CATALYST DOSSIER · UPDATED 2026-11-06
$NG
materials · convergence -13 · conviction AVOID
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Why $NG?
Quantitative
Net Income (CY2026Q2) : $-25.5M (+53.0% YoY)
Catalysts
Multi-spoke convergence : 10 convergent signals fired: sc13d, xbrl_ni, congress, m_proxy, audit_extras
Risks
Position-sizing discipline : Conviction AVOID (-13 score) — size accordingly; no specific catalyst-fade risk flagged
Bear case
Multiple compression : If breadth deteriorates, materials-wide multiples re-rate lower regardless of pick-specific thesis
Sympathy basket (cerebro)
VST via utilities r=+0.98 sympathetic (score 10)
NRG via utilities r=+0.98 sympathetic (score -1)
TILE via consumer r=+0.97 sympathetic (score 20)
ATMU via consumer r=+0.97 sympathetic (score 15)
HUM via financials r=+0.96 sympathetic (score 24)
ACRE via financials r=+0.96 sympathetic (score 18)
Signals Firing
sc13d xbrl_ni congress m_proxy audit_extras auto_macro_adp_payrolls auto_macro_bls_employment auto_macro_durable_goods auto_macro_fx_rates auto_macro_yield_curve
Pick Track Record Date List Next-day max run Next-day close Hit +2%? 2026-10-29 sec_top_gappers -3.7% -5.8% — 2026-10-29 sec_top_moat_emerging -3.7% -5.8% — 2026-10-28 sec_top_gappers +0.3% -1.4% — 2026-10-28 sec_top_moat_emerging +0.3% -1.4% — 2026-10-27 sec_top_gappers -0.2% -1.3% — 2026-10-27 sec_top_moat_emerging -0.2% -1.3% — 2026-10-26 sec_top_gappers +6.4% +6.0% ✓ hit 2026-10-26 sec_top_moat_emerging +6.4% +6.0% ✓ hit 2026-10-23 sec_top_gappers +1.5% -0.5% — 2026-10-23 sec_top_moat_emerging +1.5% -0.5% — 2026-10-22 sec_top_gappers +0.0% -3.7% — 2026-10-22 sec_top_moat_emerging +0.0% -3.7% —
Lifetime: 10/39 wins · hit-rate 25.6% on +2% intraday
Sympathy Basket VST via utilities · score 10 NRG via utilities · score -1 TILE via consumer · score 20 ATMU via consumer · score 15 HUM via financials · score 24 ACRE via financials · score 18
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Auto-generated from public filings + tier-1 wires. Catalyst Edge publishes its picks
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