Most Compelling Long Ideas
CVS, CRUS, EBAY, COF, WGO
Most Compelling ECF™ Inflections
ABBV, TTD, MO, URI, SNX
Company Specific Highlights & Insights:
ADM, AKS, AMGN, CW, EA, FLS, GT, LUV, MO, MPC, PSX, PTC, QCOM, SYY, TDG, TEVA, TMUS, TRU, UPS, WLK, ZTS
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.