Most Compelling Long Ideas
CRUS, PINC, CTSH, COF, EBAY
Most Compelling ECF™ Inflections
ABBV, POST, TTD, ACAD, MO
Company Specific Highlights & Insights:
AAP, ALLE, ANTM, AXTA, BAH, BLK, CHRW, CSX, FIS, LW, MAS, MDLZ, MHK, POST, RRC, SYK, TYL, WHR, WRK
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.