...Read More
The Latest from
-
February 21, 2020
Trimble Inc. (TRMB:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 21.5x Uniform P/E. At these levels, the market has bearish expectations for the firm...
Read More -
February 20, 2020
Merck & Co., Inc. (MRK:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 17.0x Uniform P/E. Even at these levels, the market has somewhat bullish expectations for the firm...
Read More -
February 20, 2020
- Party like it’s early 1999 the markets are set up to. Fundamental and management sentiment data point to accelerating earnings growth, at the same time that creditm lending standards are starting to flash signs of tightening. This is a classic set up for the beginning of the late stage of a bull market, where growth takes over, driving a market higher. A set up like early 1999. Signs of strong 2020 earnings growth and growing management confidence on this issue point to continued reason for fundamental acceleration
- Credit lending standards point to early reasons for monitoring credit, as does the recent re inversion of the yield curve even after the Fed’s lowering of rates in late However, these are often 18 month to 2 year leading indicators, and there are still no signals of an impending credit crisis. Low cost to borrow, favorable credit fundamentals, and a recent wave of refinancing gives room for corporate growth. A low to no credit risk environment suggests limited risk to US equities in 2020...
-
February 20, 2020
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.
Company Specific Highlights & Insights...
Read More -
February 19, 2020
Highlighted Top: KBH – KB Home, LEN – Lennar Corporation, LH – Laboratory Corporation of America Holdings...
Read More -
February 19, 2020
Intuitive Surgical, Inc. (ISRG:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 41.0x Uniform P/E, implying bullish expectations for the firm...
Read More -
February 18, 2020
Sanderson Farms, Inc. (SAFM:USA) currently trades near all-time highs relative to UAFRS-based (Uniform) Assets, with a 1.7x Uniform P/B. At these levels, the market has bullish expectations for the firm...
Read More -
February 18, 2020
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: DAL – Delta Air Lines, Inc. Other Highlights: COST, ROST, SAFM...
Read More -
February 18, 2020
Monday, March 16, 2020
11:45 PM to 1:15 PM PHT
Tudor Room, Room 700, 7th floor
Read More
Union League Club of Chicago
65 W. Jackson Blvd. Chicago, IL 60604... -
February 17, 2020
...Read More
-
February 15, 2020
Saturday, February 15, 2020
1:30 PM to 4:00 PM PHT
Valens Research Education and Training Center
Read More
2803-C West Tower
Philippine Stock Exchange Center
Ortigas, Pasig City... -
February 14, 2020
Air Products and Chemicals, Inc. (APD:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Assets, with a 2.6x Uniform P/B, implying bullish expectations for the firm...
Read More -
February 13, 2020
Delta Air Lines, Inc. (DAL:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.7x Uniform P/E, implying bearish expectations for the firm...
Read More