April 22, 2016

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VALUATION WATCH: Overvalued stocks now make up 46.92% of our

stocks assigned a valuation and 15.44% of those equities are calculated to
be overvalued by 20% or more. Seven sectors are calculated to be
overvalued.
MARKET OVERVIEW
Index

Started week

Friday PM

Change

Change %

ytd

DJIA

17890.2

17944.2

54.00

0.30%

2.98%

NASDAQ

4919.36

4881.55

-37.81

-0.77%

-2.51%

RUSSELL 2000

1129.72

1142.94

13.22

1.17%

0.62%

S&P 500

2078.83

2083.79

4.96

0.24%

1.95%

Summary of VE Stock Universe

Stocks Undervalued

53.08%

Stocks Overvalued

46.92%

Stocks Undervalued by 20%

22.22%

Stocks Overvalued by 20%

15.44%

SECTOR OVERVIEW
Sector

Change

MTD

YTD

Valuation

Last 12-M
Return

P/E
Ratio

Aerospace

0.23%

2.96%

-0.38%

0.17% undervalued

-7.34%

20.5

Auto-Tires-Trucks

-0.53%

1.58%

3.23%

6.26% undervalued

-15.04%

12.43

Basic Materials

-0.01%

11.16%

32.74%

21.41% overvalued

8.52%

27.63

Business Services

-0.98%

0.82%

6.73%

3.00% overvalued

-10.54%

22.42

Computer and Technology

-0.31%

0.49%

5.86%

2.15% undervalued

-8.85%

27.18

Construction

-0.06%

3.78%

19.18%

0.41% undervalued

-4.82%

21.08

Consumer Discretionary

-0.13%

1.37%

3.35%

3.96% undervalued

-10.53%

24

Consumer Staples

-0.86%

0.02%

4.49%

8.83% overvalued

-3.27%

23.73

Finance

-0.40%

2.52%

0.77%

1.74% undervalued

-6.23%

15.86

Industrial Products

-0.36%

4.26%

8.37%

6.57% overvalued

-11.06%

19.99

Medical

0.50%

6.67%

-1.83%

7.20% undervalued

-20.20%

26.61

Multi-Sector Conglomerates

-0.20%

2.18%

7.02%

7.14% overvalued

-7.32%

17.58

Oils-Energy

0.18%

9.71%

12.22%

5.26% overvalued

-36.43%

23.15

Retail-Wholesale

-0.76%

0.69%

1.09%

5.63% undervalued

-14.53%

22.43

Transportation

-1.15%

4.10%

5.03%

8.05% undervalued

-27.65%

13.64

Utilities

-1.02%

-0.66%

6.19%

6.06% overvalued

-4.03%

22.91

Sector TalkHealth Care

Below, we present the latest data on leading Health Care Sector stocks from
our Professional Stock Analysis Service. We applied some basic liquidity criteria-share price greater than $3 and average daily volume in excess of 100k shares. We
have been following the sector closely of late because it has been correlated so
tightly to overall equity price moves.

Top-Five Health Care Sector Stocks--Short-Term Forecast Returns

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

FPRX

FIVEPRIME THERA

48.93

N/A

96.35%

SCLN

SCICLONE PHARMA

12.96

N/A

44.80%

AHS

AMN HLTHCR SVCS

35.76

-5.43%

47.04%

GTS

TRIPLE-S MGMT-B

26.34

27.65%

35.98%

PRAH

PRA HEALTH SCI

49.53

N/A

80.24%

Top-Five Health Care Sector Stocks--Long-Term Forecast Returns

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

FPRX

FIVEPRIME THERA

48.93

N/A

96.35%

SCLN

SCICLONE PHARMA

12.96

N/A

44.80%

AHS

AMN HLTHCR SVCS

35.76

-5.43%

47.04%

GTS

TRIPLE-S MGMT-B

26.34

27.65%

35.98%

PRAH

PRA HEALTH SCI

49.53

N/A

80.24%

Top-Five Health Care Sector Stocks--Composite Score

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

GILD

GILEAD SCIENCES

101.74

-5.86%

-3.29%

HCA

HCA HOLDINGS

80.22

-4.88%

3.27%

AET

AETNA INC-NEW

113.09

-1.41%

4.37%

UHS

UNIVL HLTH SVCS

127.68

-11.04%

5.56%

ABBV

ABBVIE INC

61.37

-6.23%

-3.52%

Top-Five Health Care Sector Stocks--Most Overvalued

Ticker

Company Name

Market Price

Valuation

Last 12-M Retrn

LJPC

LA JOLLA PHARMA

19.38

300.00%

-11.18%

ANTH

ANTHERA PHARMA

4.31

300.00%

-8.10%

CHRS

COHERUS BIOSC

21.66

300.00%

-15.65%

NEO

NEOGENOMICS INC

7.02

220.47%

44.15%

NBIX

NEUROCRINE BIOS

49.19

191.00%

12.67%

Find out what Wall Street Investment and Media Professionals already know,
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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
Grupo Financiero Galicia SA. (GGAL) is involved in the Financial Services
Industry. Their principal activity is to continue to be a financial and investment
services holding company and to fulfill the banking services activities of Banco
Galicia.
ValuEngine continues its STRONG BUY recommendation on GRUPO GALIC ADR
for 2016-04-21. Based on the information we have gathered and our resulting
research, we feel that GRUPO GALIC ADR has the probability to OUTPERFORM
average market performance for the next year. The company exhibits ATTRACTIVE
Momentum and P/E Ratio.

Read our Complete Detailed Valuation Report on Grupo Financiaro Galicia HERE.

ValuEngine Forecast
Target
Price*

Expected
Return

1-Month

31.31

1.43%

3-Month

32.50

5.29%

6-Month

34.01

10.16%

1-Year

36.19

17.24%

2-Year

40.85

32.33%

3-Year

41.46

34.29%

Valuation & Rankings

Valuation

32.14% overvalued

Valuation Rank(?)

1-M Forecast Return

1.43%

1-M Forecast Return Rank

12-M Return

40.57%

Momentum Rank(?)

Sharpe Ratio

0.31

Sharpe Ratio Rank(?)

5-Y Avg Annual Return

16.45%

5-Y Avg Annual Rtn Rank

Volatility

52.90%

Volatility Rank(?)

Expected EPS Growth

-15.10%

EPS Growth Rank(?)

Market Cap (billions)

4.01

Size Rank

Trailing P/E Ratio

9.26

Trailing P/E Rank(?)

Forward P/E Ratio

10.91

Forward P/E Ratio Rank

PEG Ratio

n/a

PEG Ratio Rank

Price/Sales

1.55

Price/Sales Rank(?)

Market/Book

3.29

Market/Book Rank(?)

Beta

1.67

Beta Rank

Alpha

0.21

Alpha Rank

10
100
94
78
91
34
14
83
92
77
n/a
52
34
17
89

What's Hot
ValuEngine In The News
Editor's Note: The Following Article Was Posted By WatersTechnology This Week

ValuEngine Bows Chinese-Language Reports

Stock valuation and forecasting provider ValuEngine has begun producing
Chinese-language versions of its daily stock reports, and has partnered with New
York-based online broker SogoTrade, and set up a Hong Kong subsidiary to distribute
the reports to Chinese institutions and investors.
ValuEngine produces 12-page PDF reports every day for around 4,100 US stocks
using two distinct modelsa valuation model, and a forecast model that uses the
valuation model but also delivers short- and long-term forecasts of whether a stock is
over- or under-valued. The vendor then uses the outputs of these models to create
market strategies. The reports are distributed via third parties, including Thomson
Reuters, Bloomberg, Markit, ConvergEx Jaywalk and S&P Global Market Intelligence
(formerly known as S&P Capital IQ), says ValuEngine president and chief executive
Paul Henneman.

The vendors stock- and industry-level reports are created using an automated
process that inserts data into pre-written blocks of text, selected by the program from
a multitude of pre-written narrative choices based on the data.
Last year, ValuEngine decided to begin producing Chinese-language reports
to respond to demand from Chinese investors for access to investment opportunities
in US stocks, and because several key company executivesfounder Zhiwu Chen,
vice president of research and development Yongjian Zhan, and Hong Kong-based
investor Allen Huieare Chinese, Henneman says.
The vendor creates the Chinese reports in the same way as its English-language
reports, by importing data into the same pre-written passages of text, translated into
Chinese. ValuEngine provides both the English and Chinese versions to SogoTrade,
along with two English-language monthly investment newsletters written by analyst
and business development executive Steve Hach. Because these commentaries are
written fresh each month, they cannot be automatically translated in the same way
as the daily reports, so ValuEngine provides these in English for SogoTrade to translate
for its Chinese-speaking clients.
A focus of SogoTrade is Chinese investors in the US, and much of its user base is
native Chinese speakers, so it has staff whose function is specifically to translate
content into Chinese, Henneman says.
In addition, ValuEngine will also make its reports available via ValuEngine Asset
Management, a Hong Kong-based asset management firm owned by ValuEngines
investors and headed by managing director Huie, and will leverage his contacts and
local expertise gained over 30 years of experience in the investment banking and
finance industries to promote the reports.
Though the vendor is primarily seeking to distribute its Chinese-language
research via distribution partners, Henneman says the reports provide even greater
value when combined with a full-service asset management business that can
execute the strategies on behalf of investors, such as Evaluated Capital
Management, the US full-service investment firm that ValuEngine set up earlier this
year.
In the future, ValuEngine plans to expand its coverage to provide stock reports
for other markets by replicating the same automated model. It takes work, but we
can adapt our model for any market, he says, adding that the vendor already
provides reports for Canadian stocks. Ultimately, we want to cover all the major
markets, each in multiple languages.
BY MAX BOWIE
APRIL 18, 2016

ValuEngine Capital Money Management Services

We are pleased to announce that ValuEngine Capital has begun trading for
our clients. ValuEngine Capital, a registered investment advisory firm, offers our clients
investment-management services based on industry-leading ValuEngine research.
ValuEngine Capital melds the cutting-edge financial theory of ValuEngine's awardwinning quantitative independent research with the best real-world Wall St. practices.
ValuEngine Capital offers refined investment portfolios for investors of all risk-reward
profiles.
ValuEngine Capital is offering three investment strategies to clients, the
ValuEngine View Strategy, the ValuEngine Market Neutral Strategy, and the
ValuEngine Diversified Strategy.
ValuEngine View Strategy: The ValuEngine View Strategy is the product of a
sophisticated stock valuation model that was first developed by
ValuEngine's academic research team. It utilizes a three factor approach:
fundamental variables such as a company's trailing 12-month Earnings-PerShare (EPS), the analyst consensus estimate of the company's future 12month EPS, and the 30-year Treasury yield are all used to create a more
accurate reflection of a company's fair value. A total of eleven additional
firm specific variables are also used. The ValuEngine View portfolio is
constructed by integrating both our Aggressive Growthbased on the
Valuation Model--and Diversified Growthbased on the Forecast Model-Portfolio Strategies.

Professional Portfolio Management Services

The ValuEngine View Strategy is constructed by integrating this model along
with some basic rules for market capitalization and industry diversification.
The portfolio has 15 stocks and is rebalanced once each month.
Automatically Trade Our Portfolio Strategies ValuEngine Market Neutral
Strategy: The ValuEngine Market Neutral Strategy is the product of
ValuEngine's Forecast Model. This model was developed by a team of PhD's
and is based on the cutting edge economic theories of Wall Street
professionals and Ivy League academics. We carefully examine dozens of
fundamental and technical factors for over 8,000 individual stocks,
synthesize the data, and then come up with a sector-diverse list of our best
and worst forecast 1-month return stocks. Short and long-term historic
factors in the VE Forecast model's calculation include past-valuation levels
of the stock and its recent price-momentum factor relative to other stocks.
The ValuEngine Market Neutral Strategy utilizes Forecast Model outputs

along with market capitalization, price, and sector diversification rules to

construct a monthly portfolio made up of 16 stocks for both the long and
short sides.

Strategies To Suit All Investor Types

The ValuEngine Diversified Strategy: The ValuEngine Diversified Strategy
invests in a variety of asset classes in order to provide investors with stable
returns and a high- dividend yield coupled with significantly lower risk than
single-asset products. The ValuEngine Diversified Strategy may include ETFs
focused on commodities, stock indices, REITS, bonds, emerging markets,
and other suitable products. By reaping the benefits of diversification, the
ValuEngine Diversified Strategy seeks to remain resilient during times of
market volatility. The ValuEngine Diversified Strategy is designed for investors
seeking management for their IRA and other retirement funds as well as
those whose risk-profile is not suitable for our other strategies.

Please contact us if you would like to put the power of ValuEngine to work
for you at our new full-service money management firm-ValuEngine Capital

For more information, please contact us by email at

info@ValuEngineCapital.com or by phone at (407) 308-5686.
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 and a free trial.