April 4, 2016

VALUATION WATCH: Overvalued stocks now make up 40.98% of our stocks assigned a valuation and 12.47% of those equities are calculated to be overvalued by 20% or more. Six sectors are calculated to be overvalued.

UPGRADES

--ValuEngine Top-Five BUY/STRONG BUY Upgrades

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 combine all of the equities with a valuation calculation to track market valuation figures and use them as a metric for making calls about the overall state of the market.  Two factors can lower these figures-- a market pullback, or a significant rise in EPS estimates.

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.

So, for today's bulletin we used our website's advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. IEC Electronics Corp (IEC) is the leader here.

Below is today's data on IEC Electronics Corp (IEC):

IEC Electronics Corp. is a full service, ISO 9001 and 9002 certified, contract manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. IEC offers its customers a wide range of manufacturing and management services, on either a turnkey or consignment basis, including design prototyping, material procurement and control, concurrent engineering services, manufacturing and test engineering support, statistical quality assurance and complete resource management.

VALUENGINE RECOMMENDATION: ValuEngine updated its recommendation from HOLD to BUY for IEC ELECTRS NEW on 2016-04-01. Based on the information we have gathered and our resulting research, we feel that IEC ELECTRS NEW has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Price Sales Ratio.

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

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	4.68	1.18%
3-Month	4.68	1.04%
6-Month	4.70	1.56%
1-Year	5.29	14.25%
2-Year	4.55	-1.75%
3-Year	3.61	-21.93%

Valuation & Rankings
Valuation	13.39% undervalued	Valuation Rank(?)	67
1-M Forecast Return	1.18%	1-M Forecast Return Rank	99
12-M Return	26.85%	Momentum Rank(?)	91
Sharpe Ratio	-0.32	Sharpe Ratio Rank(?)	37
5-Y Avg Annual Return	-12.51%	5-Y Avg Annual Rtn Rank	37
Volatility	39.02%	Volatility Rank(?)	47
Expected EPS Growth	54.55%	EPS Growth Rank(?)	78
Market Cap (billions)	0.05	Size Rank	28
Trailing P/E Ratio	14.03	Trailing P/E Rank(?)	78
Forward P/E Ratio	9.08	Forward P/E Ratio Rank	83
PEG Ratio	0.26	PEG Ratio Rank	72
Price/Sales	0.36	Price/Sales Rank(?)	85
Market/Book	4.66	Market/Book Rank(?)	24
Beta	0.31	Beta Rank	74
Alpha	0.17	Alpha Rank	87

DOWNLOAD A FREE SAMPLE OF OUR IEC ELECTRONICS REPORT BY CLICKING HERE

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