reports
Moody's downgrades Valaris plc's PDR to D-PD on Ch-11 bankruptcy filin...
Rating Action: Moody's downgrades Valaris plc's PDR to D-PD on Ch-11 bankruptcy filing. Global Credit Research- 19 Aug 2020. New York, August 19, 2020-- Moody's Investors Service, downgraded Valaris plc's Corporate Family Rating to Ca from Caa3, Probability of Default Rating to D-PD from Caa3-PD/LD, senior unsecured notes to C from Ca, and Speculative Grade Liquidity Rating to SGL-4 from SGL-3.
Moody's appends limited default designation to Valaris plc's PDR
Announcement: Moody's appends limited default designation to Valaris plc's PDR. Global Credit Research- 02 Jul 2020. New York, July 02, 2020-- Moody's Investors Service appended a limited default designation to Valaris plc's Probability of Default Rating, changing it to Caa3-PD/LD.
Due to a more favourable environment, VALARIS PLC. slightly increases ...
VALARIS PLC. (US), a company active in the Oil Equipment & Services industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Slightly Negative even if it remains under pressure. As of the analysis date May 5, 2020, the closing price ...
Moody's announces completion of a periodic review of ratings of Valari...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Valaris plc. Global Credit Research- 02 Apr 2020. New York, April 02, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Valaris plc and other ratings that are associated with the same analytical unit.
- Dave Nicoski
- Ross LaDuke
Vital Signs: Actionable charts
Key Points: • A number of significant Communications names are developing bullishly. (ex. GOOG, FB, and NWS) • Consumer Discretionary names continue to develop positively. (ex. THRM, LEA, WYNN, PENN, CMG, KMX, and AMZN) • Energy Sector names continue to attempt to carve out bottoms. (ex. OXY, VAL) • Financial Sector names continue to develop bullishly (ex. C, UMPQ, EWBC, TROW, MSCI, SPGI, GS, and MS)
UTX.. RAYTHEON TECHNOLOGIES CORPORATION
OXY OCCIDENTAL PETROLEUM CORPORATION
GE GENERAL ELECTRIC COMPANY
KMX CARMAX INC.
LITE LUMENTUM HOLDINGS INC.
MS MORGAN STANLEY
C CITIGROUP INC.
WYNN WYNN RESORTS LIMITED
WDC WESTERN DIGITAL CORPORATION
V VISA INC. CLASS A
UMPQ UMPQUA HOLDINGS CORPORATION
TYL TYLER TECHNOLOGIES INC.
THRM GENTHERM INCORPORATED
TER TERADYNE INC.
SEDG SOLAREDGE TECHNOLOGIES INC.
RTN RAYTHEON COMPANY
PYPL PAYPAL HOLDINGS INC
PENN PENN NATIONAL GAMING INC.
OLED UNIVERSAL DISPLAY CORPORATION
NWS NEWS CORPORATION CL B
MU MICRON TECHNOLOGY INC.
MSCI MSCI INC. CLASS A
MCHP MICROCHIP TECHNOLOGY INCORPORATED
LRCX LAM RESEARCH CORPORATION
LEA LEAR CORPORATION
GOOG ALPHABET INC. CLASS C
FORM FORMFACTOR INC.
FAN FABRINET
FB FACEBOOK INC. CLASS A
AMAT APPLIED MATERIALS INC.
ADSK AUTODESK INC.
ACLS AXCELIS TECHNOLOGIES INC.
CMG CHIPOTLE MEXICAN GRILL INC.
CRUS CIRRUS LOGIC INC.
PKI PERKINELMER INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
TROW T. ROWE PRICE GROUP
AXON AXON ENTERPRISE INC
ICHR ICHOR HOLDINGS LTD.
SGH SMART GLOBAL HOLDINGS INC.
AMZN AMAZON.COM INC.
AMD ADVANCED MICRO DEVICES INC.
VICR VICOR CORP.
VALPQ VALARIS PLC CLASS A
ONTO ONTO INNOVATION
INC.
- Preston Caldwell
Morningstar | Falling Oil Prices Have Made Oilfield Service Stocks Ver...
Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...
- Preston Caldwell
Morningstar | Falling Oil Prices Have Made Oilfield Service Stocks Ver...
Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breeched 15-plus year lows. For oilfield service companies, we think the market is pricin...
- Preston Caldwell
Falling Oil Prices Have Made Oilfield Service Stocks Very Cheap Again
Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breeched 15-plus year lows. For oilfield service companies, we think the market is pricin...
- Preston Caldwell
Morningstar | Adjusting Offshore Driller Fair Value Estimates on Revis...
After reviewing our long-term forecasts, we are revising our fair value estimates for offshore drillers. Diamond moves down to $7.25 per share from $10.50 previously, Transocean moves to $6.75 from $6.50, Ensco moves to $10.25 from $15, and Noble to $1.50 from $2.50. Our no-moat ratings for each of the names remain unchanged. With the exception of Transocean, our fair value estimates are moving significantly down as a result of more pessimistic long-term industry assumptions. In the floater mar...
- Preston Caldwell
Morningstar | Adjusting Offshore Driller Fair Value Estimates on Revis...
After reviewing our long-term forecasts, we are revising our fair value estimates for offshore drillers. Diamond moves down to $7.25 per share from $10.50 previously, Transocean moves to $6.75 from $6.50, Ensco moves to $10.25 from $15, and Noble to $1.50 from $2.50. Our no-moat ratings for each of the names remain unchanged. With the exception of Transocean, our fair value estimates are moving significantly down as a result of more pessimistic long-term industry assumptions. In the floater mar...
- Preston Caldwell
Adjusting Offshore Driller Fair Value Estimates on Revised Long-Term R...
After reviewing our long-term forecasts, we are revising our fair value estimates for offshore drillers. Diamond moves down to $7.25 per share from $10.50 previously, Transocean moves to $6.75 from $6.50, Ensco moves to $10.25 from $15, and Noble to $1.50 from $2.50. Our no-moat ratings for each of the names remain unchanged. With the exception of Transocean, our fair value estimates are moving significantly down as a result of more pessimistic long-term industry assumptions. In the floater ma...
- Preston Caldwell
Offshore Drillers Face Long-Term Outlook of Meager Utilization
We are adjusting our Ensco Rowan fair value estimate for the newly combined company's post-merger 4-to-1 reverse share split. As a result, our fair value estimate moves up to $15 per share. Our no-moat rating and extreme uncertainty rating remain in place. The merger has created the largest offshore driller in the industry by fleet size (and about tied for first with prior leader Transocean by revenue). As a reminder, we don't think the merger will have a dramatic impact on the new company or ...
- Valens Research
UHS UNIVERSAL HEALTH SERVICES INC. CLASS B
LEN LENNAR CORPORATION CLASS A
LEE LEE ENTERPRISES INCORPORATED
KBH KB HOME
DNR DENBURY RESOURCES INC.
DISH DISH NETWORK CORPORATION CLASS A
DFODQ DEAN FOODS COMPANY
DBD DIEBOLD NIXDORF INCORPORATED
D DOMINION ENERGY INC
CVS CVS HEALTH CORPORATION
CVI CVR ENERGY INC.
CHK CHESAPEAKE ENERGY CORPORATION
BZH BEAZER HOMES USA INC.
AVON. AVON PRODUCTS INC.
R1D AERCAP HOLDINGS NV
HTZ HERTZ GLOBAL HOLDINGS INC.
CYH COMMUNITY HEALTH SYSTEMS INC.
NAV NAVISTAR INTERNATIONAL CORPORATION
RIGN TRANSOCEAN LTD.
YRCW YELLOW CORPORATION
JCP OLD COPPER COMPANY. INC.
X UNITED STATES STEEL CORPORATION
MTW MANITOWOC COMPANY INC.
AMD ADVANCED MICRO DEVICES INC.
RAD RITE AID CORPORATION
VALPQ VALARIS PLC CLASS A
- 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.
STT STATE STREET CORPORATION
UBSN UBS GROUP AG
GWW W.W. GRAINGER INC.
DBK DEUTSCHE BANK AG
VC VISTEON CORPORATION
URBN URBAN OUTFITTERS INC.
TSU.N TIM SA (BRAZIL) SPONSORED ADR
TSLA TESLA INC
TRIP TRIPADVISOR INC.
SNP CHINA PETROLEUM & CHEMICAL CORP. ADS
SCHL SCHOLASTIC CORPORATION
PSMT PRICESMART INC.
PRAH PRA HEALTH SCIENCES INC.
PKXN POSCO
NRG NRG ENERGY INC.
MOS MOSAIC COMPANY
MC MOELIS & CO. CLASS A
M MACY'S INC
DLY LYONDELLBASELL INDUSTRIES NV
LFL LATAM AIRLINES GROUP S.A. ADS
KOP KOREA ELECTRIC POWER CORP (ADR)
JWN NORDSTROM INC.
GPC GENUINE PARTS COMPANY
GHDX GENOMIC HEALTH INC.
FFIV F5 NETWORKS INC.
EMY EMBRAER S.A. SPONSORED ADR
CAL CALERES INC.
C25 BIOTELEMETRY INC.
BAP. CREDICORP LTD.
BAK BRASKEM S/A ADS
AMED AMEDISYS INC.
AAP ADVANCE AUTO PARTS INC.
PAAS PAN AMERICAN SILVER CORP.
ADS ALLIANCE DATA SYSTEMS CORPORATION
CENX CENTURY ALUMINUM COMPANY
PTRN. PETROCHINA CO LTD
FIZZ NATIONAL BEVERAGE CORP.
CC CHEMOURS CO.
UTHR UNITED THERAPEUTICS CORPORATION
OSB. NORBORD INC.
VODJ VODAFONE GROUP PLC (ADR)
MT ARCELORMITTAL
CTXS CITRIX SYSTEMS INC.
DWDP DUPONT DE NEMOURS INC.
PVAC PENN VIRGINIA CORPORATION
VALPQ VALARIS PLC CLASS A
- Valens Research
UHS UNIVERSAL HEALTH SERVICES INC. CLASS B
LEN LENNAR CORPORATION CLASS A
LEE LEE ENTERPRISES INCORPORATED
KBH KB HOME
DNR DENBURY RESOURCES INC.
DISH DISH NETWORK CORPORATION CLASS A
DFODQ DEAN FOODS COMPANY
DBD DIEBOLD NIXDORF INCORPORATED
CVS CVS HEALTH CORPORATION
CVI CVR ENERGY INC.
CHK CHESAPEAKE ENERGY CORPORATION
BZH BEAZER HOMES USA INC.
AVON. AVON PRODUCTS INC.
R1D AERCAP HOLDINGS NV
HTZ HERTZ GLOBAL HOLDINGS INC.
CYH COMMUNITY HEALTH SYSTEMS INC.
NAV NAVISTAR INTERNATIONAL CORPORATION
RIGN TRANSOCEAN LTD.
YRCW YELLOW CORPORATION
JCP OLD COPPER COMPANY. INC.
X UNITED STATES STEEL CORPORATION
MTW MANITOWOC COMPANY INC.
AMD ADVANCED MICRO DEVICES INC.
RAD RITE AID CORPORATION
VALPQ VALARIS PLC CLASS A
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