VALUATION WATCH: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks now make up 61% of our universe and 24% of the universe is calculated to be overvalued by 20% or more. 15 of 16 sectors are calculated to be overvalued--12 out of 16 by double digits .
MARKET OVERVIEW
Index |
Week Open |
Thurs Close |
Change |
% Change |
YTD |
|---|---|---|---|---|---|
DJIA |
14565.25 |
14865.1 |
299.85 |
2.06% |
13.44% |
NASDAQ |
3207.15 |
3300.16 |
93.01 |
2.90% |
9.29% |
RUSSELL 2000 |
925.93 |
947.05 |
21.12 |
2.28% |
11.50% |
S&P 500 |
1553.26 |
1593.37 |
40.11 |
2.58% |
11.72% |
Summary of VE Stock Universe |
Stocks Undervalued |
38.93% |
|---|---|
Stocks Overvalued |
61.07% |
Stocks Undervalued by 20% |
15.48% |
Stocks Overvalued by 20% |
24.27% |
SECTOR OVERVIEW
Sector |
Change |
MTD |
YTD |
Valuation |
Last 12-MReturn |
P/E Ratio |
|---|---|---|---|---|---|---|
Aerospace |
0.67% |
1.84% |
12.95% |
12.06% overvalued |
10.53% |
15.28 |
Auto-Tires-Trucks |
0.35% |
0.92% |
7.86% |
6.17% overvalued |
6.76% |
18.36 |
Basic Materials |
-0.21% |
0.78% |
5.73% |
5.29% undervalued |
-26.57% |
19.63 |
Business Services |
-0.03% |
-1.11% |
10.98% |
11.31% overvalued |
13.84% |
21.12 |
Computer and Technology |
-0.29% |
-0.90% |
9.60% |
11.85% overvalued |
2.27% |
25.52 |
Construction |
0.32% |
-0.75% |
13.76% |
18.69% overvalued |
30.98% |
24.19 |
Consumer Discretionary |
0.31% |
0.79% |
15.51% |
8.27% overvalued |
12.35% |
23.03 |
Consumer Staples |
0.91% |
0.63% |
11.29% |
18.08% overvalued |
11.87% |
20.4 |
Finance |
0.20% |
0.84% |
13.14% |
16.34% overvalued |
15.66% |
17.81 |
Industrial Products |
0.12% |
-0.81% |
13.13% |
11.02% overvalued |
7.08% |
18.12 |
Medical |
0.35% |
0.36% |
12.61% |
9.62% overvalued |
13.35% |
22.88 |
Multi-Sector Conglomerates |
0.60% |
0.67% |
5.83% |
4.56% overvalued |
9.21% |
15.3 |
Oils-Energy |
-0.25% |
-0.46% |
7.24% |
5.50% overvalued |
-7.05% |
24.81 |
Retail-Wholesale |
0.80% |
2.64% |
20.42% |
16.11% overvalued |
20.37% |
21.08 |
Transportation |
0.17% |
-1.29% |
18.38% |
20.00% overvalued |
10.63% |
20.88 |
Utilities |
0.66% |
1.64% |
8.39% |
11.17% overvalued |
9.12% |
18.32 |
Below, we present the latest data on leading Consumer Discretionary Sector stocks from our Institutional software package (VEI). These results were filtered by market price and volume--no results below 3$/share or less than 100k shares/day volume.
Top-Five Industrial Products Sector Stocks--Short-Term Forecast Returns
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
|---|---|---|---|---|
MCP |
MOLYCORP INC |
5.77 |
300 |
-81.79 |
SLT |
STERLITE INDUST |
6.54 |
N/A |
-20.44 |
ACCO |
ACCO BRANDS CP |
6.62 |
-14.82 |
-43.37 |
JOY |
JOY GLOBAL INC |
54.84 |
0.99 |
-25.38 |
HDSN |
HUDSON TECHNOLO |
3.77 |
-4.76 |
30 |
Top-Five Industrial Products Sector Stocks--Long-Term Forecast Returns
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
|---|---|---|---|---|
MCP |
MOLYCORP INC |
5.77 |
300 |
-81.79 |
SLT |
STERLITE INDUST |
6.54 |
N/A |
-20.44 |
ACCO |
ACCO BRANDS CP |
6.62 |
-14.82 |
-43.37 |
JOY |
JOY GLOBAL INC |
54.84 |
0.99 |
-25.38 |
HDSN |
HUDSON TECHNOLO |
3.77 |
-4.76 |
30 |
Top-Five Industrial Products Sector Stocks--Composite Score
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
|---|---|---|---|---|
VCI |
VALASSIS COMMS |
28 |
-14.85 |
26.01 |
CNH |
CNH GLOBAL NV |
42.23 |
-22.67 |
6.86 |
DE |
DEERE & CO |
87.58 |
0.89 |
12.93 |
HDSN |
HUDSON TECHNOLO |
3.77 |
-4.76 |
30 |
CAT |
CATERPILLAR INC |
85.7 |
-10.55 |
-15.77 |
Top-Five Industrial Products Sector Stocks--Most Overvalued
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
|---|---|---|---|---|
MCP |
MOLYCORP INC |
5.77 |
300 |
-81.79 |
FES |
FORBES ENERGY |
3.96 |
152.98 |
-21.74 |
APOG |
APOGEE ENTRPRS |
25.94 |
57.57 |
88.79 |
AIN |
ALBANY INTL A |
29.92 |
55.35 |
32.62 |
NPO |
ENPRO INDUS INC |
49.25 |
54.68 |
23.53 |
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
