A director at S&P Global Inc sold 5,521 shares at 543.386USD and the significance rating of the trade was 68/100. 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 ...
Upgrading Communications, Downgrading Staples In our January 10th Compass, we discussed that a break above 3910 on the S&P 500 would signal a tradable rally, with 4100-4165 our target, which is the top-end of our expected 2023 trading range. We believe equities are still in the midst of a rally/short squeeze, but that the rally is likely to fizzle in the 4100-4165 area. Upgrading Communications to Market Weight. We have been underweight Communications (XLC, EWCO) since November of 2021, a peri...
Qualcomm (QCOM) is rapidly diversifying from its legacy smartphone business into the high growth IoT market. Uniform Accounting highlights that the market is missing this, pricing in a reversal of recent profitability trends and slowing growth, indicating equity upside. With the smartphone market near full saturation, Qualcomm has intelligently pivoted its focus to high growth areas within the IoT market including the connected automotive market and radio frequency components. As Qualcomm conti...
S&P Global Inc. (SPGI) currently trades above corporate and historical averages relative to Uniform earnings, with a 38.4x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to expand to a record-high of 237%, accompanied by 3% Uniform asset growth going forward. However, analysts expect Uniform ROA to decline to 132% by 2022, accompanied by 8% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $298, re...
Freeport-McMoRan (FCX) is one of the best-positioned copper miners to benefit from the various megatrends pushing copper demand higher. Uniform Accounting highlights that the market is significantly mispricing the value of Freeport's production capabilities, signaling the potential for equity upside. With trends like the IoT and EVs driving stronger demand for precious metals, copper producers like Freeport are well positioned for a boost in profitability. Additionally, Freeport has the po...
S&P Global Inc. (SPGI) currently trades above corporate and historical averages relative to Uniform earnings, with a 40.8x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to expand to a record-high of 243%, accompanied by 3% Uniform asset growth going forward. Meanwhile, analysts expect Uniform ROA to decline to 129% by 2022, accompanied by 8% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $288, ...
The independent financial analyst theScreener just lowered the general evaluation of S&P GLOBAL (US), active in the Publishing industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 5, 2021, the closing price was USD 425.13 and its...
AT: AGRANA - Start of the sugar beet campaign in anticipation of a good harvest (positive) AT: Tax reform - The Austrian government agreed on a tax reform DE: Encavis - Encavis to convert hybrids to 12.6 mn new shares in early mandatory conversion as announced earlier (neutral) DE: Encavis - Refinancing of EUR 88 mn facility for photovoltaics portfolio in Italy (neutral) HU: Wizz Air - September traffic statistics (neutral) PL: PKO BP - The CEO considers ROE of >10% very good in curr...
CTSH has built an industry-leading asset-based consulting business over the past 15 years, seeing remarkably stable returns and steady investment in growth, through various economic cycles and potentially impactful regulatory changes. However, the market is expecting both their ability to drive growth and sustain and improve profitability to severely erode going forward, with UAFRS-based (Uniform) ROA falling by half and growth slowing too. While markets are overly pessimistic, management is al...
S&P Global Inc. (SPGI:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 34.8x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about their revenue growth, the IHS Markit merger, and recent product launches. Specifically, management may have concerns about the potential of their newly launched climate credit analytics product, Marketplace Workbench, and ESG Dividend Aristocrats Index serie...
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....
Shifting To Growth As 10-Yr Yield Breaks Key Support We are beginning to see some mild deterioration in market dynamics, including a break below the key 1.45% support level on the 10-year Treasury yield which is coupled with underperformance from small-caps and value Sectors. Still, other indicators remain largely positive. As a result, we continue to see a mixed, but overall constructive market. Sector Relative Strength Rankings & Weighting Recommendations. We are shifting toward favoring gro...
AT: Andritz - Andritz to supply four jet coaters to Chinese customer (neutral) AT: Rosenbauer - Contract of CEO Siegel extend by five years (neutral) PL: PKO BP - The CEO indicates management changes (neutral) RO: Macro - Inflation at 3.8% in May RU: Alrosa - Fitch upgraded ALROSA one notch to BBB on stable outlook RU: Macro - 50bp rate hike on Friday SR: Macro - Inflation at 3.6% in May SR: Macro - S&P kept rating and outlook unchanged at BB+
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.
Current market expectations for CVS are excessively pessimistic. Markets expect UAFRS-based (Uniform) ROA (ROA') to roll over to prior lows from 2010-2011. However, the company's fundamental strategy is likely to lead to continued ROA' expansion. CVS has been evolving into a full-service healthcare firm since their acquisition of Caremark in 2007, which led to initial ROA' expansion to 15%-17% levels. This was followed by continued investment in healthcare solutions and monetizing their data o...
S&P Global Inc. (SPGI:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 29.5x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about their non-transaction business revenue, IHS Markit merger, and their service fee collection Specifically, management may lack confidence in their ability to achieve net zero gas emissions by 2040, focus on innovation and technology, and meet their non-transa...
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.
LPLA has significantly transformed their business returns, but the market is expecting the company to give operational improvements back. The market is expecting UAFRS-based (Uniform) ROA (ROA') to fade from 30% in 2019 to 20% in 2024, with Uniform Asset growth slowing to a modest 5% a year going forward. The market does not think the company's improvement in Uniform ROA from 15%-20% levels historically to towards 30%+ is sustainable, and is expecting the company to see its operating leverage ...
S&P Global Inc. (SPGI:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 32.4x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is optimistic about their revenue guidance, Trucost data integration, and their platforms' value proposition Specifically, management generated an excitement marker when saying they increased their revenue guidance to a high single-digits. In addition, they are confident about the ...
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.
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