The Latest from Valens Research
Friday, December 9, 2016


  • credit

    Valens Credit Weekly Insights for December 7, 2016

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    Each week, the Valens Credit team highlights our most interesting insights from across our tools and our analysis. This week’s interesting insights include:

    Highlighted Top Ideas

    AMD – Advanced Micro Devices, Inc.
    FCX – Freeport-McMoRan Inc.
    YRCW – YRC Worldwide Inc.

    Other Ideas

    GM – General Motors Company

  • equities

    Valens Equities Weekly Equity Idea Highlight for December 7, 2016 – Lam Research Corporation

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    This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis.

    Lam Research Corporation (LRCX): Market expectation are for a negative cycle, but LRCX’s strong execution, industry tailwinds, and management confidence about their business and industry spell reasons for equity upside

  • equities

    Valens Equities Weekly Insights and Inflections for December 7, 2016

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    Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights

    Top Highlight: The Home Depot, Inc. (HD)

    Other Highlights: AGN, GD, PX Other Recent Analyses: AET, AVP, CBS, CHK, DB:CON, CVS, CXO, HAL, LRCX, LUV, PCLN, DB:SIE, SPLS, TGT, TSO, VFC

  • equities

    UAFRS vs As-Reported Weekly Highlights for December 7, 2016

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    Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

    This week, we focus on CBS Corporation (CBS), The Priceline Group Inc (PCLN), and General Dynamics Corporation (GD).

  • credit

    Valens Credit Weekly Insights for November 30, 2016

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    Each week, the Valens Credit team highlights our most interesting insights from across our tools and our analysis. This week’s interesting insights include:

    Highlighted Top Ideas

    LEN – Lennar Corporation
    URI – United Rentals, Inc.
    R – Ryder System, Inc.

    Other Ideas

    CCI – Crown Castle International Corp.

  • equities

    Valens Equities Weekly Equity Idea Highlight for November 30, 2016 – Korn/Ferry International

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    This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis.

    Korn/Ferry International (KFY): Markets expect an ROA’ decline post-Hay acquisition, but macro tailwinds and management alignment point to continued strong execution despite of some potential near-term operational headwinds

  • equities

    Valens Equities Weekly Insights and Inflections for November 30, 2016

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    Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights

    Top Highlight: First Solar, Inc. (FSLR)

    Other Highlights: DOW, MYL, DB:SIE Other Recent Analyses: APC, ATW, BIIB, CHTR, CTL, D, DD, ECL

  • equities

    UAFRS vs As-Reported Weekly Highlights for November 30, 2016

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    Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

    This week, we focus on Mylan N.V. (MYL), First Solar, Inc. (FSLR), and Siemens Aktiengesellschaft (DB:SIE).

  • equities

    Valens Equities Weekly Equity Idea Highlight for November 23, 2016 – Facebook, Inc.

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    This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis.

    Facebook, Inc. (FB): Exaggerating market concerns about advertising growth concerns while management sees sustained continued strong execution and growth opportunities spell upside potential

  • equities

    Valens Equities Weekly Insights and Inflections for November 23, 2016

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    Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights

    Top Highlight: Check Point Software Technologies Ltd. (CHKP)

    Other Highlights: BA, EPD, MYL Other Recent Analyses: TSE:2914, AAPL, BAS, BAYN, DHI, GILD, MNTA, PCLN, RB, RIG, SPR, TWX, TXN, UNH, VRX, X, ZG

  • equities

    Valens vs As-Reported Weekly Highlights for November 23, 2016

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    Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

    This week, we focus on Reckitt Benckiser Group plc (LSE:RB.), Check Point Software Technologies (CHKP), and The Boeing Company (BA).

  • credit

    Valens Credit Weekly Insights for November 23, 2016

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    Each week, the Valens Credit team highlights our most interesting insights from across our tools and our analysis. This week’s interesting insights include:

    Highlighted Top Ideas

    AKS – AK Steel Holding Corporation
    CHK – Chesapeake Energy Corporation
    DAL – Delta Air Lines, Inc.

    Other Ideas

    BBY – Best Buy Co., Inc.
    KBH – KB Home

  • credit

    Valens Credit Weekly Insights for November 16, 2016

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    Each week, the Valens Credit team highlights our most interesting insights from across our tools and our analysis. This week’s interesting insights include:

    Highlighted Top Ideas

    JCP – J. C. Penney Company, Inc.
    NAV – Navistar International
    UVV – Universal Corporation

    Other Ideas

    LB – L Brands, Inc.
    RPM – RPM International Inc.

  • equities

    Valens Equities Weekly Equity Idea Highlight for November 16, 2016 – Mylan N.V.

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    This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis.

    Mylan N.V. (MYL): Market expectations are for profitability to collapse post-EpiPen, but low expectations, management’s confidence in their business strategy, and proper management alignment spell equity upside potential

  • equities

    Valens Equities Weekly Insights and Inflections for November 16, 2016

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    Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights

    Top Highlight: Facebook, Inc. (FB)

    Other Highlights: FSLR, TSCO, V Other Recent Analyses: AMZN, BABA, BMY, CVX, DHR, ESV, FCX, HON, KSU, LNN, MCD, PFE, RCL, ENXTPA:SAN, SCI

  • equities

    Valens vs As-Reported Weekly Highlights for November 16, 2016

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    Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

    This week, we focus on Tractor Supply Company (TSCO), Facebook, Inc (FB), and Bristol-Myers Squibb Company (BMY).

  • credit

    Valens Credit Weekly Insights for November 9, 2016

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    Each week, the Valens Credit team highlights our most interesting insights from across our tools and our analysis. This week’s interesting insights include:

    Highlighted Top Ideas

    ATW – Atwood Oceanics, Inc.
    MTOR – Meritor, Inc.
    RIG – Transocean Ltd.

    Other Ideas

    CCO – Clear Channel Outdoor Holdings Inc.
    AER – AerCap Holdings N.V.

  • equities

    Valens Equities Weekly Equity Idea Highlight for November 9, 2016 – First Solar, Inc.

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    This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis.

    First Solar, Inc. (FSLR): FSLR currently trades at valuations pricing insolvency, but they have best-in-class above cost-of-capital ROA’, strong management alignment and confidence about their operations and strategy long-term

  • equities

    Valens Equities Weekly Insights and Inflections for November 9, 2016

    veii-logo-2016-11-09

    Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights

    Top Highlight: Texas Instruments Inc. (TXN)

    Other Highlights: AAL, CSX, VZ Other Recent Analyses: ABT, ALK, AVP, CRUS, LSE:DGE, EXPE, FAST, GOOGL, GWW, JNPR, NOV, SLB, SYF, TWTR, UNP

  • equities

    Valens vs As-Reported Weekly Highlights for November 9, 2016

    vvsar-logo-2016-11-09

    Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

    This week, we focus on Expedia Inc. (EXPE), Abbott Laboratories (ABT), and Juniper Networks, Inc. (JNPR).