reports
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Breakouts Proliferate; Bullish Outlook Intact The S&P 500, Nasdaq 100, and DJI are breaking out to new all-time highs following 3-week consolidations, while the small-cap Russell 2000 (IWM), mid-cap S&P 400 (IJH), Vanguard Extended Market ETF (VXF), and countless other Sectors/industries are breaking out from 3-week bullish falling wedge/flag patterns. This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook...
SF STIFEL FINANCIAL CORP.
NTAP NETAPP INC.
MC MOELIS & CO. CLASS A
LINC LINCOLN EDUCATIONAL SERVICES
CVLT COMMVAULT SYSTEMS INC.
APEI AMERICAN PUBLIC EDUCATION
AFG AMERICAN FINANCIAL GROUP INC.
AIG AMERICAN INTERNATIONAL GROUP INC.
ING.. ING GROEP N.V. ADS
UTI UNIVERSAL TECHNICAL INSTITUTE INC.
NTNX NUTANIX INC. CLASS A
ATGE ADTALEM GLOBAL EDUCATION INC.
AXAHY AXA S.A. ADS
JEF JEFFERIES FINANCIAL GROUP INC.
DBX DROPBOX INC. CLASS A
STRA STRATEGIC EDUCATION INC.
TKOMY TOKIO MARINE HOLDINGS INC. ADS
AFYA AFYA
PRDO PERDOCEO EDUCATION CORP
LRN STRIDE INC
LAZ LAZARD INC
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Upgrading Real Estate, Transportation to Market Weight Ongoing developments have been almost exclusively of the risk-on variety ever since we discussed that risk/reward favored buyers in late-October (10/24/23 and 10/31/23 Compass reports). The latest risk-on developments include the Russell 2000 (IWM) and DJI breaking above resistances of $180 and 35,650, respectively, to go along with bullish 9-month RS reversals for small-, mid-, and micro-caps. Breadth improvement and broadening participati...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Russell 2000 With Bullish Breadth Divergences Our expectations since late September remain unchanged; equities are not yet out of the woods, but as long as the S&P 500 is above 4165-4200 and the 200-day MA, we are bullish, as most signs point to this being a normal pullback within the ongoing bullish trend in SPX. As discussed in last week's Compass (10/11/23), we have growing confidence that the lows are likely in on the SPX, which made a low at 4216 (with 4200 hit exactly overnight 10/4/23). ...
L LOEWS CORPORATION
CNO CNO FINANCIAL GROUP INC.
PRU PRUDENTIAL FINANCIAL INC.
AIG AMERICAN INTERNATIONAL GROUP INC.
MET METLIFE INC.
ABC AMERISOURCEBERGEN CORPORATION
MCK MCKESSON CORPORATION
FFH FAIRFAX FINANCIAL HOLDINGS LIMITED
CAH CARDINAL HEALTH INC.
LNC LINCOLN NATIONAL CORPORATION
TKOMY TOKIO MARINE HOLDINGS INC. ADS
KCLI KANSAS CITY LIFE INSURANCE CO
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Growing Confidence That the Lows Are In In our 9/26/23 and 10/3/23 Compass reports, we discussed the increasing odds of a deeper pullback to a confluence of support at 4165-4200/the 200-day MA on the S&P 500, but that as long as this support holds, most signs point to this being a normal pullback within the ongoing bullish trend in SPX. Ongoing market dynamics allow us to be even more confident in our outlook, which remains unchanged; 4216 was the low for this pullback, with 4200 getting hit ov...
- Michael Makdad
Morningstar | Tokio Marine Has Had the Strongest Financial Performance...
We think Japan’s nonlife insurance sector has more appeal as a long-term investment than most other areas of Japanese finance, such as banking, securities, or life insurance, because industrywide return on assets has roughly doubled after the last round of industry consolidation in 2010. Three firms--Tokio Marine, MS&AD, and Sompo--stably control more than 85% of market share, and only three others (AIG, the nonlife unit of an agricultural cooperative insurer, and Sony Assurance) have even 1%....
- Michael Makdad
Tokio Marine Has Had the Strongest Financial Performance of Japan's Bi...
We think Japan’s nonlife insurance sector has more appeal as a long-term investment than most other areas of Japanese finance, such as banking, securities, or life insurance, because industrywide return on assets has roughly doubled after the last round of industry consolidation in 2010. Three firms--Tokio Marine, MS&AD, and Sompo--stably control more than 85% of market share, and only three others (AIG, the nonlife unit of an agricultural cooperative insurer, and Sony Assurance) have even 1.....
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