Cornelio Ash – Page 22 – WILLIAM O'NEIL+CO

Autodesk

Posted on August 3, 2021August 3, 2021 by Cornelio Ash

Key points from this report:

Next catalyst: Q2 FY22 results expected on August 25. Investor day event on September 1.

The stock is breaking out of a 28-week consolidation; add to positions here (pivot: $321). Support is at the 10-DMA.
Improving environment, management expects revenue acceleration going forward. On Q1 earnings call, the company commented that Autodesk is through the revenue growth trough and expects acceleration going forward. Recent positive read-through from peer Dassault Systemes’ Q2 results (company reported a beat-and-raise Q2) affirms a strong demand environment.
Strong key metrics: Remaining Performance Obligation (RPO) and billings underpin consistent performance. In Q1 FY22, total RPO increased 22% y/y to $4.2B and billings increased 10% y/y to $974M.
Market leader in a larger TAM. Autodesk has a 35% global share in the BIM-based AEC industry. The company’s TAM will expand to $69B by 2025, a five-year CAGR of 7%. Autodesk has penetrated only 5% of this TAM but continues to grow much faster than the market; in FY21, revenue grew 16% y/y to $3.8B. Management is targeting a 16-18% revenue CAGR in FY20-23.

Global Laggards

Posted on July 29, 2021July 30, 2021 by Cornelio Ash

Attached is the latest Global Laggards report from our analysts. You can also access the report here.

This report has been curated by our sector analysts to find stocks showing technical weakness. We believe these stocks are laggards relative to their own domestic markets. We recommend that they be underweighted as they may be vulnerable to further downside risk and underperformance.

Highlighted Charts

U.S.: R P M International ( RPM ), Cummins Inc ( CMI ), Allison Transmission ( ALSN ), Nio Inc ( NIO ), Carnival Corp ( CCL ), Liberty Oilfield Services ( LBRT ), First Midwest Bancorp ( FMBI ), Reinsurance Group of America ( RGA ), Guardant Health ( GH ), Cracker Barrel ( CBRL ), Cree ( CREE ), Take-Two Interactive ( TTWO ), Activision Blizzard ( ATVI ).

Developed: NGK Insulators ( KI@N.JP; 5333 JP ), Comsys Holdings ( CHOC.JP; 1721 JP ), Continental ( CONX.DE; CON GR ), Flughafen Zurich ( FHZN.CH; FHZN:SW ), China Resource Beer ( CHRE.HK; 291 HK ), Koninklijke Vopak ( VPK.NL; VPK NA ), Fisher & Paykel ( FPHZ.NZ; FPH NZ ), J Front Retailing ( MZYA.JP; 3086 JP ), Nintendo ( NNDO.JP; 7974 JP ).

Emerging: PTT Global Chemical ( PTTG.TH; PTTGC TB ), LG Household & Healthcare( LHH.KR; 051900 KS ), Amorepacific Group ( PHM.KR; 002790 KS ), Atacadao Distribuicao ( CRF.BR; CRFB3 BZ ),

Global Laggards

Posted on July 22, 2021July 22, 2021 by Cornelio Ash

Highlighted Charts

U.S.: Huntsman (HUN), Trinity Industries (TRN), World Wrestling Entertainment (WWE), Viacom CBS (VIAC), Wolverine World Wide (WWW), Huazhu (HTHT), Clorox (CLX), TPI Composites (TPIC), Old National Bancorp (ONB), Healthcare Services (HCSG), US Food (USFD), Interdigital (IDCC), Take-Two Interactive (TTWO), Copa (CPA).

Global Laggards

Posted on July 15, 2021July 16, 2021 by Cornelio Ash

Attached is the latest Global Laggards report from our analysts. You can also access the report here.

Highlighted Charts

U.S.: L C I Industries ( LCII ), Wolverine World Wide ( WWW ), Utz Brands ( UTZ ), P B F Energy ( PBF ), Globe Life ( GL ), Redfin Corporation ( RDFN ), Guardant Health ( GH ), Inspire Medical ( INSP ), Qiagen ( QGEN ), Sysco ( SYY ), Pure Storage ( PSTG ) , Baidu ( BIDU ), Zillow Group Inc ( Z ), Angi Inc ( ANGI ), Appfolio ( APPF ), Allegiant Travel Company ( ALGT ), Sailpoint Tech Holdings ( SAIL ).

Developed: Hoshizaki ( HSZK.JP; 6465 JP ), Rheinmetall ( RHMX.DE; RHM GR ), Galaxy Entertainment ( PIPE.HK; 27 HK ), Yamazaki Baking ( BV@N.JP; 2212 JP ), Uni Charm ( UNRM.JP; 8113 JP ), Christian Hansen ( CHR.DK; CHR DC ), Standard Chartered ( STAN.GB; STAN LN ), Vifor Pharma ( VIFN.CH; VIFN SW ), SSP Group ( SSPG.GB; SSPG LN ), Easyjet ( EZJ.GB; EZJ LN ).

Emerging: Suzano On ( SUZ.BR; SUZB3 BZ ), Thai Oil ( THOI.TH; TOP TB ), Tmbthanachart Bank ( TMBT.TH; TTB TB ), Abdullah Al Othaim Markets ( AOM.SA; AOTHAIM AB ), Largan Precision ( LPC.TW; 3008 TT ).

Global Laggards

Posted on July 8, 2021July 8, 2021 by Cornelio Ash

Highlighted Charts

U.S.: Buenaventura Mining (BVN), Sociedad Quimica Y Minra (SQM), Cummins Inc (CMI), Gentex Corp (GNTX), Veoneer (VNE), Wolverine World Wide (WWW), Boston Beer Company (SAM), Origin Materials (ORGN), Bancorpsouth Bank (BXS), Western Union (WU), Guardant Health (GH), Inspire Medical (INSP), Casey’s General Stores (CASY), Echostar Corp (SATS), Pure Storage (PSTG), CDK Global Inc (CDK), Baidu (BIDU), Cognizant Tech Sol (CTSH), Jetblue Airways (JBLU), Southwest Airlines (LUV).

Developed: Comsys Holdings (CHOC.JP; 1721 JP), Acs Activ. Constr. Y Serv. (ACS.ES; ACS SM), Faurecia (BERT.FR; EO FP), Teijin (TJ@N.JP; 3401 JP), Zhou Hei Ya (ZHYI.HK; 1458 HK), Wilmar (EZYH.SG; WIL SP), Rubis (RUI.FR; RUI FP), Hansoh Pharma (HANP.HK; 3692 HK), Skylark (LARK.JP; 3197 JP), Xiaomi Corporation (XIAI.HK; 1810 HK), Tencent (TCNT.HK; 700 HK).

Emerging: Lotte Chemical (HPL.KR; 011170 KS), Abdullah Al Othaim Markets (AOM.SA; AOTHAIM AB).

Global Laggards

Posted on July 1, 2021July 1, 2021 by Cornelio Ash

Highlighted Charts

U.S.: Eldorado Gold Corp (EGO), Frontdoor (FTDR), Gentex Corp (GNTX), Grand Canyon Education (LOPE), Bright Horizons Family Solutions (BFAM), Veoneer (VNE), MSG Entertainment (MSGE), UTZ Brands (UTZ), New Fortress Energy (NFE), Global Payments (GPN), Amedisys (AMED), Casey’s General Stores (CASY), Echostar Corp (SATS), Cognizant (CTSH), Anaplan (PLAN), Skywest (SKYW).

Developed: Orica (ORI.AU; ORI AU), Alumina (AWC.AU; AWC AU), Sekisui Chemical (EK@N.JP; 4204 JP), Teijin (TJ@N.JP; 3401 JP), Wilmar International (EZYH.SG; WIL SP), Ping An Insurance (PING.HK; 2318 HK), Fisher & Paykel Healthcare (FPHZ.NZ; FPH NZ), Yaoko (YAOK.JP; 8279 JP), Anritsu (AU@N.JP; 6754 JP), GMO Internet (TERQ.JP; 9449 JP).

Emerging: Gruma (GRM.MX; GRUMAB MM), Abdullah Al Othaim Markets (AOM.SA; AOTHAIM AB), Rumo On (P3M.BR; RAIL3 BZ).

Global Laggards

Posted on June 24, 2021June 24, 2021 by Cornelio Ash

Highlighted Charts

U.S.: Cummins Inc (CMI), Allison Transmission (ALSN), Las Vegas Sands (LVS), Beer Company (SAM), Brookfield Renewable Partners (BEP), Fleetcor Technologies (FLT), Amedisys (AMED), CMC Materials (CCMP), Cognizant (CTSH).

Developed: Nissan Chemical (NH@N.JP; 4021 JP), Mitsubishi Gas Chemical (JS@N.JP; 4182 JP), Securitas B (SUBF.SE; SECUB SS), NSK (NSKC.JP; 6471 JP), Galaxy Entertainment (PIPE.HK; 27 HK), Tokyotokeiba (TYOK.JP; 9672 JP), Christian Hansen (CHR.DK; CHR DC), SBI (SFBI.JP; 8473 JP), Venus Medtech (VEMH.HK; 2500 HK), Nojima (OJIM.JP; 7419 JP), Murata Manufacturing (SM@N.JP; 6981 JP), Air France-Klm (UTA.FR; AF FP).

Emerging: Lotte Chemical (HPL.KR; 011170 KS), Gruma (GRM.MX; GRUMAB MM), Discovery (DSYJ.ZA; DSY SJ), Abdullah Al Othaim (AOM.SA; AOTHAIM AB), Pick N Pay stores (PIKJ.ZA; PIK SJ).

Global Laggards

Posted on June 17, 2021June 17, 2021 by Cornelio Ash

Highlighted Charts

U.S.: Newmarket (NEU), Harmony Gold Mining Adr (HMY), Kennametal Inc (KMT), Gentex (GNTX), MSG Sport (MSGS), Brown Forman (BFB), Fiserv (FISV), Amedisys (AMED), CMC Materials (CCMP), Paylocity (PCTY), Air Transport Services Group (ATSG).

Developed: Incitec Pivot (IPL.AU; IPL AU), Mitsubishi Materials (LM@N.JP; 5711 JP), Galaxy Entertainment Group (PIPE.HK; 27 HK), Flight Centre Travel (FLT.AU; FLT AU), Kao (KA@N.JP; 4452 JP), Wilmar International (EZYH.SG; WIL SP), SBM Offshore (SBMO.NL; SBMO NA), Baloise Holding (BALN.CH; BALN SW), Hansoh Pharma (HANP.HK; 3692 HK), Fast Retailing (RETA.JP; 9983 JP), TDK Corp. (TD@N.JP; 6762 JP), China Telecom (CTC.HK; 728 HK), Square Enix (ENIX.JP; 9684 JP).

Emerging: Suzano (SUZ.BR; SUZB3 BZ), Ace Hardware Indonesia (ACE.ID; ACES IJ).

Global Laggards

Posted on June 10, 2021June 10, 2021 by Cornelio Ash

Highlighted Charts

U.S.: Anglogold Ashanti (AU), Trinet Group (TNET), Grand Canyon Education (LOPE), VF Corp (VFC), Brown Forman (BFB), Canadian Solar (CSIQ), Brookfield Renewable ClA (BEPC), Cannae Holdings (CNNE), 1Life Healthcare (ONEM), I P G Photonics Corp (IPGP), Avalara (AVLR).

Developed: Svenska Cellulosa Aktiebolaget Sca (SW@G.SE; SCAB SS), IWG (IWG.GB; IWG LN), Wynn Macau (WYNN.HK; 1128 HK), Ping An Insurance ‘H’ (PING.HK; 2318 HK), Hansoh Pharma (HANP.HK; 3692 HK), Fast Retailing (RETA.JP; 9983 JP), STMicroelectronics (STM.IT; STM IM), Softbank Group (SFTB.JP; 9984 JP), Square Enix (ENIX.JP; 9684 JP).

Emerging: Gruma (GRM.MX; GRUMAB MM), Almeera Consumer Goods (MER.QA; MERS QD), Advantech (ADV.TW; 2395 TT).

Global Laggards

Posted on June 3, 2021June 4, 2021 by Cornelio Ash

Highlighted Charts

U.S.: E S C O Technologies Inc ( ESE ), Erie Indemnity ( ERIE ), Cannae Holdings ( CNNE ), LHC Group ( LHCG ), CMC Materials ( CCMP ), Alarm Technologies ( ALRM ), Zillow Group Inc ( Z ).

Developed: Stora Enso R ( EGR.FI; STERV FH ), Hochtief ( Xet ) ( HOTX.DE; HOT GR ), Uni Charm ( UNRM.JP; 8113 JP ), Hansoh Pharma ( HANP.HK; 3692 HK ), Ryohin Keikaku ( YOHN.JP; 7453 JP ), TDK Corp. ( TD@N.JP; 6762 JP ), Nice ( NICE.IL; NICE IT ), Quebecor ( QBR/B.CA; QBR/B CN ).

Emerging: Klabin Units ( KLU.BR; KLBN11 BZ ), Com2us ( CUS.KR; 078340 KS ), Gruma ( GRM.MX; GRUMAB MM ), X5 Retail Group ( FIV.RU; FIVE RM ), Advantech ( ADV.TW; 2395 TT ).