- 3D Systems (DDD +3.3%), Stratasys (SSYS +4.6%), ExOne (XONE +7.3%), and Voxeljet (VJET +8%) are among the tech standouts on a day the Nasdaq is up 0.7%, and the S&P 0.9%. Given still-high short interests, end-of-year short-covering is likely helping.
- The group is nearing the end of a brutal 2015. YTD performances: DDD -68%. SSYS -68%. XONE -27%. VJET -38%. 3D Systems, Stratasys, ExOne, and Voxeljet now respectively trade for 1.8x, 1.9x, 3.4x, and 2.8x their 2016 sales consensus estimates.
- 3D and Stratasys rallied last week after 3D caught an upgrade to Overweight from Stephens, which reported checks pointed to subdued but not terminal demand.