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Steve Hach
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Steve Hach is the Senior Editor at ValuEngine.com, a Melbourne, Florida-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 8000 US, Canadian, and other foreign stocks. Hach utilizes ValuEngine's complex... More
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  • Argentine Bank ADR BBVA Banco Frances Up Big On Political News

    VALUATION WATCH: Overvalued stocks now make up 57% of our stocks assigned a valuation and 20% of those equities are calculated to be overvalued by 20% or more. Twelve sectors are calculated to be overvalued--with three at or near double digits.

    --Green and In the Green

    Argentine Bank ADR BBVA Banco Frances Up Big on Political News

    BBVA Banco Frances del Rio de la Plata S.A. (NYSE:BFR) is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a subsidiary bank in the Cayman Islands.

    BFR was a selection for our ValuEngine Forecast 16 MNS Newsletter this month and it is up @25% since our latest 0.78rebalance--while the SP 500 Index is down @1%. We have had a BUY on this company for quite some time--check the chart below for the green areas. Our models made another savvy pick with this company. Other analysts have followed suit, with the company receiving several upgrades. Argentine stocks have been on a tear recently due to a recently announced alliance between some of the nation's more "market friendly" political parties.

    Keep in mind that ValuEngine ranks and rates @7000 US and Canadian companies as well as @1000 foreign stocks and ADRs that trade on US exchanges. Subscriber get access to our entire stock universe.

    ValuEngine continues its BUY recommendation on BBVA Banco Frances for 2015-03-16. Based on the information we have gathered and our resulting research, we feel that BBVA Banco Frances has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and P/E Ratio.

    Below is today's data on BFR:


     






    ValuEngine Forecast
     Target
    Price*
    Expected
    Return
    1-Month21.540.54%
    3-Month22.163.46%
    6-Month22.153.40%
    1-Year22.806.45%
    2-Year28.1031.18%
    3-Year11.33-47.09%

     















    Valuation & Rankings
    Valuation100.78% overvaluedValuation Rank(?) 2
    1-M Forecast Return0.54%1-M Forecast Return Rank 86
    12-M Return193.83%Momentum Rank(?) 99
    Sharpe Ratio0.39Sharpe Ratio Rank(?) 72
    5-Y Avg Annual Return20.40%5-Y Avg Annual Rtn Rank 89
    Volatility52.88%Volatility Rank(?) 36
    Expected EPS Growth8.72%EPSGrowth Rank(?) 40
    Market Cap (billions)3.83Size Rank 81
    Trailing P/E Ratio12.85Trailing P/E Rank(?) 84
    Forward P/E Ratio11.82Forward P/E Ratio Rank 79
    PEG Ratio1.47PEG Ratio Rank 35
    Price/Sales1.79Price/Sales Rank(?) 49
    Market/Book3.38Market/Book Rank(?) 36
    Beta1.92Beta Rank 15
    Alpha0.64Alpha Rank 98

    Mar 17 2:54 PM | Link | Comment!
  • Portable Device Accessory Manufacturer ZAGG Defies Market Hiccup

    VALUATION WATCH: Overvalued stocks now make up 58.58% of our stocks assigned a valuation and 20.14% of those equities are calculated to be overvalued by 20% or more. Twelve sectors are calculated to be overvalued--with four at or near double digits.

    --If the Market Zigs, You Need to Zagg

    Portable Device Accessory Manufacturer ZAGG Defies Market Hiccup

    We have been watching a market sell off today, with high flying indices cutting gains. As of right now, the Dow and SP500 are back to being flat for the year. Investors remain skittish thanks to good news about the US economy and the US dollar. The economy added 295,000 jobs in March, a huge beat of the estimate for 240,00 made by analysts. With these numbers, the US unemployment rate is now at a level (5.5%) traditionally considered "full employment" by the Fed.

    (click to enlarge)
    Job Creation Under the Obama Adminstration has been Impressive in the Wake of the Bush Crash

    In the recent past, that is a strong signal of an impending rate hike. However, analysts remain unsure as to whether new Fed chair Janet Yellen will cut off growth at this point because while the traditional measure of unemployment is now reads "full employment," other data sets show continued weakness in the job market, no real pressure on wages has appeared, the economy still appears deflationary, etc.

    The strong dollar, also driven in part by anticipation of a rate hike-as well as the further easing by European and some Asian banks, is also a bad sign for trade and thus the overall economy and may limit the appetite for equities as international investors pile into dollars in search of better yields.

    We remain skeptical that Yellen will hike rates in June for the above-mentioned reasons. There simply is no inflationary pressure right now--crude oil at or below $50 is a big indicator there. The labor picture has been so bad in the recovery from the 2008 financial crisis we think we still have some room to run before a rate hike becomes imperative. We would hope that workers would finally gain some ground in an economy and system which has for far too long favored one part of the Fed mandate--controlling inflation--at the expense of the other--fostering full employment.

    US income inequality at levels last seen in the late 1920s cannot be sustained if all agree that the key to a successful and modern industrial democracy is a thriving middle class. It seems as though even the worst employers--places like Wal-Mart-- are beginning to realize this fact. Let's hope Yellen puts her thumb on the scale in the direction of workers so that they might benefit from the improved economy before the next recession.

    Nevertheless, all speculation about the Fed aside, the market is always "right." So, at times like these it is always instructive to see which stocks continue to perform under pressure. One stock we are watching right now is ZAGG Inc. (NASDAQ:ZAGG). ZAGG Inc. designs, manufactures and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide. ZAGG's flagship brand, the invisibleSHIELD, is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items. The patent-pending invisibleSHIELD application is the first scratch protection solution of its kind on the market, and has sold over one million units. Currently, ZAGG offers over 2,500 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries.

    ZAGG was a selection for our ValuEngine Small Cap Newsletter this month and it is currently bucking the trend and is up @23% since our latest rebalance--while the Russell 2000 Index is down @1%. ZAGG posted a nice beat for Q4 at the end of last month with earnings of $0.49/share vs analysts expectations of $0.38/share. That was a 53% increase year-over-year. In response, many analysts upgraded their recommendations. Our models made another savvy pick with this company.

    ValuEngine continues its STRONG BUY recommendation on ZAGG INC for 2015-03-09. Based on the information we have gathered and our resulting research, we feel that ZAGG INC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and P/E Ratio.

    Below is today's data on ZAGG:


     






    ValuEngine Forecast
     Target
    Price*
    Expected
    Return
    1-Month8.811.05%
    3-Month8.962.73%
    6-Month9.235.86%
    1-Year9.8212.62%
    2-Year10.7923.71%
    3-Year5.22-40.09%

     















    Valuation & Rankings
    Valuationn/aValuation Rank(?) n/a
    1-M Forecast Return1.05%1-M Forecast Return Rank 98
    12-M Return92.92%Momentum Rank(?) 98
    Sharpe Ratio0.33Sharpe Ratio Rank(?) 69
    5-Y Avg Annual Return21.56%5-Y Avg Annual Rtn Rank 90
    Volatility65.03%Volatility Rank(?) 28
    Expected EPS Growth8.15%EPSGrowth Rank(?) 38
    Market Cap (billions)0.26Size Rank 48
    Trailing P/E Ratio16.15Trailing P/E Rank(?) 72
    Forward P/E Ratio14.93Forward P/E Ratio Rank 61
    PEG Ratio1.98PEG Ratio Rank 25
    Price/Sales1.01Price/Sales Rank(?) 68
    Market/Book3.04Market/Book Rank(?) 39
    Beta2.00Beta Rank 13
    Alpha0.33Alpha Rank 93

    Mar 10 4:00 PM | Link | Comment!
  • Val.uEngine Rates Industrial Product Sector

    Valuation Watch: Overvalued stocks now make up 59.28% of our stocks assigned a valuation and 20.14% of those equities are calculated to be overvalued by 20% or more. Thirteen sectors are calculated to be overvalued--with four at or near double digits.

    ValuEngine Index Overview

     

     

     

     

     

    IndexWeek OpenFriday AMChange% ChangeYTD
    DJIA18134.0518023.8-110.25-0.61%1.13%
    NASDAQ4973.434971.76-1.67-0.03%5.18%
    RUSSELL 20001233.391234.310.920.07%2.46%
    S&P 5002105.232091.83-13.4-0.64%1.60%

     

    ValuEngine Market Overview

     

     


     

    Summary of VE Stock Universe
    Stocks Undervalued40.72%
    Stocks Overvalued59.28%
    Stocks Undervalued by 20%13.89%
    Stocks Overvalued by 20%20.14%
    ValuEngine Sector Overview

     
















    SectorChangeMTDYTDValuationLast 12-MReturnP/E Ratio
    Aerospace0.08%-0.15%7.53%16.90% overvalued0.61%20.89
    Medical0.22%1.32%10.35%16.74% overvalued1.16%32.25
    Retail-Wholesale0.12%-0.70%-0.10%9.55% overvalued3.76%26.39
    Computer and Technology0.33%0.46%4.73%9.27% overvalued-2.28%31.35
    Consumer Staples-0.02%-0.34%2.53%8.57% overvalued5.71%23.95
    Consumer Discretionary0.15%0.30%3.18%7.96% overvalued-3.80%27.76
    Multi-Sector Conglomerates0.01%-1.09%3.38%7.80% overvalued6.61%18.58
    Business Services-0.10%-0.53%3.42%5.60% overvalued1.59%25.90
    Utilities0.28%-0.64%0.15%5.04% overvalued4.25%22.68
    Finance0.16%-0.11%0.67%3.04% overvalued1.57%17.83
    Auto-Tires-Trucks0.03%-0.50%6.30%2.52% overvalued-4.13%16.23
    Industrial Products-0.23%-0.66%0.42%1.81% overvalued-9.40%19.90
    Transportation-0.06%-0.89%0.44%1.11% overvalued2.49%20.69
    Oils-Energy-0.07%-0.62%2.08%1.47% undervalued-30.84%22.34
    Construction0.29%-0.34%0.09%4.20% undervalued-3.85%24.53
    Basic Materials-0.48%-1.95%1.11%5.75% undervalued-23.48%25.14

     

    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(%)
    CENXCENTURY ALUM CO16.49-43.9134.72
    UEPSNET 1 UEPS TECH14.715.3647.54
    ACCOACCO BRANDS CP7.55-1.6822.96
    NNBRNN INC26.29N/A37.07
    HOLIHOLLYSYS AUTOMT17.86-23.85-10.7

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

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    CENXCENTURY ALUM CO16.49-43.9134.72
    UEPSNET 1 UEPS TECH14.715.3647.54
    ACCOACCO BRANDS CP7.55-1.6822.96
    NNBRNN INC26.29N/A37.07
    HOLIHOLLYSYS AUTOMT17.86-23.85-10.7

    Top-Five Industrial Products Stocks--Composite Score

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    CENXCENTURY ALUM CO16.49-43.9134.72
    ACCOACCO BRANDS CP7.55-1.6822.96
    UEPSNET 1 UEPS TECH14.715.3647.54
    DEDEERE & CO90.461.974.07
    CATCATERPILLAR INC81.51-13.68-15.42

    Top-Five Industrial Products Stocks--Most Overvalued

     

     

     

     

     

     

    TickerNameMkt PriceValuation(%)Last 12-M Retn(%)
    MRCMRC GLOBAL INC12.8670.47-50.17
    UFIUNIFI INC34.0845.2236.65
    PLLPALL CORP102.0440.1517.83
    MYEMYERS INDS18.6935.99-11.59
    SEESEALED AIR CORP46.1435.8433.93
    Mar 09 12:55 PM | Link | Comment!
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