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VALUATION WATCH IS OFF: Overvalued stocks now make up 59% of our universe and almost 23% of the universe is calculated to be overvalued by 20% or more. 15 sectors are calculated to be overvalued. MARKET OVERVIEW
Index
DJIA NASDAQ RUSSELL 2000 S&P 500
Week Open
14000.57 3180.59 916.12 1515.6
Thurs Close
14054.5 3160.19 911.11 1514.68
Change
53.93 -20.4 -5.01 -0.92
% Change
0.39% -0.64% -0.55% -0.06%
YTD
7.25% 4.66% 7.27% 6.20%
SECTOR OVERVIEW
Sector
Aerospace Auto-Tires-Trucks Basic Materials Business Services Computer and Technology Construction Consumer Discretionary Consumer Staples Finance Industrial Products Medical Multi-Sector Conglomerates Oils-Energy Retail-Wholesale Transportation Utilities
Change
1.49% 0.86% 0.63% 0.68% 0.69% 1.55% 0.56% 0.39% 0.65% 1.17% 0.68% 1.51% 0.64% 0.96% 1.30% 0.63%
MTD
1.47% 0.30% -1.81% 1.07% 1.72% 0.32% 0.56% 0.80% 1.39% 2.32% 1.00% 0.35% -0.97% 2.40% 1.97% -1.10%
YTD
6.29% 6.41% 2.08% 7.67% 8.56% 8.83% 8.35% 5.82% 8.21% 8.35% 7.58% 4.01% 6.90% 10.50% 12.99% 4.68%
Valuation
5.17% overvalued 6.68% overvalued 5.22% undervalued 10.26% overvalued 12.43% overvalued 22.41% overvalued 6.82% overvalued 22.94% overvalued 17.40% overvalued 19.23% overvalued 12.14% overvalued 9.48% overvalued 1.77% overvalued 9.76% overvalued 20.00% overvalued 6.25% overvalued
Last 12MReturn
7.04% -1.93% -30.69% 8.72% -0.68% 22.35% 6.46% 8.85% 13.38% 2.70% 4.58% 10.21% -16.79% 12.72% 2.31% 6.59%
P/E Ratio
36.85 15.42 24.17 25.22 38.28 48.31 24.79 20.22 20.9 22.73 27.31 16.33 30.25 32.5 24.24 18.38
Name
VERIFONE HLDGS SYNACOR INC BROADSOFT INC MAGICJACK VOCTC GRAFTECH INTL
Mkt Price
18.97 3.29 21 11.45 7.39
Valuation(%)
-61.77 -53.08 -40.88 -75 -40.95
Name
VERIFONE HLDGS SEAGATE TECH WESTERN DIGITAL MAGICJACK VOCTC HEWLETT PACKARD
Mkt Price
18.97 32.16 47.16 11.45 20.14
Valuation(%)
-61.77 28.7 19.81 -75 -0.48
Name
GIANT INTERACTV CHANGYOU.COM UNISYS MAGNACHIP SEMI CIRRUS LOGIC
Mkt Price
6.2 29.86 22.98 15.75 24.04
Valuation(%)
-24.15 -4.86 -14.56 -1.17 -44.21
Name
AMKOR TECH INC USA MOBILITY CALAMP CORP SEACHANGE INTL JDS UNIPHASE CP
Mkt Price
4.06 11.62 10.95 11.52 14.15
Valuation(%)
300 300 300 300 300
Find out what Wall Street Investment and Media Professionals already know, ValuEngine offers sophisticated stock valuation and forecast research as well as a variety of portfolio screening and creation tools. If you are reading this you should sign up for ValuEngine's award-winning To Sign Up for a stock valuation and forecast FREE TRIAL, service Please Click HERE NO OBLIGATION, 30 DAY FREE TRIAL!
Read our Complete Detailed Valuation Report on Annie's HERE. (LINK IS WORKING/NEW LINK SYSTEM DIRECT DOWNLOAD)
What's HotValuation
The ValuEngine Valuation Model tracks more than 8000 US equities, ADRs, and foreign stock which trade on US exchanges. The model calculates a level of mispricing or valuation percentage for each equity based on 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. Whenever we see levels in overvaluation levels in excess of @ 60% for the overall universe and/or 27.5% for the overvalued by 20% or more categories, we issue a valuation watch. With the markets pushing the sorts of levels not seen since the beginning of the financial crisis, we finally broke through the 60% barrier for overall market overvaluation last month and ValuEngine issued a market valuation watch on
January 28th. We then saw our overvaluation metrics briefly rise into Valuation Warning territory (65%) on February 4th and February 20th, remain elevated, and then recede below 60% on February 26th. Currently, they remain just below the threshold for our Valuation Watch. So, we will keep a close eye on these figures because In the past, market pull backs have correlated closely to these sorts of numbers. This is a time for investors to keep a close eye on the market and to consider booking some profits and perhaps hedging against a move to the downside. Subscribers Get FULL ACCESS to our Market and Sector Overviews The chart below tracks the valuation metrics from January 1, 2013 until today.
The chart below tracks the valuation metrics from June, 2012 until today. Note that levels never got this high back in September 2012--the last time we saw any overvaluation in excess of 50%.
The chart below tracks the valuation metrics from March 2010 until today. This chart encompasses two prior periods where we issued Valuation Watches and Warnings.
Company Name
AMBASE CORP ALASKA COMM SYS CBEYOND INC CHINA HYDRO-ADS HOMEOWNERS CHCE CHINA HGS REAL KRATOS DEFENSE
Exit Price
1.18 1.73 7.89 1.98 20.85 3.97 4.44
Change
0.13 -0.20 -0.87 0.45 -2.68 0.17 -0.48
%Change
Symbol
LIWA MBLX PIKE RPTP TGD UEPS WIBC YONG
Company Name
LIHUA INTL INC METABOLIX INC PIKE ELECTRIC RAPTOR PHARMACT TIMMINS GOLD NET 1 UEPS TECH WILSHIRE BCP YONGYE INTL INC
Exit Price
5.22 2.07 13.98 5 2.17 5.97 6.17 5.74
Change
0.73 0.52 4.01 -0.69 -0.85 0.68 0.02 0.04
%Change
16.26 33.55 40.22 -12.13 -28.15 12.85 0.33 0.70 4.56 1.30
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Suttmeier Says
--Commentary and Analysis from Chief Market Strategist Richard Suttmeier
If you have any comments or questions, send them to Rsuttmeier@Gmail.com Treasury Yields 10-Year--(1.888) Annual, weekly, annual and semiannual value levels are 1.981, 2.173, 2.476 and 3.063 with a daily pivot at 1.862 and monthly and semiannual risky levels at 1.796 and 1.413. Commodities and Forex Comex Gold ($1579.2) My daily value is $1566.2 with my annual pivot at $1599.9 and weekly, semiannual, monthly, quarterly and annual and semiannual risky levels at $1624.2, $1737.6, $1793.7, $1802.9 and $1852.1. Nymex Crude Oil ($91.89) My daily value level is $90.48 with my quarterly pivot at $95.84 and monthly, weekly, annual and semiannual risky levels at $98.23, $99.09, $115.23, $115.42 and $130.42. The Euro (1.3060) Daily and semiannual value levels are 1.2951 and 1.2797 with monthly, annual, quarterly, weekly and annual risky levels at 1.3249, 1.3257, 1.3334, 1.3430 and 1.4295. Major Indices Daily DOW (14,054) Quarterly and annual value levels are 13,668, 12,696 and 12,509 with daily and monthly pivots at 13,955 and 13,949, and semiannual risky level at 14,323. Set a new multi-year high at 14,149.15 on February 28, 2013. The October 2007 high is 14,198.10. The all time closing high is 14,164.53 set on October 9, 2007. S&P 500 (1514.7) Quarterly and annual value levels are 1431.1 and 1348.3 with a daily pivot at 1500.4, and monthly and semiannual risky levels at 1528.6 and 1566.9. The October 2007 high is 1576.09.
NASDAQ (3160) Daily, quarterly and annual value levels are 3119, 3071, 2806 and 2790 with monthly, weekly and semiannual risky levels at 3197, 3351 and 3583. NASDAQ 100 (NDX) (2739) Daily and annual value levels are 2703, 2463 and 2385 with quarterly and monthly risky levels at 2798 and 2809. Dow Transports (5993) Daily, monthly, annual and quarterly value levels are 5914, 5522, 5469 and 5094 with annual and semiannual pivots at 5925 and 5955, and weekly risky level at 6396. The February 19 close at 6020.67 was an all time closing high. To confirm a Dow Theory Buy Signal the Dow Industrials need to have a daily close above its all time closing high of 14,164.53 set on October 9, 2007. Russell 2000 (911.11) Daily, annual, quarterly and annual value levels are 897.98, 860.25, 821.01 and 809.54 with a monthly pivot at 901.68, and weekly and semiannual risky levels at 943.46 and 965.51. The Russell 2000 set another new all time high at 932.00 on February 19. The SOX (426.63) Daily, monthly, quarterly and annual value levels are 419.30, 404.22, 371.62 and 338.03 with quarterly, weekly and semiannual risky levels at 440.36, 456.56 and 520.17. The July 2007 high is 549.39. With Richard Suttmeier's Morning Briefing, you get daily analysis of US Treasury Yields, Gold, Crude Oil, and Currency Exchange Rates--Dollar, Yen, Pound, and Euro--as well as key technical indicators for the major equity averages. Click HERE to Sign Up for Chief Market Strategist Richard Suttmeier's Morning Briefing!
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