The overall number of stocks undervalued according to ValuEngine models has steadily dropped to approximately 50%. This means that roughly half of the companies covered by ValuEngine are undervalued, and half are overvalued. That might sound ok, but only a few months ago over 92% of all stocks covered were undervalued, so it represents a huge shift. Read on as always for updated numbers, and the stock pick of the day is a Vegas casino. The numbers indicate it will come on strong with the expected eventual end of the corona virus.
All of the approximately 5,000 stocks, 16 sector groups, and 140 industries have been updated on www.ValuEngine.com. Details and the weekly stock pick are below.
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Paul Henneman | President/CEO | support@ValuEngine.com | ValuEngine, Inc
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