Valens Equity Weekly Insights and Inflections for January 14, 2020
Most Compelling Long Ideas
CRUS, PINC, CTSH, COF, EBAY
Most Compelling ECF™ Inflections
ARMK, ACN AN, HGV, LK
Company Specific Highlights & Insights:
APH, CRUS, CTSH, CYH, DIS, DISC.A, DHI, DLR, EW, FOXF, MCO, MO, MTZ, NSIT, NVDA, SBAC, SBGI, TPR, WBT
Aggregate ECF™ Trend Analysis:
Management confidence levels appear to be inflecting more positively in October; breaking off their negative trend for the past several months. The ratio had dropped significantly from 2018 levels in the middle of 2019, however the recent positive inflection may be a sign of management teams growing more confident about investing. This has been signified by both a bump in confidence markers, but more importantly, a drop in highly questionable markers, a sign of reduced concerns about visibility for businesses going forward.