Industrials Conference

Key points from this report:

  • The following select ideas are showing near term relative strength while displaying good O’Neil Fundamental ratings and rankings: RHMX.DE, HWM, SNA, RBC, AZZ, PBI, REVG, BBSI
  • The following select ideas are showing near term technical weakness with poor O’Neil Ratings and Rankings: BA, PH, CARR, ROK, ALLE, ITT, MTZ, AIT, RKLB, TKR, VNT, THO, ENS, PRIM, NSP, OSIS, ALRM, PATK, LCII, ATKR, POWL, SXI, CDRE, NVEE, ARLO, BLBD, THR, ERII, LMB, CECO, AIOT, AMSC, RDW, LUNR, HY

WON Global View

The U.S. market is in a Confirmed Uptrend. The S&P 500 is now touching resistance at its 200-DMA, while the Nasdaq is trading 60bps below that level. Six of 11 O’Neil sectors are now trading above their respective 200-DMA, with Capital Equipment, Technology, and Transportation regaining that level yesterday. Breakouts continue to increase, and leading ideas remain healthy. We maintain our positive view on the general market.

WON Global View

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq are consolidating constructively below resistance along their respective 200-DMA. Distribution stands at two days on the S&P 500 and one on the Nasdaq. Five sectors have rallied more than 10% since the January 4 follow-through day with all 11 trading above their respective 50-DMA. Leadership continues to act well with multiple breakouts occurring each week. To remain constructive, we would like to see the major averages avoid a clustering of distribution and for leadership to continue to broaden. We maintain our positive view on the general market.

WON Global View

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq cleared above resistance at January 18 highs. The next major level of resistance is the 200-DMA (S&P 500: 2,741 (+2.2%); Nasdaq: 7,452 (+3.6%)). Distribution remains at just one day on the S&P 500 and zero on the Nasdaq.

IPO Rewind

This report identifies a select group of IPOs or spin-offs that have priced in the last two years, giving them time to digest any initial volatility and release a few quarters of earnings. Our selected ideas display positive fundamental trends with strong top- and bottom-line consensus estimates, and IPO Rewind provides an efficient way to review these ideas that we believe warrant attention.

Stocks highlighted in this report: Adyen (ADYE.NL), Alteryx Inc (

), Docusign Inc (

), Livent Corporation (

), Twilio Inc (

), Yeti Holdings (

), Zscaler Inc (

).

WON Global View

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq gapped down at the open yesterday, but both closed at session highs and avoided distribution. The major averages are constructively consolidating sharp gains over the past month, holding their 50-DMA support in the process with little-to-no distribution.

WON Global View

The U.S. market is in a Confirmed Uptrend. The S&P 500 and Nasdaq held support along their respective 50-DMA last week before pushing higher Friday. Both indices are now testing resistance at January 18 intraday highs (S&P 500: 2,675; Nasdaq: 7,185) before a potential move to the 200-DMA. Overall action remains constructive, with just one distribution day on the S&P 500 and zero on the Nasdaq.