Abbott Laboratories (ABT:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 24.7x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, however management has concerns about guidance, their Nutrition business, and future growth

RE/MAX Holdings, Inc. (RMAX:USA) currently trades at the low end of historical levels relative to UAFRS-based (Uniform) Earnings with a 3.5x Uniform P/E, implying bearish expectations for the firm. Additionally, management is concerned about their forecast, future growth, agent quality, Motto Mortgage, competition, and booj platform

Each week, the Valens Research team highlights our most interesting insights from across our tools and our analysis, including individual company, industry, and macro insights. Top Highlight: ASGN, CME, VEEV Other Recent Analyses: ALXN, CIEN, CMG, DUK, FLS, GPS, GRUB, HAL, IBM, IRBT, ISRG, JNJ, MSFT, OMC, PM, SLB, SNA, THRM

CVS Health Corporation (CVS:USA) currently trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 17.0x Uniform P/E. At these levels, markets are pricing in bearish expectations for the firm, and while management has concerns about expansion, operating income, and capital allocation, the firm’s leadership position in its space suggests longer-term upside remains warranted

Netflix, Inc. (NFLX:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 47.0x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about their self-produced content and subscriber growth

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. Prestige Consumer Healthcare, Inc. (PBH), Yelp, Inc. (YELP), Big Yellow Group PLC. (BYG:GBR)

Veeva Systems Inc. (VEEV:USA) currently trades at the higher end of historical averages relative to UAFRS-based (Uniform) Earnings with a 58.1x Uniform P/E, implying bullish expectations for the firm. Management appears to be concerned about growth, innovation, new products, and improving efficiencies

CME Group Inc. (CME:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Assets, with a 51.3x Uniform P/E. At these levels, markets have bullish expectations for the firm, but management has concerns about contract volume and their NEX acquisition

This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. The market is concerned about rapid profitability and growth declines, but management is finally gaining confidence about monetizing investment, spelling upside potential

Each week, the Valens Research team highlights our most interesting insights from across our tools and our analysis, including individual company, industry, and macro insights. Top Highlight: INTU, MPWR, POST Other Recent Analyses: ANTM, BERY, BP.:GBR , CTXS, DAL, EPD, GNTX, HDS, IBM, KBH, LB, MCFT, MIDD, MPW, PEP, QRVO, SERV, SUPN

ASGN Incorporated (ASGN:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.2x Uniform P/E, implying bearish expectations for the firm. Additionally, although negative management sentiment suggests the potential for near-term headwinds, the firm’s historical performance and leadership in its space suggest longer-term upside remains warranted

NIKE, Inc. (NKE:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 28.4x Uniform P/E, implying bullish expectations for the firm. However, management may be concerned about growth in China, consumer engagement in Nike Digital, and product innovation

This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. EBAY is a winning investment with robust returns, strong economic moats, and management that is properly aligned and showing more confidence that imply low market expectations are too pessimistic

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. Oracle Corporation (ORCL), TripAdvisor, Inc. (TRIP), American Public Education, Inc. (APEI)

Facebook, Inc. (FB:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 26.5x Uniform P/E. Even at these levels, markets are pricing in extremely bearish expectations for the firm, and while management’s concerns about privacy controls, government regulation, and expenses suggest the potential for near-term headwinds, the firm’s leadership position in its space and management’s confidence about user engagement rates suggest longer-term upside remains warranted

Post Holdings, Inc. (POST:USA) is currently trading near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 21.1x Uniform P/E. At these levels, markets are pricing in bearish expectations for the firm. However, management is confident about their opportunities in the Refrigerated Retail segment and the value of their marketing efforts

Monolithic Power Systems, Inc. (MPWR:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 34.6x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about their ability to improve margins, drive e-commerce traffic, and maintain recent growth

Each week, the Valens Research team highlights our most interesting insights from across our tools and our analysis, including individual company, industry, and macro insights. Top Highlight: ACN, AMD, ROKU Other Recent Analyses: AER, AMT, BAH, COP, EPAM, GE, HUBB, LEN, MU, ST, STZ, T, UAA, UPS, ZG

Intuit Inc. (INTU:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 38.5x Uniform P/E, implying bullish expectations for the firm. However, management is concerned about driving growth, ARPC, and innovation

PepsiCo, Inc. (PEP:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 28.6x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about pricing, their snack business, and their Mountain Dew products