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.: Cameco Corp  ( CCJ ), Molson Coors Brewing ( TAP ), Apergy ( APY ), Bank of New York Mellon ( BK ), Quidel Corp ( QDEL ), Walgreens Boots Alliance ( WBA ), Sally Beauty Holdings ( SBH ), Juniper Networks ( JNPR ), Hewlett Packard Enterprise ( HPE ), Bilibili Inc ( BILI ).

Developed: Mineral Resources ( MIN.AU; MIN AU ), Iss ( ISS.DK; ISS DC ), Subaru ( FJ@N.JP; 7270 JP ), Crown Resorts ( CWN.AU; CWN AU ), Oil Search ( OSH.AU; OSH AU ), Sumitomo Mitsui Financial Group ( SMFI.JP; 8316 JP ), Fresenius Medical Care ( FMEX.DE; FME GR ), Seven & I ( SEVI.JP; 3382 JP ), Brother Industries ( BI@N.JP; 6448 JP ), Deutsche Post ( DPWX.DE; DPW GR ).

Emerging: Ultrapar Participoes ( U3G.BR; UGPA3 BZ ), Cathay Financial Holdings ( CFC.TW; 2882 TT ).

 

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Louisiana Pacific ( LPX ), Treehouse Foods ( THS ), Apergy ( APY ), Banco Santander ( BSAC ), Patterson Companies ( PDCO ), Walgreens Boots Alliance ( WBA ), Silicon Motion Technology ( SIMO ), TIM Participacoes ( TSU ), Microstrategy ( MSTR ), Fedex ( FDX ).

Developed: Brenntag ( BNRX.DE; BNR GR ), Keppel ( KEPP.SG; KEP SP ), Iss ( ISS.DK; ISS DC ), Tabcorp Holdings ( TAH.AU, TAH AU ), Oil Search ( OSH.AU; OSH AU ), Bbv Argentina ( BBVA.ES; BBVA SM ), Ipsen ( IPN.FR; IPN FP ), Morrison ( MRW.GB; MRW LN ), Seven & I ( SEVI.JP; 3382 JP ), Shimadzu ( ZU@N.JP; 7701 JP ).

Emerging: Fubon Financial ( FUB.TW; 2881 TT ), Naver ( NHN.KR; 035420 KS ).

U.S. Market Update + Watch List Ideas

Posted on by Cornelio Ash

Key points:

The U.S. market is in a Downtrend. We are now two days off the most recent low, looking for a follow-through day as early as Friday, June 7.

Scenario analysis:

Shallow correction of 8–10%. First follow-through day works. Undercut the 200-DMA before finding a bottom. Historical examples: 6/2012, 12/2012.

Deeper correction of 10% or more. First follow-through day fails, second follow-through day works. Historical examples: 10/15/98, 1/4/19.

Bear market. First and second follow-through days fail. Historical examples: 2007 top, 1982 top.

Watch list ideas: DOCU, GH, GSHD, INSP, PODD, TTEK

Early-stage bases.

Strong RS lines as market corrects.

Strong/steady revenue growth.

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

U.S.: Buenaventura ( BVN ), Rockwell Automation ( ROK ), Whirlpool Corp ( WHR ), Peabody Energy Corp. ( BTU ), Unum Group ( UNM ), HCA Healthcare Inc ( HCA ), Walgreens Boots Alliance ( WBA ), Sally Beauty Holdings ( SBH ), Cirrus Logic ( CRUS ), Amphenol Corp ( APH ), Bottomline Technologies ( EPAY ), Bilibili Inc ( BILI ).

Developed: Brenntag ( BNRX.DE; BNR GR ), Sojitz ( NIIW.JP; 2768 JP ), Iss ( ISS.DK; ISS DC ), Peugeot ( PGT.FR; UG FP ), Yamaha Corp ( IN@N.JP; 7951 JP ), Oil Search ( OSH.AU; OSH AU ), Tokyo Tatemono ( JQ@N.JP; 8804 JP ), Alfresa Holdings ( ALCH.JP; 2784 JP ), Koninklijke Ahlod ( AD.NL; AD NA ), Morrison ( MRW.GB; MRW LN ), Seiko Epson ( SEEP.JP;6724 JP ), Deutsche Post ( DPWX.DE; DPW GR ).

Emerging: Lg Chem Ltd ( LCM.KR; 051910 KS ), Ase Technology ( AIH.TW; 3711 TW ).

May 30, 2019 – Market Condition Outlook and Watch List Ideas

Posted on by Cornelio Ash

With the market downgraded to a Downtrend this month, our analysts at William O’Neil + Co. are watching the market for signals that would indicate a change in trend. In this special two-part webinar series, William O’Neil + Co. Equity Analysts Raj Gupta and Cornelio Ash will go over what to look for in order to upgrade the market back to a Confirmed Uptrend. They will review historical examples of successful and failed follow-through days and how to apply that knowledge in today’s marketplace. They will also go over watch list ideas from the Technology and Health Care sectors that they strongly believe should be on your radar.

U.S. Market Update + Watch List Ideas

Posted on by Cornelio Ash

Key points:

The U.S. market is in a Downtrend. We will remain cautious until the S&P 500 or Nasdaq stages a follow-through day.

Scenario analysis:

Shallow correction of 8–10%. Undercut the 200-DMA before finding a bottom. Historical examples: 6/2014, 12/2014.

Deeper correction of 10% or more. Since 1970: Median days before low: 63. Median % off highs: 11%.

Watch List ideas: ALTR, AVLR, HAE, SMAR, TNDM

Early-stage bases.

Strong RS lines as market corrects.

Strong/steady revenue growth.