On Sept. 11 I wrote Energy Stocks Outperforming Crude Oil where I explained the tug of war between the anticipation of QE3 vs. the slowing global economy.
Today I update the profiles for some of the stocks shown in these two posts.
Reading the TableOV/UN Valued: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
VE Rating: A "1-Engine" rating is a strong sell, a "2-Engine" rating is a sell, a "3-Engine" rating is a hold, a "4-Engine" rating is a buy and a "5-Engine" rating is a strong buy.Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage. Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months. Value Level: The price at which to enter a GTC limit order to buy on weakness: W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual. Pivot: A level between a value level and risky level that should be a magnet during the time frame noted. Risky Level: is the price at which to enter a GTC limit order to sell on strength. Apache (APA) ($86.41 vs. $86.12 on Aug. 1) continues to have a buy rating according to ValuEngine with a favorable price-to-earnings ratio. APA is below its 200-day SMA at $92.26. APA is well below its February 24 high at $112.09 with the June 4 low at $77.93.