Conversations with Jaguars – January 5 ($MELI, $PAGS, $RNLX, $SWK, $CE, $BXP, $ESS)

Lots of discussion today. BAML is raising PT in $MELI to street high and channel checks for $PAGS are coming in very strong, both should be on your radar to get long as this market corrects. $RNLX could get a big boost after it announced partnership with $DVA today, the largest operator of kidney dialysis centers in the US. Very interesting out-of-box discussion about $SWK which is pulling back to support while estimates are going higher. Reiterating bull case for specialty chemical $CE which is likely to post improving margins and resulting FCF. Lastly, yesterday was a terrible day for REITs so we are reiterating the bearish case for $BXP and $ESS with added fundamental and technical color.