August 9, 2013

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VALUATION WARNING: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks now make up almost 76% of our stocks assigned a valuation and 43% of those equities are calculated to be overvalued by 20% or more. 15 of 16 sectors are calculated to be overvalued--13 of them by double digits. MARKET OVERVIEW

Index
DJIA NASDAQ RUSSELL 2000 S&P 500

Week Open
15651.98 3682.67 1059.09 1708.01

Thurs. Close
15498.3 3669.12 1049.47 1697.48

Change
-153.68 -13.55 -9.62 -10.53

% Change
-0.98% -0.37% -0.91% -0.62%

YTD
17.83% 21.53% 23.63% 18.84%

Summary of VE Stock Universe

Stocks Undervalued Stocks Overvalued Stocks Undervalued by 20% Stocks Overvalued by 20% 24.17% 75.83% 10.02% 43.02%

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
0.20% 1.34% 2.36% 0.56% 0.16% 0.64% 0.38% 0.60% 0.35% 0.50% -0.12% 0.41% 0.54% 0.41% 0.48% 0.55%

MTD
1.91% 1.29% -0.08% 0.59% 1.39% 0.64% 1.56% 1.17% 0.08% 2.02% 1.77% 0.63% -1.11% -0.26% -0.02% 2.15%

YTD
28.37% 39.57% 1.91% 74.20% 29.02% 31.38% 31.26% 18.59% 25.12% 35.80% 202.47% 5.66% 25.40% 33.73% 22.77% 15.36%

Valuation
20.87% overvalued 26.52% overvalued 9.88% undervalued 18.17% overvalued 20.98% overvalued 14.64% overvalued 24.11% overvalued 20.75% overvalued 18.93% overvalued 19.14% overvalued 18.30% overvalued 14.35% overvalued 3.82% overvalued 23.45% overvalued 21.14% overvalued 10.34% overvalued

Last 12MReturn
36.99% 42.27% -25.42% 26.87% 23.95% 34.54% 31.93% 23.94% 16.74% 30.06% 25.24% 13.42% 3.17% 36.49% 24.43% 10.84%

P/E Ratio
18.18 18.07 19.07 23.53 30.14 24.29 24.46 22.08 17.82 20.95 26.34 17.52 27.08 23.27 20.52 19.96

ValuEngine Newsletters Latest Results

VE Newsletter Forecast MNS Dividend Stock Small Cap Stock View Current Month Total
2.99 -0.28 -1.67 0.43

S&P 500
0.89 0.12 0.30 1.27

Last Month Total

3.56 8.47 13.82 4.51

S&P 500
2.62 6.76 3.9 1.48

Since Inception
91.13 8.47 39.26 75.27

S&P 500
84.17 6.76 22.03 48.02

Sector TalkMedical
Below, we present the latest data on leading Medical 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 Medical Sector Stocks--Short-Term Forecast Returns

Ticker
PLX GTXI RHHBY SNTS AMRI

Name
PROTALIX BIOTHR GTX INC ROCHE HLDG LTD SANTARUS INC ALBANY MOL RSCH

Mkt Price
5.19 4.2 63.47 26.74 12.15

Valuation(%)
N/A -28.07 N/A 6.35 4.61

Last 12-M Retn(%)

-10.67 23.17 42.15 310.12 299.67

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

Ticker
PLX GTXI RHHBY SNTS AMRI

Name
PROTALIX BIOTHR GTX INC ROCHE HLDG LTD SANTARUS INC ALBANY MOL RSCH

Mkt Price
5.19 4.2 63.47 26.74 12.15

Valuation(%)
N/A -28.07 N/A 6.35 4.61

Last 12-M Retn(%)

-10.67 23.17 42.15 310.12 299.67

Top-Five Medical Sector Stocks--Composite Score

Ticker
WLP HUM VRX TEVA ALR

Name
WELLPOINT INC HUMANA INC NEW VALEANT PHARMA TEVA PHARM ADR ALERE INC

Mkt Price
87.74 93.79 101.68 39.15 31.29

Valuation(%)
8.88 3.43 -1.57 -16.12 -10.62

Last 12-M Retn(%)

52.75 38.66 101.91 -2.73 70.05

Top-Five Medical Sector Stocks--Most Overvalued

Ticker
ACAD TEAR AVNR DRTX SRPT

Name
ACADIA PHARMA TEARLAB CORP AVANIR PHARM DURATA THERAPT SAREPTA THERAP

Mkt Price
19.78 12.12 4.59 7.79 36.85

Valuation(%)
300 300 300 300 228.22

Last 12-M Retn(%)

1218.67 263.96 58.28 4.19 372.44

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!

Free Download for Readers

As a bonus to our Free Weekly Newsletter subscribers, we are offering a FREE DOWNLOAD of one of our Detailed Stock Valuation Reports--this report is normally $25.00
This week's free download is our report on Yum! Brands, Inc. (YUM). Yum! Brands is the world's largest restaurant company in terms of system units with nearly 38,000 restaurants in over 120 countries and territories. Their brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. The Yum! system includes four operating segments: U.S., International (Yum! Restaurants International), China and India Divisions. ValuEngine continues its BUY recommendation on YUM! BRANDS INC for 201308-08. Based on the information we have gathered and our resulting research, we feel that YUM! BRANDS INC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Sharpe Ratio. Read our Complete Detailed Valuation Report on Yum! Brands HERE.

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--(2.587) Daily, weekly and semiannual value levels are 2.649, 2.887 and 3.227 with a monthly pivot at 2.601, and annual, and semiannual risky levels at 2.476, 1.981 and 1.719. Commodities and Forex Comex Gold ($1312.2) Daily, monthly and weekly value levels are $1284.4, $1229.7 and $1210.5 with annual, quarterly and annual risky levels at $1599.9, $1603.0 and $1852.1. Nymex Crude Oil ($103.86) My quarterly value level is $91.75 with a monthly pivot at $104.48 and daily, weekly, semiannual and annual risky levels at $105.96, $109.18, $109.84 and $115.23. The Euro (1.3386) Weekly, semiannual and quarterly value levels are 1.3079, 1.2477 and 1.1545 with daily, annual and monthly pivots at 1.33343, 1.3257 and 1.3313, and annual risky level at 1.4295. Major Indices Daily Dow: (15,498) Weekly, quarterly and annual value levels are 15,374, 14,288 and 12,696 with a daily risky level at 15,568, the August 2 all time high at 15,658.43, and monthly and semiannual risky levels at 16,188 and 16,490. S&P 500 (1697.5) Weekly, quarterly and annual value levels are 1676.8, 1525.6 and 1348.3 with a daily risky level at 1709.9, the August 2 all time high at 1709.67, and monthly and semiannual risky levels at 1742.5 and 1743.5. NASDAQ (3669) Weekly, quarterly and annual value levels are 3607, 3284 and 2806 with a monthly pivot at 3663, a daily risky level at 3725, the August 5 multi-year high at 3694.18, and semiannual risky level at 3759.

NASDAQ 100 (NDX) (3130) Monthly, weekly, quarterly and annual value levels are 3080, 3050, 2983 and 2463 with the August 5 multi-year high at 3145.25, and daily and semiannual risky levels at 3173 and 3304. Dow Transports (6521) Annual and quarterly value levels are 5925, 5469 and 5348 with a weekly pivot at 6475, a daily risky level at 6673, the August 1 all time high at 6686.86, and monthly and semiannual risky levels at 7087 and 7104. Russell 2000 (1049.47) Quarterly and annual value levels are 863.05, 860.25 and 809.54 with daily and weekly risky levels at 1063.10 and 1053.08, the August 5 all time high at 1063.52, and monthly and semiannual risky levels at 1092.24 and 1089.42. The SOX (474.31) Quarterly and annual value levels are 404.59 and 338.03 with daily and weekly risky levels at 487.12 and 481.22, and monthly and semiannual risky levels at 513.89 and 533.56. Dow Utilities: (505.67) My weekly value level is 501.01 with a daily pivot at 505.58, and quarterly, semiannual, monthly and annual risky levels at 510.38, 523.33, 530.15 and 540.37. Stock of the Day Here is today's stock of the day from Richard Suttmeier's Morning Briefing Newsletter. Foster Wheeler (FWLT) ($24.09) Foster Wheeler AG, formerly Foster Wheeler Limited, along with its subsidiaries provide construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, and power plant operation and maintenance sectors worldwide. It operates through two business groups, the Global Engineering & Construction Group (E&C) and the Global Power Group. The former Group designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; oil refining; and chemical, petrochemical, pharmaceutical, biotechnology, healthcare, and related infrastructure facilities. The Global Power Group designs, manufactures, and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities. The company focuses on safely delivering costeffective, technically-advanced services, facilities and equipments.

Analysis Foster Wheeler has a Hold rating according to ValuEngine with fair value at $23.10, which makes the stock slightly overvalued, The ValuEngine one-year price target is $20.85.The daily chart for Foster Wheeler shows rising momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $21.86, $22.45 and $22.90. My monthly pivot is $23.33 with semiannual risky levels at $25.04 and $25.86.

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