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The Latest from
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July 24, 2019
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: CCL – Carnival Corporation Other Highlights: ADBE, JNPR, UGI Other Recent Analyses: ABT, ADP, ALLE, AOS, CF, DBX, KMB, LLY, MKTX, MLM, NLSN, SBUX, SYK, UBER, VAR, VNO...
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July 24, 2019
Roku, Inc. (ROKU:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 155.7x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about future growth, upcoming legislation, and the Roku channel...
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July 23, 2019
American Tower Corporation (REIT) (AMT:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 34.1x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about planned Capex, international operations, and cash flow growth...
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July 22, 2019
Carnival Corporation (CCL:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 15.5x Uniform P/E, implying bearish expectations for the firm. However, management is confident about improving demand, earnings, and asset utilization...
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July 22, 2019
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. Microsoft Corporation (MSFT), Cirrus Logic, Inc. (CRUS), Splunk Inc. (SPLK)...
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July 19, 2019
Adobe Inc. (ADBE:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 40.7x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about their margins, revenue targets, and the Adobe Experience Platform...
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July 19, 2019
Thursday, August 8, 2019
11:45 am to 1:15 pm EDT
374 Commonwealth Avenue,
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Boston, Massachusetts... -
July 19, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. WGO likely to drive strong returns, as current low market expectations do not recognize age-wave, and company strategy factors, strong management alignment, and growing management confidence that are likely to justify upside...
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July 18, 2019
Summary Headlines – Inside This Month
- The Fed makes the trend, and the (upward) trend is your friend. The Fed is set to cut interest rates in July. This, combined with overall lower corporate borrowing costs may allow companies to refinance debt maturity headwalls that have been a potential market overhang. This gives a confirming all clear signal for the next year and beyond
- Profits and profitability continue to rise to all time highs across US corporations (UAFRS adjusted, accurate calculations)
- US firms are likely to use profits to increase capital investments in 2019...
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July 18, 2019
Highlighted Top Ideas AN – AutoNation, Inc., CVI – CVR Energy, Inc., RIG – Transocean Ltd....
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July 18, 2019
UGI Corporation (UGI:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 19.6x Uniform P/E. However, even at these levels, markets are pricing in muted expectations for the firm, while management is confident about their operating performance, capital return strategy, and the AmeriGas acquisition...
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July 17, 2019
Juniper Networks, Inc. (JNPR:USA) currently trades slightly below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 16.9x Uniform P/E, implying muted expectations for the firm. Additionally, management appears concerned about sales growth, headwinds to their Cloud business, and the competitive landscape...
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