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The ValuEngine Weekly is an Investor Education newsletter focused on the quantitative approach to investing and the tools available from In today's fast-moving and globalized financial markets, it is easy to get overloaded with information. The winners will adopt an objective, scientific, independent and unemotional approach to investing. If you are not yet a member of ValuEngine's stock analysis service, sign up now for a two-week free trial at www.valuengine.com! ValuEngine.com.
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%
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
S&P 500
0.89 0.12 0.30 1.27
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.
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
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
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
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
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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--(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.
Our Chief Market Strategist Richard Suttmeier is a prolific market observer and you can find his content in a variety of places. His weekly column on Forbes provides insights into his "Buy and Trade" strategy while his daily market analysis can be followed and accessed at Scribd, Twitter, and Minyanville. Senior Editor Steve Hach re-posts PDFs and web-accessible copies of Daily and Weekly ValuEngine bulletins at Seeking Alpha and Scribd. In most cases, you can receive notification of VE content posting by Suttmeier and Hach by following the ValuEngine feed on twitter @ValuEngine. Links for this content are provided below, you may also find these links on our website HERE
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