CVD Equipment Corporation (CVV) β€” RQD Stock Rating Cockpit

$3.92 -3.09% NASDAQ β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $3.89

CVD Equipment Corporation (CVV) carries a Roarable Rating of E (Strong Sell) with 24/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E β€’ RED ALERT Cap $28.1M
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚑ INSTANT AI QUANT PREVIEW β€’ $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on CVV Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is CVV stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-02, CVD Equipment Corporation (NASDAQ: CVV) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 24/100 at a spot price of $3.92 (-3.09% 1D, market cap $28.1M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 9/20, FRED Macro Regime Fit 4/20, and SEC Balance-Sheet Forensics 3/20. Across 714 tracked Technology issuers, CVV ranks #677 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does CVV compare to NSYS and MVIS in the Technology sector?
β–Ό

Within the Technology sector (Industrial Machinery/Components), CVV carries a Roarable E (24/100 RQD), trailing P/E of N/A, gross margin of 28.3%, and ROIC of -9.4%. By comparison, NSYS (Nortech Systems Incorporated) holds a D grade (48/100 RQD, P/E N/A, ROIC 2.3%, cap $31.2M) and MVIS (MicroVision Inc.) posts a E grade (27/100 RQD, P/E N/A, ROIC -35.0%, cap $43.4M). Among the 5-stock peer group, CVV leads on earnings multiple (N/A) while NSYS leads on capital efficiency (2.3% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CVV?
β–Ό

Per CVV's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000766792), CVD Equipment Corporation generated $25.8M in revenue (-4.1% YoY), -$1.6M in net income, and -$3.7M in free cash flow against $27.5M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists β€” not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $3.89 (-0.75%)🧬 Dilution Drag (+2.48% YoY Shares)βš™οΈ Cash Engine: 5/20 (E) β€’ 0% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record Warning: Scores below 50 (24/100 Β· E) historically underperformed SPY in 71% of rolling 90-day windows (-10.9% avg 90D alpha vs SPY β€’ 29.0% hit rate).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERRED ALERT β€’ E
025507510024
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E Β· Rk E
Cash (5)Whales (3)SEC (9)Macro (4)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-15.3% Base Target
$10 Bull$3 Base$3 Bear
πŸ“¬ FREE CVV RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for CVV)Realized 20D OHLCV Swing Band: Β±10.7%
Deterministic 5-Pillar Attribution (24/100 Composite)
πŸ” WHY CVV SCORES 24/100 (E) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: SEC 10-K Forensic Risk+9/20 pts (38% of score)

Altman Z-Score 7.07 (FORTRESS SAFE (>3.0)) β€’ Piotroski F-Score 3/9

β–² #2 Bullish Driver: Cash Engine Quality+5/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 28.3% Gross Margin

β–Ό #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
32
Grade E$4.08-9.3% Next Q
Q2 (-2Q)
29
Grade E$3.70+5.7% Next Q
Q3 (-1Q)
27
Grade E$3.91+0.3% Next Q
Current
24
Grade E$3.92-10.9% Hist 90D Ξ±
Trajectory: E (32) β†’ E (24)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a CVV Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While CVV currently carries a cautious 24/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.87) and Max Pain ($4.12) forces dealer call-delta covering toward $9.55.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CVVβ€’ $4.8M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œCVV Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
RSI-14 MOMENTUMNEUTRAL RANGE
42.930 Oversold Β· 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
7.07>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
3 / 99-Pt Accounting
52-WEEK LASER RANGE16% OF RANGE
L: $3$3.92H: $9
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 5 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 6 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: ERQD 13 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

3-of-3 JEV AI Jury Bearish Warning on CVV

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (25)

-9.4% ROIC with 28.3% gross margin and -13.27% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (45)

Altman-Z 7.07 and Piotroski 3/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (18)

6/40 institutional & smart-money positioning score with 4/20 macro alignment.

Bull Case: Why Buyers Like CVV
  • βœ“Established market leader in Technology with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP β€’ SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring CVV)

  • βœ“Walkthrough of CVV's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • βœ“Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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CVV // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -46.88%πŸ“ HORIZONTAL RANGE
2026-11-02O $4.14H $4.14L $3.92C $3.92VOL 59.1K
RES: $10.74SUP: $2.84SMA50: $4.87SMA200: $5.58
$9.48$7.90$6.32$4.73$3.15RES $10.74SUP $2.84$3.922026-05-042026-06-172026-08-042026-09-172026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CVV Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
8.0%/yr Implied 5Y Growth

vs. -4.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on CVV today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for CVV. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for CVV today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CVV)

1. Head-to-Head Technology Peer Comparison (CVV vs. NSYS, MVIS, ZOOZ, TRT)

Industry: Industrial Machinery/Components (208 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, CVD Equipment Corporation (CVV) ranks #677 by composite RQD confidence (24/100, grade E) and #596 by equity capitalization ($28.1M). Within this direct 5-issuer industry benchmark cohort, CVV leads on earnings valuation at N/A trailing P/E, while NSYS leads on capital efficiency and profitability with 2.3% ROIC and 15.2% gross margin. NSYS currently holds the highest overall quantitative score in the immediate peer group at 48/100 (D) compared with CVV at 24/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
CVV ACTIVE
CVD Equipment Corporation
E 24/100 β€” 28.3% -9.4% -3.09% $28.1M Benchmark Subject
NSYS
Nortech Systems Incorporated
D 48/100 β€” 15.2% 2.3% -5.02% $31.2M /nsys-vs-cvv β†’
MVIS
MicroVision Inc.
E 27/100 β€” -30.0% -35.0% -6.25% $43.4M /mvis-vs-cvv β†’
ZOOZ
ZOOZ Strategy Ltd.
E 29/100 β€” -30.0% -35.0% -2.49% $48.2M /zooz-vs-cvv β†’
TRT
Trio-Tech International
E 28/100 β€” 25.1% 1.0% -11.77% $57.3M /trt-vs-cvv β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-31 β€’ CIK 0000766792

In its most recent audited fiscal period (FY2025, filed 2025-12-31), CVD Equipment Corporation (CVV) reported GAAP revenue of $25.8M (-4.1% vs. FY2024 revenue of $26.9M , and +7.0% cumulative change since FY2023) , GAAP net income of -$1.6M, operating cash flow of -$3.7M, and free cash flow of -$3.7M (-133.6% YoY). On the balance sheet, CVV closed FY2025 with $27.5M in total assets against $0 in total debt (Altman Z-Score: 7.07, Piotroski F-Score: 3/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $25.8M -$1.6M -$3.7M -$3.7M $27.5M β€”
FY2024 (FY) 2024-12-31 $26.9M -$1.9M -$1.5M -$1.6M $31.7M $181.0K
FY2023 (FY) 2023-12-31 $24.1M -$4.2M -$206.0K -$206.0K β€” β€”

3. CVV Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CVV stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-02, CVD Equipment Corporation (NASDAQ: CVV) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 24/100 at a spot price of $3.92 (-3.09% 1D, market cap $28.1M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 9/20, FRED Macro Regime Fit 4/20, and SEC Balance-Sheet Forensics 3/20. Across 714 tracked Technology issuers, CVV ranks #677 in composite RQD confidence.

How does CVV compare to NSYS and MVIS in the Technology sector?

Within the Technology sector (Industrial Machinery/Components), CVV carries a Roarable E (24/100 RQD), trailing P/E of N/A, gross margin of 28.3%, and ROIC of -9.4%. By comparison, NSYS (Nortech Systems Incorporated) holds a D grade (48/100 RQD, P/E N/A, ROIC 2.3%, cap $31.2M) and MVIS (MicroVision Inc.) posts a E grade (27/100 RQD, P/E N/A, ROIC -35.0%, cap $43.4M). Among the 5-stock peer group, CVV leads on earnings multiple (N/A) while NSYS leads on capital efficiency (2.3% ROIC).

What are the biggest fundamental strengths and SEC risk factors for CVV?

Per CVV's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000766792), CVD Equipment Corporation generated $25.8M in revenue (-4.1% YoY), -$1.6M in net income, and -$3.7M in free cash flow against $27.5M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is CVV trading relative to its 50-day, 200-day, and 52-week technical levels?

CVV last traded at $3.92 (-3.09% on volume of 105,234 shares), positioning the stock -19.51% below its 50-day simple moving average ($4.87) and -29.75% below its 200-day simple moving average ($5.58). Across its 52-week range of $2.96 to $9.10, CVV sits at the 15.6% percentile with a 14-day RSI of 42.9 (NEUTRAL RANGE) and an implied next-earnings move of Β±10.7% ($3.50 to $4.34).

CVV Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS β€’ SEC EDGAR Γ— CBOE Γ— FRED

Should I buy, hold, or sell CVV stock right now?

CVD Equipment Corporation (CVV) currently earns a Roarable Rating of E (Strong Sell β€” SELL) with 24/100 RQD Confidence. Stretched risk/reward at current multiples (-9% return on capital) under elevated 10-year interest-rate pressure.

What is CVV's 12-month price target and RQD AI Jury consensus?

CVV's 12-month base price target is $3.32 (range $2.59 to $9.55), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

ROARABLE RATING BRIEF β€’ RQD 24/100 (E) βœ“ STAGE-C NUMBER FIREWALL VERIFIED

CVV β€” CVD Equipment Corporation: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:49:01Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, CVV carries an RQD Score of 24 with a letter grade of E, labeled "Roarable Strong Sell β€” Forensic Risk / Avoid." The five pillars are scored as follows: Fundamental Cash Engine at 5 / 20 (ROIC -9.4%; FCF yield -13.27%), Whale 13F Flow at 3 / 20 (institutional accumulation and options positioning), Insider Conviction at 3 / 20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 4 / 20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 9 / 20 (Altman Z 7.07; Piotroski F 3/9; Debt/Equity 0.5).

For a prospective investor, the weakest pillars are the cash engine and the ownership-flow signals, both scored at or near the floor. A negative ROIC and negative free-cash-flow yield indicate the business is not currently converting capital into cash returns. The balance-sheet pillar is the strongest component, reflecting a high Altman Z-Score and moderate leverage, but a Piotroski F-Score of 3 out of 9 signals weak fundamental quality. Upside drivers would need to come from a reversal in operating profitability, which the source data does not show. Valuation cannot be framed against earnings because P/E and EPS are not available in source data. Overall, the rating points toward caution and avoidance rather than accumulation.

Business

Per the company profile, CVD Equipment Corporation is a NASDAQ-listed issuer in the Technology sector, operating within Industrial Machinery/Components. The profile does not describe its product lines, customer base, or revenue model. The source data reports revenue for FY 2023 through FY 2025 but does not break revenue down by segment or customer. Gross margin is reported at 28.3%.

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$25.8M$-1.9M$-1.6MN/A$-3.7M$8.7MN/A
FY 2024$26.9M$-2.4M$-1.9MN/A$-1.6M$12.6M$0.2M
FY 2023$24.1M$-4.9M$-4.2MN/A$-0.2MN/AN/A

Per the SEC financials, operating margin is -7.4% and net margin is -6.1%, with ROIC at -9.4%. Operating losses were reported in each of the three periods shown. Per the Roarable RQD rating, the Altman Z-Score is 7.07 and the Piotroski F-Score is 3 out of 9. Debt/Equity is 0.5 per the same rating, and cash declined from $12.6M in FY 2024 to $8.7M in FY 2025.

Recent Catalysts & News Wire Analysis

The news wire contains six items, all tagged to CVV and all carrying a YELLOW light and MARKET WIRE impact label. They are primarily stock-forecast, comparison, and seasonal-chart pieces: a StockInvest.us forecast question, a Yahoo Finance comparison with Hurco, a TradingView estimates page, a Yahoo! Finance Canada seasonal-returns chart, and two ad-hoc-news.de items. One ad-hoc-news.de item references a last price of USD 3.87 on October 16, down 3.49 percent, and another references a November 10 results date and a 2.79 P/E. These items do not contain verified fundamental catalysts. The Butterfly Supply-Chain Graph lists no supply-chain links and no proprietary signals.

Open Questions

  • What are CVD Equipment's product lines, end markets, and largest customers, given that the source data gives only sector and industry labels?
  • What is the company's debt level in dollar terms, since the FY 2025 and FY 2023 debt figures are reported as N/A?
  • What drove the operating losses across FY 2023 through FY 2025, and is there a disclosed path to operating breakeven?
  • What were reported EPS and cash-flow components, since EPS is N/A for every period and FY 2023 cash is N/A?
  • Are there any institutional, insider, or analyst holdings data points, given that holders and analyst data are both absent?

CVV Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for CVD Equipment Corporation (CVV) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to CVV Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CVV Bull vs. Bear Conversation Board β€” What's Your Call at $3.92?

πŸ‚ 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CVV 🐻 67% BEARISH CONVICTION
1. Pick Your Side on CVV:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $3.56 (-11.9%)
πŸ“Œ Pinned Debate

πŸ”₯ Official Bull vs. Bear Debate: Is CVV (E β€’ RQD 24/100) a Buy at $4.04?

Welcome to the CVV (CVD Equipment Corporation) Roar Pit. Current RQD Composite is 24/100 (Roarable Strong Sell β€” Forensic Risk / Avoid) in Industrial Machinery/Components. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (πŸ‚ Bull or 🐻 Bear) and drop your price target below.

VA ValDiscipline Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $3.23 (-20.0%)
Spot @ $4.04

Pump the brakes on CVV β€” check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on CVV, but look at what you are paying: current EV/EBITDA multiples with 28.3% gross margins. Unless CVD Equipment Corporation expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

AL AlphaFlow_Cap Verified K Arena Trader πŸ‚ BULLISH 🎯 Target: $4.97 (+23.0%)
Spot @ $4.04

CVV cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on CVV, the market is fixating on short-term headline noise in Industrial Machinery/Components and ignoring the balance sheet and cash flow trajectory. At $4.04 (52-wk range $2.96 - $9.10), any beat on forward guidance forces shorts and underweight funds to chase.

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