Valens Equity Weekly Insights and Inflections for February 6, 2019

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

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

Company Specific Highlights & Insights:

BSX, WEED:CAN, WGO
ADBE, ARMK, BR, CZR, DISH, GDDY, INCY, IRM, LHA:DEU, MTD, NBIX, NDAQ, NKE, OHI, SHOP, TWTR, VMC, YUMC

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.