Since plummeting -20% from the end of September to the day after Christmas, the S&P 500 has bounced back by roughly +12%. From a trading perspective, nearly all of our most closely followed technical indicators reached deeply oversold levels in late December. However, many, such as our Relative Strength Indicator, have now bounced back into the middle of the range. The S&P 500 is now trading at 15.3x, toward the bottom end of the range that existed before the steep selloff in December.
Search Coverage List, Models & Reports
Search Results1-10 out of 1031
Firefly Value Partners, which owns 8.1% of Gulfport Energy (GPOR), has sent a letter to the board highlighting the company’s stock price underperformance. Firefly advocates for a $500M share repurchase program and an end to value-destructive share issuances.
We believe that Chinese policymakers have started stimulus programs that will include tax cuts, required reserve ratio reductions, policies to boost local government spending, and more direct lending to private enterprises. We also expect a U.S.-China trade deal and diminished Fed rate hike concerns to also help improve the outlook for emerging markets more broadly.
Since plummeting -20% from the end of September to the day after Christmas, the S&P 500 has bounced back by roughly +10%. We believe that the rebound has primarily been driven by Fed’s recently more dovish tone, which has undone most of the damage done following the 12/19 FOMC meeting. Looking ahead, we expect investors to become increasingly focused on fundamentals and global growth prospects. In this note, we briefly review the six key developments that we’ll be closely monitoring in order to determine whether our bullish base case remains intact.
We believe that weak productivity growth has been the biggest secular drag in the aftermath of the 2008-09 Financial Crisis. Looking into the back half of 2019 and 2020, U.S. fiscal stimulus will be fading, while monetary conditions will most likely continue to gradually tighten around the world. The critical question at this point will become whether or not productivity growth picks up to compensate.
Twenty-First Century Fox (FOXA) announced that it has filed a form 10 for the spin-off of Fox Corporation. Fox Corporation will include a portfolio of news, sports, and broadcasting businesses. The transaction is expected to close in the first half of 2019. For the fiscal year ended 2018, FOX had revenues of $10.2 bn.
Increasingly, over the past year, we’ve been focused at identifying potential short stock ideas/avoiding stock blow-ups. Our short screens comprise the 10 most potent valuation, earnings quality, capital creation, capital allocation, and sentiment metrics we’ve found to be most useful in searching for ideas on which to complete additional fundamental analysis. These short screens represent the backbone of the process that we use for which to dig deeper and identify the most compelling short ideas.
- 1 of 104
- next →