TOSO.JP – Page 2 – WILLIAM O'NEIL+CO

Global Laggards

Posted on September 27, 2018February 1, 2019 by Heetae Kim

Highlighted Charts

U.S.: Pan American Silver Group ( PAAS ), Brinks ( BCO ), Cooper-Standard Holdings ( CPS ), Meritage Homes Corp ( MTH ), Hertz Global Holdings ( HTZ ), EQT Corporation ( EQT ), Bankunited ( BKU ), Umpqua Holdings ( UMPQ ), Perrigo ( PRGO ), Buckle ( BKE ), Group I Automotive ( GPI ), Microchip Tech ( MCHP ), Instructure Inc ( INST )

Developed: Henkel AG & CO ( HEN3X.DE; HEN3 GR ), Relx ( REL.GB; REL LN ), Intertek Group ( ITRK.GB; ITRK LN ), Telecom Italia ( TITR.IT; TITR IM ), AB InBev ( ABI.BE; ABI BB ), IG Group Holdings ( IGG.GB; IGG LN ), Country Garden Holdings ( COGA.HK; 2007 HK ), Grifols ( PROB.ES; GRF SM ), Kesko ( KESK.FI; KESKOB FH ), ST Micro Electronics ( STM.IT; STM MI ), Ryanair Holdings PLC ( RYA.GB;RYA LN )

Emerging: Cemex Cpo ( CMC.MX; CEMEXCPO MM ), Embraer On ( EA3.BR; EMBR3 BZ ), Turkcell Iletisim ( TKC.TR; TCELL TI ), Bidvest Group ( BVTJ.ZA, BVT SJ ), Lojas Americanas ( LM4.BR; LAME4 BZ ), SK Hynix ( HYI.KR; 000660 KS )

Stocks worth focusing on in this week’s Global Laggards:

U.S.

Meritage Homes ( MTH ) – Cyclical ( $1.6B market cap ) – Builds and sells single-family homes across the Western, Southern, and Southeastern regions of the United States. Meritage is the seventh largest U.S. homebuilder based on homes closed last year.

MTH shares fell to a new 12-month low on Thursday, September 27 on concerns around home affordability after the Federal Reserve discussed plans for several interest rate increases over the next 15 months.

On Thursday, September 20, the National Association of Realtors released a report indicating flat growth in existing home sales for the month of August, which was below consensus expectations. Additionally, home inventories were at the highest level in three years.

Looking forward, higher inventories and declining affordability are likely to weigh on new home sales in 2019.

MTH trades at peer group average multiples despite the company’s inferior margin profile and lower projected growth across sales, EPS, and EBITDA for 2019 and 2020.

RS line is hitting seven-year lows, along with a RS Rating of 24 and A/D Rating of D-.

The Homebuilders group is ranked 196 out of the 197 O’Neil industry groups, with many constituents under technical pressure.

Global Laggards

Posted on September 20, 2018February 1, 2019 by Heetae Kim

Highlighted Charts:

U.S.: Olin Corporation ( OLN ), Commercial Metals Co ( CMC ), Omnicom Group ( OMC ), Thor Industries ( THO ), Plantronics ( PLT ), Nabors Industries Ltd ( NBR ), Ameris Bancorp ( ABCB ), AbbVie ( ABBV ), Cracker Barrel Old Country Store ( CBRL ), Chico’s Fas ( CHS ), MercadoLibre ( MELI ), Silicon Laboratories ( SLAB ), Proofpoint ( PFPT )

Developed: Lafargeholcim ( LHN.CH; LHN SW ), Fanuc ( DU@N.JP; 6954 JP ), Hitachi Construction Machinery ( HTMC.JP; 6305 JP ), Sumitomo Rubber Industries ( SURI.JP; 5110 JP ), Heineken ( HB.NL; HEIA NA ), Omv ( OMV.AT; OMV AV ), Dbs Group Holdings ( DBSS.SG; DBS SP ), Inditex ( IND.ES; ITX SM ), Kesko ( KESK.FI, KESKOB FH ), Brother Industries ( BI@N.JP; 6448 JP ), Digital Garage ( DIGR.JP; 4819 JP ), Singapore Airlines ( SAIR.SG; SIA SP )

Emerging: Tim Participacoes ( TCS.BR; TIMP3 BZ ), Tiger Brands ( TBSJ.ZA; TBS SJ ), Standard Bank Group ( SBKJ.ZA; SBK SJ ), Saci Falbella ( FAL.CL; FALAB CI ), LG Display ( LGL.KR; 034220 KS ), Hyundai Glovis ( GLV.KR; 086280 KS )

Global Laggards

Posted on August 16, 2018February 1, 2019 by Heetae Kim

Attached is the latest Global Laggards report from our analysts.

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.: Axalta Coating Systems (

), Mastec (

), Caterpillar ( CAT ), Goodyear Tire & Rubber ( GT ), Hain Celestial Group ( HAIN ), Core Laboratories ( CLB ), Umpqua Holdings Corp ( UMPQ ), Tivity Health ( TVTY ), Cars.com ( CARS ), JD.com ( JD ), Infinera ( INFN ), Zynga Inc ( ZNGA ), Jetblue Airways ( JBLU ).

Developed: South32 (S32.AU; S32 AU), Nidec ( NDEN.JP; 6594 JP ), Horiba ( HORI.JP; 6856 JP ), Nissan Motor ( NR@N.JP, 7201 JP ), Ontex Group ( ONTE.BE; ONTEX BB ), Pjsc Gazprom ( OGZD.GB; OGZD LI ), Unicredit ( UCG.IT; UCG IM ), Otsuka Holdings ( OTHD.JP; 4578 JP ), Metcash ( MTS.AU; MTS AU ), Siltronic ( WAFX.DE; WAF GR ), Adecco ( ADEN.CH; ADEN SW ), Royal Mail ( RMG.GB; RMG LN ).

Emerging: Posco ( PIS.KR; 005490 KS ), Hero Motocorp ( HER.IN; HMCL IN ), LG Household & Healthcare ( LHH.KR; 051900 KS ), Bradespar Pn ( R4P.BR; BRAP BZ ), Lojas Americanas ( LM4.BR; LAME4 BZ ), Quanta computer ( QUM.TW; 2382 TT ), Korean Air Lines ( KAA.KR; 003490 KS ).