Equity Universe Update

Equity Universe Update

Markets continued to rally this past week in a “buy the rumour” anticipation of an announcement of a U.S.-China trade deal. The White House said on Friday after three days of trade talks with Chinese officials in Washington that the negotiations made progress on numerous key issues but significant work remains. As soon as the date of the summit between Trump and Chinese president Xi Jinping is announced, we’ll begin the countdown to the end of the “Trade War rally”. This past Friday close brought the major U.S. indexes about 2% from all-time record highs. The more investors fall into disbelief over how long this V-shaped recovery is persisting, the higher the trading algos seem to want to push equity prices.

The macroeconomic news this week was highlighted by the Non-Farm Payrolls Report which showed that the U.S. created 196,000 new jobs last month after a swoon in February. The increase exceeded the 179,000 forecast of economists. The increase in jobs in February was revised up to 33,000 from 20,000. January job gains were little changed at 312,000. Jobs are a lagging economic indicator, but in an equity bull run good numbers only further fuel buying. The Friday post-jobs report close on the equity indexes left the majors (S&P 500, Nasdaq) a stone’s throw from the 2018 all-time record highs.

The figure below shows that the unemployment rate has likely gotten as low as it will go for this expansion. Salaries are trending higher as the labour market tightens. This is good short-term for the economy, but longer-term inflationary pressures will mount. The bond market will price in higher inflation and the Fed will likely not be able to maintain its dovish outlook should wage inflation show up in the PCE measure.

March jobs report

Elsewhere, U.S. macro data this week was mixed.

  • Sales at U.S. retailers fell in February for the second time in three months in another sign of a slowdown infecting broad swaths of the economy early in the new year. Retail sales dropped 0.2% last month (vs +0.3% expected), hurt in part by a severe cold spell across the country.

retails sales

  • The ISM said its manufacturing index rose to 55.3% last month from 54.2% in February. The index for new orders jumped 1.9 points to 57.4%, while production rose 1 point to 55.8%. Employment surged 5.2 points to 57.5%. Sixteen of the 18 U.S. manufacturing industries surveyed by ISM expanded in March. There is nothing in the details of the data or the comments to make us think that the expansion is going to come to an end anytime soon.ISM expanded in March
  • Construction spending climbed 1% in February following a revised 2.5% gain in January, suggesting a rebound in early 2019 after a bout of weakness toward the end of last year.
  • Business inventories rose 0.8% in January, the second month in a row stockpiles grew at that rate. The ratio of inventories to sales edged up to 1.39 from 1.38. Recall that at the top of an economic cycle the inventory/sales ratio tends to spike higher and demand cools off before companies cut back production.
  • Orders for durable, or long-lasting, goods fell in February (-1.6% vs. -2.1% expected) for the first time in four months and business investment continued to soften, reflecting a slower U.S. economy early in the new year.
  • Motor vehicle sales reached a seasonally adjusted annual rate of 17.45 million in March, up from 16.57 million in February. That’s the highest reading in three months and represents a recovery from a downbeat start to the year.
  • The ISM non-manufacturing index slipped to 56.1 last month from 59.7 in February, which was among the highest readings in the past decade. The data are consistent with moderate rather than dramatic slowing in the economy.

ISM Services

Cleaned Equity Universe & Changes At WMA

This weekend we did not have time to write on a market theme. Bill and Owen conducted strategic meetings in Hilton Head on developing our investment management service, as well as ways to offer our readers more insights and tools for their own personal trading. Our focus is to provide independent thinking using our market savvy, fundamental analysis of the economy (as well as all the individual companies we track), and technical trading signals. We have agreed that providing original content in our newsletters is the most useful service that we can provide as independent, objective asset managers. We therefore will be providing in-depth reports on companies that we esteem merit an allocation in investment portfolios.

Having a good vision of the markets includes maintaining an up-to-date universe of investable companies. Our master list includes all companies that can be bought in U.S. dollars on one of the American exchanges. We cleaned our universe this week-end to remove de-listed companies over the past 3-months. In addition, we modified tickers for recent take-overs (like Barrick and Randgold) and added new listings (Lyft, Dell, etc). We include all world companies with liquid shares trading in the U.S. (either direct company listings like for Toyota or via ADRs). Our current universe is now 5,060 investable companies. Our job is now to pull out the winners!

Here is our full universe. We will incorporate these companies into our models in the coming week. As always, send us a message if you see a company that is missing.

 

FLWS1-800-Flowers.Com IncConsr Disc
WBAI500.com LtdConsr Disc
AANAaron’s, Inc.Consr Disc
ANFAbercrombie & Fitch Co.Consr Disc
ATVAcorn International IncConsr Disc
GOLFAcushnet Holdings CorpConsr Disc
ADDYYAdidasConsr Disc
ADNTAdient PLCConsr Disc
ATGEAdtalem Global Education IncConsr Disc
AAPAdvance Auto Parts, Inc.Consr Disc
ATUSAltice USA IncConsr Disc
AMZNAmazon.comConsr Disc
AMCAMC Entertainment Holdings IncConsr Disc
AMCXAMC Networks IncConsr Disc
DITAMCON Distributing CoConsr Disc
AXLAmerican Axle & Manufact. Holdings, Inc.Consr Disc
AEOAmerican Eagle OutfittersConsr Disc
AOBCAmerican Outdoor Brands CorpConsr Disc
APEIAmerican Public Education, Inc.Consr Disc
CRMTAmerica’s Car-Mart, Inc.Consr Disc
ARCIAppliance Recycling Centers of America IncConsr Disc
ARMKAramarkConsr Disc
ARCEArco Platform LtdConsr Disc
ARCOArcos Dorados Holdings, Inc.Consr Disc
ARKRArk Restaurants CorpConsr Disc
ABGAsbury Automotive Group, Inc.Consr Disc
ASNAAscena Retail Group IncConsr Disc
ASCMAAscent Capital Group IncConsr Disc
ASPUAspen Group IncConsr Disc
HOMEAt Home Group IncConsr Disc
ATAIATA IncConsr Disc
ALVAutoliv Inc.Consr Disc
ANAutoNation, Inc.Consr Disc
AZOAutoZone, Inc.Consr Disc
BNEDBarnes & Noble Education IncConsr Disc
BKSBarnes & Noble, Inc.Consr Disc
BSETBassett Furniture Industries Inc.Consr Disc
BMWYYBayerische Motoren WerkeConsr Disc
BZHBeazer Homes USA, Inc.Consr Disc
BEBEbebe stores incConsr Disc
BBBYBed Bath & Beyond Inc.Consr Disc
BELBelmond LtdConsr Disc
BBYBest Buy Co IncConsr Disc
BGFVBig 5 Sporting Goods CorporationConsr Disc
BIGBig Lots, Inc.Consr Disc
BHBiglari Holdings IncConsr Disc
BGIBirks Group IncConsr Disc
BJRIBJ’s Restaurants, Inc.Consr Disc
BLNKBlink Charging CoConsr Disc
BLMNBloomin’ Brands IncConsr Disc
APRNBlue Apron Holdings IncConsr Disc
BXGBluegreen Vacations CorpConsr Disc
BKNGBooking Holdings IncConsr Disc
BOOTBoot Barn Holdings IncConsr Disc
BWABorgWarner Inc.Consr Disc
BOMNBOSTON OMAHA CorpConsr Disc
BYDBoyd Gaming CorporationConsr Disc
BPIBridgepoint Education IncConsr Disc
BRDCYBridgestone CorpConsr Disc
BFAMBright Horizons Family Solutions IncConsr Disc
BEDUBright Scholar Education HoldiConsr Disc
EATBrinker International, Inc.Consr Disc
DOOOBRP Inc. of CanadaConsr Disc
BCBrunswick CorporationConsr Disc
BKEBuckle IncConsr Disc
BBWBuild-A-Bear Workshop, IncConsr Disc
BURBYBurberry GroupConsr Disc
BURLBurlington Stores IncConsr Disc
BYDDYBYD Co LtdConsr Disc
CABOCable One IncConsr Disc
CZRCaesars Entertainment CorpConsr Disc
CALCaleres IncConsr Disc
ELYCallaway Golf CoConsr Disc
CWHCamping World Holdings IncConsr Disc
GOOSCanada Goose Holdings Inc.Consr Disc
CANGCango IncConsr Disc
CPHCCanterbury Park Holding CorpConsr Disc
CECOCareer Education Corp.Consr Disc
CARGCarGurus, Inc.Consr Disc
KMXCarMax, IncConsr Disc
CCLCarnival CorpConsr Disc
CUKCarnival PLCConsr Disc
CSVCarriage Services, Inc.Consr Disc
TASTCarrols Restaurant Group, Inc.Consr Disc
CRICarter’s, Inc.Consr Disc
CVNACarvana CoConsr Disc
CATOCato CorpConsr Disc
CVCOCavco Industries, Inc.Consr Disc
CBSCBS CorporationConsr Disc
FUNCedar Fair LPConsr Disc
CETVCentral European Media EnterprisesConsr Disc
CTRCCentric Brands IncConsr Disc
CNTYCentury Casinos, Inc.Consr Disc
CCSCentury Communities IncConsr Disc
BURGChanticleer Holdings IncConsr Disc
CTHRCharles & Colvard LtdConsr Disc
CHTRCharter Communications IncConsr Disc
CAKECheesecake Factory IncConsr Disc
CHGGChegg IncConsr Disc
CHKECherokee IncConsr Disc
CSSEChicken Soup For The Soul EnteConsr Disc
CHSChico’s FAS, Inc.Consr Disc
PLCEChildrens Place IncConsr Disc
CALIChina Auto Logistics IncChina Auto Logistics IncConsr Disc
CAASChina Automotive Systems IncConsr Disc
DLChina Distance Education Holdings LtdConsr Disc
HTHTChina Lodging Group LtdConsr Disc
COEChina Online Education GroupConsr Disc
CXDCChina XD Plastics Company LtdConsr Disc
CMGChipotle Mexican Grill, Inc.Consr Disc
CHHChoice Hotels International IncConsr Disc
CBKChristopher & Banks CorpConsr Disc
CHDNChurchill Downs, Inc.Consr Disc
CHUYChuy’s Holdings IncConsr Disc
CNKCinemark Holdings, Inc.Consr Disc
CTRNCiti Trends, Inc.Consr Disc
CLARClarus CorpConsr Disc
CDTIClean Diesel Technologies, Inc.Consr Disc
CCOClear Channel Outdoor Holdings, Inc.Consr Disc
CLCTCollectors Universe IncConsr Disc
COLMColumbia Sportswear CompanyConsr Disc
CMCSAComcast CorporationConsr Disc
CFRUYCompagnie Financière RichemontConsr Disc
CMPGYCompass Group plcConsr Disc
CHCIComstock Holding Companies IncConsr Disc
CONNConn’s IncConsr Disc
TCSContainer Store Group IncConsr Disc
CTTAYContinentalConsr Disc
AWSMCool Holdings IncConsr Disc
CTBCooper Tire & Rubber CoConsr Disc
CPSCooper-Standard Holdings IncConsr Disc
CORECore-Mark Holding Company, Inc.Consr Disc
CJREFCorus Entertainment IncConsr Disc
CBRLCracker Barrel Old Country Store, Inc.Consr Disc
CROXCrocs, Inc.Consr Disc
CRWSCrown Crafts IncConsr Disc
CSSCSS Industries IncConsr Disc
CTIBCTI Industries CorpConsr Disc
CTRPCtrip.com InternationalConsr Disc
CULPCulp, Inc.Consr Disc
DHID.R. Horton, Inc.Consr Disc
DDAIFDaimlerConsr Disc
DANDana IncConsr Disc
DRIDarden Restaurants, Inc.Consr Disc
PLAYDave & Buster’s Entertainment IncConsr Disc
DTEADAVIDsTEA IncConsr Disc
DECKDeckers Outdoor CorpConsr Disc
DFRGDel Frisco’s Restaurant Group IncConsr Disc
TACODel Taco Restaurants IncConsr Disc
DLPHDelphi Automotive PLCConsr Disc
DLADelta Apparel, Inc.Consr Disc
DENNDenny’s CorporationConsr Disc
DNZOYDenso CorpConsr Disc
DBIDesigner Brands Inc.Consr Disc
DESPDespegar.com, Corp.Consr Disc
DESTDestination Maternity CorpConsr Disc
DXLGDestination XL Group IncConsr Disc
DGSEDGSE Companies IncConsr Disc
DKSDicks Sporting Goods IncConsr Disc
DDSDillard’s, Inc.Consr Disc
DINDineEquity IncConsr Disc
DISCADiscovery Communications Inc.Consr Disc
DISHDish NetworkConsr Disc
SAUCDiversified Restaurant Holdings IncConsr Disc
DXYNDixie Group IncConsr Disc
DGDollar General Corp.Consr Disc
DLTRDollar TreeConsr Disc
DPUKYDomino’s Pizza Group PLC.Consr Disc
DPZDomino’s Pizza, Inc.Consr Disc
DORMDorman Products Inc.Consr Disc
DDEDover Downs Gaming & Entertainment IncConsr Disc
DVDDover Motorsports IncConsr Disc
DSDrive Shack Inc.Consr Disc
DCARDropcar IncConsr Disc
DLTHDuluth Holdings IncConsr Disc
DNKNDunkin Brands Group IncConsr Disc
SSPE. W. Scripps CoConsr Disc
EDUCEducational Development CorpConsr Disc
LOCOEl Pollo LoCo Holdings IncConsr Disc
ERIEldorado Resorts IncConsr Disc
SOLOElectrameccanica Vehicles CorpConsr Disc
EEXEmerald Expositions Events IncConsr Disc
MSNEmerson Radio CorpConsr Disc
NYNYEmpire Resorts IncConsr Disc
ETMEntercom Communications Corp.Consr Disc
EVCEntravision CommunicationConsr Disc
EROSEros International plcConsr Disc
ESCAEscalade, Inc.Consr Disc
ESLOYEssilorLuxotticaConsr Disc
ECPCYEstacio Participacoes SAConsr Disc
ETHEthan Allen Interiors Inc.Consr Disc
EVKEver-Glory International Group IncConsr Disc
EVLVEVINE Live IncConsr Disc
EXPEExpedia IncConsr Disc
EXPRExpress, Inc.Consr Disc
STAYExtended Stay America IncConsr Disc
DAVEFamous Dave’s of America, Inc.Consr Disc
FTCHFarfetch LtdConsr Disc
FATFAT Brands IncConsr Disc
RACEFerrariConsr Disc
FCAUFiat Chrysler AutomobilesConsr Disc
FRGIFiesta Restaurant Group IncConsr Disc
FIVEFive Below IncConsr Disc
BDLFlanigan’s Enterprises IncConsr Disc
FLXSFlexsteel Industries IncConsr Disc
FNDFloor & Decor Holdings IncConsr Disc
FLFoot LockerConsr Disc
FFord Motor CompanyConsr Disc
FRSXForesight Autonomous Holdings LtdConsr Disc
FORDForward Industries IncConsr Disc
FOSLFossil Group IncConsr Disc
FEDUFour Seasons Education CaymanConsr Disc
FOXFFox Factory Holding CorpConsr Disc
FRANFrancesca’s Holdings CorpConsr Disc
FREDFred’s, Inc.Consr Disc
FTDRFrontdoor IncConsr Disc
FTDFTD Companies IncConsr Disc
FORKFuling Global IncConsr Disc
FLLFull House Resorts, Inc.Consr Disc
FNKOFunko IncConsr Disc
GFAGafisa SAConsr Disc
GAIAGaia IncConsr Disc
GMEGameStop Corp.Consr Disc
GPICGaming Partners International CorpConsr Disc
GCIGannett Co IncConsr Disc
GPSGap IncConsr Disc
GRMNGarmin Ltd.Consr Disc
GTXGarrett Motion IncConsr Disc
GLIBAGCI Liberty IncConsr Disc
GMGeneral Motors CorporationConsr Disc
GCOGenesco Inc.Consr Disc
GNUSGenius Brands International InConsr Disc
GNTXGentex CorporationConsr Disc
THRMGentherm IncConsr Disc
GPCGenuine Parts CompanyConsr Disc
GIIIG-III Apparel Group, Ltd.Consr Disc
GILGildan Activewear IncConsr Disc
ENTGlobal Eagle Entertainment IncConsr Disc
GNCGNC Holdings IncConsr Disc
GDENGolden Entertainment IncConsr Disc
GTIMGood Times Restaurants IncConsr Disc
GTGoodyear Tire & Rubber CoConsr Disc
GPROGoPro IncConsr Disc
GHCGraham Holdings CoConsr Disc
LOPEGrand Canyon Education IncConsr Disc
GTNGray Television, Inc.Consr Disc
GWLLYGreat Wall Motor Co LtdConsr Disc
GRBKGreen Brick Partners IncConsr Disc
GHGGreenTree Hospitality Group LtdConsr Disc
GPIGroup 1 Automotive, Inc.Consr Disc
GRPNGroupon IncConsr Disc
TVGrupo Televisa SABConsr Disc
GESGuess?, Inc.Consr Disc
HRBH & R Block IncConsr Disc
HABTHabit Restaurants IncConsr Disc
HLGHailiang Education Group IncConsr Disc
HBBHamilton Beach Brands HoldingConsr Disc
HBIHanesbrands Inc.Consr Disc
HOGHarley-Davidson IncConsr Disc
HASHasbroConsr Disc
HVTHaverty Furniture Companies, Inc.Consr Disc
HELEHelen of Troy LimitedConsr Disc
HMTVHemisphere Media Group IncConsr Disc
HNNMYHennes & MauritzConsr Disc
HIBBHibbett Sports, Inc.Consr Disc
HGVHilton Grand Vacations IncConsr Disc
HLTHilton Worldwide Holdings IncConsr Disc
HDHome Depot (The)Consr Disc
HMCHonda Motor Co LtdConsr Disc
HOFTHooker Furniture CorpConsr Disc
HZNHorizon Global CorpConsr Disc
HMHCHoughton Mifflin Harcourt CoConsr Disc
HOVHovnanian Enterprises, Inc.Consr Disc
HUDHudson LtdConsr Disc
HHyatt Hotels CorporationConsr Disc
ICONIconix Brand Group IncConsr Disc
IMAXIMAX CorpConsr Disc
IHLDYImperial Holdings LimitedConsr Disc
IDEXYIndustria de Diseno Textil SAConsr Disc
IFJPYInforma PLCConsr Disc
INSEInspired Entertainment IncConsr Disc
IBPInstalled Building Products IncConsr Disc
IHGInterContinental Hotels Group PLCConsr Disc
IGTInternational Game Technology PLCConsr Disc
ISCAInternational Speedway CorpConsr Disc
IPGInterpublic Group of Companies IncConsr Disc
IPICiPic Entertainment IncConsr Disc
IRBTiRobot CorporationConsr Disc
ITVPYITVConsr Disc
JAXJ Alexanders Holdings IncConsr Disc
JCPJ C Penney Company IncConsr Disc
JILLJ.Jill IncConsr Disc
JACKJack in the Box Inc.Consr Disc
JAKKJAKKS Pacific, Inc.Consr Disc
JDJD.comConsr Disc
JRSHJerash Holdings (US) IncConsr Disc
JMUJMU LtdConsr Disc
JWAJohn Wiley & Sons IncConsr Disc
JOUTJohnson Outdoors Inc.Consr Disc
JMEIJumei International Holding LtConsr Disc
LRNK12 Inc.Consr Disc
KNDIKandi Technologies Group IncConsr Disc
KBHKB HomeConsr Disc
KGFHYKingfisherConsr Disc
KGJIKingold Jewelry IncConsr Disc
KIRKKirkland’s, Inc.Consr Disc
KSSKohl’s CorporationConsr Disc
KONAKona Grill IncConsr Disc
KOSSKoss CorpConsr Disc
KROTYKroton Educacional SAConsr Disc
LBL Brands IncConsr Disc
LAKELakeland Industries, Inc.Consr Disc
LELands’ End, Inc.Consr Disc
LVSLas Vegas Sands Corp.Consr Disc
LAURLaureate Education IncConsr Disc
LZBLa-Z-Boy IncorporatedConsr Disc
LAZYLazydays Holdings IncConsr Disc
LCIILCI IndustriesConsr Disc
LEALear CorporationConsr Disc
LEGLeggett & Platt, Inc.Consr Disc
LENLennar CorporationConsr Disc
LEVILevi Strauss & CoConsr Disc
LGIHLGI Homes IncConsr Disc
LBYLibbey Inc.Consr Disc
LEXEALiberty Expedia Holdings, Inc.Consr Disc
LBTYKLiberty Global LiLACConsr Disc
LILALiberty Latin America LtdConsr Disc
FWONKLiberty Media-Liberty Formula OneConsr Disc
LSXMALiberty Sirius XM GroupConsr Disc
LTRPALiberty Tripadvisor Holdings IncConsr Disc
LCUTLifetime Brands IncConsr Disc
LITBLightInTheBox Holding Co LtdConsr Disc
LINCLincoln Educational Services CConsr Disc
LINDLindblad Expeditions Holdings IncConsr Disc
LGFALions Gate Entertainment Corp.Consr Disc
LADLithia Motors IncConsr Disc
LYVLive Nation Entertainment, Inc.Consr Disc
LIVELive Ventures IncConsr Disc
LKQLKQ CorporationConsr Disc
LOVELovesac CoConsr Disc
LOWLowe’s CompaniesConsr Disc
LUBLuby’s IncConsr Disc
LULULululemon Athletica inc.Consr Disc
LLLumber Liquidators Holdings IncConsr Disc
LVMUYLVMH Moët Hennessy Vuitton SEConsr Disc
MDCM.D.C. Holdings, Inc.Consr Disc
MHOM/I Homes IncConsr Disc
MMacy’s IncConsr Disc
MSGMadison Square Garden CoConsr Disc
MGAMagna International Inc.Consr Disc
MMYTMakeMyTrip LimitedConsr Disc
MBUUMalibu Boats IncConsr Disc
MAWHYMan Wah Holdings LimitedConsr Disc
MANUManchester United PLCConsr Disc
MCSMarcus CorpConsr Disc
MPXMarine Products CorpConsr Disc
HZOMarineMax IncConsr Disc
MAKSYMarks & Spencer GroupConsr Disc
MARMarriott International IncConsr Disc
VACMarriott Vacations Worldwide CorpConsr Disc
MATMattelConsr Disc
MZDAYMazda Motor CorpConsr Disc
MCFTMCBC Holdings IncConsr Disc
MNIMcClatchy CoConsr Disc
MCDMcDonald’s CorporationConsr Disc
MDCAMDC Partners IncConsr Disc
MLCOMelco Resorts & EntertainmentConsr Disc
MDPMeredith CorporationConsr Disc
MTHMeritage Homes CorpConsr Disc
MGMMGM Resorts InternationalConsr Disc
KORSMichael Kors Holdings LtdConsr Disc
MIKMichaels Companies IncConsr Disc
MGDDYMichelinConsr Disc
MODModine Manufacturing Co.Consr Disc
MOGUMogu IncConsr Disc
MHKMohawk Industries, Inc.Consr Disc
MKGIMonaker Group IncMonaker Group IncConsr Disc
MCRIMonarch Casino & Resort, Inc.Consr Disc
MNROMonro IncConsr Disc
MOGAMoog IncConsr Disc
MPAAMotorcar Parts of America, Inc.Consr Disc
MOVMovado Group, IncConsr Disc
MOXCMoxian IncConsr Disc
MRPLYMR Price Group LtdConsr Disc
MSGNMSG Networks IncConsr Disc
MUSAMurphy USA IncConsr Disc
NAKDNaked Brand Group LtdConsr Disc
NXTTFNamaste Technologies Inc.Consr Disc
NPSNYNaspers LimitedConsr Disc
NATHNathan’s Famous IncConsr Disc
NAUHNational American University Holdings IncConsr Disc
NCMINational CineMedia, Inc.Consr Disc
EYENational Vision Holdings, Inc.Consr Disc
NTZNatuzzi SpAConsr Disc
NLSNautilus, Inc.Consr Disc
NFLXNetflixConsr Disc
NETSNetshoes (CAYMAN) LtdConsr Disc
UWNNevada Gold & Casinos IncConsr Disc
NWHMNew Home Company IncConsr Disc
NEWMNew Media Investment Group IncConsr Disc
EDUNew Oriental Education & TechnConsr Disc
NYTNew York Times CoConsr Disc
NWLNewell Brands IncConsr Disc
NXSTNexstar Media Group IncConsr Disc
NKENikeConsr Disc
NIONio IncConsr Disc
NSANYNissan Motor Co LtdConsr Disc
NIUNIU TechnologiesConsr Disc
NOBHNobility Homes, Inc.Consr Disc
NDLSNoodles & CoConsr Disc
JWNNordstrom, Inc.Consr Disc
NCLHNorwegian Cruise Line HoldingsConsr Disc
NVFYNova LifeStyle IncConsr Disc
OSWNULLConsr Disc
NVRNVR, Inc.Consr Disc
ODPOffice Depot IncConsr Disc
OLLIOllie’s Bargain Outlet Holdings IncConsr Disc
OMNTOminto IncConsr Disc
OMCOmnicom Group Inc.Consr Disc
STKSOne Group Hospitality IncConsr Disc
ONEOneSmart International EducationConsr Disc
ORLYO’Reilly Automotive IncConsr Disc
OSTKOverstock.com, Inc.Consr Disc
OXMOxford Industries IncConsr Disc
PFINP&F Industries IncConsr Disc
PDYPYPaddy Power Betfair PLCConsr Disc
PCRFYPanasonic CorporationConsr Disc
PZZAPapa John’s Int’l, Inc.Consr Disc
FRSHPapa Murphy’s Holdings IncConsr Disc
PRTYParty City Holdco IncConsr Disc
SKISPeak Resorts IncConsr Disc
PSOPearsonConsr Disc
PENNPenn National Gaming, IncConsr Disc
PAGPenske Automotive Group, Inc.Consr Disc
PSMMYPersimmonConsr Disc
PETSPetmed Express IncConsr Disc
PUGOYPeugeotConsr Disc
PIRPier 1 Imports IncConsr Disc
PDDPinduoduo IncConsr Disc
PLNTPlanet Fitness IncConsr Disc
PLYAPlaya Hotels & Resorts NVConsr Disc
AGSPlayAGS IncConsr Disc
PIIPolaris Industries Inc.Consr Disc
POOLPool CorporationConsr Disc
POAHYPorscheConsr Disc
PBPBPotbelly CorpConsr Disc
PRDSYPRADA SpAConsr Disc
PBSFYProsiebensat 1 Media SEConsr Disc
PUBGYPublicis GroupeConsr Disc
PHMPulteGroup, Inc.Consr Disc
PRPLPurple Innovation IncConsr Disc
NEWPuxin LtdConsr Disc
PVHPVH CorpConsr Disc
QRTEAQurate Retail IncConsr Disc
RLRalph Lauren CorpConsr Disc
RAVERave Restaurant Group IncConsr Disc
RICKRCI Hospitality Holdings IncConsr Disc
RDIReading International IncConsr Disc
RLHRed Lion Hotels CorporationConsr Disc
RRGBRed Robin Gourmet Burgers, Inc.Consr Disc
RRRRed Rock Resorts IncConsr Disc
RGSRegis CorporationConsr Disc
RCIIRent-A-Center IncConsr Disc
QSRRestaurant Brands InternationalConsr Disc
RHRHConsr Disc
REDURISE Education Cayman LtdConsr Disc
RCKYRocky Brands IncConsr Disc
ROSTRoss StoresConsr Disc
RCLRoyal Caribbean Cruises LtdConsr Disc
RTWRTW Retailwinds IncConsr Disc
RUTHRuth’s Hospitality Group, Inc.Consr Disc
RYBRYB Education IncConsr Disc
SALMSalem Media Group IncConsr Disc
SBHSally Beauty Holdings, Inc.Consr Disc
SCHYYSANDS CHINA LTD.Consr Disc
SCHLScholastic CorpConsr Disc
SGMSScientific Games CorpConsr Disc
SHLDQSears Holdings CorpConsr Disc
SHOSSears Hometown and Outlet Stores IncConsr Disc
SEASSeaWorld Entertainment IncConsr Disc
SECOSecoo Holding LtdConsr Disc
SKHSYSekisui House LtdConsr Disc
SNBRSelect Comfort Corp.Consr Disc
SICSelect Interior Concepts IncConsr Disc
SQBGSequential Brands Group IncConsr Disc
SCIService Corporation InternationalConsr Disc
SERVServicemaster Global Holdings IncConsr Disc
SHAKShake Shack IncConsr Disc
SHCAYSharp CorporationConsr Disc
SJRShaw Communications IncConsr Disc
SHLOShiloh Industries, Inc.Consr Disc
SCVLShoe Carnival, Inc.Consr Disc
SFLYShutterfly, Inc.Consr Disc
SIGSignet Jewelers Ltd.Consr Disc
SBGISinclair Broadcast Group IncConsr Disc
SIRISirius XM Holdings IncConsr Disc
SIXSix Flags Entertainment CorpConsr Disc
SKXSkechers USA IncConsr Disc
SKYSkyline Champion CorpConsr Disc
SRAXSocial Reality IncConsr Disc
SAHSonic Automotive IncConsr Disc
SONOSonos IncConsr Disc
SNESony CorpConsr Disc
SORLSorl Auto Parts, Inc.Consr Disc
BIDSothebysConsr Disc
TRKSpeedway Motorsports, Inc.Consr Disc
SPWHSportsman’s Warehouse Holdings IncConsr Disc
SSIStage Stores IncConsr Disc
SMPStandard Motor Products, Inc.Consr Disc
SBUXStarbucks CorporationConsr Disc
TSGStars Group Inc.Consr Disc
SMRTStein Mart IncConsr Disc
SHOOSteven Madden, Ltd.Consr Disc
SFIXStitch Fix, Inc.Consr Disc
STONStoneMor Partners LPConsr Disc
SRIStoneridge, Inc.Consr Disc
STRTStrattec Security CorpConsr Disc
STRAStrayer Education IncConsr Disc
MSCStudio City International Holdings LtdConsr Disc
RGRSturm Ruger & Company IncConsr Disc
FUJHYSubaru CorpConsr Disc
SUMRSummer Infant, Inc.Consr Disc
STGSunlands Online Education GroupConsr Disc
SUPSuperior Industries International IncConsr Disc
SGCSuperior Uniform Group IncConsr Disc
SPRWFSupreme Cannabis Company,Consr Disc
SWGAYSwatch Group AG/TheConsr Disc
SYPRSypris Solutions IncConsr Disc
TLRDTailored Brands IncConsr Disc
TALTAL Education GroupConsr Disc
TLFTandy Leather Factory IncConsr Disc
TPRTapestry, Inc.Consr Disc
TEDUTarena International IncConsr Disc
TGTTarget CorporationConsr Disc
TTMTata Motors LimitedConsr Disc
TMHCTaylor Morrison Home CorpConsr Disc
TGNATegna IncConsr Disc
TPXTempur Sealy International IncConsr Disc
TENTenneco IncConsr Disc
TSLATeslaConsr Disc
TXRHTexas Roadhouse IncConsr Disc
THOThor Industries, Inc.Consr Disc
TIFTiffany & Co.Consr Disc
TTSTile Shop Holdings IncConsr Disc
TLYSTilly’s IncConsr Disc
TJXTJX Companies IncConsr Disc
TOLToll Brothers IncConsr Disc
BLDTopBuild CorpConsr Disc
TOWRTower International IncConsr Disc
CLUBTown Sports International Holdings, Inc.Consr Disc
TSQTownsquare Media IncConsr Disc
TYIDYToyota Industries CorpConsr Disc
TMToyota Motor CorpConsr Disc
TSCOTractor Supply CompanyConsr Disc
TWMCTrans World Entertainment CorpConsr Disc
TATravelCenters of America LLCConsr Disc
TPHTRI Pointe Group IncConsr Disc
TRCOTribune Media CoConsr Disc
TRIPTripadvisor IncConsr Disc
TUESTuesday Morning CorporationConsr Disc
TOURTuniu CorpConsr Disc
TUPTupperware Brands CorporationConsr Disc
HEARTurtle Beach CorpConsr Disc
FOXATwenty-First Century FoxConsr Disc
PRTSU.S. Auto Parts Network, Inc.Consr Disc
ULTAUlta Salon, Cosmetics & FragranceConsr Disc
UAAUnder Armour IncConsr Disc
UFIUnifi, Inc.Consr Disc
UFABUnique Fabricating IncConsr Disc
UEICUniversal Electronics IncConsr Disc
UTIUniversal Technical Institute IncConsr Disc
UQMUQM Technologies IncConsr Disc
URBNUrban Outfitters, Inc.Consr Disc
MTNVail Resorts, Inc.Consr Disc
VLEEYValeo SAConsr Disc
VNEVeoneer IncConsr Disc
VRAVera Bradley, Inc.Consr Disc
VFCVF CorpConsr Disc
VIABViacomConsr Disc
VIAViacom IncConsr Disc
VNCEVince Holding CorpConsr Disc
VIOTViomi Technology Co LtdConsr Disc
VIPSVipshop Holdings LtdConsr Disc
VSTOVista Outdoor IncConsr Disc
VCVisteon CorpConsr Disc
VSIVitamin Shoppe IncConsr Disc
VWAGYVolkswagenConsr Disc
VOXXVOXX International CorpConsr Disc
VUZIVuzix CorpConsr Disc
WACLYWacoal Holdings CorpConsr Disc
WTRHWaitr Holdings IncConsr Disc
DISWalt Disney Company (The)Consr Disc
WWayfair IncConsr Disc
WTWWeight Watchers International, Inc.Consr Disc
WENWendys CoConsr Disc
WEYSWEYCO Group IncConsr Disc
WHRWhirlpool CorporationConsr Disc
WTBDYWhitbreadConsr Disc
WOWWideOpenWest IncConsr Disc
WIMHYWilliam HillConsr Disc
WLHWilliam Lyon HomesConsr Disc
WSMWilliams-Sonoma, Inc.Consr Disc
WINGWingstop IncConsr Disc
WINAWinmark CorpConsr Disc
WGOWinnebago Industries, Inc.Consr Disc
WWWWolverine World Wide, Inc.Consr Disc
WLWHYWoolworths Holdings LimitedConsr Disc
WKHSWorkhorse Group IncConsr Disc
WWEWorld Wrestling Entertainment, Inc.Consr Disc
WPPWPP GroupConsr Disc
WHWyndham Hotels & Resorts IncConsr Disc
WYNDWyndham Worldwide CorporationConsr Disc
WYNMYWynn Macau LtdConsr Disc
WYNNWynn Resorts, LimitedConsr Disc
XSPAXpresSpa Group IncConsr Disc
YTRAYatra Online IncConsr Disc
YETIYeti Holdings IncConsr Disc
YOGAYogaworks IncConsr Disc
YUEIYYue Yuen Industrial (Holdings) LtdConsr Disc
YUMCYum China Holdings IncConsr Disc
YUMYum! Brands, Inc.Consr Disc
ZAGGZagg IncConsr Disc
ZUMZZumiez Inc.Consr Disc
AXASAbraxas Petroleum Corp.Energy
AEAdams Resources & Energy IncEnergy
AAVVFAdvantage Oil & Gas Ltd.Energy
ANWWQAegean Marine Petroleum Network IncEnergy
AMTXAemetis IncEnergy
ARLPAlliance Resource Partners, LPEnergy
AMRAlta Mesa Resources, IncEnergy
ATGFFAltaGas Ltd.Energy
AMIDAmerican Midstream Partners LPEnergy
AMRSAmyris IncEnergy
APCAnadarko PetroleumEnergy
ANDXAndeavor Logistics LPEnergy
AMGPAntero Midstream GP LPEnergy
AMAntero Midstream Partners LPEnergy
ARAntero Resources CorpEnergy
APAApache CorporationEnergy
APYApergy CorpEnergy
AREXApproach Resources Inc.Energy
AETUFARC Resources LtdEnergy
ARCHArch Coal IncEnergy
AROCArchrock IncEnergy
ASCArdmore Shipping CorpEnergy
ASPNAspen Aerogels IncEnergy
BHGEBaker Hughes A GE CoEnergy
BRNBarnwell Industries IncEnergy
BASBasic Energy Services IncEnergy
BTEBaytex EnergyEnergy
BXEBellatrix Exploration LtdEnergy
BRYBerry Petroleum CorpEnergy
BSMBlack Stone Minerals LPEnergy
BKEPBlueknight Energy Partners LPEnergy
BCEIBonanza Creek Energy IncEnergy
BPTBP Prudhoe Bay Royalty TrustEnergy
BRSBristow Group IncEnergy
BPBritish Petroleum (BP)Energy
BPLBuckeye Partners LPEnergy
CJC&J Energy Services IncEnergy
COGCabot Oil & Gas CorporationEnergy
WHDCactus IncEnergy
CRCCalifornia Resources CorpEnergy
CPECallon Petroleum CompanyEnergy
CLMTCalumet Specialty Products Partners, L.PEnergy
CEICamber Energy IncEnergy
CNQCanadian Natural Resources LimitedEnergy
CPLPCapital Product Partners LPEnergy
CRRCARBO Ceramics Inc.Energy
CRLFFCardinal Energy LtdEnergy
CRZOCarrizo Oil & Gas IncEnergy
CVECenovus EnergyEnergy
CDEVCentennial Resource Development IncEnergy
LEUCentrus Energy CorpEnergy
CGGYYCGG SAEnergy
CQPCheniere Energy Partners LPEnergy
LNGCheniere Energy, Inc.Energy
CHKChesapeake Energy CorporationEnergy
CVXChevron CorporationEnergy
SNPChina Petroleum & Chemical CorpEnergy
CSUAYChina Shenhua Energy Co LtdEnergy
XECCimarex Energy CoEnergy
CLNEClean Energy Fuels CorpEnergy
CLDCloud Peak Energy Inc.Energy
CEOCNOOC LtdEnergy
CCRCNX Coal Resources LPEnergy
CNXCNX Resources CorpEnergy
CRKComstock Resources IncEnergy
CXOConcho Resources IncEnergy
CNXMCone Midstream Partners LPEnergy
COPConocoPhillipsEnergy
CEIXCONSOL Energy Inc.Energy
MCFContango Oil & Gas CompanyEnergy
CLRContinental Resources, Inc.Energy
CTRAContura Energy IncEnergy
CLBCore LaboratoriesEnergy
CZZCosan Ltd (USA)Energy
CVIACovia Holdings CorpEnergy
CPGCrescent Point EnergyEnergy
CEQPCrestwood Equity Partners LPEnergy
CRTCross Timbers Royalty TrustEnergy
CAPLCrossAmerica Partners LPEnergy
CCLPCSI Compressco LPEnergy
CVICVR Energy, Inc.Energy
DQDaqo New Energy CorpEnergy
DWSNDawson Geophysical CoEnergy
DCPDCP Midstream LPEnergy
DKLDelek Logistics Partners LPEnergy
DKDelek US Holdings IncEnergy
DNRDenbury Resources Inc.Energy
DNNDenison Mines CorpEnergy
DVNDevon EnergyEnergy
DHTDHT Holdings IncEnergy
DODiamond Offshore Drilling IncEnergy
FANGDiamondback Energy IncEnergy
DMLPDorchester Minerals LPEnergy
LPGDorian LPG LtdEnergy
DRQDril-Quip, Inc.Energy
DLNGDynagas LNG Partners LPEnergy
ESTEEarthstone Energy IncEnergy
ECTECA Marcellus Trust IEnergy
ECEcopetrol SAEnergy
ESESEco-Stim Energy Solutions IncEnergy
EMESEmerge Energy Services LPEnergy
ENBLEnable Midstream Partners LPEnergy
ENBEnbridge IncEnergy
ECAEncana CorporationEnergy
UUUUEnergy Fuels Inc/CanadaEnergy
ETEnergy Transfer Equity LPEnergy
ERFEnerplus Corp.Energy
ENGENGlobal CorpEnergy
EEniEnergy
ENLCEnLink Midstream LLCEnergy
ESVENSCO PLCEnergy
ENSVEnservco CorpEnergy
EPDEnterprise Products Partners LPEnergy
EVAEnviva Partners LPEnergy
EOGEOG Resources IncEnergy
EPEEP Energy CorpEnergy
EQTEQT CorporationEnergy
EQMEQT Midstream Partners LPEnergy
EQNREquinor ASAEnergy
ETRNEquitrans Midstream CorpEnergy
ERAEra Group IncEnergy
EPMEvolution Petroleum CorpEnergy
EXTNExterran CorpEnergy
XOGExtraction Oil & Gas IncEnergy
XOMExxon Mobil CorporationEnergy
FLMNFalcon Minerals CorpEnergy
FELPForesight Energy LPEnergy
FETForum Energy Technologies IncEnergy
FIFranks International NVEnergy
FROFrontline Ltd.Energy
FTSIFTS International IncEnergy
GLOGGasLog LtdEnergy
GLOPGasLog Partners LPEnergy
OGZPYGazprom PJSCEnergy
GELGenesis Energy, LPEnergy
GPRKGeoPark LtdEnergy
GEOSGeospace Technologies CorpEnergy
GEVOGevo IncEnergy
GLPGlobal Partners LPEnergy
GLNGGolar LNG LtdEnergy
GMLPGolar LNG Partners LPEnergy
GDPGoodrich Petroleum CorpEnergy
GTEGran Tierra Energy IncEnergy
GPREGreen Plains IncEnergy
GPPGreen Plains Partners LPEnergy
GTMAYGrupo TMM SABEnergy
GIFIGulf Island Fabrication, Inc.Energy
GPORGulfport Energy CorporationEnergy
HKHalcon Resources CorpEnergy
HNRGHallador Energy CoEnergy
HALHalliburton CompanyEnergy
HLXHelix Energy Solutions Group IncEnergy
HPHelmerich & Payne, Inc.Energy
HESHess Corp.Energy
HESMHess Midstream Partners LPEnergy
HPRHighPoint Resources CorpEnergy
HMLPHoegh LNG Partners LPEnergy
HEPHolly Energy Partners LPEnergy
HFCHollyFrontier CorpEnergy
HOSHornbeck Offshore Services, Inc.Energy
HUSAHouston American Energy CorpEnergy
HGTXUHugoton Royalty TrustEnergy
IMOImperial Oil LtdEnergy
ICDIndependence Contract Drilling IncEnergy
INSWInternational Seaways IncEnergy
IOIon Geophysical CorpEnergy
ISRLIsramco IncEnergy
JAGJagged Peak Energy IncEnergy
JONEJones Energy IncEnergy
FRACKeane Group IncEnergy
KEGKey Energy Services, Inc.Energy
KRPKimbell Royalty Partners LPEnergy
KMIKinder Morgan IncEnergy
KLXEKLX Energy Services Holdings IncEnergy
KNOPKNOT Offshore Partners LPEnergy
KOSKosmos Energy LtdEnergy
LPILaredo Petroleum IncEnergy
LGCYLegacy Reserves LPEnergy
LBRTLiberty Oilfield Services IncEnergy
LLEXLilis Energy IncEnergy
LONELonestar Resources US IncEnergy
MMPMagellan Midstream Partners LPEnergy
MGYMagnolia Oil & Gas CorpEnergy
TUSKMammoth Energy Services IncEnergy
MROMarathon Oil CorporationEnergy
MPCMarathon Petroleum CorpEnergy
MARPSMarine Petroleum TrustEnergy
MMLPMartin Midstream Partners LPEnergy
MTDRMatador Resources CoEnergy
MTRXMatrix Service CoEnergy
MDRMcDermott InternationalEnergy
MTRMesa Royalty TrustEnergy
MXCMexco Energy CorpEnergy
MCEPMid-Con Energy Partners LPEnergy
MPOMidstates Petroleum Co Inc.Energy
MINDMitcham Industries IncEnergy
MRMontage Resources CorpEnergy
MPLXMPLX LPEnergy
MURMurphy Oil CorporationEnergy
MVOMV Oil TrustEnergy
NBRNabors Industries Ltd.Energy
NCNACCO Industries IncEnergy
NESRNational Energy Services Reunited CorpEnergy
NOVNational Oilwell VarcoEnergy
NGSNatural Gas Services Group, Inc.Energy
NRPNatural Resource Partners LPEnergy
NVGSNavigator Holdings LtdEnergy
NNANavios Maritime Acquisition CorporationEnergy
NCSMNCS Multistage Holdings IncEnergy
GBRNew Concept Energy IncEnergy
NRNewpark Resources IncEnergy
NEXTNextDecade CorpEnergy
NGLNGL Energy Partners LPEnergy
NINENine Energy Service IncEnergy
LUKOYNK Lukoil PAOEnergy
NENoble Corporation PLCEnergy
NBLNoble Energy, Inc.Energy
NBLXNoble Midstream Partners LPEnergy
NAONordic American Offshore LtdEnergy
NATNordic American Tanker LtdEnergy
NOANorth American Construction Group LtdEnergy
NRTNorth European Oil Royalty TrustEnergy
NOGNorthern Oil & Gas, Inc.Energy
NSNuStar Energy LPEnergy
NESNuverra Environmental Solutions IncEnergy
OMPOasis Midstream Partners LPEnergy
OASOasis Petroleum Inc.Energy
OXYOccidental Petroleum CorporationEnergy
OIIOceaneering InternationalEnergy
OISOil States International, Inc.Energy
OKEONEOK, Inc.Energy
OSGOverseas Shipholding Group IncEnergy
ROYTPacific Coast Oil TrustEnergy
PACDDPacific Drilling SAEnergy
PACDPacific Drilling SAEnergy
PEIXPacific Ethanol IncEnergy
PHXPanhandle Oil and Gas IncEnergy
PARRPar Pacific Holdings IncEnergy
PNRLParinga Resources LtdEnergy
PKDParker Drilling CompanyEnergy
PEParsley Energy IncEnergy
PTENPatterson-UTI Energy, Inc.Energy
PBFPBF Energy IncEnergy
PBFXPBF Logistics LPEnergy
PDCEPDC Energy IncEnergy
BTUPeabody Energy CorporationEnergy
PBAPembina Pipeline CorpEnergy
PGHEFPengrowth Energy CorpEnergy
PVACPenn Virginia CorporationEnergy
OBEPenn West Petroleum Ltd.Energy
PBTPermian Basin Royalty TrustEnergy
PVLPermianville Royalty TrustEnergy
PTRPetroChina Company LimitedEnergy
PBRPetroleo Brasileiro SA PetrobrasEnergy
PEYUFPeyto Exploration & DevelopmentEnergy
PHIIKPHI IncEnergy
PSXPhillips 66Energy
PSXPPhillips 66 Partners LPEnergy
PESPioneer Energy Services CorpEnergy
PXDPioneer Natural ResourcesEnergy
PAAPlains All American Pipeline LPEnergy
PAGPPlains GP Holdings LPEnergy
PDSPrecision Drilling CorporationEnergy
PNRGPrimeEnergy CorpEnergy
PFIEProfire Energy IncEnergy
PUMPPropetro Holding CorpEnergy
QEPQEP Resources IncEnergy
QESQuintana Energy Services IncEnergy
RRCRange Resources Corp.Energy
RCONRecon Technology LtdEnergy
REGIRenewable Energy Group IncEnergy
REPYYRepsol SAEnergy
REXREX American Resources CorpEnergy
RNETRigNet IncEnergy
REIRing Energy IncEnergy
ROANRoan ResourcesEnergy
ROSERosehill Resources IncEnergy
RDCRowan Companies PLCEnergy
RDSARoyal Dutch ShellEnergy
RESRPC, Inc.Energy
SBRSabine Royalty TrustEnergy
SAEXSAExploration Holdings IncEnergy
SSNYYSamson Oil & Gas LtdEnergy
SJTSan Juan Basin Royalty TrustEnergy
SNECSanchez Energy CorpEnergy
SNMPSanchez Midstream Partners LPEnergy
SDSandRidge Energy Inc.Energy
PERSandRidge Permian TrustEnergy
SSLZYSantos LtdEnergy
SLBSchlumberger NVEnergy
STNGScorpio Tankers Inc.Energy
CKHSeacor Holdings, Inc.Energy
SMHISEACOR Marine Holdings IncEnergy
SDRLSeadrill LtdEnergy
SDLPSeadrill Partners LLCEnergy
WTTRSelect Energy Services IncEnergy
SEMGSemGroup CorpEnergy
SHLXShell Midstream Partners LPEnergy
SFLShip Finance International LimitedEnergy
SBOWSilverBow Resources IncEnergy
SMSM Energy CoEnergy
SNDSmart Sand IncEnergy
SOISolaris Oilfield Infrastructure IncEnergy
SXEESouthcross Energy Partners LPEnergy
SWNSouthwestern Energy CompanyEnergy
SRLPSprague Resources LPEnergy
SRCISRC Energy IncEnergy
GASSStealthGas Inc.Energy
SUBCYSubsea 7 SAEnergy
SMLPSummit Midstream Partners LPEnergy
SXCSunCoke Energy, Inc.Energy
SUSuncor Energy Inc.Energy
SNDESundance Energy Australia Ltd