Author: Cornelio Ash

Cornelio Ash is a senior equity analyst and member of the U.S. Focus List and the Global Focus List Committees, which approves all equity recommendations for developed, emerging, and frontier markets. He is also a lead for the Technology sector and specializes in the Americas region. Cornelio joined the firm in 2005 and received his B.A. in Finance from California State University, Northridge. He holds a Series 65 securities license.

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Vale SA Adr (VALE), OSI Systems (OSIS), Adtalem Global Education (ATGE), Madison Square Garden Company (MSG), Loews (L), Inspire Medical (INSP), Advance Auto Parts (AAP), Juniper (JNPR), Manpowergroup (MAN), Southwest Airlines (LUV).

 

Developed: Shandong Gold Mining ‘H’ (SHGM.HK; 1787 HK), SIG Combibloc (SIGN.CH; SIGN SW), Vivendi (EX@F.FR; VIV FP), Teijin (TJ@N.JP; 3401 JP), China Overseas Land Investment (COLI.HK; 688 HK), Ansell (ANN.AU; ANN:AU), Pandora (PND.DK, PNDORA DC), Wolters Kluwer (WSG.NL; WKL NA), Mtr (MTRC.HK; 66 HK).

 

Emerging: Voltas (VLT.IN; VOLT IN), Fomento Economico Mexicano (FMU.MX; FEMSAUBD MM).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Huntsman Corp ( HUN ), Timken ( TKR ), Gray Television ( GTN ), Whirlpool ( WHR ), SVB Financial Group ( SIVB ), Elanco ( ELAN ), Cheesecake Factory ( CAKE ), Echostar ( SATS ), CDK Global ( CDK ), Ryanair ( RYAAY ).

 

Developed: Sumitomo Chemical ( SC@N.JP; 4005 JP ), Skf ( SKFB.SE; SKFB SS ), Ihi ( IH@N.JP; 7013 JP ), Suzuki Motor ( IX@N.JP; 7269: JP ), Sydney Airport Stapled ( SYD.AU; SYD AU ), Suncor Energy ( SU.CA; SU CN ), Erste Group Bank ( ERS.AT; ERS.AT ), H Lundbeck ( LUN.DK; LUN:DC ), Skylark ( LARK.JP; 3197 JP ), Trelleborg ( TT@G.SE; TRELB SS ), Cancom ( COKX.DE; COK GR ).

 

Emerging: PVR ( PV.IN; PVRL: IN ), Fomento Economico Mexicano ( FMU.MX;FEMSAUBD MF ), Shin Kong Financial ( SHK.TW; 2888 TW ).

Global Technology Sector— Software

Posted on by Cornelio Ash

Key points:

 

  • The Software ETF ( IGV ) is pulling back after a strong start to 2020. Support is at the 50-DMA ($246) followed by price support at the top of the prior base ($230), which is likely to  coincide with the rising 200-DMA.
  • 70% of IGV constituents have reported Q4 FY19 results, showing median revenue and EPS growth of 18% and 13%, respectively. However, profitability continues to decelerate as the IGV remains in an earnings trough.
  • Consensus expectations suggest Q1 FY20 will mark the bottom of the software earnings trough as profitability re-accelerates in the back half of 2020.
  • 2020 top picks include Salesforce.com ( CRM ) and ServiceNow ( NOW ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: CF Industries Holdings ( CF ), Kennametal ( KMT ), Sina Corporation ( SINA ), J&J Snacks Food Group ( JJSF ), Hollyfrontier Corp ( HFC ), Synchrony Financial ( SYF ), Cardiovascular Systems ( CSII ), Pricesmart ( PSMT ), Wesco ( WCC ), Liveperson Inc ( LPSN ).

 

Developed: Asahi Kasei ( AC@N.JP; 3407 JP ), Ebara ( EB@N.JP; 6361 JP ), Taisei ( TC@N.JP; 1801 JP ), ISS ( ISS.DK; ISS DC ), Bandai Namco Holding ( N@MB.JP; 7832: JP ),  Richemont ( CFR.CH; CFR SW ), Citik ( CITP.HK; 267 HK ), Asahi Intecc ( AS@H.JP; 7747:JP ), Skylark ( LARK.JP; 3197 JP ), East Japan Railway ( EAJR.JP; 9020 JP ).

 

Emerging: Cimb Group Holdings ( COMS.MY; CIMB MK ), Guc ( GLO.TW; 3443 TT ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Steel Dynamics ( STLD ), Diageo ( DEO ), Affiliated Managers ( AMG ), Livanova ( LIVN ), Juniper ( JNPR ), Cree ( CREE ), Universal Display ( OLED ), AllScripts Healthcare ( MDRX ), Weibo ( WB ).

 

Developed: Asahi Kasei ( AC@N.JP; 3407 JP ), Amada Holdings ( AM@N.JP; 6113 JP ), Ngk Spark Plug ( KS@N.JP; 5334 JP ), Richemont ( CFR.CH; CFR SW ), Imperial Oil ( IMO.CA; IMO CN ), Bankinter ( BKT.ES; BKT SM ), Alfresa ( ALCH.JP; 2784 JP ), ICA Gruppen ( ICA.SE; ICA SS ), Konami Holdings ( KONA.JP; 9766 JP ), SG Holdings ( SGHS.JP; 9143 JP ), SEB ( SEB.FR; SK: FP ).

 

Emerging: Jbs ( JBS.BR; JBSS3 BZ ), KB Financial ( KHB.KR; 105560 KS ).

ServiceNow Inc

Posted on by Cornelio Ash
  • Buyable Gap Up: The stock is up 7% on better-than-expected Q4 FY19 results. We advise investors to add to existing positions as the stock has emerged from a 25-week consolidation. Strong buy.
  • Fundamental ratings: EPS Rank of 97, Composite Rating of 99, SMR Rating of A.
  • Technical ratings: RS line turning upward, RS Rating of 91, and A/D Rating of B+.