Valens Equity Weekly Insights and Inflections for December 12, 2018
Market Insights
Most Compelling Long Ideas
FB, COF, WGO, CTXS, GRMN
Most Compelling ECF™ Inflections
NTES, MEG:CAN, WMT, CVI, KBH
Company Specific Highlights & Insights:
AMT, D, MCD
AMGN, AN, ATVI, CSX, CTSH, HUM, MGM, MPC, MRK, MSFT, NSC, PSX, UNP, UTX, VOW3:DEU, X
Management confidence levels appear to be gaining positive momentum, particularly in the last several months; breaking off their stationary trend for two years. The ratio has consistently remained above 2016-2017 levels, pointing to management teams growing more confident about investing. In particular, this has been signified by a sustained rise in highly confident markers, as opposed to a decline in management concern, pointing to renewed optimism.