Globus Medical's 15min chart triggered KDJ Death Cross, Bearish Marubozu

Based on the 15-minute chart of Globus Medical, a KDJ Death Cross and a Bearish Marubozu have been triggered as of August 25, 2022, at 11:45. This indicates a shift in momentum towards the downside, with potential for further decreases in the stock price. Sellers currently dominate the market, and there is a likelihood of continued bearish momentum.

In the second quarter of 2025, the Macquarie Small Cap Value Fund (Fund) outperformed its benchmark, the Russell 2000® Value Index, which advanced by 4.97% [1]. The Fund's performance was driven by a combination of stock selection and sector positioning, with notable contributions from the industrials and technology sectors.

The Russell 2000® Value Index saw mixed sector performance, with seven of 11 sectors advancing. Lower-quality stocks and higher beta companies outperformed lower beta companies, with technology, materials, industrials, and consumer discretionary sectors showing strong gains. Conversely, consumer staples, real estate investment trusts (REITs), and utilities declined, while the energy sector suffered due to falling West Texas Intermediate (WTI) crude oil prices [1].

The Fund's holdings in the industrials and technology sectors contributed significantly to its outperformance. For instance, Leonardo DRS Inc. (DRS) and Everus Construction Group Inc. (ECG) reported strong customer demand and robust financial performance, driving their stock prices higher [1]. Additionally, TTM Technologies Inc. (TTMI) benefited from increased defense spending, particularly for advanced printed circuit boards (PCB) used in artificial intelligence (AI) computing and radar systems [1].

However, stock selection detracted in the materials, consumer discretionary, and REIT sectors. Independence Realty Trust Inc. (IRT) underperformed due to concerns about the 2025 leasing season, particularly in cities with new development surges during the pandemic [1]. In the consumer staples sector, J&J Snack Foods Corp. (JJSF) reported weaker-than-expected earnings, driven by softer sales in movie theaters and higher commodity costs [1].

The Fund ended the quarter with overweight allocations to industrials, materials, and transportation sectors, reflecting its focus on attractive valuations and strong free cash flow generation. It exited several holdings, including Berry Global Group Inc. and Beacon Roofing Supply Inc., and added industrial machinery company Gates Industrial Corporation plc (GTES) and research and consulting services company Huron Consulting Group Inc. (HURN) [1].

Looking ahead, small cap valuations remain attractive relative to large cap valuations, and the Russell 2000 Value Index has the lowest price-to-earnings (P/E) ratio of any domestic benchmark. The Fund continues to focus on investing in companies with strong balance sheets, cash flow generation, and favorable long-term prospects.

References:
[1] https://seekingalpha.com/article/4814736-macquarie-small-cap-value-fund-q2-2025-commentary