Most Compelling Long Ideas
CVS, CRUS, EBAY, COF, WGO
Most Compelling ECF™ Inflections
MA, ABBV, MO, URI, ACAD
Company Specific Highlights & Insights:
AMN, BA, BMRN, CAT, CTSH, CRUS, DISC.A, DHI, FSLR, GRMN, HON, LEVI, LRCX, MSM, MTZ, NOV, PM, PYPL, SWK, TPR, WHD
Aggregate ECF™ Trend Analysis:
Management confidence levels appear to be gaining negative momentum, particularly in the last several months; breaking off their positive trend for two years. The ratio had consistently remained above 2016-2017 levels, however the recent inflection down may be a sign of management teams growing more uncertain about investing. In particular, this has been signified by a sustained rise in highly questionable markers, as opposed to a decline in management confidence.