Applied Materials Still Top NASDAQ Stock For ValuEngine.com

 

VALUATION WARNING: Overvalued stocks now make up 67.66% of our stocks assigned a valuation and 33.15% of those equities are calculated to be overvalued by 20% or more. Fifteen sectors are calculated to be overvalued.

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.

We can use our data to track individual stocks, industries, sectors, and indices. For today’s bulletin, we present key metrics for the top picks in the NASDAQ 100. The companies listed below represent the top-ten BUY and STRONG BUY stocks within the index. They are presented below according to their one-month forecast target prices.

Since we last reported on the NASDAQ back in December, we find a NASDAQ top-ten list that is little changed with minimal turnover. We only have one new component this month, CSX Corp. The newcomer replaced Seagate Technologies.

At the top of our list, we see little change as both Applied Materials and LAM Research have retained their number one and number two positions respectively. Cisco Systems also managed to hold on to its position in ninth.

American Airlines, CA Inc, and Broadcom LTD managed to move up a few spots while Qualcomm and Netease declined.

Note too, all of these companies are BUY-rated with the exception of leader Applied Materials. That company remains a STRONG BUY.

Ticker
Company Name
Market Price
Valuation
Last 12-M Retrn
1-M Forecast Retn
1-Yr Forecast Retn
P/E Ratio
Sector
12-8-2016 Leaders
AMAT
APPLD MATLS INC
32.24
0.23%
74.55%
1.08%
12.93%
15.91
Computer and Technology
AMAT
LRCX
LAM RESEARCH
107.32
8.58%
38.07%
0.88%
10.52%
15.38
Computer and Technology
LRCX
AAL
AMER AIRLINES
46.7
32.82%
14.15%
0.86%
10.36%
7.09
Transportation
QCOM
PCAR
PACCAR INC
66.22
35.68%
40.42%
0.77%
9.24%
16.98
Auto-Tires-Trucks
NTES
QCOM
QUALCOMM INC
65.47
5.94%
30.63%
0.77%
9.21%
15.81
Computer and Technology
PCAR
NTES
NETEASE INC
218.7
-7.47%
27.06%
0.64%
7.71%
16.90
Computer and Technology
STX
CA
CA INC
32.81
15.72%
16.51%
0.61%
7.28%
13.96
Computer and Technology
AAL
AVGO
BROADCOM LTD
177.07
-3.41%
24.45%
0.56%
6.74%
17.10
Computer and Technology
CA
CSCO
CISCO SYSTEMS
30.1
6.33%
13.97%
0.53%
6.34%
14.07
Computer and Technology
CSCO
CSX
CSX CORP
36.63
38.26%
42.03%
0.53%
6.33%
20.46
Transportation
AVGO

NOTE: New stocks are in BOLD, old stocks that have moved up the list are in GREEN, old stocks that have declined in position are in RED, and stocks which have retained their position are in CAPS.

Below is today’s data on CSX Corporation (CSX):

CSX Corporation’s unique combination of rail, container-shipping, intermodal and logistics services provides global reach that’s second to none. The company’s goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.

VALUENGINE RECOMMENDATION: ValuEngine continues its BUY recommendation on CSX Corporation for 2017-01-04. Based on the information we have gathered and our resulting research, we feel that CSX Corporation has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and Momentum.

You can download a free copy of detailed report on Qualcomm (QCOM) from the link below.

ValuEngine Forecast
Target
Price*
Expected
Return
1-Month
36.82 0.53%
3-Month
37.66 2.82%
6-Month
38.78 5.86%
1-Year
38.95 6.33%
2-Year
43.78 19.51%
3-Year
48.88 33.44%

 

Valuation & Rankings
Valuation
38.26% overvalued
Valuation Rank(?)
14
1-M Forecast Return
0.53%
1-M Forecast Return Rank
86
12-M Return
42.03%
Momentum Rank(?)
79
Sharpe Ratio
0.52
Sharpe Ratio Rank(?)
79
5-Y Avg Annual Return
10.68%
5-Y Avg Annual Rtn Rank
74
Volatility
20.45%
Volatility Rank(?)
71
Expected EPS Growth
9.50%
EPS Growth Rank(?)
38
Market Cap (billions)
36.46
Size Rank
97
Trailing P/E Ratio
20.46
Trailing P/E Rank(?)
63
Forward P/E Ratio
18.69
Forward P/E Ratio Rank
41
PEG Ratio
2.15
PEG Ratio Rank
22
Price/Sales
3.37
Price/Sales Rank(?)
32
Market/Book
3.12
Market/Book Rank(?)
39
Beta
1.19
Beta Rank
31
Alpha
0.22
Alpha Rank
79

DOWNLOAD A FREE SAMPLE OF OUR CSX CORPORATION (CSX) REPORT BY CLICKING HERE


ValuEngine Market Overview

Summary of VE Stock Universe
Stocks Undervalued
32.34%
Stocks Overvalued
67.66%
Stocks Undervalued by 20%
13.5%
Stocks Overvalued by 20%
33.15%

ValuEngine Sector Overview

Sector
Change
MTD
YTD
Valuation
Last 12-MReturn
P/E Ratio
1.02%
2.48%
2.48%
21.90% overvalued
28.13%
26.74
1.13%
2.19%
2.19%
20.12% overvalued
25.78%
24.94
1.04%
1.68%
1.68%
19.95% overvalued
16.41%
20.07
0.97%
1.66%
1.66%
18.08% overvalued
16.79%
18.41
1.68%
2.33%
2.33%
16.35% overvalued
12.94%
20.77
1.12%
1.95%
1.95%
13.87% overvalued
25.12%
20.73
1.53%
3.21%
3.19%
13.20% overvalued
72.16%
27.71
1.08%
2.69%
2.69%
13.00% overvalued
11.57%
18.54
0.72%
1.01%
1.01%
12.68% overvalued
11.12%
25.01
1.29%
2.64%
2.64%
12.59% overvalued
20.35%
22.12
1.11%
1.88%
2.46%
9.74% overvalued
14.29%
31.24
0.97%
2.52%
2.52%
9.43% overvalued
25.23%
15.13
0.60%
0.88%
0.88%
7.30% overvalued
11.62%
24.11
0.86%
1.42%
1.42%
6.96% overvalued
19.64%
24.48
1.50%
2.79%
2.79%
6.09% overvalued
7.21%
23.38
1.90%
3.62%
3.62%
4.89% undervalued
-8.15%
28.43
ValuEngine.com is an independent research provider, producing buy/hold/sell recommendations, target price, and valuations on over 7,000 US and Canadian equities every trading day.
Visit www.ValuEngine.com for more information

 

Leave a Comment