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.: Cubic Corp ( CUB ), Colgate Palmolive ( CL ), Parsley Energy Inc ( PE ), Interactive Brokers ( IBKR ), Glaukos Corporation ( GKOS ), Kar Auction Services ( KAR ), Ciena ( CIEN ), Liberty Global ( LBTYA ), Hubspot ( HUBS ).

 

Developed: Incitec Pivot ( IPL.AU; IPL AU ), China Tower Corp ( CHTW.HK; 788 HK ), Unilever ( ULVR.GB; ULVR LN ), CK Asset Holdings ( CKPH.HK; 1113 HK ), Evotec ( EVTX.DE; EVT GR ), Telefonica ( TEF.ES; TEF SM ), Link Administration ( LNK.AU; LNK AU ).

 

Emerging: Kt & G ( KTB.KR; 033780 KS ), S-Oil ( SSO.KR; 010950 KS ), Industrial Bank of Korea ( IBK.KR; 024110 KS ), Atacadao Distribuicao ( CRF.BR; CRFB3 BZ ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Sealed Air ( SEE ), News Corporation ( NWSA ), JM Smucker ( SJM ), U G I ( UGI ), Empire State Rlt Tr ( ESRT ), Neogen ( NEOG ), Kar Auction Services ( KAR ), Ciena ( CIEN ), 8X8 ( EGHT ).

 

Developed: Yara International ( YARA.NO; YAR NO ), Kajima ( KC@N.JP; 1812 JP ), Persol Holdings ( TMHD.JP; 2181 JP ), Continental AG ( CONX.DE; CON GR ), Meji ( MEJH.JP; 2269 JP ), Dcc ( DCC.GB; DCC LN ), Hang Lung Properties ( AMOY.HK; 101 HK ), Evotec ( EVTX.DE; EVT GR ), Canon ( CN@N.JP; 7751 JP ).

 

Emerging: Siam Cement ( SCQT.TH; SCC TB ), ITC ( IT.IN; ITC IN ).

ServiceNow Inc

Posted on by Cornelio Ash

Key points:

 

  • The stock is up 3% and forming the right side of a 19-week consolidation on above average volume. Buy.
  • Fundamental ratings: EPS Rank of 98, Composite Rating of 97, SMR Rating of A.
  • Technical ratings: RS line flat, RS Rating of 87, and A/D Rating of B-.

Global Laggards

Posted on by Cornelio Ash

 

 

Highlighted Charts

 

U.S.: Robert Half ( RHI ), Church & Dwight ( CHD ), UGI Corporation Holdings ( UGI ), Axis Capital ( AXS ), Cantel Medical Corp ( CMD ), Children’s Place ( PLCE ), Juniper Networks ( JNPR ), Liberty Global ( LBTYK ), CH Robinson Worldwide ( CHRW ).

 

Developed: Evolution Mining ( EVN.AU; EVN AU ), Sumitomo Heavy Industries ( OZ@N.JP; 6302 JP ), Goldwin ( GLDW.JP; 8111 JP ), Tryg ( TRY.DK; TRY DC ), Peptidream ( PETI.JP; 4587 JP ), SES Fdr ( SESG.FR; SESG FP ), Dena ( DENA.JP; 2432 JP ), MTR Corporation Limited ( MTRC.HK; 66 HK ).

 

Emerging: Siam Cement ( SCQT.TH; SCC TB ), Sk Innovation ( SBG.KR; 096770 KS ), Remgro ( REMJ.ZA; REM SJ ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Pretium Resources Inc ( PVG ), Dorman Products ( DORM ), Live Nation Entertainment ( LYV ), Chart Industries Inc ( GTLS ), Selective Ins Group ( SIGI ), Waters Corp ( WAT ), Wingstop ( WING ), Mercadolibre ( MELI ), Corning ( GLW ), Verisign Inc ( VRSN ).

 

Developed: Heineken ( HB.NL; HEIA NA ), Dexus Stapled ( DXS.AU; DXS AU ), Evotec ( EVTX.DE; EVT GR ), Computershare ( CPU.AU; CPU AU ).

 

Emerging: Hyundai Motor ( HDR.KR; 005380 KS ), Ambev On ( AVS.BR; ABEV3 BZ ), Sk Innovation ( SBG.KR; 096770 KS ), KB Financial Group ( KHB.KR; 105560 KS ),

Xero

Posted on by Cornelio Ash

Key points:

 

  • Excellent H1 FY20 print. Xero reported operating revenue of NZD 338.7M ( +32% y/y , including subscription revenue of NZD 327.9M ( +32% y/y ). Operating revenue in Australia grew by 25%, led by the country’s Single Touch Payroll initiative. Annualized monthly recurring revenue increased 30% y/y to NZD 764M.
  • The stock gapped up 9% from a flat base consolidation after reporting better-than-expected H1 FY20 results.
  • Fundamental ratings: EPS Rank 84, Composite Rating 91, SMR Rating B.
  • Technical ratings: The stock is under accumulation with an RS line at highs, RS Rating of 82, and A/D Rating of C+.

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Axon Enterprise ( AAXN ), Korn Ferry ( KFY ), Dorman Products ( DORM ), Ambev ( ABEV ), Loews ( L ), Livanova ( LIVN ), Childrens Place ( PLCE ), Ciena ( CIEN ).

 

Developed: Amcor ( AMC.AU; 1723503D AU ), Persol ( TMHD.JP; 2181 JP ), Pirelli ( PIRL.IT; PIRC IM ), Anheuser-busch ( ABI.BE; ABI BB ), China Pacific Insurance ( CHPX.HK; 2601 HK ), Ambu ( AMB.DK; AMBUB DC ), Seiko Epson ( SEEP.JP; 6724 JP ).

 

Emerging: Thai Oil ( THOI.TH; TOP TB ), KB Financial Group ( KHB.KR; 105560 KS ), Phison Elctronics ( PHE.TW; 8299 TT ).

Microsoft

Posted on by Cornelio Ash

Key points:

 

  • The stock is breaking out of a base-on-base pattern, turning actionable.
  • Fundamental ratings: EPS Rank 96, top SMR Rating of A, highest Composite Rating of 99.
  • Technical ratings: RS line at new highs, RS Rating 93, A/D Rating B+.

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Sanderson Farms ( SAFM ), Firstcash ( FCFS ), Caredx ( CDNA ), Darden Restaurants ( DRI ), Dell ( DELL ), Mimecast (

), Vonage Holdings (

).

 

Developed: Ccl ( CCL/B.CA; CCL/B CN ), Persol Holdings ( TMHD.JP; 2181 JP ), Pirelli ( PIRL.IT; PIRC  IM ), Remi Cointreau ( RCO.FR; RCO FP ), Imperial Oil ( IMO.CA; IMO CN ), Link REIT ( LREI.HK; 823 HK ), Evotec ( EVTX.DE; EVT GR ), The Swatch Group ( UHR.CH; UHR SW ), Venture ( VEMA.SG; VMS SP ), Persol Holdings ( TMHD.JP; 2181 JP  ), SG Holdings ( SGHS.JP; 9143 JP ).

 

Emerging: Atacadao Distribuicao ( CRF.BR; CRFB3 BZ ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Korn Ferry ( KFY ), Graham Holdings ( GHC ), ROKU ( ROKU ), JM Smucker ( SJM ), Canadian Solar ( CSIQ ), Interactive Brokers ( IBKR ), Caredx ( CDNA ), Wayfair ( W ), Ciena ( CIEN ).

Developed: Mineral Resources ( MIN.AU; MIN AU ), Spirax-Sarco Engineering ( SPX.GB; SPX LN ), Informa ( INF.GB; INF LN ), Reckitt Benckiser ( RB.GB; RB LN ), Hiscox ( HSX.GB; HSX LN ), GN Store Nord ( GSN.DK; GN DC ), DENA ( DENA.JP; 2432 JP ).

Emerging: Uni-President ( PRE.TW; 1216 TT ), Central Pattana ( CPN.TH; CPN TB ), Phison Electronics ( PHE.TW; 8299 TT ).