Featured Top Idea
TWTR – Twitter, Inc.
Action: Buy 2027 3.875% Bonds, CUSIP: 90184LAG7 (2.862% YTW, 1.382% iYTW)...
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October 13, 2021
Intuit Inc. (INTU:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 49.6x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about revenue guidance, Credit Karma synergies, and their 5 Big Bets strategy...
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October 12, 2021
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: LPLA – LPL Financial Holdings Inc. Other Highlights: AMD, PYPL, SJM...
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October 12, 2021
QUALCOMM Incorporated (QCOM:USA) currently trades near historical averages relative to UAFRS-based (Uniform) earnings, with a 16.8x Uniform P/E. Even at these levels...
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October 11, 2021
LHC Group, Inc. (LHCG:USA) currently trades around corporate averages relative to UAFRS-based (Uniform) earnings, with a 24.4x Uniform P/E, implying bullish expectations for the firm. However, management may have concerns about staffing challenges, cost management, and admissions growth...
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October 11, 2021
BA – CDS 105, Base Case iCDS 14bps
Negative Case iCDS 29bps, 2026 2.196% Bond YTW of 1.669%, iYTW of 1.149%
Baa2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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October 8, 2021
PayPal Holdings, Inc. (PYPL:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 62.6x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm...
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October 8, 2021
TWTR – No CDS, Base Case iCDS 42bps
Negative Case iCDS 68bps, 2027 3.875% Bond YTW of 2.862%, iYTW of 1.382%
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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October 7, 2021
Advanced Micro Devices, Inc. (AMD:USA) currently trades above historical averages relative to UAFRS-based (Uniform) earnings, with a 41.5x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm...
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October 6, 2021
The J.M. Smucker Company (SJM:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 15.5x Uniform P/E. At these levels,...
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October 6, 2021
Featured Top Idea
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AAL – American Airlines Group Inc.
Trade: Buy 2025 3.750% Bonds CUSIP: 02376RAE2 (6.913% YTW, 2.723% iYTW)... -
October 5, 2021
Marvell Technology Group Ltd. (MRVL:USA) currently trades well above corporate average relative to UAFRS-based (Uniform) earnings, with a 69.7x Uniform P/E. At these levels, the market has bullish expectations...
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