October 10, 2014
Our Valuation WARNING is OFF: Valuation is now well within "normal" range. Overvalued stocks now make up 45.34% of our stocks assigned a valuation and 11.93% of those equities are calculated to be overvalued by 20% or more. Eleven sectors are calculated to be overvalued.
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ValuEngine's Newsletters Beat the Market Let ValuEngine Optimize your Portfolio and Provide Rational Advice for Smarter Investing Click HERE to Check Out ValuEngine's Investment Newsletters Free Download for ReadersAs a bonus to our Free Weekly Newsletter subscribers, Sears Holdings Corporation (SHLD), the parent of Kmart and Sears, Roebuck and Co., is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. Sears had some more trouble this week after Bloomberg News reported that a vendor had stopped shipments to the company over fears related to financing and insurance. Without some sort of insurance, vendors are worried that they may be stuck if Sears were to declare bankruptcy. Sears, for its part, notes that it has never made a late payment to a vendor and that they have ample resources to pay vendors. Our models have been down on the stock for most of the year so far, and we continue our STRONG SELL recommendation on Sears Holdings Corporation. Based on the information we have gathered and our resulting research, we feel that Sears Holdings Corporation has the probability to UNDERPERFORM average market performance for the next year. The company exhibits UNATTRACTIVE P/E Ratio and Momentum. As a bonus to our Newsletter readers, Read our Complete Detailed Valuation Report on Sears Holdings HERE.
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Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
AXAS |
ABRAXAS PETE/NV |
4.51 |
-37.57 |
61.65 |
PQ |
PETROQUEST ENGY |
4.96 |
-34.39 |
17.81 |
EGY |
VAALCO ENERGY |
8 |
N/A |
44.67 |
PEIX |
PAC ETHANOL INC |
12.23 |
N/A |
225.27 |
UPL |
ULTRA PETRO CP |
21.93 |
-46.56 |
3.35 |
Top-Five Energy Stocks--Long-Term Forecast Returns
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
AXAS |
ABRAXAS PETE/NV |
4.51 |
-37.57 |
61.65 |
PQ |
PETROQUEST ENGY |
4.96 |
-34.39 |
17.81 |
EGY |
VAALCO ENERGY |
8 |
N/A |
44.67 |
PEIX |
PAC ETHANOL INC |
12.23 |
N/A |
225.27 |
UPL |
ULTRA PETRO CP |
21.93 |
-46.56 |
3.35 |
Top-Five Energy Stocks--Composite Score
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
ECA |
ENCANA CORP |
21.09 |
-29.51 |
23.48 |
UPL |
ULTRA PETRO CP |
21.93 |
-46.56 |
3.35 |
AXAS |
ABRAXAS PETE/NV |
4.51 |
-37.57 |
61.65 |
CNQ |
CDN NTRL RSRCS |
35.83 |
-9.01 |
15.62 |
CSIQ |
CANADIAN SOLAR |
32.83 |
-5.2 |
79.99 |
Top-Five Energy Stocks--Most Overvalued
Ticker |
Name |
Mkt Price |
Valuation(%) |
Last 12-M Retn(%) |
POWR |
POWERSECURE INT |
9.55 |
273.03 |
-39.82 |
ATLS |
ATLAS ENERGY LP |
38.57 |
236.1 |
-26.52 |
FSLR |
FIRST SOLAR INC |
62.19 |
121.04 |
47.06 |
LNG |
CHENIERE ENERGY |
72.46 |
83.78 |
110.03 |
CVI |
CVR ENERGY INC |
43.09 |
59.54 |
19.23 |
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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--(2.328) Weekly and quarterly value levels are 2.500 and 3.258 with a monthly pivot at 2.448, and daily, annual and semiannual risky levels at 2.294, 2.263, 1.999 and 1.779.
30-Year Bond – (3.066) Annual and quarterly value levels are 3.283 and 3.963 with weekly, monthly, semiannual and annual pivots at 3.149, 3.089, 3.082 and 3.107 and daily risky level at 3.036.
Commodities and Forex
Comex Gold –($1223.4) Daily, weekly and quarterly value levels are $1209.7, 1176.22 and $906.43
with monthly, semiannual and annual risky levels at $1305.2, $1613.0, $1738.7 and $1747.4.
Nymex Crude Oil – ($85.25) A daily value level is $83.48 with a weekly pivot at $88.57 and monthly,
quarterly, semiannual, annual and quarterly risky levels at $100.07, $102.66, $106.48 and $107.52.
The Euro – (1.2687) Daily, weekly and semiannual value levels are 1.2611, 1.2417 and 1.2203 with
monthly, annual and quarterly risky levels at 1.3309, 1.3382 and 1.3603.
Major Indices
Daily Dow: (16659) Daily, semiannual and annual value levels are 16,636, 16310, 14835 and
13467 with the Sept. 19 all-time intraday high at 17350.64 and weekly, monthly, quarterly and
semiannual risky levels at 17512, 17779, 18045 and 18552.
S&P 500 – (1928.2) Daily, semiannual and annual value levels are 1923.9, 1789.3, 1539.1 and 1442.1
with the Sept. 19 all-time intraday high at 2019.26, and weekly, monthly, quarterly and semiannual risky
levels at 2039.3, 2079.2, 2094.2 and 2080.3.
NASDAQ – (4378) Daily, semiannual and annual value levels are 4358, 3972, 3471 and 3063 with the
Sept. 19 multiyear intraday high at 4610.57 and monthly, semiannual, weekly and quarterly risky levels
at 4609, 4642, 4691 and 4713.
NASDAQ 100 (NDX) – (3969) Daily, quarterly, semiannual and annual value levels are 3953, 3515,
3078 and 2669 with quarterly and semiannual risky levels at 4033 and 4105, the Sept. 19 multiyear
intraday high at 4118.91, and monthly and weekly risky levels at 4152 and 4220.
Dow Transports – (8054) Daily, semiannual and annual value levels are 8035, 7423, 6249 and 5935
with a semiannual pivot at 8447, the Sept. 19 all-time intraday high at 8714.94, and weekly, monthly
and quarterly risky levels at 8872, 8790 and 9418.
Russell 2000 – (1067.99) Daily and Annual value levels are 1058.16, 966.72 and 879.39 with
semiannual, monthly and semiannual risky levels at 1139.81, 1159.82 and 1179.36, the July 1 all-time
intraday high at 1213.55 and semiannual and quarterly risky levels at 1285.37 and 1292.59.
The SOX – (602.97) Daily, semiannual and annual value levels are 590.15, 512.94, 371.58 and 337.74
with a semiannual pivot at 608.02, the Sept. 19 multiyear intraday high 659.64, and weekly, quarterly
and monthly risky levels at 669.29, 687.65 and 691.22.
Dow Utilities: (558.07) Semiannual and annual value levels are 523.72 and 497.53 with daily, weekly,
annual and quarterly pivots at 561.62, 568.88, 548.70 and 553.35, the June 30 all-time intraday high at
576.98, and monthly and semiannual risky levels at 589.67 and 612.49.
Stock of the Day
One of the more popular features of Richard Suttmeier's Morning Briefing for investors is his stock of the day. In every issue, Suttmeier highlights one stock and provides VE data as well as his own proprietary technical data.
Here is today's stock of the day from Richard Suttmeier's Morning Briefing Newsletter:
Landstar (LSTR) – ($69.86) LANDSTAR SYSTEM, INC., through its operating subsidiaries, provides a
wide range of transportation services that operates the third largest truckload carrier in North America.
Analysis – Landstar has a Sell rating according to ValuEngine and is 20.26% overvalued with fair
value at $58.93 and one-year price target at $66.87. The daily chart shows declining stochastics with
the stock below its 21-day simple moving average at $71.52 and above its 50-day and 200-day simple
moving averages at $69.25 and $63.12. A semiannual value level is $67.20 with a quarterly risky level
at $73.85.
Courtesy MetaStock/Zenith
Richard Suttmeier, Chief Market Strategist at ValuEngine.com & Contributor to TheStreet.com
Richard Suttmeier has been a professional in the US Capital Markets since 1972 transferring his engineering skills to the trading and investment world. He earned a Bachelor of Industrial Engineering degree from Georgia Institute of Technology in 1966, and a Master of Science, Operations Research, Systems Analysis degree from Brooklyn Polytechnic University in 1970. Over the years Richard appeared many times in the financial media, on networks such as CNBC, CNN, CNNfn, New York 1, Bloomberg TV and radio, Fox Business, Business News Network in Canada, Wall Street Week with Fortune, Yahoo Finance Breakout, and the Bill Mazer Radio Show. In 2002, he anchored his own show on Yahoo Finance Vision called, "Traders' Club with Richard Suttmeier." Richard has been frequently quoted in USA Today, The NY Times, Wall Street Journal, Reuters, and The Dow Jones Newswires. Richard has made numerous speaking appearances in recent years to groups such as the Market Technicians Associations, the American Association of Individual Investors, Wells Fargo Advisors, the Executive Forum at the National Arts Club, and the Investors Roundtable of Wilmington NC.
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