Académique Documents
Professionnel Documents
Culture Documents
If you no longer wish to receive this free newsletter, CLICK HERE to unsubscribe
The ValuEngine Weekly is an Investor Education newsletter focused on the quantitative approach to investing and the tools available from ValuEngine.com. 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!
MARKET OVERVIEW
Index
DJIA NASDAQ RUSSELL 2000 S&P 500
started week
11934.73 2681.1 797.33 1268.44
Thursday Close
12414.34 2740.49 827.43 1320.64
4 day change
479.61 59.39 30.1 52.2
4 day change %
4.02% 2.22% 3.78% 4.12%
ytd
7.98% 5.27% 5.53% 5.68%
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
1.21% 1.30% 0.91% 0.95% 1.25% 1.20% 0.89% 1.05% 0.66% 1.71% 0.81% 0.98% 1.00% 0.54% 0.64% 0.52%
MTD
3.17% 4.30% -1.48% -0.09% -1.76% -5.33% -0.92% -0.69% -0.16% 3.39% -1.49% 0.87% -2.40% 2.07% -0.55% -0.10%
YTD
14.70% -6.00% -6.14% 7.71% 6.95% -10.19% 2.50% -5.97% 1.98% 3.44% 13.37% 2.56% -0.58% 7.24% -4.57% 5.19%
Valuation
4.14% overvalued 1.39% overvalued 4.60% undervalued 3.79% overvalued 0.37% overvalued 5.13% undervalued 0.74% undervalued 3.74% overvalued 0.38% undervalued 0.61% undervalued 1.09% undervalued 24.36% overvalued 5.01% overvalued 3.43% overvalued 11.08% overvalued 7.37% overvalued
Last 12MReturn
37.97% 60.10% 54.66% 24.35% 37.83% 9.93% 33.48% 22.02% 16.78% 36.14% 26.52% 41.09% 47.28% 38.32% 25.73% 27.99%
P/E Ratio
18.85 19.82 34.74 27.74 38.64 28.7 32.09 31.74 27.83 29.14 30.2 26.03 55.86 34.78 22.56 23.93
Name
CENTURY ALUM CO OWENS-ILLINOIS TENARIS SA-ADR FUSHI COPPERWLD FUEL TECH INC
Mkt Price
15.65 25.81 45.73 5.73 6.63
Valuation(%)
-26.45 -11.62 2.75 -43.25 -52.11
Name
ENERGY RECOVERY METABOLIX INC SPARTECH CORP TENARIS SA-ADR OWENS-ILLINOIS
Mkt Price
3.27 7.14 6.09 45.73 25.81
Valuation(%)
77.33 -44.54 6.34 2.75 -11.62
Name
DEERE & CO OWENS-ILLINOIS FLOWSERVE CORP CNH GLOBAL NV AGCO CORP
Mkt Price
82.45 25.81 109.89 38.65 49.36
Valuation(%)
-2.87 -11.62 -9.35 7.58 -21.57
Name
ENERGY RECOVERY COLEMAN CABLE MUELLER INDS ENPRO INDUS INC IROBOT CORP
Mkt Price
3.27 14.69 37.91 48.07 35.29
Valuation(%)
77.33 70.49 56.59 54.35 41.8
Not a ValuEngine Premium Website member? Then please consider signing up for our no obligation, two-week free trial today. ValuEngine's award-winning stock Valuation and Forecast Models continue to provide investors with accurate, objective, and timely information on more than 5,700 US stocks, ADRs, and foreign equities that trade on US markets. Over the last few months, our stock picks have provided clients with many winners in both up and down periods Please Click Here to Sign Up for a FREE TRIAL of Our Award-Winning Stock Valuation and Forecast Service
Weekly Subscribers can download a FREE Detailed Valuation Report on BRFS HERE. If you have not subscribed and want to be able to receive a FREE $ 25.00 Detailed Valuation Report, you can subscribe to our Free Weekly Newsletter HERE.
The Hard Trade Premium Newsletter is now available on our website HERE Click HERE to download a free sample of The Hard Trade
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--(3.166) The monthly chart shows the 120-month simple moving average at 4.041 as the yield down trend support. If you connect the lows you have a yield up trend. The record low yield at 2.016 occurred in Dec 2008, which is when the Federal Reserve cut the funds rate to 0 to %. Yields have been rising since then. I have a new quarterly risky level at 3.052, so we need a weekly close below that yield. Otherwise the risk is to my annual value level at 3.791 in the second half of 2011. Commodities and Forex Comex Gold--($1499.2) The monthly chart is extremely overbought with gold in a parabolic bubble. Daily, weekly, semiannual and annual value levels are $1488.0, $1471.6, $1452.6 and $1356.5 with monthly risky level at $1547.9. We need a weekly close in July above $1547.9 to inflate the bubble further as semiannual and quarterly risky levels are $1644.8 and $1655.1. Nymex Crude--($94.80) Daily and weekly value levels are $93.08 and $80.26 with my annual pivots at $99.91 and $101.92, and quarterly, semiannual and monthly risky levels at $102.40, $103.93, $107.90 and $113.37. A close in July below the five-month modified moving average at $96.25 shifts the monthly chart profile to negative. The Euro-- (1.4502) Daily, monthly, weekly and quarterly value levels are 1.4420, 1.4133, 1.3744 and 1.3728 with semiannual and annual risky levels at 1.4752, 1.4872, 1.6367 and 1.7312. My best guess is that the downside risk for the euro exceeds the upside potential in the second half of 2011.
Major Indices Equity Fundamentals end the First Half of 2011 NEUTRAL. 49.5% of all stocks are undervalued / 50.5% of all stocks are overvalued. Six sectors are undervalued with Construction the cheapest undervalued by just 5.1%. Ten sectors are overvalued Transportation by 11.1% and Multi-Sector Conglomerates by 24.4%. Key Levels for the Major Equity Averages Dow --(12,414) The monthly chart shows overbought MOJO with the five-month modified moving average at 12,011 with monthly, quarterly and annual risky levels at 13,155, 13,839 and 13,890. My annual value level lags at 11,491. The 120-month simple moving average is 10,547. A close in July below 12,011 indicates significant downside risks given a subsequent close below 11,491 as semiannual value levels lag at 9,635 and 8,468. S&P 500--(1320.6) Daily, weekly, annual and semiannual value levels are 1312.8, 1241.3, 1210.7, 981.3 and 855.7 with monthly, quarterly and annual risky levels at 1422.8, 1467.0 and 1562.9. NASDAQ (2774) Weekly, annual and semiannual value levels are 2583, 2335, 2199 and 2049 with daily, monthly, quarterly and annual risky levels at 2975, 3109 and 3243. NASDAQ 100 (NDX) (2325) Weekly, semiannual and annual value levels are 2172, 1951, 1861 and 1723 with daily, monthly, annual and quarterly risky levels at 2338, 2483, 2590 and 2630. Dow Transports (5424) Annual, weekly and semiannual value levels are 5179, 5058, 4335 and 3868 with daily, quarterly and annual risky levels at 5443, 6112 and 6131. Russell 2000 (827.43) Annual, weekly and semiannual value levels are 784.16, 756.79, 577.47 and 530.04 with daily, monthly, quarterly and annual risky levels at 834.62, 924.95, 930.83 and 978.58. The SOX (410.35) Weekly, annual and semiannual value levels are 382.62, 270.98, 258.97 and 204.67 with a daily pivot at 412.84 and monthly, quarterly and annual risky levels at 482.54, 493.22 and 531.14. Note: For my technical momentum metrics--"MOJO"--I use whats called 12x3x3 slow stochastic readings from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0 is overbought and below 2.0 is oversold.
Holidays
ValuEngine Sends Best Wishes to All American and Canadian Readers!
With the ValuEngine Click HERE to Forecast 16 Market Neutral Strategy Sign Up for Portfolio Newsletter, ValuEngine's you can run your own Best portfolio like a hedge fund to manage risk and Performing profit in any market Newsletter environment.
If you are reading this you should sign up for ValuEngine's award- To Sign Up for winning stock valuation a FREE and forecast service at the low price of $19.95/ TRIAL, Please Click HERE month! NO OBLIGATION, Two Week FREE TRIAL!
We provide a variety of means for accessing ValuEngine market analysis and other content. You can find us on some of the leading financial media websites as well as the more popular social media services. While our own website ValuEngine.com provides access to lots of analysis--and you can always sign up to receive email daily and weekly bulletins HERE, some users prefer to download PDF reports of content while others prefer to garner info while browsing the web. 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 Intelligent Investing with Richard Suttmeier Articles by Richard Suttmeier | Articles by Steve Hach Newsletters, Articles and Other Research Pieces Articles by Richard Suttmeier | Articles by Steve Hach Get short, timely messages from ValuEngine Inc Daily Bulletin PDFs, Weekly Newsletter PDFs, and PDF Research Reports