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.: Robert Half International ( RHI ), Borg Warner Inc ( BWA ), U G I Corp ( UGI ), Credicorp ( BAP ), Innovative Industrial Properties ( IIPR ), Waters Corp ( WAT ), Best Buy ( BBY ), Tiffany & Co. ( TIF ), Xerox ( XRX ), Varonis Systems ( VRNS ).

 

Developed: Mineral Resources ( MIN.AU; MIN AU ), Ccl ( CCL/B.CA; CCL/B CN ), Persol Holdings ( TMHD.JP; 2181 JP ), Continental AG ( CONX.DE; CON GR ), China Pacific Insurance ( CHPX.HK; 2601 HK ), Evotec ( EVTX.DE; EVT GR ), Canon ( CN@N.JP; 7751 JP ), SG Holdings ( SGHS.JP; 9143 JP ).

 

Emerging: Lg Chemical Ltd ( LCM.KR; 051910 KS ), Siam Cement ( SCQT.TH; SCC TB ), Phison Electronics ( PHE.TW; 8299 TT ).

Global Technology Sector-Software

Posted on by Cornelio Ash

Some highlights from this report:

  • The Software ETF ( IGV ) has been under pressure for almost three months and is currently testing support at its 200-DMA. Many former software leaders are more than 25% off highs.
  • In the short term, we are more selective on software due to weak Q3 FY19 expectations. IGV constituents are expecting median Q3 revenue and EPS growth of 15% and 0%, respectively. This could potentially be the weakest earnings growth quarter in more than three years.
  • However, over the long term, we remain bullish on software as secular drivers ( cloud adoption, AI ) remain intact. Gartner estimates global spending on software will remain strong over the next several years primarily due to AI.
  • We advise focusing on stocks with strong earnings visibility into FY20.

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

 

U.S.: Grace WR ( GRA ), CNH Industrial ( CNHI ), Robert Half  ( RHI ), Korn Ferry ( KFY ), Vonage Holdings ( VG ), Sabre Corporation ( SABR ), Comerica ( CMA ), LHC Group ( LHCG ), Groupon ( GRPN ), Texas Roadhouse ( TXRH ), Viasat ( VSAT ), Ciena Corporation ( CIEN ), Corning ( GLW ).

 

Developed: Johnson Matthey ( JMAT.GB; JMAT LN ), Sumitomo Heavy Industries ( OZ@N.JP; 6302 JP ), Kubota ( KU@N.JP; 6326 JP ), Continental AG ( CONX.DE; CON GR ), A2 Milk Company ( A2M.AU;A2M ASE ), Subsea 7 ( SUBC.NO; SUBC NO ), Royal Bank of Scotland ( RBS.GB; RBS LN ), Evotec ( EVTX.DE; EVT GR ), Kingfisher ( KGF.GB; KGF LN ), Infineon ( IFXX.DE; IFX GR ), Nippon Express ( NX@N.JP; 9062 JP ).

 

Emerging: Lg Chemical Ltd ( LCM.KR; 051910 KS ), Uni-President Ents. ( PRE.TW; 1216 TT ), Bank Rakyat Indonesia ( BRI.ID; BBRI IJ ), Hon Hai ( HON.TW; 2317 TT ).

Global Laggards

Posted on 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.: Dana ( DAN ), Uber ( UBER ), Seaworld Entertainment ( SEAS ), Franklin Resource ( BEN ), Humana ( HUM ), Tractor Supply ( TSCO ), Trimble ( TRMB ), MongoDB ( MDB ), Instructure Inc ( INST ), Tesla ( TSLA ), Yelp ( YELP ).

 

Developed: Zijin mining ( FZM.HK; 2899 HK ), CCL Industries ( CCL/B.CA; CCL/B CN ), Swedish Match ( SWMA.SE; SWMA SS ), Evotec ( EVTX.DE; EVT GR ), Carrefour ( CRFR.FR; CA FP ), Infineon ( IFXX.DE; IFX GR ), MTR ( MTRC.HK; 66 HK )

 

Emerging: LG Chemical (LCM.KR; 051910 KS), Delta Electronics (DEL.TW; 2308 TT), True (TSIA.TH; TRUE TB), Kasikornbank (TFBT.TH; KBANK TB).

Global Laggards

Posted on 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.: Buenaventura ( BVN ), Adtalem Global Education ( ATGE ), Netflix ( NFLX ), Planet Fitness ( PLNT ), Redfin Corporation ( RDFN ), Ensign Group ( ENSG ), Trimble ( TRMB ), Twilio ( TWLO ), Verint Systems ( VRNT ).

 

Developed: Cleanaway Waste Management ( CWY.AU; CWY AU ), Nidec ( NDEN.JP; 6594 JP ), Iss ( ISS.DK; ISS DC ), Saputo ( SAP.CA; SAP CN ), Dexus Stapled ( DXS.AU; DXS AU ), Evotec ( EVTX.DE; EVT:GR ), Lenovo ( LEGE.HK; 992 HK ).

 

Emerging: Lg Chemicals ( LCM.KR; O51910 KS ), Havell’s India ( HVI.IN; HAVL IN ), Woongjin Coway ( WJC.KR; WOONZ KS ), Indusind Bank ( IBK.IN; IIB IN ), Sk Telecom ( SKT.KR; 017670 KS ).

Global Laggards

Posted on 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.

 

U.S.: Gardner Denver Holdings (

), Adtalem Global Education (

), Home Bancshares (

), Tenet Healthcare (

), Sally Beauty Holdings (

), Children’s Place Inc (

), Cognex (

), Citrix Systems (

), Kirby Corporation (

).

 

Developed: K&S AG (SDFX.DE; SDF GR), Nidec (NDEN.JP; 6594 JP), Publicis Groupe (PUB.FR; PUB FP), Genting Singapore (GINT.SG; GENT SP), Great West Lifeco (GWO.CA; GWO CN), UCB (UCB.BE; UCB BB), Venture (VEMA.SG; VMS SP), Computershare (CPU.AU; CPU AU).

 

Emerging: Gerdau Pn (GGB.BR; GGBR4 BZ), Ptt Public Company Ltd (PTTB.TH; PTT TB), Siam Commercial Bank (SBBT.TH; SCB TB).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Darling Ingredients (

), Gardner Denver Holdings ( GDI ), J M Smucker ( SJM ), A F L A C ( AFL ), Waters ( WAT ), Sprouts Farmers Market ( SFM ), Advanced Energy ( AEIS ), Skyworks ( SWKS ), Sealed Air Corp ( SEE ), Teladoc Health Inc ( TDOC ), Bilibili ( BIL ).

 

Developed: Nissan Chemicals ( NH@N.JP; 4021 JP ), Keppel ( KEPP.SG; KEP SP ), Okuma ( OUMA.JP; 6103 JP ), Dai Nippon Printing ( DP@N.JP; 7912 JP ), A2 Milk ( A2M.AU; A2M ASE ), Caltex Australia ( CTX.AU; CTX AU ), The Bank of Nova Scotia ( BNS.CA; BNS CN ), Alfresa ( ALCH.JP; 2784 JP ), Suzuken ( SKEN.JP; 9987 JP ), Ricoh ( RH@N.JP; 7752 JP ), China Telecom ‘H’ ( CTC.HK; 728 HK ), Nippon Yusen ( NY@N.JP; 9101 JP ).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Quaker Chemicals (

), Oshkosh (

), Sonoco Products (

), Madison Square Garden (

), Umpqua (

), BioTelemetry (

), Sprouts Farmer Market (

), Advanced Energy (

), Dish Network Corp (

).

 

Developed: Hakko (KH@N.JP; 4151 JP), Seven & I Holdings (SEVI.JP; 3382 JP), Tesco (TSCO.GB; TSCO LN), Hexagon B (EKBF.SE; HEXAB SS), Konami (KONA.JP; 9766 JP), Nippon Express (NX@N.JP; 9062 JP).

 

Emerging: Petkim Petrokimya Holdings (PET.TR; PETKM TI), Siam Cement (SCQT.TH; SCC TB), Gpo Finance Banorte (GTB.MX; GFNORTEO MM).