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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • Standard Pacific Report, And Industrial Products Sector Stocks

    VALUATION WARNING: Our Valuation WARNING is back ON. Overvalued stocks now make up 66% of our stocks assigned a valuation and 22.69% of those equities are calculated to be overvalued by 20% or more. ALL sectors are calculated to be overvalued--four by double digits.

    ValuEngine Index Overview

     

     

     

     

     

    IndexWeek OpenFriday AMChange% ChangeYTD
    DJIA16557.2716649.392.030.56%0.44%
    NASDAQ4387.38445062.621.43%6.55%
    RUSSELL 20001136.481148.8312.351.09%-1.27%
    S&P 5001933.431948.9315.50.80%5.44%

     

    ValuEngine Market Overview

     

     


     

    Summary of VE Stock Universe
    Stocks Undervalued34%
    Stocks Overvalued66%
    Stocks Undervalued by 20%9.93%
    Stocks Overvalued by 20%22.69%
    ValuEngine Sector Overview

     
















    SectorChangeMTDYTDValuationLast 12-MReturnP/E Ratio
    Consumer Staples0.33%1.70%5.39%13.33% overvalued12.42%24.62
    Computer and Technology-0.04%0.52%3.19%12.88% overvalued11.96%32.50
    Multi-Sector Conglomerates0.17%0.81%3.72%11.85% overvalued12.20%23.23
    Transportation0.46%1.51%6.17%11.70% overvalued26.63%21.63
    Medical0.54%1.10%8.08%9.70% overvalued23.19%28.97
    Oils-Energy-0.20%0.44%13.13%9.66% overvalued17.96%28.00
    Aerospace-0.14%1.17%-1.56%9.23% overvalued26.31%19.38
    Auto-Tires-Trucks0.20%1.06%3.52%8.53% overvalued14.56%16.97
    Consumer Discretionary0.50%1.48%-0.13%8.37% overvalued11.07%26.66
    Finance0.24%1.20%3.14%8.27% overvalued9.04%18.00
    Industrial Products0.12%0.47%-0.54%7.40% overvalued12.09%22.42
    Business Services-0.00%1.04%0.35%6.95% overvalued16.00%25.17
    Retail-Wholesale0.52%1.31%-4.10%5.75% overvalued0.80%24.41
    Basic Materials-0.36%0.74%8.69%5.60% overvalued8.45%27.60
    Utilities0.42%0.10%6.76%5.55% overvalued11.36%20.92
    Construction0.83%2.96%1.64%3.42% overvalued12.09%25.60

    Free Download for Readers

    As a bonus to our Free Weekly Newsletter subscribers,
    we are offering a FREE DOWNLOAD of one of our Stock Reports

    STANDARD PACIFIC CORP. operates primarily as a geographically diversified builder of medium-priced single-family homes with a majority of its operations in California. In addition, Co. assists homebuyers in obtaining financing for home purchases through Standard Pacific Savings. Co. is also engaged in the manufacture and marketing of moveable and acoustical office partitions and office furniture. .

    ValuEngine updated its recommendation from BUY to STRONG BUY for STANDARD PAC on 2014-08-14. Based on the information we have gathered and our resulting research, we feel that STANDARD PAC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Company Size.

    As a bonus to our Newsletter readers,
    we are offering a FREE DOWNLOAD of one of our Stock Reports

    Read our Complete Detailed Valuation Report on Standard Pacific HERE.

    Sector Talk--Industrial Products

    Below, we present the latest data on Industrial Products stocks from our Institutional software package (Pending:VEI). Top five lists are provided for each category. We applied some basic liquidity criteria--share price greater than $3 and average daily volume in excess of 100k shares.

    Please Click Here to Download a FREE Demo of ValuEngine's Professional VEI Software Package.

    Top-Five Industrial Products Stocks--Short-Term Forecast Returns

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    PKGPACKAGING CORP65.59-15.0519.62
    ACCOACCO BRANDS CP7-9.18-1.82
    DEDEERE & CO84.89-4.123.1
    MNTXMANITEX INT INC12.05-2.9615.98
    ENSENERSYS INC61.77-1.516.39

    Top-Five Industrial Products Stocks--Long-Term Forecast Returns

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    PKGPACKAGING CORP65.59-15.0519.62
    ACCOACCO BRANDS CP7-9.18-1.82
    DEDEERE & CO84.89-4.123.1
    MNTXMANITEX INT INC12.05-2.9615.98
    ENSENERSYS INC61.77-1.516.39

    Top-Five Industrial Products Stocks--Composite Score

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    PKGPACKAGING CORP65.59-15.0519.62
    DEDEERE & CO84.89-4.123.1
    ENSENERSYS INC61.77-1.516.39
    AOSSMITH (AO) CORP48.35-13.2614.3
    TTEKTETRA TECH NEW25.35-4.2711.23

    Top-Five Industrial Products Stocks--Most Overvalued

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    PLUGPLUG POWER INC6.1188.231426.25
    NORNORANDA ALUMINM4.660.9746.03
    NPOENPRO INDUS INC66.3660.6912.74
    HOLIHOLLYSYS AUTOMT22.9248.3467.79
    JBTJOHN BEAN TECH28.5539.1727.28

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Aug 18 11:51 AM | Link | Comment!
  • Valuation Warning Is OFF
    --Overvaluation Drops To Lowest Levels Since May, 2013

    ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities. When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth if the market were totally rational and efficient--an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.

    We combine all of the equities with a valuation calculation to track market valuation figures and use them as a metric for making calls about the overall state of the market. Two factors can lower these figures-- a market pullback, or a significant rise in EPS estimates. Whenever we see overvaluation levels in excess of @ 65% for the overall universe and/or 27% for the overvalued by 20% or more categories, we issue a valuation warning. We issued our latest valuation warning on May 8th, 2013. At that time, the S&P was at 1625.

    We now calculate that 64.13% of stocks are overvalued and 21.27% of those stocks are overvalued by 20% or more. The recent market pull back-- combined with changes in earnings and stock prices-- have resulted in figures that are now the lowest recorded since our current Valuation Warning began.

    With these sorts of numbers, we no longer have a "Valuation Warning." We now operate under a "Valuation Watch." If the figures continue the decline, we will remove find ourselves back in "normal" range from a valuation perspective. This does not mean we have a "buy" signal yet, just that valuations have declined into a more "normal" range. We remain bullish overall for equities and the US economy. Overall news has been good, and we believe that the long Great Recession is finally behind us. We have seen a remarkable rally for equities since the early days of the Obama Administration. Think about that SP500 inter-day low of 666 on March 9, 2009! The market has tripled!

    But, once again economic events are eclipsed by foreign issues as the destabilization of the Middle East-- fostered in large part by the disastrous US invasion of Iraq-- continues to provide new challenges with few easy (or even apparent) solutions. Events in the Ukraine also provide a problematic scenario for investors. Underneath this global unrest we still find strong fundamentals, but every good rally comes to an end and investors remain skittish. We remain convinced that the US economy will get stronger, not weaker, but along with that conviction comes the uncertainty of how markets will react to Fed tapering.

    In any case, we now have a Valuation Watch.

    Subscribers Get FULL ACCESS to our Market and Sector Overviews

    The chart below tracks the valuation metrics from January 2014.

    (click to enlarge)

    This chart shows overall universe over valuation in excess of 65% vs the S&P 500 from January 2013

    (click to enlarge)

    This chart shows overall universe under and over valuation in excess of 50% vs the S&P 500 from March 2007*

    (click to enlarge)

    *NOTE: Time Scale Compressed Prior to 2011.

    In addition to the overall valuation metrics, we see that on a sector basis the declines in overvaluation have also relived some pressure. While ALL sectors remain overvalued according to our Valuation Model, only two of them--barely-- remain calculated to be overvalued by double digits.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: valuation
    Aug 11 11:41 AM | Link | Comment!
  • Bad News For McDonald's?, Energy Stocks, And More From ValuEngine.com

    VALUATION WATCH: Our Valuation WARNING is OFF. Overvalued stocks now make up 61.53% of our stocks assigned a valuation and 19.82% of those equities are calculated to be overvalued by 20% or more. ALL sectors are calculated to be overvalued--three by double digits.

    ValuEngine Index Overview

     

     

     

     

     

    IndexWeek OpenFriday PMChange% ChangeYTD
    DJIA16493.7216389.6-104.12-0.63%-1.13%
    NASDAQ4365.624334.53-31.09-0.71%3.78%
    RUSSELL 20001118.461123.14.640.41%-3.48%
    S&P 5001926.621911.86-14.76-0.77%3.44%

     

    ValuEngine Market Overview

     

     


     

    Summary of VE Stock Universe
    Stocks Undervalued38.47%
    Stocks Overvalued61.53%
    Stocks Undervalued by 20%10.56%
    Stocks Overvalued by 20%19.82%
    ValuEngine Sector Overview

     
















    SectorChangeMTDYTDValuationLast 12-MReturnP/E Ratio
    Consumer Staples-0.43%0.48%3.92%11.63% overvalued12.63%24.92
    Multi-Sector Conglomerates-0.20%-0.79%2.11%10.88% overvalued11.80%20.20
    Computer and Technology-0.62%-0.94%1.80%10.06% overvalued10.84%31.97
    Transportation-0.50%-1.30%3.21%9.82% overvalued23.37%20.92
    Consumer Discretionary-0.68%-0.82%-2.32%8.47% overvalued13.10%27.59
    Finance-0.24%-0.33%1.71%7.12% overvalued8.68%17.73
    Auto-Tires-Trucks-0.61%-1.37%0.94%7.01% overvalued14.28%19.45
    Oils-Energy-0.30%-0.94%11.20%6.94% overvalued15.93%28.60
    Medical-1.00%-1.23%5.79%6.92% overvalued21.67%27.90
    Aerospace-0.31%-1.17%-3.97%6.21% overvalued23.71%18.52
    Business Services-0.40%-0.53%-0.82%6.17% overvalued15.62%24.72
    Basic Materials-0.66%-0.84%6.84%5.75% overvalued13.37%26.21
    Industrial Products-0.38%-0.60%-1.69%5.30% overvalued11.91%22.71
    Retail-Wholesale-0.49%-0.12%-5.51%4.54% overvalued0.50%24.38
    Utilities-0.33%-1.65%5.16%4.31% overvalued11.10%21.33
    Construction-0.78%0.35%-0.90%1.84% overvalued12.47%24.76

    ValuEngine Newsletters Latest Results

     

     

     

     

     

    VE NewsletterCurrent ResultsS&P 500Last Month TotalS&P 500Since InceptionS&P 500
    Forecast MNS-3.22-2.696.581.8398.61116.00
    Dividend Stock-4.56-3.192.891.0725.2727.78
    Small Cap Stock-0.26-2.71-2.070.7229.0942.31
    View-3.13-3.102.182.04124.4574.98

    ValuEngine's Newsletters Beat the Market

    With our Investment Newsletters, Subscribers Harness the Power of all of ValuEngine.com's Extensively Tracked and Tested Portfolio Strategies in an Easy to Follow Format.

    Let ValuEngine Optimize your Portfolio and Provide Rational Advice for Smarter Investing

    Click HERE to Check Out ValuEngine's Investment Newsletters

    Free Download for Readers

    As a bonus to our Free Weekly Newsletter subscribers,
    we are offering a FREE DOWNLOAD of one of our Stock Reports

    McDonald's Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or, under the terms of franchise arrangements, by franchisees who are independent third parties, or by affiliates operating under joint-venture agreements between the company and local business people.

    ValuEngine continues its HOLD recommendation on MCDONALDS CORP for 2014-08-07. Based on the information we have gathered and our resulting research, we feel that MCDONALDS CORP has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Company Size but UNATTRACTIVE Book Market Ratio.

    As a bonus to our Newsletter readers,
    we are offering a FREE DOWNLOAD of one of our Stock Reports

    Read our Complete Detailed Valuation Report on McDonald's HERE.

    Sector Talk--Oils/Energy

    Below, we present the latest data on Oils/Energy stocks from our Institutional software package (Pending:VEI). Top five lists are provided for each category. We applied some basic liquidity criteria--share price greater than $3 and average daily volume in excess of 100k shares.

    Please Click Here to Download a FREE Demo of ValuEngine's Professional VEI Software Package.

    Top-Five Oils/Energy Stocks--Short-Term Forecast Returns

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    TSLTRINA SOLAR LTD11.7-26.7577.27
    CSIQCANADIAN SOLAR25.73-20.1679.8
    PQPETROQUEST ENGY5.59-23.9227.05
    UPLULTRA PETRO CP23.04-46.885.11
    AXASABRAXAS PETE/NV4.96-22.7899.2

    Top-Five Oils/Energy Stocks--Long-Term Forecast Returns

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    TSLTRINA SOLAR LTD11.7-26.7577.27
    CSIQCANADIAN SOLAR25.73-20.1679.8
    PQPETROQUEST ENGY5.59-23.9227.05
    UPLULTRA PETRO CP23.04-46.885.11
    AXASABRAXAS PETE/NV4.96-22.7899.2

    Top-Five Oils/Energy Stocks--Composite Score

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    CSIQCANADIAN SOLAR25.73-20.1679.8
    TSLTRINA SOLAR LTD11.7-26.7577.27
    ECAENCANA CORP21.3-26.8422.84
    SMSM ENERGY CO79.07-11.4815.53
    UPLULTRA PETRO CP23.04-46.885.11

    Top-Five Oils/Energy Stocks--Most Overvalued

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    POWRPOWERSECURE INT10.83300-32.19
    MDRMCDERMOTT INTL7.26251.267.88
    LNGCHENIERE ENERGY70.47132.44149.45
    FSLRFIRST SOLAR INC68.1781.9368.45
    WMBWILLIAMS COS54.3767.851.7

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Aug 08 12:17 PM | Link | Comment!
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