What you will see below:
A update on sell-side analyst extremes, both crowded bulls and crowded bearish extremes.
Estimates are crowded and bullish for Refiners, Recreational Products, Apparel & Footwear manufacturing and retail and HR Services. They are too crowded and "washed out" for Forest Products, Containers, Building Products, Restaurants and Hospital & Nursing Management.
Oilfield Services, Air Freight and Specialty Stores saw new estimate cuts. Cyclical/industrial groups’ estimates are bifurcating into strengthening (Process Industries/Chemicals/Paper) and weakening (Aluminum/Auto Parts, Industrial Services) groups. Trucking and Household and Personal Care estimates are in accelerating downtrends.
See PDF below for discussion and charts on both directions of extremes.
