November 9, 2015

VALUATION WATCH: Overvalued stocks now make up 52.06% of our stocks assigned a valuation and 19.87% of those equities are calculated to be overvalued by 20% or more. Nine sectors are calculated to be overvalued--with one overvalued by double digits.

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--ValuEngine Top-Five UPGRADES for the Day

ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities.  When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and 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. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.

We also use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.

Below, we present the latest top-five list of UPGRADED stocks from our models. They are presented according to their one-month forecast return figures. We only posted firms with full data coverage here--meaning they have valuation metrics as well. REITs and Insurance firms dominate the list. However, Covenant Transport is today's leader in terms of overall forecast predictions.

Below is today's data on Covenant Transportation (CVTI):

Covenant Transport, Inc. is a truckload carrier that offers just-in-time and other premium transportation service for customers throughout the United States.

VALUENGINE RECOMMENDATION: ValuEngine updated its recommendation from BUY to STRONG BUY for COVENANT TRANS on 2015-11-06. Based on the information we have gathered and our resulting research, we feel that COVENANT TRANS has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Price Sales Ratio.

You can download a free copy of detailed report on CVTI from the link below.

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	22.13	1.15%
3-Month	22.25	1.67%
6-Month	22.12	1.08%
1-Year	24.91	13.83%
2-Year	20.52	-6.23%
3-Year	19.10	-12.70%

Valuation & Rankings
Valuation	20.52% undervalued	Valuation Rank(?)	79
1-M Forecast Return	1.15%	1-M Forecast Return Rank	99
12-M Return	5.50%	Momentum Rank(?)	69
Sharpe Ratio	0.44	Sharpe Ratio Rank(?)	80
5-Y Avg Annual Return	19.39%	5-Y Avg Annual Rtn Rank	91
Volatility	44.35%	Volatility Rank(?)	40
Expected EPS Growth	14.00%	EPS Growth Rank(?)	51
Market Cap (billions)	0.33	Size Rank	51
Trailing P/E Ratio	10.94	Trailing P/E Rank(?)	88
Forward P/E Ratio	9.60	Forward P/E Ratio Rank	84
PEG Ratio	0.78	PEG Ratio Rank	50
Price/Sales	0.45	Price/Sales Rank(?)	83
Market/Book	1.67	Market/Book Rank(?)	57
Beta	1.23	Beta Rank	30
Alpha	-0.11	Alpha Rank	42

DOWNLOAD A FREE SAMPLE OF OUR COVENANT TRANSPORT (CVTI) REPORT BY CLICKING HERE
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