{"id":3817,"date":"2026-02-13T18:18:31","date_gmt":"2026-02-13T18:18:31","guid":{"rendered":"http:\/\/blog.valuengine.com\/?p=3817"},"modified":"2026-02-13T18:19:42","modified_gmt":"2026-02-13T18:19:42","slug":"perspectives-on-rotations-into-value-small-cap-developed-and-emerging-markets","status":"publish","type":"post","link":"http:\/\/blog.valuengine.com\/index.php\/perspectives-on-rotations-into-value-small-cap-developed-and-emerging-markets\/","title":{"rendered":"Perspectives on Rotations Into Value, Small-Cap, Developed and Emerging Markets"},"content":{"rendered":"<p>After hearing for five years about the valuation bubbles that would cause <b>QQQ<\/b> and <b>SPY <\/b>to suffer imminent crashes, net cash flows from major institutions are starting to agree.\u00a0 Themes of rotation out of large cap US growth stocks and into small cap and\/or value stocks and\/or international stocks continue to dominate market commentary.\u00a0 The continuing wane of confidence in the strength of the US dollar has also been a major subtext in the 12-month out-performance by foreign stock benchmark index ETFs.\u00a0 Our last two ValuEngine weekly updates have covered these themes as well.\u00a0 Another oft-cited theme is that we are now in a stock-pickers market where earnings growth and surprises are still important, but perhaps at more reasonable prices.<\/p>\n<p style=\"text-align: center;\"><strong>Trade ValuEngine supported portfolio strategies, <a href=\"http:\/\/www.valuenginecapital.com\/\" target=\"_blank\" rel=\"noopener\">www.ValuEngineCapital.com<\/a><\/strong><\/p>\n<p>Accordingly, we\u2019ve run a screen among the equities we follow to find the stocks rated <b>4 <\/b>(Buy) and <b>5 <\/b>(Strong Buy) with the highest projected one-year gains according to ValuEngine\u2019s predictive model, along with three ValuEngine valuation criteria added to the search.\u00a0 All stocks passing the screen must have P\/E (price-to-earnings) ratios below 21.0, pay a non-zero dividend, and be ranked in the top half of our universe according to the ValuEngine valuation model.\u00a0 The valuation rank compares a stock\u2019s current price to its fair-value price.\u00a0 The more or closer a stock\u2019s current price is below its fair value, the higher its valuation rank.<\/p>\n<p>First, we start out with a focus on the international markets as performance has been so strong for the past year relative to US markets. Here is a list of the Ticker Symbols for foreign companies that passed the screen with company names and corporate descriptions.<\/p>\n<ul>\n<li aria-level=\"1\"><b>EGO (Eldorado Gold Corp.):<\/b> A Canadian-based gold and base metals producer with operations and development projects in Canada, Turkey, and Greece, focused on expanding production through projects like Skouries in northern Greece.<\/li>\n<li aria-level=\"1\"><b>BVN (Compa\u00f1\u00eda de Minas Buenaventura SAA):<\/b>\u00a0A Peru-based precious metals producer engaged in the exploration, extraction, and smelting of gold, silver, and polymetallic minerals, transitioning toward a free cash flow-focused miner.<\/li>\n<li aria-level=\"1\"><b>ORLA (Orla Mining Ltd.):<\/b>\u00a0A Canadian mineral exploration company focused on developing gold and silver projects in the Americas, with primary operations including Camino Rojo in Mexico and Cerro Quema in Panama.<\/li>\n<li aria-level=\"1\"><b>ITUB (Ita\u00fa Unibanco Holding S.A.):<\/b>\u00a0A leading Brazilian financial institution providing banking products and services, including retail and wholesale banking, insurance, and credit, primarily in Brazil and Latin America.<\/li>\n<li aria-level=\"1\"><b>BCS (Barclays PLC):<\/b>\u00a0A UK-based universal bank providing retail banking, credit cards, corporate and investment banking, and wealth management services globally.<\/li>\n<li aria-level=\"1\"><b>B (Barrick Mining Corporation):<\/b>\u00a0A Canadian-headquartered global gold and copper mining company with a portfolio of tier-one assets in 18 countries, operating under this single-letter ticker as of May 2025.<\/li>\n<li aria-level=\"1\"><b>UBS (UBS Group AG)<\/b>: A Swiss multinational investment bank and the world&#8217;s largest private bank. It provides global wealth management, asset management, and investment banking services to private, institutional, and corporate clients.<\/li>\n<li aria-level=\"1\"><b>INTR (Inter &amp; Co, Inc.):<\/b>\u00a0A Brazil-based company that operates a digital multi-service bank and a super-app (&#8220;Inter&#8221;) offering banking, investments, insurance, and shopping services.<\/li>\n<li aria-level=\"1\"><b>GTX (Garrett Motion Inc.):<\/b>\u00a0A Switzerland-based technology leader designing and manufacturing turbochargers and electric-boosting technologies for the automotive industry.<\/li>\n<li aria-level=\"1\"><b>SUBCY (Subsea 7 S.A.):<\/b>\u00a0An engineering and construction contractor for the offshore energy industry incorporated in Luxembourg. Subsea 7 specializes in seabed-to-surface projects including Subsea, Umbilical, Riser, and Flowline (SURF) systems.<\/li>\n<li aria-level=\"1\"><b>ADNT (Adient plc):<\/b>\u00a0An Ireland-incorporated global leader in automotive seating systems, designing and manufacturing complete seat assemblies, mechanisms, and foam for major automakers.<\/li>\n<li aria-level=\"1\"><b>PAGS (PagSeguro Digital Ltd.):<\/b>\u00a0A Brazilian financial technology company providing an end-to-end digital ecosystem for merchants and consumers, including payment processing and digital banking (PagBank).<\/li>\n<li aria-level=\"1\"><b>AER (AerCap Holdings N.V.):<\/b>\u00a0Incorporated in Ireland, AerCap Holdings is the world&#8217;s largest owner of commercial aircraft, specializing in leasing, financing, and management of aircraft, engines, and helicopters.<\/li>\n<li aria-level=\"1\"><b>AMX (Am\u00e9rica M\u00f3vil, SAB de CV):<\/b>\u00a0A leading telecom carrier in Latin America, providing wireless voice, data, fixed-line, and broadband services.<\/li>\n<li aria-level=\"1\"><b>OMAB (Grupo Aeroportuario del Centro Norte, SAB de CV):<\/b>\u00a0A Mexican company that operates 13 international airports in central and northern Mexico, including the Monterrey airport.<\/li>\n<li aria-level=\"1\"><b>XP (XP Inc.):<\/b> A leading Brazilian technology-driven financial services platform. It provides a wide range of products including brokerage, fixed income, mutual funds, and wealth management through brands like\u00a0XP<b>,\u00a0<\/b>Rico<b>, <\/b>and<b>\u00a0<\/b>Clear.<\/li>\n<li aria-level=\"1\"><b>EDU (New Oriental Education &amp; Technology Group Inc.)<\/b>: The largest comprehensive private educational service provider in\u00a0China. It offers programs such as test preparation (TOEFL, SAT, GRE), K-12 tutoring, and overseas study consulting, while also operating the\u00a0East Buy\u00a0e-commerce platform.<\/li>\n<li aria-level=\"1\"><b>SID (Companhia Sider\u00fargica Nacional)<\/b>: One of the largest fully integrated steel producers in\u00a0Brazil<b>\u00a0<\/b>and<b>\u00a0<\/b>Latin America<b>.<\/b> It operates across five core sectors: steel, mining (iron ore), logistics (railways and ports), cement, and renewable energy.<\/li>\n<li aria-level=\"1\"><b>APTV (Aptiv PLC)<\/b>: A Swiss-based global industrial technology company that provides hardware and software solutions for the automotive and commercial vehicle markets. It focuses on vehicle electrical architecture, active safety, and autonomous driving technologies.<\/li>\n<li aria-level=\"1\"><b>MGA (Magna International Inc.)<\/b>: A major Canadian mobility technology company and one of the world&#8217;s largest automotive parts suppliers. It manufactures automotive systems, assemblies, and components for leading global automakers and provides complete vehicle engineering.<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>Current ValuEngine reports on all covered 6000+ stocks and ETFs can be viewed <a href=\"https:\/\/ww2.valuengine.com\/products-and-pricing\/\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/strong><\/p>\n<p>The following chart shows the ranking and screening criteria for each stock selected.<\/p>\n<table>\n<tbody>\n<tr>\n<td>Rank<\/td>\n<td>Ticker<\/td>\n<td>Company Name<\/td>\n<td>VE Rating<\/td>\n<td>One Year Forecast<\/td>\n<td>Valuation Rank<\/td>\n<td>P\/E Ratio<\/td>\n<td>Market Cap ($Bil)<\/td>\n<td>Country Code<\/td>\n<td>Sector Name<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>EGO<\/td>\n<td>ELDORADO GOLD<\/td>\n<td>5<\/td>\n<td><b>21.01%<\/b><\/td>\n<td>81<\/td>\n<td>16.7<\/td>\n<td>7.4<\/td>\n<td>CAN<\/td>\n<td>Basic Materials<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>BVN<\/td>\n<td>BUENAVENTUR-ADR<\/td>\n<td>5<\/td>\n<td>19.80%<\/td>\n<td>54<\/td>\n<td>16.7<\/td>\n<td>8.9<\/td>\n<td>PER<\/td>\n<td>Basic Materials<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>ORLA<\/td>\n<td>ORLA MINING LTD<\/td>\n<td>5<\/td>\n<td>19.15%<\/td>\n<td>70<\/td>\n<td>16.7<\/td>\n<td>5.0<\/td>\n<td>CAN<\/td>\n<td>Basic Materials<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>ITUB<\/td>\n<td>BANCO ITAU -ADR<\/td>\n<td>5<\/td>\n<td>17.76%<\/td>\n<td>67<\/td>\n<td>12.5<\/td>\n<td>96.1<\/td>\n<td>BRA<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>BCS<\/td>\n<td>BARCLAY PLC-ADR<\/td>\n<td>5<\/td>\n<td>17.50%<\/td>\n<td>62<\/td>\n<td>11.1<\/td>\n<td>88.3<\/td>\n<td>GBR<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>B<\/td>\n<td>BARRICK MINING<\/td>\n<td>5<\/td>\n<td>17.08%<\/td>\n<td>52<\/td>\n<td>16.7<\/td>\n<td>74.0<\/td>\n<td>CAN<\/td>\n<td>Basic Materials<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>UBS<\/td>\n<td>UBS GROUP AG<\/td>\n<td>5<\/td>\n<td>14.97%<\/td>\n<td>83<\/td>\n<td>16.7<\/td>\n<td><b>136.7<\/b><\/td>\n<td>CHE<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>INTR<\/td>\n<td>INTER&amp;CO INC<\/td>\n<td>5<\/td>\n<td>14.96%<\/td>\n<td>55<\/td>\n<td>16.7<\/td>\n<td>3.8<\/td>\n<td>BRA<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>GTX<\/td>\n<td>GARRETT MOTION<\/td>\n<td>5<\/td>\n<td>14.89%<\/td>\n<td>52<\/td>\n<td>12.5<\/td>\n<td>3.6<\/td>\n<td>CHE<\/td>\n<td>Auto-Tires-Trucks<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>SUBCY<\/td>\n<td>SUBSEA 7 SA<\/td>\n<td>5<\/td>\n<td>14.70%<\/td>\n<td>53<\/td>\n<td>16.7<\/td>\n<td>7.3<\/td>\n<td>LUX<\/td>\n<td>Oils-Energy<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>ADNT<\/td>\n<td>ADIENT PLC<\/td>\n<td>5<\/td>\n<td>14.24%<\/td>\n<td>63<\/td>\n<td>12.5<\/td>\n<td>2.0<\/td>\n<td>IRL<\/td>\n<td>Auto-Tires-Trucks<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>PAGS<\/td>\n<td>PAGSEGURO DIGTL<\/td>\n<td>5<\/td>\n<td>13.98%<\/td>\n<td><b>87<\/b><\/td>\n<td><b>7.1<\/b><\/td>\n<td>3.5<\/td>\n<td>BRA<\/td>\n<td>Business Services<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>AER<\/td>\n<td>AERCAP HLDGS NV<\/td>\n<td>5<\/td>\n<td>13.70%<\/td>\n<td>57<\/td>\n<td>10.0<\/td>\n<td>26.9<\/td>\n<td>IRL<\/td>\n<td>Transportation<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>AMX<\/td>\n<td>AMER MOVIL SAB<\/td>\n<td>5<\/td>\n<td>13.53%<\/td>\n<td>54<\/td>\n<td>14.3<\/td>\n<td>64.2<\/td>\n<td>MEX<\/td>\n<td>Computer and Technology<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>OMAB<\/td>\n<td>GRUPO AEROP-ADS<\/td>\n<td>5<\/td>\n<td>13.45%<\/td>\n<td>52<\/td>\n<td>20.0<\/td>\n<td>5.1<\/td>\n<td>MEX<\/td>\n<td>Transportation<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>XP<\/td>\n<td>XP INC-A<\/td>\n<td>5<\/td>\n<td>12.98%<\/td>\n<td>67<\/td>\n<td>11.1<\/td>\n<td>10.0<\/td>\n<td>BRA<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>EDU<\/td>\n<td>NEW ORIENTAL ED<\/td>\n<td>4<\/td>\n<td>12.59%<\/td>\n<td>77<\/td>\n<td>20.0<\/td>\n<td>9.8<\/td>\n<td>CHN<\/td>\n<td>Consumer Discretionary<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>SID<\/td>\n<td>CIA SIDERUR-ADR<\/td>\n<td>4<\/td>\n<td>12.08%<\/td>\n<td>68<\/td>\n<td>12.5<\/td>\n<td>2.5<\/td>\n<td>BRA<\/td>\n<td>Basic Materials<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>APTV<\/td>\n<td>APTIV HLDS LTD<\/td>\n<td>4<\/td>\n<td>11.91%<\/td>\n<td>78<\/td>\n<td>10.0<\/td>\n<td>17.2<\/td>\n<td>CHE<\/td>\n<td>Auto-Tires-Trucks<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>MGA<\/td>\n<td>MAGNA INTL CL A<\/td>\n<td>4<\/td>\n<td>11.52%<\/td>\n<td>55<\/td>\n<td>10.0<\/td>\n<td>14.8<\/td>\n<td>CAN<\/td>\n<td>Auto-Tires-Trucks<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Free Trial: Research on over 5,000 stocks and 700 ETFs\u00a0<a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/strong><\/p>\n<p>From a country-of-incorporation perspective, Canada and Brazil lead the way with 4 companies apiece on this list. Canada claims three of the top six, all mining company stocks.\u00a0 The fourth Canadian stock, ranked at #20, is Magna International (<strong>MGA<\/strong>).\u00a0 It is noteworthy as having the lowest price standard deviation and highest and most consistent dividend paying history of the group.\u00a0 Brazil\u2019s Banco <strong>ITAU<\/strong> currently has the highest dividend yield at more than 7 percent, but the dividend comes with three caveats.\u00a0 <b>ITAU <\/b>pays monthly but has lowered and even skipped dividend payments in the past making it a less certain dividend play than <b>MGA.\u00a0 <\/b>Also be aware that Brazil has a dividend withholding tax for foreign investors.\u00a0 There are six companies from the European Union led by three from Switzerland with country code CHE.\u00a0 In addition to Brazil, the emerging markets are represented by stocks from three other countries: Mexico, Peru, and China.<\/p>\n<p>Given the historic price jumps in metals in all categories, especially precious metals, it is probably not surprising that five of the top 20 stocks are in the mining industry.\u00a0 There are also five stocks in the finance sector, but with a definite dichotomy.\u00a0 Three stocks, <strong>ITAU<\/strong>, <strong>UBS<\/strong> and Barclays PLC (<b>BCS<\/b>) all represent major international banks that have fallen under scrutiny in recent years. The other two, Inter &amp; Co. (<b>INTR<\/b>) and XP (<b>XP<\/b>) are financial technology companies serving the sector.\u00a0 While the bank stocks have generous dividend yields, the fintech companies pay zero dividends but have higher growth potential. Additionally, PagSeguro Digital Ltd (<b>PAGS)<\/b>, although classified here as Business Services, derives the lion\u2019s share of its revenues from fintech.\u00a0 The third sector well represented here is Autos-Tires &amp; Trucks with four companies: Garrett Motion Inc.<b> (GTX); <\/b>Adient PLC (<b>ADNT<\/b>); Aptiv Holdings Ltd. (<b>APTV<\/b>); and Magna International (<b>MGA<\/b>).\u00a0 Among the four, only Adient focuses on actually manufacturing equipment, the other three supply technology utilized by auto and auto equipment manufacturers.<\/p>\n<p>In terms of valuation, the P\/E ratio, and ValuEngine\u2019s Valuation model both consider <b>PAGS<\/b> the most undervalued, ranking 87th in valuation and with a P\/E ratio of just 7.1.\u00a0 The next highest undervalued ranking given fair value is <b>UBS<\/b> while the second lowest P\/E ratio belongs to <b>MGA<\/b>. In terms of market capitalization, only the three banks would be considered large cap by US standards.\u00a0 Barrick Mining (<b>B<\/b>) and Am\u00e9rica M\u00f3vil, SAB de CV (<b>AMX<\/b>) are equivalent to midcap size, and the others would fit into global small-cap value.<\/p>\n<p>One limitation of ValuEngine in the international space is that we cover only those companies that are listed in the US with an ADR.\u00a0 Most of the ETFs in the international space hold foreign-listed ordinary shares, not ADRs.\u00a0 Therefore, ETFs are a more efficient way to access a broader swath of these markets.\u00a0 In terms of targeting international small cap value. the following table analyzes the only four ETFs focused on international or global small-cap value that have been in existence for at least three years according to ETFdb.com.<\/p>\n<p style=\"text-align: center;\"><strong>Trade ValuEngine supported portfolio strategies, <a href=\"http:\/\/www.valuenginecapital.com\/\" target=\"_blank\" rel=\"noopener\">www.ValuEngineCapital.com<\/a><\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td>Symbol<\/td>\n<td>Name<\/td>\n<td>Assets ($Bil)<\/td>\n<td>YTD Price Change<\/td>\n<td>1 Year Returns<\/td>\n<td>3 Year Returns<\/td>\n<td>1 Year Fund Flows<\/td>\n<td>Expense Ratio<\/td>\n<td>Div. Yield %<\/td>\n<\/tr>\n<tr>\n<td>AVDV<\/td>\n<td>Avantis International Small Cap Value ETF<\/td>\n<td>17.4<\/td>\n<td><b>13.17%<\/b><\/td>\n<td><b>63.01%<\/b><\/td>\n<td><b>26.09%<\/b><\/td>\n<td><b> $\u00a0 \u00a0 \u00a0 5,396.55\u00a0<\/b><\/td>\n<td>0.36%<\/td>\n<td><b>2.7%<\/b><\/td>\n<\/tr>\n<tr>\n<td>DISV<\/td>\n<td>Dimensional International Small Cap Value ETF<\/td>\n<td>4.5<\/td>\n<td>11.68%<\/td>\n<td>57.63%<\/td>\n<td>24.34%<\/td>\n<td>$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 824.88<\/td>\n<td>0.42%<\/td>\n<td>2.4%<\/td>\n<\/tr>\n<tr>\n<td>ISVL<\/td>\n<td>iShares International\u00a0 Small Cap Value Factor ETF<\/td>\n<td>0.1<\/td>\n<td>10.11%<\/td>\n<td>51.10%<\/td>\n<td>21.90%<\/td>\n<td>$ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 74.22<\/td>\n<td>0.31%<\/td>\n<td>2.4%<\/td>\n<\/tr>\n<tr>\n<td>VBR<\/td>\n<td>Vanguard Small Cap Value ETF<\/td>\n<td><b>34.7<\/b><\/td>\n<td>9.51%<\/td>\n<td>16.38%<\/td>\n<td>12.55%<\/td>\n<td>$ \u00a0 (1,315.66)<\/td>\n<td><b>0.05%<\/b><\/td>\n<td>1.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Free Trial: Research on over 5,000 stocks and 700 ETFs\u00a0<a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/strong><\/p>\n<p>Let\u2019s take a quick look at what these ETFs are designed to do.<\/p>\n<p>Avantis International Small Cap Value ETF (<b>AVDV<\/b>): Actively managed, AVDV uses a systematic approach to invest in non-U.S. small-cap companies with high profitability and low price-to-book (value) ratios. It aims for long-term capital appreciation by filtering for strong fundamentals rather than just tracking a specific index.<\/p>\n<p>Dimensional International Small Cap Value ETF (<b>DISV<\/b>): This ETF is actively managed, utilizing a proprietary, disciplined methodology to purchase small-cap, non-U.S. companies in developed markets. It focuses heavily on low valuation (value) and higher profitability, often avoiding &#8220;value traps&#8221;.<\/p>\n<p>iShares International Small Cap Value Factor ETF (<b>ISCF<\/b>): A passively managed, index-tracking fund that follows an index of international small-cap stocks. It uses an optimization process to select and weight securities to maximize exposure to four factors: value, quality, momentum, and low volatility.<\/p>\n<p>Vanguard Small Cap Value ETF (<b>VSS<\/b>): This is a passively managed ETF designed to track the performance of the FTSE Global Small Cap ex-US Index. It aims to hold a representative sample of securities to replicate the target index, covering a broad range of international small-cap stocks.<\/p>\n<p>Those of us used to seeing Vanguard dominate many ETF categories are in for a surprise.\u00a0 The unsurprising facts are that Vanguard is the leader by 50% in Assets Under Management and has the lowest expense ratio by a wide margin.\u00a0 However, for the past 12 months, those flows have continued to head in the wrong direction.\u00a0 For one of the hottest small but targeted sections of the market, Vanguard has endured negative net cash flows while the other three ETFs have enjoyed net inflows.\u00a0 The real story is the Avantis International Small Cap ETF (<b>AVDV<\/b>).\u00a0 Its\u00a0 net inflows during the past 12 months represent 33% of its total assets. A quick look at returns for year-to-date, 1-year and 3-years make a clear case of why this is happening.\u00a0 The active methodology has been working very well, specifically much better than the two passive funds in this category. <b>AVDV <\/b>was performing very well when most international funds and most value-based funds were roasted by the S&amp;P 500.\u00a0 Now that its style and markets are in favor, the fund\u2019s managers have been knocking the cover off the ball.\u00a0 As icing on the cake, <b>AVDV <\/b>also offers the highest dividend yield among the quartet.<\/p>\n<p>There is another ETF we consider very germane to this analysis.\u00a0 One ETF that invests in the securities of foreign companies that we are able to cover is the AdvisorShares Dorsey Wright ADR ETF (<b>AADR<\/b>). It \u00a0is an actively managed ETF that uses a technical, rules-based strategy to pick international stocks traded as American Depository Receipts (ADRs). It employs Nasdaq Dorsey Wright\u2019s proprietary relative strength methodology alongside fundamental screens to build a concentrated portfolio of about 50 stocks. It receives our highest rating of <b>5 <\/b>(Strong Buy). All ten of its top ten holdings are also rated at <b>5<\/b> and 50% of its holdings are considered undervalued by our model.<\/p>\n<p>Turning back to stocks, we do not mean to imply that there is a shortage of US stocks that met the same criteria of the analytic table we used for ADRs.<\/p>\n<p style=\"text-align: center;\"><strong>Current ValuEngine reports on all covered 6000+ stocks and ETFs can be viewed <a href=\"https:\/\/ww2.valuengine.com\/products-and-pricing\/\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/strong><\/p>\n<p>Here is a similar table for the top 10 US stocks that made the screen.\u00a0 Since all the corporate descriptions are in the ValuEngine reports and many are familiar names, we skip the company descriptions.<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>#<\/b><\/td>\n<td><b>Ticker<\/b><\/td>\n<td><b> Company Name<\/b><\/td>\n<td><b>VE Rating<\/b><\/td>\n<td><b>One Year Forecast<\/b><\/td>\n<td><b>Valuation Rank<\/b><\/td>\n<td><b>P\/E Ratio<\/b><\/td>\n<td><b>Market Cap<\/b><\/td>\n<td><b>PEG<\/b><\/td>\n<td><b>Sector Name<\/b><\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>SSRM<\/td>\n<td>SSR MINING INC<\/td>\n<td><b>5<\/b><\/td>\n<td><b>18.34%<\/b><\/td>\n<td>51<\/td>\n<td>14.3<\/td>\n<td>5.4<\/td>\n<td><b>0.17<\/b><\/td>\n<td>Basic Materials<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>WT<\/td>\n<td>WISDOMTREE INC<\/td>\n<td><b>5<\/b><\/td>\n<td>15.45%<\/td>\n<td>62<\/td>\n<td>20.0<\/td>\n<td>2.3<\/td>\n<td>0.67<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>AES<\/td>\n<td>AES CORP<\/td>\n<td><b>5<\/b><\/td>\n<td>14.70%<\/td>\n<td>70<\/td>\n<td><b>7.7<\/b><\/td>\n<td>11.6<\/td>\n<td>0.64<\/td>\n<td>Utilities<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>ARRY<\/td>\n<td>ARRAY TECH INC<\/td>\n<td><b>5<\/b><\/td>\n<td>14.15%<\/td>\n<td>64<\/td>\n<td>20.0<\/td>\n<td>1.8<\/td>\n<td>0.53<\/td>\n<td>Oils-Energy<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>FSLR<\/td>\n<td>FIRST SOLAR INC<\/td>\n<td><b>5<\/b><\/td>\n<td>13.06%<\/td>\n<td>64<\/td>\n<td>14.3<\/td>\n<td>24.3<\/td>\n<td>0.25<\/td>\n<td>Oils-Energy<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>THC<\/td>\n<td>TENET HEALTH<\/td>\n<td><b>5<\/b><\/td>\n<td>12.93%<\/td>\n<td>69<\/td>\n<td>12.5<\/td>\n<td>17.0<\/td>\n<td>2.28<\/td>\n<td>Medical<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>HALO<\/td>\n<td>HALOZYME THERA<\/td>\n<td><b>5<\/b><\/td>\n<td>12.67%<\/td>\n<td>54<\/td>\n<td>12.5<\/td>\n<td>9.4<\/td>\n<td>0.53<\/td>\n<td>Medical<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>EXEL<\/td>\n<td>EXELIXIS INC<\/td>\n<td>4<\/td>\n<td>10.88%<\/td>\n<td><b>72<\/b><\/td>\n<td>16.7<\/td>\n<td>11.5<\/td>\n<td>0.84<\/td>\n<td>Medical<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>FHI<\/td>\n<td>FEDERATED HERME<\/td>\n<td>4<\/td>\n<td>8.88%<\/td>\n<td>58<\/td>\n<td>11.1<\/td>\n<td>4.2<\/td>\n<td>8.58<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>LDOS<\/td>\n<td>LEIDOS HOLDINGS<\/td>\n<td>4<\/td>\n<td>8.31%<\/td>\n<td>58<\/td>\n<td>16.7<\/td>\n<td>24.9<\/td>\n<td>3.50<\/td>\n<td>Computer and Technology<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>MD<\/td>\n<td>PEDIATRIX MED<\/td>\n<td>4<\/td>\n<td>7.68%<\/td>\n<td>52<\/td>\n<td>11.1<\/td>\n<td>1.8<\/td>\n<td>5.89<\/td>\n<td>Medical<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>PBI<\/td>\n<td>PITNEY BOWES IN<\/td>\n<td>4<\/td>\n<td>7.02%<\/td>\n<td>68<\/td>\n<td>8.3<\/td>\n<td>1.7<\/td>\n<td>1.01<\/td>\n<td>Computer and Technology<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>LC<\/td>\n<td>LENDINGCLUB CP<\/td>\n<td>4<\/td>\n<td>6.54%<\/td>\n<td>57<\/td>\n<td>14.3<\/td>\n<td>2.0<\/td>\n<td>0.33<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>LVS<\/td>\n<td>LAS VEGAS SANDS<\/td>\n<td>4<\/td>\n<td>6.12%<\/td>\n<td>57<\/td>\n<td>20.0<\/td>\n<td>38.6<\/td>\n<td>4.62<\/td>\n<td>Consumer Discretionary<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>TCBI<\/td>\n<td>TEXAS CAP BCSHS<\/td>\n<td>4<\/td>\n<td>5.96%<\/td>\n<td>60<\/td>\n<td>14.3<\/td>\n<td>4.8<\/td>\n<td>1.44<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>URBN<\/td>\n<td>URBAN OUTFITTER<\/td>\n<td>4<\/td>\n<td>5.70%<\/td>\n<td>61<\/td>\n<td>14.3<\/td>\n<td>6.3<\/td>\n<td>1.28<\/td>\n<td>Retail-Wholesale<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>INDB<\/td>\n<td>INDEP BK MASS<\/td>\n<td>4<\/td>\n<td>5.66%<\/td>\n<td>54<\/td>\n<td>14.3<\/td>\n<td>4.2<\/td>\n<td>0.51<\/td>\n<td>Finance<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>EBAY<\/td>\n<td>EBAY INC<\/td>\n<td>4<\/td>\n<td>5.00%<\/td>\n<td>51<\/td>\n<td>20.0<\/td>\n<td>39.5<\/td>\n<td>1.96<\/td>\n<td>Retail-Wholesale<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>DELL<\/td>\n<td>DELL TECHNOLOGS<\/td>\n<td>4<\/td>\n<td>4.94%<\/td>\n<td>68<\/td>\n<td>14.3<\/td>\n<td><b>83.5<\/b><\/td>\n<td>0.91<\/td>\n<td>Computer and Technology<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>GL<\/td>\n<td>GLOBE LIFE INC<\/td>\n<td>4<\/td>\n<td>4.03%<\/td>\n<td>59<\/td>\n<td>10.0<\/td>\n<td>11.3<\/td>\n<td>2.35<\/td>\n<td>Finance<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Current ValuEngine reports on all covered 6000+ stocks and ETFs can be viewed <a href=\"https:\/\/ww2.valuengine.com\/products-and-pricing\/\" target=\"_blank\" rel=\"noopener\">HERE<\/a><\/strong><\/p>\n<p>A mining company, Colorado-based SSR (<b>SSRM<\/b>) once again takes the top spot with the highest one-year forecast. However, it is the only US mining company that fits all the criteria.\u00a0 It does have an impressive PEG ratio of 0.17. More similar to the global distribution, five finance companies make the list led by ETF provider Wisdom Tree (<b>WT<\/b>).\u00a0 Two of the top five companies are alternative energy providers, Array Technologies (<b>ARRY<\/b>) and First Solar (<b>FSLR<\/b>). Four health care companies make this top 20 list including hospital and urgent care provider Tenet Health (<b>THC<\/b>), biotechnology companies Halozyme Thera (<b>HALO<\/b>) and Exelixis (<b>EXEL<\/b>) along with Pediatrix (<b>MD<\/b>).\u00a0 For bargain hunters, utility AES Corp. (<b>AES<\/b>) has the lowest P\/E ratio and the second highest valuation rank to go along with the third highest one-year forecast.\u00a0 Meanwhile, Leidos Holdings (<b>LDOS<\/b>), a technology solutions provider to the defense industry, ha the highest rank of the three tech companies in the table.<\/p>\n<p style=\"text-align: center;\"><strong>Trade ValuEngine supported portfolio strategies, <a href=\"http:\/\/www.valuenginecapital.com\/\" target=\"_blank\" rel=\"noopener\">www.ValuEngineCapital.com<\/a><\/strong><\/p>\n<p>To sum this analysis up, the top-heavy tech bubble seems to be thinning out gradually more than it is crashing so far.\u00a0 This may be the best-case scenario for investment managers, but no one knows how long this can last without either causing a 20% decline or a reversal back to mega-cap tech dominance.\u00a0 For the time being, the trend may be here for a while.\u00a0 With many of the top QQQ stocks being used as sources of funds for rotations into value, small cap, and international stocks along with commodity ETPs, this seven-or-more month trend has continued to pick up steam in recent weeks.\u00a0 Meanwhile, Brazil and Canada seem to be taking leadership on affordable opportunities outside the United States.\u00a0 The Avantis (<b>AVSV<\/b>) vs. Vanguard (<b>VSS<\/b>) comparison could be a case study on how active management can add value in less efficient global markets.\u00a0 With the US earnings season half over, analysts may be able to take a breather soon to look at the bigger picture portended by these trends.\u00a0 Could we see an active management renaissance? Stay tuned.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.valuengine.com\/&amp;source=gmail&amp;ust=1760454514815000&amp;usg=AOvVaw0jaArNHd8Bz74iU3wHHl0F\">www.ValuEngine.com<\/a>\u00a0(<wbr \/>Valuengine, Inc) is a stock valuation and forecasting service founded by Ivy League finance academics. VE utilizes the most advanced quantitative techniques and analysis available to analyze over 4,200 US stocks, 700 US ETFs, and 1,000 Canadian stocks. Fair market valuations, forecast target prices, and buy\/hold\/sell recommendations are updated DAILY.<\/p>\n<p><a href=\"http:\/\/www.valuenginecapital.com\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.valuenginecapital.com\/&amp;source=gmail&amp;ust=1760454514815000&amp;usg=AOvVaw22EhPOkTAIkAbJq7vZ7au9\">www.ValuEngineCapital.com<\/a>\u00a0(<wbr \/>ValuEngine Capital Management, LLC) is a Registered Investment Advisory firm that trades a variety of different portfolios based upon the ValuEngine.com research models. Each portfolio has a different risk\/return profile, so clients can be placed in strategies that fit their specific investment needs.<\/p>\n<p><a href=\"http:\/\/blog.valuengine.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">BLOG.VALUENGINE.COM\u00a0<\/a>for the full history of ValuEngine.com financial blog posts<\/p>\n<p>____________________________________________________________________________<\/p>\n<p>Existing subscribers alert: ValuEngine has launched a completely redesigned and new website! Please check it out at\u00a0<a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.Valu<\/a><a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">E<\/a><a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">ngine.com<\/a><\/p>\n<p>Free trials available for new subscribers. Over 4,200 stocks and 600 ETFs covered.<\/p>\n<p>Full Two Week Free Trial\u00a0<a href=\"http:\/\/www.valuengine.com\/pub\/VeSubscribeInfo\" target=\"_blank\" rel=\"noopener noreferrer\">HERE<\/a><\/p>\n<p>5,000 stocks, 600 ETFs, 16 sector groups, and 140 industries updated on\u00a0<a href=\"http:\/\/www.valuengine.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.ValuEngine.com<\/a>.<\/p>\n<p>Financial Advisory Services based on ValuEngine research available through\u00a0<a href=\"http:\/\/www.valuenginecapital.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.ValuEngineCapital.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After hearing for five years about the valuation bubbles that would cause QQQ and SPY to suffer imminent crashes, net cash flows from major institutions are starting to agree.\u00a0 Themes of rotation out of large cap US growth stocks and into small cap and\/or value stocks and\/or international stocks continue to dominate market commentary.\u00a0 The &#8230; <a title=\"Perspectives on Rotations Into Value, Small-Cap, Developed and Emerging Markets\" class=\"read-more\" href=\"http:\/\/blog.valuengine.com\/index.php\/perspectives-on-rotations-into-value-small-cap-developed-and-emerging-markets\/\" aria-label=\"More on Perspectives on Rotations Into Value, Small-Cap, Developed and Emerging Markets\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[2996,866,3019,3001,3003,3002,3000,3007,3021,895,3022,1225,3027,2750,2695,2678,360,2670,2930,2931,3012,3008,3025,2395,2442,2971,2238,1760,1761,1719,3006,3018,1731,3005,3017,3015,3013,3011,3029,2859,2659,184,3028,1313,3023,3010,3004,3016,2860,3020,1510,1713,1911,3009,3026,93,2757,1699,1687,694,1017,2658,28,1659,63,3014,2865,3024],"_links":{"self":[{"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/posts\/3817"}],"collection":[{"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/comments?post=3817"}],"version-history":[{"count":1,"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/posts\/3817\/revisions"}],"predecessor-version":[{"id":3818,"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/posts\/3817\/revisions\/3818"}],"wp:attachment":[{"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/media?parent=3817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/categories?post=3817"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.valuengine.com\/index.php\/wp-json\/wp\/v2\/tags?post=3817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}