Valens Equity Weekly Insights and Inflections for January 2, 2019
Market Insights
Most Compelling Long Ideas
COF, CRUS, FB, WGO, LRCX
Most Compelling ECF™ Inflections
NTES, ROK, MEG:CAN, YUM, VWS:DNK
Company Specific Highlights & Insights:
ECL, NSC, TPR
7203:JPN, ALXN, AMN, BAS:DEU, BAYN:DEU, BLL, DE, GD, HD, KFY, LUV, NEM, OMC, RTN, TEVA, WMT
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.