Valens Equity Weekly Insights and Inflections for February 13, 2019

Market Insights
Most Compelling Long Ideas
COF, CRUS, FB, WGO, LRCX

Most Compelling ECF™ Inflections
JPM, GPK, NDAQ, RPM, NTES

Company Specific Highlights & Insights:

CTXS, LRCX, NFLX
ABBV, AES, ALV, AXTA, BAH, BBY, CCK, CCL, DOOR, FLS, KEYS, STOR, TTWO, VMC, ZBRA

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.