Enovis Corporation (ENOV) β€” RQD Stock Rating Cockpit

$19.91 -12.71% NYSE β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $19.42

Enovis Corporation (ENOV) carries a Roarable Rating of D (Sell) with 44/100 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 D β€’ SELL / AVOID Cap $1.32B
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 ENOV Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is ENOV stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-02, Enovis Corporation (NYSE: ENOV) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $19.91 (-12.71% 1D, market cap $1.32B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 6/20, and SEC Balance-Sheet Forensics 8/20. Across 1016 tracked Health Care issuers, ENOV ranks #429 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 ENOV compare to CDRE and ESTA in the Health Care sector?
β–Ό

Within the Health Care sector (Industrial Specialties), ENOV carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of 59.8%, and ROIC of -32.7%. By comparison, CDRE (Cadre Holdings Inc.) holds a C grade (62/100 RQD, P/E 30.2x, ROIC 11.0%, cap $1.33B) and ESTA (Establishment Labs Holdings Inc.) posts a E grade (30/100 RQD, P/E N/A, ROIC -15.8%, cap $2.04B). Among the 5-stock peer group, SMTI leads on earnings multiple (8.1x) while SMTI leads on capital efficiency (16.3% 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 ENOV?
β–Ό

Per ENOV's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001420800), Enovis Corporation generated $2.25B in revenue (+6.7% YoY), -$1.18B in net income, and $19.9M in free cash flow against $3.83B in total assets and $1.26B in total debt. Key quantitative strengths: Established market leader in Health Care 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: $19.42 (-2.48%)🧬 Disciplined Float (+1.08% YoY Shares)βš™οΈ Cash Engine: 8/20 (D-) β€’ 0.9% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record Warning: Scores below 50 (44/100 Β· D) historically underperformed SPY in 71% of rolling 90-day windows (-6.5% avg 90D alpha vs SPY β€’ 29.0% hit rate).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERSELL / AVOID β€’ D
025507510044
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 D Β· Rk D-
Cash (8)Whales (12)SEC (10)Macro (6)CEO (8)
Each axis scored 0–20
12M PRICE TARGET CONE-6.3% Base Target
$34 Bull$19 Base$15 Bear
πŸ“¬ FREE ENOV RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for ENOV)Realized 20D OHLCV Swing Band: Β±10.4%
Deterministic 5-Pillar Attribution (44/100 Composite)
πŸ” WHY ENOV SCORES 44/100 (D) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: Whale & Options Positioning+12/20 pts (27% of score)

20D Institutional Volume Accumulation (Β±10.4% realized swing band)

β–² #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (23% of score)

Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) β€’ Piotroski F-Score 7/9

β–Ό #1 Drag / Risk Factor: Macro Regime Fit6/20 pts (-14 pt drag)

Macro rate sensitivity & RSI-14 (61.3) create a -14 pt regime headwind

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
36
Grade E$18.25+8.9% Next Q
Q2 (-2Q)
39
Grade E$19.87+6.5% Next Q
Q3 (-1Q)
41
Grade D$21.16-5.9% Next Q
Current
44
Grade D$19.91-6.5% Hist 90D Ξ±
Trajectory: E (36) β†’ D (44)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 ENOV Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While ENOV currently carries a cautious 44/100 (D) rating due to Macro Regime Fit (6/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Established market leader in Health Care with deep daily trading liquidity.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($19.94) and Max Pain ($20.91) forces dealer call-delta covering toward $34.03.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+1.08% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ENOVβ€’ $2.4M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œENOV Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
RSI-14 MOMENTUMBULLISH MOMENTUM
61.330 Oversold Β· 70 Hot
ALTMAN-Z SHIELDDISTRESS RISK (<1.8)
0.20>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
7 / 99-Pt Accounting
52-WEEK LASER RANGE20% OF RANGE
L: $17$19.91H: $32
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: D-RQD 8 / 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: DRQD 20 / 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: D-RQD 16 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

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

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (40)

-32.7% ROIC with 59.8% gross margin and 1.51% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (50)

Altman-Z 0.20 and Piotroski 7/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (43)

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

Bull Case: Why Buyers Like ENOV
  • βœ“Established market leader in Health Care 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 ENOV)

  • βœ“Walkthrough of ENOV'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
Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?
ENOV // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -14.70%β–Ό DESCENDING CHANNEL
2026-11-02O $21.91H $22.81L $19.91C $19.91VOL 1.30M
RES: $22.66SUP: $16.11SMA50: $19.94SMA200: $23.07
$32.72$28.38$24.04$19.69$15.35RES $22.66SUP $16.11$19.912026-05-042026-06-172026-08-042026-09-172026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ENOV 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. +6.7% 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 ENOV today. View full Setup Ledger β†’

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

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

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for ENOV 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 (ENOV)

1. Head-to-Head Health Care Peer Comparison (ENOV vs. CDRE, ESTA, AVR, SMTI)

Industry: Industrial Specialties (55 Tracked Issuers)

Across 1016 tracked Health Care securities in the Roarable RQD universe, Enovis Corporation (ENOV) ranks #429 by composite RQD confidence (44/100, grade D) and #326 by equity capitalization ($1.32B). Within this direct 5-issuer industry benchmark cohort, SMTI leads on earnings valuation at 8.1x trailing P/E, while SMTI leads on capital efficiency and profitability with 16.3% ROIC and 92.7% gross margin. CDRE currently holds the highest overall quantitative score in the immediate peer group at 62/100 (C) compared with ENOV at 44/100 (D).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
ENOV ACTIVE
Enovis Corporation
D 44/100 β€” 59.8% -32.7% -12.71% $1.32B Benchmark Subject
CDRE
Cadre Holdings Inc.
C 62/100 30.2x 42.5% 11.0% -2.38% $1.33B /cdre-vs-enov β†’
ESTA
Establishment Labs Holdings Inc.
E 30/100 β€” 69.3% -15.8% -8.70% $2.04B /esta-vs-enov β†’
AVR
Anteris Technologies Global Corp.
E 23/100 β€” 70.3% -35.0% -1.71% $625.9M /avr-vs-enov β†’
SMTI
Sanara MedTech Inc.
D+ 55/100 8.1x 92.7% 16.3% -0.26% $302.4M /smti-vs-enov 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 0001420800

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Enovis Corporation (ENOV) reported GAAP revenue of $2.25B (+6.7% vs. FY2024 revenue of $2.11B , and +31.7% cumulative change since FY2023) , GAAP net income of -$1.18B, operating cash flow of $217.3M, and free cash flow of $19.9M (+129.6% YoY). On the balance sheet, ENOV closed FY2025 with $3.83B in total assets against $1.26B in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $2.25B -$1.18B $217.3M $19.9M $3.83B $1.26B
FY2024 (FY) 2024-12-31 $2.11B -$825.5M $113.5M -$67.2M $4.72B $1.31B
FY2023 (FY) 2023-12-31 $1.71B -$33.3M $135.0M $135.0M β€” β€”

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

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

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

As of 2026-11-02, Enovis Corporation (NYSE: ENOV) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $19.91 (-12.71% 1D, market cap $1.32B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 6/20, and SEC Balance-Sheet Forensics 8/20. Across 1016 tracked Health Care issuers, ENOV ranks #429 in composite RQD confidence.

How does ENOV compare to CDRE and ESTA in the Health Care sector?

Within the Health Care sector (Industrial Specialties), ENOV carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of 59.8%, and ROIC of -32.7%. By comparison, CDRE (Cadre Holdings Inc.) holds a C grade (62/100 RQD, P/E 30.2x, ROIC 11.0%, cap $1.33B) and ESTA (Establishment Labs Holdings Inc.) posts a E grade (30/100 RQD, P/E N/A, ROIC -15.8%, cap $2.04B). Among the 5-stock peer group, SMTI leads on earnings multiple (8.1x) while SMTI leads on capital efficiency (16.3% ROIC).

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

Per ENOV's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001420800), Enovis Corporation generated $2.25B in revenue (+6.7% YoY), -$1.18B in net income, and $19.9M in free cash flow against $3.83B in total assets and $1.26B in total debt. Key quantitative strengths: Established market leader in Health Care 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 ENOV trading relative to its 50-day, 200-day, and 52-week technical levels?

ENOV last traded at $19.91 (-12.71% on volume of 2,524,794 shares), positioning the stock -0.15% below its 50-day simple moving average ($19.94) and -13.70% below its 200-day simple moving average ($23.07). Across its 52-week range of $16.70 to $32.41, ENOV sits at the 20.4% percentile with a 14-day RSI of 61.3 (BULLISH MOMENTUM) and an implied next-earnings move of Β±10.4% ($17.84 to $21.98).

ENOV Investor FAQ & Complete 8-Part Research Index

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

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

Enovis Corporation (ENOV) currently earns a Roarable Rating of D (Sell β€” SELL) with 44/100 RQD Confidence. Stretched risk/reward at current multiples (-33% return on capital) under elevated 10-year interest-rate pressure.

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

ENOV's 12-month base price target is $18.66 (range $14.55 to $34.03), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

ROARABLE RATING BRIEF β€’ RQD 44/100 (D) βœ“ STAGE-C NUMBER FIREWALL VERIFIED

ENOV β€” Enovis Corporation: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:29:39Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, ENOV scores 44 out of 100, a D grade labeled "Roarable Sell β€” Underperform / Distribution Warning." The five pillars are: Fundamental Cash Engine at 8/20 (ROIC of -32.7% and FCF yield of 1.51%); Whale 13F Flow at 12/20 (institutional accumulation and options positioning); Insider Conviction at 8/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 6/20 (beta of 1.0 and sector sensitivity); and Forensic Balance Sheet at 10/20 (Altman Z of 0.2, Piotroski F of 7/9, Debt/Equity of 0.85).

For a prospective investor, the weakest pillars are the cash engine and insider conviction, while institutional positioning is the relative bright spot. The low ROIC and Altman Z-Score point to a business that has not yet converted capital into returns and sits in a financially stressed zone. The Piotroski score of 7/9 suggests some internal financial-quality signals remain intact, which partially offsets the distress readings. Any upside case would depend on a turnaround in operating profitability that the source data does not yet show. Valuation tradeoffs are difficult to assess because P/E and EV/EBITDA are not available in source data, and with negative operating margins, earnings-based valuation is not meaningful from the figures provided.

Business

Enovis Corporation is listed on the NYSE and classified under the Health Care sector, within the Industrial Specialties industry, per the source profile. The source data does not describe its products, customers, or revenue model. Per the market data, the company reports a gross margin of 59.8%, but the source does not explain the underlying business activities that generate it.

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$2248.0M$-1124.2M$-1184.4MN/A$19.9M$36.4M$1261.8M
FY 2024$2107.6M$-775.7M$-825.5MN/A$-67.2M$48.2M$1309.5M
FY 2023$1707.2M$-65.7M$-33.3MN/A$135.0MN/AN/A

Per the SEC financials, revenue rose from $1707.2M in FY 2023 to $2248.0M in FY 2025, while operating losses widened from $-65.7M to $-1124.2M over the same span. Market data reports an operating margin of -50% and a net margin of -52.7%. Per the Roarable RQD rating, ROIC is -32.7%, the Altman Z-Score is 0.2, and the Piotroski F-Score is 7/9. Debt/Equity is 0.85 per the same rating, and cash of $36.4M sits against debt of $1261.8M in FY 2025.

Recent Catalysts & News Wire Analysis

Per the recent news feed, there are five items tied to ENOV. Two are flagged RED under the RISK WATCH label: a Investing.com item headlined that UBS cut its price target on the acquisition impact, and a Stock Traders Daily item on risk zones. The remaining three are flagged YELLOW under MARKET WIRE, covering a general Yahoo Finance Singapore stock page, a TradingView estimates page, and a Seeking Alpha piece headlined that the stock screens cheap but faces a continued M&A overhang. A further Yahoo Finance item covers stock forecasts. The feed summaries are generic and do not provide detail beyond headlines. The butterfly supply-chain graph reports no supply chain and no proprietary signals.

Open Questions

  • What products and services generate the $2248.0M in FY 2025 revenue, and what drove the operating loss?
  • What acquisition is referenced in the UBS price target cut and the M&A overhang headlines, and how is it financed?
  • What are the EPS, P/E, and EV/EBITDA figures, given that these are absent from the source data?
  • How does the company plan to cover $1261.8M of debt against $36.4M of cash, and what is the maturity profile?
  • What institutional, insider, and analyst positioning exists beyond the aggregate pillar scores?

ENOV Live News Feed, Press Releases & Catalyst Wire

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

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

ENOV Bull vs. Bear Conversation Board β€” What's Your Call at $19.91?

πŸ‚ 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON ENOV 🐻 67% BEARISH CONVICTION
1. Pick Your Side on ENOV:
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: $20.07 (-12.0%)
πŸ“Œ Pinned Debate

πŸ”₯ Official Bull vs. Bear Debate: Is ENOV (D β€’ RQD 44/100) a Buy at $22.81?

Welcome to the ENOV (Enovis Corporation) Roar Pit. Current RQD Composite is 44/100 (Roarable Sell β€” Underperform / Distribution Warning) in Industrial Specialties. 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.

SH ShortSeller_Dan Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $17.56 (-23.0%)
Spot @ $22.81

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

Everyone in here is repeating the bull case on ENOV, but look at what you are paying: current EV/EBITDA multiples with 59.8% gross margins. Unless Enovis 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.

DE DeltaGamma_99 Verified K Arena Trader πŸ‚ BULLISH 🎯 Target: $27.60 (+21.0%)
Spot @ $22.81

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

Looking at the 5-pillar RQD breakdown on ENOV, the market is fixating on short-term headline noise in Industrial Specialties and ignoring the balance sheet and cash flow trajectory. At $22.81 (52-wk range $16.70 - $32.41), any beat on forward guidance forces shorts and underweight funds to chase.

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