ValuEngine Weekly: Computers and Tech Stocks, Office Depot,Valuation Watch, and More

This week, we provide top-five ranked VE data for our Computers and Technology stocks. We take a look at our latest data on Office Depot $ODP.

VALUATION: Overvalued stocks now make up 56.3% of our stocks assigned a valuation and 22.74% of those equities are calculated to be overvalued by 20% or more. Thirteen sectors are calculated to be overvalued. We no longer operate under a valuation watch since our measure of overvaluation has once again declined below 60%.

ValuEngine Index Overview

Index Week Open Thursday PM Change % Change YTD
DJIA 21577.78 21707.41 129.63 0.60% 9.84%
NASDAQ 6387.82 6337.93 -49.89 -0.78% 17.74%
RUSSELL 2000 1435.82 1433.58 -2.24 -0.16% 5.63%
S&P 500 2472.04 2463.23 -8.81 -0.36% 10.02%

ValuEngine Market Overview

Summary of VE Stock Universe
Stocks Undervalued 43.7%
Stocks Overvalued 56.3%
Stocks Undervalued by 20% 19.77%
Stocks Overvalued by 20% 22.74%

ValuEngine Sector Overview

Sector Change MTD YTD Valuation Last 12-MReturn P/E Ratio
Computer and Technology -0.32% 3.70% 22.07% 15.67% overvalued 21.07% 31.77
Aerospace -0.25% 1.67% 5.28% 10.72% overvalued 30.61% 21.60
Utilities -0.12% 1.80% 13.75% 8.95% overvalued 11.69% 25.94
Industrial Products -0.17% 1.12% 8.65% 8.35% overvalued 20.44% 24.61
Consumer Discretionary 0.07% 0.87% 11.64% 6.66% overvalued 16.91% 26.68
Finance -0.22% 1.50% 7.47% 6.44% overvalued 15.52% 18.56
Construction -0.04% 0.44% 11.48% 5.46% overvalued 14.73% 21.65
Business Services 0.17% 1.11% 6.79% 4.17% overvalued 7.23% 25.48
Auto-Tires-Trucks -0.64% -0.30% 14.55% 3.66% overvalued 27.41% 14.38
Transportation -0.47% 1.27% 10.52% 2.99% overvalued 15.81% 21.19
Consumer Staples -0.23% 0.58% 5.40% 2.08% overvalued 7.93% 25.00
Medical -0.57% -0.20% 17.31% 1.75% overvalued 10.74% 29.27
Multi-Sector Conglomerates -0.78% 0.97% 10.94% 1.60% overvalued 12.45% 20.64
Basic Materials -0.00% 2.53% 9.09% 3.52% undervalued 10.83% 25.02
Retail-Wholesale 0.20% -0.53% 0.38% 6.69% undervalued 1.37% 23.32
Oils-Energy 0.54% 1.83% -1.99% 9.05% undervalued -1.32% 29.07

Sector Talk–Computers and Technology

Below, we present the latest data on Computers and Technology stocks from our Professional Stock Analysis Service. 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.

Top-Five Computers and Technology Stocks–Short-Term Forecast Returns

Ticker Name Mkt Price Valuation (%) Last 12-M Return (%)
MU MICRON TECH 29.81 -18.11% 103.20%
FNJN FINJAN HOLDINGS 3.2 N/A 67.54%
WDC WESTERN DIGITAL 92.96 -8.39% 72.98%
IDCC INTERDIGITL INC 78.2 -3.02% 32.90%
SMI SEMICON MFG-ADR 5.85 -32.20% 42.34%

Top-Five Computers and Technology Stocks–Momentum

Ticker Name Mkt Price Valuation (%) Last 12-M Return (%)
STRP STRAIGHT PATH 179.58 N/A 935.64%
AAOI APPLIED OPTOELE 98.76 33.80% 679.48%
ANY SPHERE 3D CORP 4.66 N/A 471.71%
KEM KEMET CORP 17.1 173.29% 401.47%
BZUN BAOZUN INC 32.85 N/A 351.24%

Top-Five Computers and Technology Stocks–Composite Score

Ticker Name Mkt Price Valuation (%) Last 12-M Return (%)
MU MICRON TECH 29.81 -18.11% 103.20%
WDC WESTERN DIGITAL 92.96 -8.39% 72.98%
SMI SEMICON MFG-ADR 5.85 -32.20% 42.34%
ON ON SEMICON CORP 15.64 -12.67% 53.79%
HPQ HP INC 19.26 -3.98% 35.83%

Top-Five Computers and Technology Stocks–Most Overvalued

Ticker Name Mkt Price Valuation (%) Last 12-M Return (%)
SGMS SCIENTIFIC GAME 39 253.38% 249.78%
AMD ADV MICRO DEV 14.76 190.08% 111.46%
KEM KEMET CORP 17.1 173.29% 401.47%
ITI ITERIS INC 6.36 145.54% 88.17%
ADSK AUTODESK INC 114.08 140.90% 94.18%

 

Free Download for Readers

As a bonus to our Free Weekly Newsletter subscribers,
we are offering a FREE DOWNLOAD of one of our Stock Reports

Office Depot, Inc. (ODP) is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car. The companyoperates under several banner brands including Office Depot, OfficeMax and Grand & Toy. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

VALUENGINE RECOMMENDATION: ValuEngine continues its STRONG BUY recommendation on Office Depot for 2017-07-26. Based on the information we have gathered and our resulting research, we feel that Office Depot 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 Office Depot, Inc. (ODP) from the link below.

Read our Complete Rating and Forecast Report HERE.

ValuEngine Forecast
Target
Price*
Expected
Return
1-Month 5.97 1.45%
3-Month 5.72 -2.70%
6-Month 5.79 -1.58%
1-Year 6.91 17.47%
2-Year 5.29 -9.99%
3-Year 4.71 -19.95%
Valuation & Rankings
Valuation 41.40% undervalued Valuation Rank(?) 90
1-M Forecast Return 1.45% 1-M Forecast Return Rank 100
12-M Return 67.05% Momentum Rank(?) 91
Sharpe Ratio 0.33 Sharpe Ratio Rank(?) 67
5-Y Avg Annual Return 19.20% 5-Y Avg Annual Rtn Rank 86
Volatility 58.19% Volatility Rank(?) 28
Expected EPS Growth 1.92% EPS Growth Rank(?) 23
Market Cap (billions) 3.17 Size Rank 76
Trailing P/E Ratio 11.31 Trailing P/E Rank(?) 90
Forward P/E Ratio 11.09 Forward P/E Ratio Rank 81
PEG Ratio 5.88 PEG Ratio Rank 7
Price/Sales 0.31 Price/Sales Rank(?) 91
Market/Book 2.03 Market/Book Rank(?) 54
Beta 2.72 Beta Rank 7
Alpha 0.14 Alpha Rank 75

ValuEngine.com is an Independent Research Provider (IRP), producing buy/hold/sell recommendations, target price, and valuations on over 5,000 US and Canadian equities every trading day.
Contact ValuEngine at (800) 381-5576 or support@valuengine.com  
Visit www.ValuEngine.com for more information

 

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Contact ValuEngine Capital at info@valuenginecapital.com
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