Valens Equity Weekly Insights and Inflections for November 28, 2018

Market Insights
Most Compelling Long Ideas
FB, COF, WGO, CTXS, GRMN

Most Compelling ECF™ Inflections
MPC, NXPI, CVI, KBH, NESN:CHE

Company Specific Highlights & Insights:

ASGN, GILD, TMO
ABBV, AGN, AMAG, BBY, GME, LB, MO, NOV, ZNGA

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.