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Alerts
We continue to see strong upside in satellite internet provider EchoStar Corp. (SATS) and increase our Model Portfolio holding accordingly. The company has seen increased network demand in this challenging time as more people are staying home due to either lockdown or working from home as a health precaution, and SATS is strategically poised to benefit from this ongoing environment.
05 August 2020
Alerts
We are increased our Model Portfolio holding on Trane Technologies Plc's (TT) recent Q2FY20 earnings, which came in above consensus estimates due to a substantial rise in Residential HVAC bookings. The stock has already given a +28% return since entering the MP and has surpassed our Base case target price since entering the Model Portfolio, and we continue to see long-term value for investors. For more, click here.
05 August 2020
Alerts
In light of recent market movements and to rebalance the Catalyst Model Portfolio, we have increased on several high conviction names and reduced the weighting of the largest holding in a partial booking of profits. Please see inside the alert for the list of actions taken at the end of today's (June 29) VWAPs.
29 June 2020
Alerts
We are increasing our Spinoff Model Portfolio holding on Synnex Corp. (SNX), given the value creation opportunities presented by the upcoming Spinoff of the Concentrix segment, as well as the strong returns made by the last time Chairman Matthew Miau bought shares on the open market (2018). His buying then yielded a +85% return, and his more recent purchases flagged our attention and entry into the MP on May 1. The below reiterates our main points on this high conviction name.
11 May 2020
Alerts
Following the completion of its simultaneous three-way Spinoff of Carrier Global Corp. (CARR) and Otis Worldwide Corp. (OTIS) and the merger with Raytheon Co. (RTN) to create Raytheon Technologies Corp. (RTX, Parent ex-Spins), the three newly separated companies provided strong returns on a down market day last Friday (April 3). All three entities have long-term value creation opportunities ahead, given their market-leading positions, higher margins and further potential upsides.
06 April 2020
Alerts
To take advantage of the market's recent movements, we're adding to our position in Trane Technologies Plc (TT). Our fundamentals remain intact for this company, and the market conditions allow for a lower increase level.
24 March 2020
Alerts
Despite the ongoing selloff in the global markets, Electrolux AB (ELUXB SS) completed the Spinoff of its professional products business Electrolux Professional AB (EPROB SS) yesterday (March 23, 2020). We are positive on the forward outlooks in the mid- to long-term for both of these companies, considering the discounts they trade at relative to their peers and how negatives seem priced-in at current levels. Read on for more.
24 March 2020
Alerts
To take advantage of the market's recent movements, we're adding to our positions in Trane Technologies Plc (TT), Ingersoll Rand, Inc. (IR) and United Technologies Corp. (UTX). Our fundamentals remain intact for these companies, and the market conditions allow for lower increase levels.
12 March 2020
Alerts
As markets are moving, The Edge will be increasing positions in the Model Portfolio. Madison Square Garden Co. (MSG), despite the suspension of the NBA season, displays material value at these levels. With a Form 10 just released, we will have a full update on Monday. In the meantime, we add 1% to the Model Portfolio.
12 March 2020
Alerts
To take advantage of the market's recent movements, we're adding to our positions in IAC/InterActiveCorp. (IAC), The Madison Square Garden Co. (MSG) and United Technologies Corp. (UTX) ahead of their respective Spinoffs. Our fundamentals for these break-ups remain intact (and we are in the process of updating our MSG analysis with the recent Form 10), and warrant increases to their Model Portfolio positions. See the links below for more details and respective analyses/alerts.
10 March 2020