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Steve Hach
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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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  • Daqo New Energy Continues To Climb  0 comments
    Jan 8, 2014 2:43 PM | about stocks: DQ

    VALUATION WARNING: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks assigned a valuation now make up 85% of our universe and 54% of the stocks assigned a valuation are calculated to be overvalued by 20% or more. ALL sectors are calculated to be overvalued--15 of them by double digits.

    Sunpowered

    --Daqo New Energy (NYSE:DQ) Soars for ValuEngine Market Neutral Newsletter

    Daqo New Energy Corp. is engaged in the manufacture and sale of high-quality polysilicon to photovoltaic product manufacturers. The polysilicon is further processed into ingots, wafers, cells and modules for solar power solutions. Daqo New Energy Corp., formerly known as Mega Stand International Limited, is headquartered in Wanzhou, The People's Republic of China.

    We are seeing some impressive performance from our long portfolios so far this month. The leader of our newsletters right now is the VE Forecast 16 Market Neutral. And, leading the long-side of that newsletter is Daqo New Energy (DQ). Since mid-December, the stock is up almost 26%. Green energy has been quietly making impressive gains despite the best efforts of opponents in the fossil fuel sectors and the US government to undercut its progress. Daqo has been on a huge run up with a LTM gain in excess of 400%.

    ValuEngine continues its BUY recommendation on DAQO NEW ENERGY for 2014-01-07. Based on the information we have gathered and our resulting research, we feel that DAQO NEW ENERGY has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Company Size.

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

    Read our Complete Detailed Valuation Report on Daqo New Energy HERE.

    Below is today's data on DQ:


     






    ValuEngine Forecast
     Target
    Price*
    Expected
    Return
    1-Month42.330.95%
    3-Month43.283.23%
    6-Month43.603.99%
    1-Year46.7111.40%
    2-Year38.55-8.06%
    3-Year48.8216.43%

     















    Valuation & Rankings
    Valuationn/aValuation Rank n/a
    1-M Forecast Return0.95%1-M Forecast Return Rank 97
    12-M Return420.87%Momentum Rank 100
    Sharpe Ratio-0.69Sharpe Ratio Rank 11
    5-Y Avg Annual Return-68.01%5-Y Avg Annual Rtn Rank 12
    Volatility97.95%Volatility Rank 19
    Expected EPS Growthn/aEPS Growth Rank n/a
    Market Cap (billions)0.29Size Rank 50
    Trailing P/E Ration/aTrailing P/E Rank n/a
    Forward P/E Ration/aForward P/E Ratio Rank n/a
    PEG Ration/aPEG Ratio Rank n/a
    Price/Sales3.71Price/Sales Rank 27
    Market/Book2.16Market/Book Rank 50
    Beta2.63Beta Rank 7
    Alpha0.25Alpha Rank 86

    ValuEngine Market Overview

     

     

     

     

     

    Summary of VE Stock Universe
    Stocks Undervalued14.88%
    Stocks Overvalued85.12%
    Stocks Undervalued by 20%4.89%
    Stocks Overvalued by 20%53.99%

     

    ValuEngine Sector Overview

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    SectorChangeMTDYTDValuationLast 12-MReturnP/E Ratio
    Multi-Sector Conglomerates0.28%-1.13%-1.13%34.28% overvalued14.97%20.00
    Computer and Technology0.95%0.52%0.52%33.22% overvalued35.28%31.54
    Consumer Discretionary0.38%0.11%0.11%32.70% overvalued42.15%30.09
    Transportation0.35%-0.97%-0.97%30.51% overvalued36.51%22.46
    Aerospace1.02%1.15%1.15%29.54% overvalued51.53%18.77
    Medical1.22%1.83%1.83%29.17% overvalued40.07%29.34
    Auto-Tires-Trucks1.13%0.16%0.16%27.61% overvalued39.99%19.86
    Business Services0.62%-0.50%-0.50%27.48% overvalued37.86%26.38
    Industrial Products0.73%-0.18%-0.18%26.76% overvalued35.45%23.55
    Retail-Wholesale0.21%-0.88%-0.88%26.46% overvalued36.01%24.68
    Finance0.35%-0.39%-0.39%22.89% overvalued14.01%17.79
    Consumer Staples0.91%-0.51%-0.51%22.72% overvalued23.84%23.65
    Construction0.39%-0.74%-0.74%16.93% overvalued28.55%25.10
    Oils-Energy0.23%0.01%0.01%14.72% overvalued12.58%26.76
    Utilities0.94%0.01%0.01%12.27% overvalued11.10%20.34
    Basic Materials-0.21%-0.02%-0.02%7.56% overvalued-24.90%21.35

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: green energy, solar cells Stocks: DQ
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