October 23, 2015

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VALUATION WATCH: Overvalued stocks now make up 44.55% of our

stocks assigned a valuation and 14.47% of those equities are calculated to
be overvalued by 20% or more. Five sectors is calculated to be
overvalued.
MARKET OVERVIEW
Index

Started week

Friday AM

Change

Change %

ytd

DJIA

17209.43

17589.6

380.17

2.21%

-1.31%

NASDAQ

4873.54

5015.34

141.8

2.91%

6.10%

RUSSELL 2000

1161.8

1162.7

0.9

0.08%

-3.49%

S&P 500

2018.94

2069.15

50.21

2.49%

0.50%

Summary of VE Stock Universe

Stocks Undervalued

55.45%

Stocks Overvalued

44.55%

Stocks Undervalued by 20%

23.99%

Stocks Overvalued by 20%

14.47%

SECTOR OVERVIEW
Sector

Change

MTD

YTD

Valuation

Last 12-M
Return

P/E
Ratio

Aerospace

1.32%

4.71%

-1.19%

2.56% undervalued

-4.73%

17.63

Auto-Tires-Trucks

1.30%

7.70%

-4.10%

9.07% undervalued

-1.29%

15.22

Basic Materials

1.41%

10.05%

-13.97%

11.79% undervalued

-22.25%

23.35

Business Services

0.63%

5.76%

1.14%

6.25% overvalued

0.26%

23.27

Computer and Technology

1.05%

5.82%

-0.41%

0.40% undervalued

3.09%

28.74

Construction

0.87%

5.74%

0.51%

3.90% undervalued

2.48%

20.99

Consumer Discretionary

0.57%

5.39%

3.00%

1.58% undervalued

1.30%

26.08

Consumer Staples

1.24%

6.62%

0.64%

5.86% overvalued

6.67%

24.79

Finance

0.81%

4.05%

0.57%

1.52% overvalued

0.33%

16.87

Industrial Products

1.87%

8.09%

-6.82%

3.18% undervalued

-10.42%

18.1

Medical

-3.12%

-0.19%

-0.41%

5.04% undervalued

3.32%

29.54

Multi-Sector Conglomerates

1.91%

8.16%

-6.36%

1.45% overvalued

-4.97%

22.5

Oils-Energy

0.48%

11.72%

-18.31%

7.93% undervalued

-40.12%

26.08

Retail-Wholesale

0.21%

2.99%

-6.78%

4.52% undervalued

0.76%

22.4

Transportation

0.43%

6.58%

-10.72%

7.54% undervalued

-9.04%

15.8

Utilities

1.71%

7.45%

-3.53%

1.53% overvalued

-3.28%

21.71

Sector TalkTransportation
Below, we present the latest data on leading Transportation Sector stocks from
our Professional Stock Analysis Service. These results were filtered by market price
and volume--no results below 3$/share or less than 100k shares/day volume.

Top-Five Transportation Sector Stocks--Short-Term Forecast Returns

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

FRO

FRONTLINE LTD

3.1

-72.75%

87.88%

TNK

TEEKAY TANKERS

8.18

-23.03%

122.28%

NNA

NAVIOS MARI ACQ

3.81

-19.65%

37.55%

AAWW

ATLAS AIR WORLD

41.51

-23.33%

23.80%

DHT

DHT HOLDINGS

8.02

-13.90%

33.44%

Top-Five Transportation Sector Stocks--Long-Term Forecast Returns

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

FRO

FRONTLINE LTD

3.1

-72.75%

87.88%

TNK

TEEKAY TANKERS

8.18

-23.03%

122.28%

NNA

NAVIOS MARI ACQ

3.81

-19.65%

37.55%

AAWW

ATLAS AIR WORLD

41.51

-23.33%

23.80%

DHT

DHT HOLDINGS

8.02

-13.90%

33.44%

Top-Five Transportation Sector Stocks--Composite Score

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

FRO

FRONTLINE LTD

3.1

-72.75%

87.88%

TNK

TEEKAY TANKERS

8.18

-23.03%

122.28%

ALK

ALASKA AIR GRP

75.97

-10.38%

62.43%

STNG

SCORPIO TANKERS

9.39

-23.31%

19.31%

AAWW

ATLAS AIR WORLD

41.51

-23.33%

23.80%

Top-Five Transportation Sector Stocks--Most Overvalued

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

YRCW

YRC WORLDWD INC

16.52

300.00%

-4.34%

ATSG

AIR TRANSPT SVC

9.67

34.88%

29.11%

HA

HAWAIIAN HLDGS

33.4

18.16%

115.21%

UTIW

UTI WORLDWIDE

7.11

16.39%

-31.63%

NAT

NORDIC AMERICAN

16.4

15.68%

111.34%

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Free Download for Readers

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we are offering a FREE DOWNLOAD of one of our Stock Reports
The Procter & Gamble Company (PG) is engaged in the manufacture and sale
of a range of branded consumer packaged goods. The company operates in five
segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby
Care and Family Care. The Beauty segment provides antiperspirants, deodorants,
cosmetics, hair care products, personal cleansings, prestige products, and skin care
products. The Grooming segment offers blades and razors, electronic hair removal
devices, hair care appliances. The Health Care segment provides feminine care,
gastrointestinal, incontinence, rapid diagnostics, respiratory, oral care, and other
personal health care products. The Fabric Care and Home Care segment offers
bleach and laundry additives, air care products, batteries, dish care items, fabric
enhancers, laundry detergents, pet care products, and surface care products. The
Baby Care and Family Care segment provides baby wipes, diapers and pants, tissues,
and toilet papers. The Procter & Gamble is based in Cincinnati, Ohio.
ValuEngine continues its HOLD recommendation on PROCTER & GAMBLE for
2015-10-22. Based on the information we have gathered and our resulting research,
we feel that PROCTER & GAMBLE has the probability to ROUGHLY MATCH average
market performance for the next year. The company exhibits ATTRACTIVE Company
Size but UNATTRACTIVE Earnings Growth Rate.
Read our Complete Detailed Valuation Report on Procter and Gamble HERE.

ValuEngine Forecast
Target
Price*

Expected
Return

1-Month

74.80

-0.07%

3-Month

75.16

0.41%

6-Month

76.15

1.74%

1-Year

74.22

-0.85%

2-Year

78.70

5.14%

3-Year

86.32

15.33%

Valuation & Rankings

Valuation

1.00% undervalued

Valuation Rank(?)

47

1-M Forecast Return

-0.07%

1-M Forecast Return Rank

45

12-M Return

-11.14%

Momentum Rank(?)

42

Sharpe Ratio

0.27

Sharpe Ratio Rank(?)

5-Y Avg Annual Return

3.64%

5-Y Avg Annual Rtn Rank

Volatility

13.48%

Volatility Rank(?)

Expected EPS Growth

-3.92%

EPS Growth Rank(?)

Market Cap (billions)

202.25

Size Rank

Trailing P/E Ratio

18.35

Trailing P/E Rank(?)

Forward P/E Ratio

19.09

Forward P/E Ratio Rank

73
66
87
20
100
63
33

PEG Ratio

n/a

PEG Ratio Rank

Price/Sales

2.65

Price/Sales Rank(?)

35

Market/Book

3.21

Market/Book Rank(?)

35

Beta

0.55

Beta Rank

Alpha

-0.14

Alpha Rank

n/a

66
37

What's Hot
VE Premium Pro Portfolio Strategy Results
We continue to see a recovering US economy which is growing stronger dayby-day. However, global events can always impact an interdependent global
economy. The strong dollar may hamper export-oriented companies. Good news
comes in the form of low inflation and a Fed which seems reticent to pull the rug out
from under the recovery too soon. Some analysts see a bottom and recovery in the
oil market. On the other hand, US seniors will be without a boost in their SSI checks
due to that same low inflation. As always, we hope that elected officials in
Washington can resist petty political ploys such as government shutdowns, debt
defaults, additional austerity measures, etc.
September/October was another period of instability for the markets. But this
time, they roared back from the late Summer China swoon and powered back up
considerably. Our portfolio strategies grappled with volatility and short-squeezes,
along with general market turmoil until the break out over the past several trading
sessions.
We posted a small loss of 1.03% with our ValuEngine Forecast 16 Market Neutral
Strategy Portfolio. The modified stop-lossed strategy with the new suggested stops of
5% and a 60/40 allocation performed far better, and posted a gain of 3.06%. The
trailing twelve month gain of our newsletter is 33.52% vs the MLSAX gain of 7.13% and
the S&P 500 gain of 7.52%. Since inception, our newsletter has posted a gain of
151.77% vs the MLSAX return of 30.18% and the S&P 500 gain of 120.99%.
Volatile conditions challenged both sides of our portfolio, but the move back to
the upside by the end of the month really hurt our shorts. Longs had eleven winners,
with five of the picks posting near or into the double digits. Shorts were were crushed
once the market took off, but we still had big pick ups from four positions--with Pattern
Energy leading the way with a 30% gain.
However, short-squeezes were evident and eight of our picks suffered
significant declines. Again, stop losses are key in this sort of volatility. The media was
rife with news of hedge funds blowing up as the markets roared back from the
Summer crash and many of those betting on big swings to the downside got burned.
Find Out More About the VE Forecast 16 MNS Portfolio HERE
Please click HERE to subscribe. You may download a sample copy HERE.

Here are the long-side portfolio holdings and their performance for the most
recent edition of the MNS strategy:
Company Name

Entry
Price
9/23/15

Current
Price

Change

%Change

ALDW

ALON USA PARTNERS

24.03

24.02

-0.01

-0.04

FINANCE

AXL

AMERICAN AXLE & MFG

19.4

19.98

0.58

2.99

BUSINESS SERVICES

BRSS

GLOBAL BRASS AND COPPER

20.65

23.08

2.43

11.77

MULTI-SECTOR
CONGLOMERATES

Ticker

Sector

CBZ

CBIZ INC

9.81

11.12

1.31

13.35

CONSUMER STAPLES

GFF

GRIFFON CORP

16.06

17.13

1.07

6.66

AEROSPACE

HELE

HELEN OF TROY

90.71

98.49

7.78

8.58

MEDICAL

HII

HUNTINGTON INGALLS

109.01

105.24

-3.77

-3.46

COMPUTERS TECHNOLOGY

IMH

IMPAC MORTGAGE
HOLDINGS

17.14

18.06

0.92

5.37

RETAIL WHOLESALE
CONSUMER DISCRETIONARY

LCI

LANNETT INC

53.13

41.15

-11.98

-22.55

MIK

MICHAELS COS

24.69

22.74

-1.95

-7.90

UTILITIES

OUTR

OUTERWALL INC

59.33

61.44

2.11

3.56

AUTO TIRES TRUCKS

PAM

PAMPA ENERGIA

15.96

17.53

1.57

9.84

OILS ENERGY

RYL

RYLAND GROUP

42.07

40.83

-1.24

-2.95

CONSTRUCTION

TNK

TEEKAY TANKERS

6.95

8.14

1.19

17.12

TRANSPORTATION

TSE

TRINSEO SA

24.65

28.98

4.33

17.57

INDUSTRIAL PRODUCTS

TSEM

TOWER SEMICONDUCTORS

13.26

13.63

0.37

2.79

BASIC MATERIALS

LONG PORTFOLIO
GSPC

S&P500

3.92

1942.74

2018.94

76.2

3.92

The ValuEngine View has been our flagship newsletter-style portfolio for many
years. As it is long-only, it can suffer in general market sell offs and under intense
volatility but, in "normal" markets it turns in decent, steady performance. It is based on
our best portfolio strategies combined in a hybrid form, with important proprietary
data points combines with key factors such as company size, P/E Ratio, and
momentum so that only the "best of the best" of our stock picks are included. It
provides investors at all skill levels with a quality basket of stocks that is rebalanced
once per month.
For September/October, the ValuEngine View posted a small gain of 0.44% but
trailed the much larger S&P gain of 6.22% by a significant amount. The trailing 12
month gain of the VE View is -6.27% versus the S&P 500 gain of 5.73%. The return since
inception of the View is 101.3% versus the S&P's gain of 81.24%.
We had nine positions this month with positive gains. However, significant losses
from AMAG Pharma, Lannett Inc, and the Michael's Companies hampered our
performance. Tee-Kay Tankers continues to impress with a return of 20% with Lear and
Multi Fine Line also boosting our returns with double-digit gains.

Find Out More About the VE View Portfolio HERE

Please click HERE to subscribe. You may download a sample copy HERE.
Here are the portfolio holdings and their performance for the most recent
edition of the ValuEngine View strategy:
Ticker

Company Name

Entry Price
9/25/15

Current
Price

AEIS

ADVANCED ENERGY INDUSTRIES

25.37

26.82

1.45

5.72

AMAG

AMAG PHARMACEUTICALS

47.7

33.61

-14.09

-29.54

CALM

CAL-MAINE FOODS

57.14

61.71

4.57

8.00

DHT

DHT MARITIME HOLDINGS

7.7

8.02

0.32

4.16

HII

HUNTINGTON INGALLS

107.08

106.67

-0.41

-0.38

LCI

LANNETT INC

52.51

41.89

-10.62

-20.22

Change

%Change

LEA

LEAR CORPORATION

105

118.75

13.75

13.10

MFLX

MULTI-FINELINE ELECTRONIX

16.47

18.36

1.89

11.48

MIK

MICHAELS COMPANIES

24.13

22.14

-1.99

-8.25

MTG

MGIC INVESTMENTS

9.49

9.43

-0.06

-0.63

ODP

OFFICE DEPOT

7.35

7.41

0.06

0.82

SPR

SPIRIT AEROSYSTEMS

49.81

50.99

1.18

2.37

STRZA

STARZ-LIBERTY CAPITAL

38.68

38.09

-0.59

-1.53

TNK

TEEKAY TANKERS

6.79336

8.18

1.39

20.41

TSO

TESORO CORP

100.4

101.53

1.13

1.13

1932.24

2052.51

120.27

LONG PORTFOLIO
GSPC

S&P500

0.44
6.22

Time-Tested Portfolios From ValuEngine Premium Pro

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