% to €103 million Rep...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD) announced today that it has completed its previously announced acquisition of Green Isle Foods Ltd. (“Goodfella’s Pizza”) from a subsidiary of Boparan Holdings Ltd. for a purchase price of £200 million, subject to customary working capital adjustments. Commenting on the transaction, Stefan Descheemaeker, Nomad Foods’ Chief Executive Officer said, “Goodfella’s represents an important step in expanding our share of the frozen food category in Western Europe. T...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD), today announced it will report results for the first quarter ended March 31, 2018 before New York Stock Exchange market open on Thursday, May 10, 2018. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, May 10, 2018. To participate on the live call listeners in North America may dial +...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and twelve month periods ended December 31, 2017. Key operating highlights and financial performance for the fourth quarter 2017, when compared to the fourth quarter 2016, include: Reported revenue increased 4.7% to €508 million Organic revenue growth of 5.6% Reported profit for the period of €27 million Adjusted EBITDA increased 31% to €82 million ...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD), today announced it will report Nomad Foods' results for the fourth quarter and full year ended December 31, 2017 before New York Stock Exchange market open on Thursday, March 22, 2018. A conference call with members of the executive management team will be held to discuss the results with additional comments and details. The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, March 22, 2018. To participate on the live call li...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD), today announced the appointment of Samy Zekhout as Chief Financial Officer (CFO), effective April 2018. Upon joining the Company, Mr. Zekhout will also be appointed to the Company’s Board of Directors. Mr. Zekhout joins Nomad Foods with more than 30 years of global consumer products experience at Procter & Gamble, most recently as CFO and Vice President of Global Grooming over the past 11 years. During his tenure at Procter & Gamble, Mr. Zekhout was instrum...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD) announced today that the Company will be presenting at the 2018 Consumer Analyst Group of New York (CAGNY) Conference on Thursday, February 22, 2018 at 11:00 a.m. ET. An audio webcast and slides from the presentation will be made available on Nomad Foods’ website at http://www.nomadfoods.com. About Nomad Foods Limited Nomad Foods (NYSE: NOMD) is a leading frozen foods company building a global portfolio of best-in-class food companies and brands wit...
FELTHAM, England--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD) announced today that it has entered into an agreement to acquire Green Isle Foods Ltd. (“Goodfella’s Pizza”) from a subsidiary of Boparan Holdings Ltd. for approximately €225 million on a debt free, cash free basis. Goodfella’s Pizza manufactures and distributes a portfolio of leading branded and private label frozen pizzas in the United Kingdom and Ireland. The Goodfella’s brand, which accounts for the majority of Goodfella’s Pizza revenues, was founded in ...
FELTHAM, United Kingdom--(BUSINESS WIRE)-- Nomad Foods Limited (NYSE: NOMD) announced today that it will reprice its $610 million and €500 million term loan facilities. Closing is expected for December 20, 2017, subject to execution of definitive agreements. Following the closing, the margin will be reduced by 50 basis points on the U.S. dollar-denominated term loan and 25 basis points on the euro-denominated term loan, which is expected to result in approximately €4 million of annual cash interest savings. The Company also announced ...
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