Stocks continue to trade under a ValuEngine valuation warning with 76.1% of all stocks overvalued, 43.4% are overvalued by 20% or more. 15 of 16 sectors are overvalued, 14 by double-digit percentages.
Here is my table on data for the nine stocks reporting results on Tuesday:
Reading the Table
Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
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.
Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.
A level between a value level and risky level that should be a magnet during the time frame noted.
Price at which to enter a GTC limit order to sell on strength.
($44.10) set a multi-year high at $48.47 on May 16 then traded as low as $40.08 on June 24. My monthly value level is $43.27 with my annual risky level at $51.76.
(BA - Get Report)
($106.86) set a multi-year high at $108.15 on July 12 and traded as low as $98.99 that same day. My monthly value level is $103.24 with a weekly pivot at $105.72 and semiannual risky level at $109.49.
(CAT - Get Report)
($86.00) has been the poster child for disappointing news since setting a multi-year high at $116.95 on Feb. 24, 2012. The stock is resting between its 50-day SMA at $85.18 and its 200-day SMA at $87.67. My weekly value level is $82.80 with a monthly risky level at $90.31.