Valens Equity Weekly Insights and Inflections for November 14, 2018
Market Insights
Most Compelling Long Ideas
FB, COF, WGO, CTXS, GRMN
Most Compelling ECF™ Inflections
MA, MPC, NXPI, CVI, NESN:CHE
Company Specific Highlights & Insights:
FB, PANW, SCS
ABM, ABT, AMZN, ASML:NLD, CASY, CTXS, DG:FRA, GIII, IRBT, LMT, NOVN:CHE, PM, SIE:DEU, SLB, SYY, VEC:GBR
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.