Most Compelling Long Ideas
CRUS, PINC, CTSH, COF, EBAY
Most Compelling ECF™ Inflections
ABBV, POST, TTD, ACAD, MO
Company Specific Highlights & Insights:
ACAD, AMT, ANET, ARMK, CHTR, CRM, DHR, DXC, FOXA, GE, HOLX, IONS, IT, MPWR, PAYC, PKG, SSNC, SWKS, XOM
Aggregate ECF™ Trend Analysis:
Management confidence levels appear to be gaining negative momentum, particularly in the last several months; breaking off their positive trend for two years. The ratio had consistently remained above 2016-2017 levels, however the recent inflection down may be a sign of management teams growing more uncertain about investing. In particular, this has been signified by a sustained rise in highly questionable markers, as opposed to a decline in management confidence.