January 17, 2014

VALUATION WARNING: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks now make up 85.19% of our stocks assigned a valuation and 53.33% of those equities are calculated to be overvalued by 20% or more. ALL sectors are again calculated to be overvalued--15 of them by double digits.

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IBM (IBM) is an information technology (IT) company. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The Global Technology Services segment provides IT infrastructure services and business process services. The Global Business Services segment offers professional services and application management services. The Software segment consists primarily of middleware and operating systems software. The Systems and Technology segment provides computing power and storage solutions; and semiconductor technology products and packaging solutions. The Global Financing segment invests in financing assets, leverages with debt and manages the associated risks. IBM is headquartered in Armonk, New York.

ValuEngine continues its BUY recommendation on IBM for 2014-01-16. Based on the information we have gathered and our resulting research, we feel that IBH has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Volatility.

Read our Detailed Valuation Report, a $25 value, for FREE HERE.

Sector Talk--Medical

  Below, we present the latest data on Medical stocks from our Institutional software package (VEI).    Top five lists are provided for each category.  We applied some basic liquidity criteria--share price greater than $3 and average daily volume in excess of 100k shares. 

Please Click Here to Download a FREE Demo of ValuEngine's Professional VEI Software Package.

Top-Five Medical Stocks--Short-Term Forecast Returns

Top-Five Medical Stocks--Long-Term Forecast Returns

Top-Five Medical Stocks--Composite Score

Top-Five Medical Stocks--Most Overvalued

Find out what Wall Street Investment and Media Professionals already know,
ValuEngine offers sophisticated stock valuation and forecast research as well as a variety of portfolio screening and creation tools.

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What's Hot--Suttmeier Nominated for Award by TheStreet.com

ValuEngine Chief Market Strategist Richard Suttmeier is a prolific contributor to TheStreet.com. His work has been nominated for two Sigma Delta Chi awards as part of that financial portal's content from 2013. The Sigma Chi Delta Awards are presented annually by the Society of Professional Journalists. They recognize excellence in journalism and reporting.

You can check out Richard's nominated work by clicking the links below:

Investing from the Cradle to the Grave
Bad CEO: Let's Fire Bernanke
Obamacare Delay is Good for Health Stocks
Keep Your Toan Car, Trade in Ford Stock
The United States Does Not Need a Debt Ceiling
Apple's Turnover: 2013's Buying Opportunity

--VE Market Neutral Long-Side Performance

The long-side selections in our market neutral portfolio newsletter had an outstanding month.We saw eleven of sixteen positions post positive gains. We had big returns from eight stocks including gains in excess of 30% from Tsako Energy Nav and Daqo New Energy. Only Energy Recovery and SuperValu posted significant declines on our long side.

  Here are the primary long selections and their performance for the month.

FIND OUT MORE HERE

--VE Web Log (BLOG) Consolidates Content

We have added a blog to the VE Website. This new section consolidates all of our free content in one easily accessible location. Of special note is the work of our Chief Market Strategist Richard Suttmeier. Suttmeier, a prolific market analyst and commnetator, writes for forbes, thestreet.com, and many other investor websites. Check out our new blog page for one-stop access to all of his work as well as other bulletins and analysis based on ValUEngine's award-winning stock valuation and forecast services.

Check out our new blog page HERE

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--(2.843) Weekly and monthly value levels are 3.042 and 3.653 with daily, quarterly,annual and semiannual risky levels at 2.820, 2.628, 2.263, 1.837 and 1.779.

Commodities and Forex

Comex Gold –($1242.2) Weekly and monthly value levels are $1177.9 and $1112.1 with a daily pivot at $1240.6 and quarterly and annual risky levels at $1385.0, $1710.6, $1747.4, $1818.8 and $1857.1.

Nymex Crude Oil – ($94.12) My daily value level is $92.57 with a quarterly pivot at $93.35 and weekly, monthly, semiannual and annual risky levels at $97.64, $104.80, $104.97 and $107.52.

The Euro – (1.3618) Quarterly, annual and semiannual value levels are 1.3482, 1.3382, 1.2642 and 1.2216 with monthly and daily pivots at 1.3658 and 1.3622 and weekly and annual risky levels at 1.3816 and 1.5512.

Major Indices

Daily Dow: (16,417) Monthly, semiannual and annual value levels are 16,327, 16,245, 14,835 and
13,467 with daily and weekly pivots at 16,425 and 16,476, the Dec. 31 all-time intraday high at
16,588.25 and quarterly and semiannual risky levels at 16,761 and 16,860.

S&P 500 – (1845.9) Weekly, semiannual and annual value levels are 1838.8, 1797.3, 1764.4, 1539.1
and 1442.1 with my monthly pivot at 1847.0, the Jan. 15 all-time intraday high at 1850.84, and daily
and quarterly risky levels at 1851.9 and 1896.0.

NASDAQ – (4219) Semiannual and annual value levels are 4199, 3930, 3920, 3471 and 3063 with a
weekly pivot at 4205, the Jan. 16 multiyear intraday high at 4219.28 and daily, monthly and quarterly
risky levels at 4241, 4267 and 4274.

NASDAQ 100 (NDX) – (3611) Semiannual and annual value levels are 3458, 3456, 3078 and 2669
with a weekly pivot at 3610, the Jan. 15 multiyear intraday high at 3615.70 and daily, monthly and
quarterly risky levels at 3622, 3629 and 3714.

Dow Transports – (7457) Semiannual, weekly, monthly, quarterly and annual value levels are 7376,
7245, 7370, 7327, 7086, 6249 and 5935 with the Jan.15 all-time intraday high at 7508.74 and a daily
risky level at 7583.

Russell 2000 – (1173.12) Semiannual and annual value levels are 1163.75, 1133.29, 1130.79, 966.72
and 879.39 with the Jan. 16 all-time intraday high at 1173.13, and daily, quarterly and monthly risky
levels at 1178.85, 1180.35 and 1200.55.

The SOX – (541.05) Quarterly, weekly, weekly, semiannual and annual value levels are 536.98,
531.54, 490.52, 371.58 and 337.74 with a monthly pivot at 544.70, the Jan. 15 multiyear intraday high
at 545.75, and daily and semiannual risky levels at 547.78 and 548.36.

Dow Utilities: (492.70) Weekly and monthly value levels are 469.97 and 440.53 with daily, quarterly,
annual, semiannual and annual risky levels at 496.83, 496.84, 497.53, 504.74, 524.37 and 548.70.

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.

Verizon (VZ) – ($48.53) Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the world's largest provider of print and on-line directory information.

Analysis – Verizon has a buy rating according to ValuEngine with fair value at $50.32 which makes the stock 4.1% undervalued The one-year price target is $52.80. The daily chart shows rising momentum with the stock above its 21-day simple moving average at $48.42 but below its 50-day and 200-day simple moving averages at $49.17 and $49.60. My monthly value level is $44.04 with semiannual, annual and quarterly risky levels at $49.60, $50.75, $51.08 and $52.31.

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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