Valens Equity Weekly Insights and Inflections for October 24, 2018
Market Insights
Most Compelling Long Ideas
FB, COF, WGO, CTXS, GRMN
Most Compelling ECF™ Inflections
YUM, MA, MPC, RPM, NXPI
Company Specific Highlights & Insights:
ADBE, TGT, WGO
4452:JPN, CHTR, D, EL, FDX, HUM, JD, LIN:DEU, LRCX, MPC, NSC, PX, SAF:FRA
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.