September 13, 2013

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The ValuEngine Weekly is an Investor Education newsletter focused on the quantitative approach to investing and the tools available from In today's fast-moving and globalized financial markets, it is easy to get overloaded with information. The winners will adopt an objective, scientific, independent and unemotional approach to investing. If you are not yet a member of ValuEngine's stock analysis service, sign up now for a two-week free trial at www.valuengine.com! ValuEngine.com.

VALUATION WARNING: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks now make up almost 77% of our stocks assigned a valuation and almost 43% of those equities are calculated to be overvalued by 20% or more. 15 of 16 sectors are calculated to be overvalued--13 of them by double digits. MARKET OVERVIEW

Index
DJIA NASDAQ RUSSELL 2000 S&P 500

Week Open
14927.19 3675.12 1032.31 1656.85

Thurs. Close
15,300.60 3,715.97 1,048.48 1,683.42

Change
373.41 40.85 16.17 26.57

% Change
2.50% 1.11% 1.57% 1.60%

YTD
17.35% 23.25% 23.83% 18.39%

Summary of VE Stock Universe
Stocks Undervalued Stocks Overvalued Stocks Undervalued by 20% Stocks Overvalued by 20% 23.29% 76.71% 9.24% 42.79%

SECTOR OVERVIEW
Sector
Aerospace Auto-Tires-Trucks Basic Materials Business Services Computer and Technology Construction Consumer Discretionary Consumer Staples Finance Industrial Products Medical Multi-Sector Conglomerates Oils-Energy Retail-Wholesale Transportation Utilities

Change
-0.04% -0.47% -1.23% -0.33% -0.68% -0.37% -0.33% -0.37% -0.41% -0.54% -0.19% -0.10% -0.68% -0.36% -0.64% -0.79%

MTD
3.81% 5.26% 2.68% 3.71% 5.08% 4.16% 2.90% 2.25% 2.66% 3.59% 2.18% 4.91% 3.48% 3.59% 5.17% 2.62%

YTD
30.73% 47.07% 4.86% 23.90% 31.33% 26.55% 31.94% 16.74% 23.90% 28.63% 35.88% 8.94% 21.95% 33.53% 24.70% 11.73%

Valuation
24.19% overvalued 32.39% overvalued 1.76% undervalued 20.72% overvalued 26.23% overvalued 16.30% overvalued 22.99% overvalued 16.22% overvalued 18.08% overvalued 21.99% overvalued 21.92% overvalued 22.84% overvalued 8.00% overvalued 24.04% overvalued 25.51% overvalued 7.86% overvalued

Last 12MReturn
37.14% 47.15% -25.09% 25.57% 23.35% 28.33% 29.55% 17.64% 14.08% 28.47% 24.17% 18.06% 4.82% 34.54% 29.70% 6.94%

P/E Ratio
18.58 20.82 19.56 23.89 30.99 24.77 25.67 22.91 17.39 22.75 25.68 17.75 26.81 23.93 17.91 20.16

ValuEngine Newsletters Latest Results
VE Newsletter Forecast MNS Dividend Stock Small Cap Stock View Current Month Total
3.31 -0.89 0.87 1.91

S&P 500
-0.12 1.60 2.12 1.88

Last Month Total
1.49 -3.72 -6.67 -3.93

S&P 500
0.17 -2.27 -2.57 -1.43

Since Inception
96.25 3.44 36.62 69.34

S&P 500
84.49 6.74 21.97 45.91

Sector Talk—Business Services
Below, we present the latest data on leading Business Services Sector stocks from our Institutional software package (VEI). These results were filtered by market price and volume--no results below 3$/share or less than 100k shares/day volume.

Top-Five Business Services Sector Stocks--Short-Term Forecast Returns
Ticker
ENOC RLD MM ONE CBZ

Name
ENERNOC INC REALD INC MILLENNIAL MEDA HIGHER ONE HLDG CBIZ INC

Mkt Price
14.52 6.89 7.11 7.31 6.81

Valuation(%)
-37.35 -25.12 -22.52 -32.94 -0.84

Last 12-M Retn(%)
28.04 -29.19 -48.03 -43.33 14.26

Top-Five Business Services Sector Stocks--Long-Term Forecast Returns
Ticker
ENOC RLD MM ONE CBZ

Name
ENERNOC INC REALD INC MILLENNIAL MEDA HIGHER ONE HLDG CBIZ INC

Mkt Price
14.52 6.89 7.11 7.31 6.81

Valuation(%)
-37.35 -25.12 -22.52 -32.94 -0.84

Last 12-M Retn(%)
28.04 -29.19 -48.03 -43.33 14.26

Top-Five Business Services Sector Stocks--Composite Score
Ticker
RRD SAI CBZ EFX HHS

Name
DONNELLEY (RR) SAIC INC CBIZ INC EQUIFAX INC HARTE-HANKS INC

Mkt Price
16.47 14.96 6.81 59.4 8.36

Valuation(%)
13.51 7.46 -0.84 8.83 -3.94

Last 12-M Retn(%)
38.99 18.73 14.26 28.68 14.68

Top-Five Business Services Sector Stocks--Most Overvalued
Ticker
MDCA EXAM PRSC ENV FRM

Name
MDC PTNRS INC EXAMWORKS GROUP PROVIDENCE SVC ENVESTNET INC FURMANITE CORP

Mkt Price
24.69 24.15 27.98 30.05 9.45

Valuation(%)
90.69 88.49 81.42 76.49 72.46

Last 12-M Retn(%)
129.89 79.29 114.41 165.69 67.26

Find out what Wall Street Investment and Media Professionals already know, ValuEngine offers sophisticated stock valuation and forecast research as well as a variety of portfolio screening and creation tools. If you are reading this you should sign up for ValuEngine's award-winning To Sign Up for a stock valuation and forecast FREE TRIAL, service Please Click HERE NO OBLIGATION, 30 DAY FREE TRIAL!

Free Download for Readers
As a bonus to our Free Weekly Newsletter subscribers, we are offering a FREE DOWNLOAD of one of our Detailed Stock Valuation Reports--this report is normally $25.00 This week's free download is for Nike (NKE). Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.

ValuEngine continues its HOLD recommendation on NIKE INC-B for 2013-09-12. Based on the information we have gathered and our resulting research, we feel that NIKE INC-B has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Company Size but UNATTRACTIVE Book Market Ratio.

Read our Complete Detailed Valuation Report on NIKE HERE.

Suttmeier Says
--Commentary and Analysis from Chief Market Strategist Richard Suttmeier
If you have any comments or questions, send them to Rsuttmeier@Gmail.com Treasury Yields 10-Year--(2.912) Daily and semiannual value levels are 3.061 and 3.227 with weekly, monthly,annual, and semiannual risky levels at 2.858, 2.725, 2.476, 1.981 and 1.719. Commodities and Forex Comex Gold –($1323.7) My monthly value level is $1224.6 with a daily pivot at $1344.1, and weekly,annual, quarterly and annual risky levels at $1424.6, $1599.9, $1603.0 and $1852.1. Nymex Crude Oil – ($108.71) Monthly and quarterly value levels are $105.67 and $91.75 with daily, weekly and semiannual pivots at $109.16, $109.11 and $109.84, and annual risky level at $115.23. The Euro – (1.3296) Daily, monthly and semiannual value levels are 1.3249, 1.3111, 1.2756 and 1.2477 with an annual pivot at 1.3257, and weekly and annual risky levels at 1.3450 and 1.4295.

Major Indices Daily Dow: (15,301) Weekly, semiannual, quarterly and annual value levels are 14,965, 14,724, 14,288 and 12,696 with a daily risky level at 15,369, the August 2 all time high at 15,658.43, and monthly and semiannual risky levels at 16,336 and 16,490. S&P 500 – (1683.4) Weekly, semiannual, quarterly and annual value levels are 1663.7, 1606.9, 1525.6 and 1348.3 with a daily risky level at 1703.6, the August 2 all time high at 1709.67, and monthly and semiannual risky levels at 1766.8 and 1743.5. NASDAQ – (3716) Weekly, semiannual, quarterly and annual value levels are 3671, 3668, 3592, 3284 and 2806 with the September 12 multi-year high at 3731.84, and daily, monthly and semiannual risky levels at 3782, 3772 and 3759. NASDAQ 100 (NDX) – (3176) Weekly, quarterly and annual value levels are 3126, 2983 and 2463 with a monthly risky level at 3185, the September 10 multi-year high at 3189.24, and daily and semiannual risky levels at 3230, 3251 and 3304. Dow Transports – (6516) Weekly, annual and quarterly value levels are 6460, 5925, 5469 and 5348 with a daily risky level at 6646, the August 1 all time high at 6686.86, and monthly and semiannual risky levels at 7061 and 7104. Russell 2000 – (1048.48) Weekly, quarterly and annual value levels are 1044.94, 1038.99, 863.05, 860.25 and 809.54 with the August 5 all time high at 1063.52, and daily, monthly and semiannual risky levels at 1067.81, 1093.07 and 1089.42. The SOX – (486.06) Weekly, quarterly and annual value levels are 454.53, 404.59 and 338.03 with daily, monthly and semiannual risky levels at 502.43, 492.67, 516.08 and 533.56. Dow Utilities: (472.64) My daily value level is 469.46 with semiannual and weekly risky levels at 481.92 and 482.27 and quarterly, semiannual, monthly and annual risky levels at 510.38, 523.33, 530.89 and 540.37.

Stock of the Day Netflix Inc (NFLX) – ($301.41) Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18,000 movie, television and other filmed entertainment titles. The standard subscription plan allows subscribers to have three titles out at the same time with no due dates, late fees or shipping charges for a monthly fee. Analysis – Netflix has a Buy rating according to ValuEngine with fair value at $177.91, which makes the stock 73.3% overvalued. The ValuEngine one-year price target is $326.32. The daily chart for Netflix shows overbought momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $282.12, $263.33 and $193.35. My weekly value level is $279.19 with this month’s risky level at $353.70.

New Appearance Scheduled All SouthEast US ValuEngine Readers and Clients are cordially invited to:

"Buy and Trade Replaces Buy and Hold" An Evening with ValuEngine Chief Market Strategist Richard Suttmeier Florida AAII Chapter Meeting Wednesday, September 18, 2013 at 6:30PM University Club of Winter Park 841 N. Park Ave. Winter Park, FL 32789

FIND OUT MORE HERE
Richard Suttmeier has been a professional in the US Capital Markets since 1972 transferring his engineering skills to the trading and investment world. He earned a Bachelor of Industrial Engineering degree from Georgia Institute of Technology in 1966, and a Master of Science, Operations Research, Systems Analysis degree from Brooklyn Polytechnic University in 1970. Over the years Richard appeared many times in the financial media, on networks such as CNBC, CNN, CNNfn, New York 1, Bloomberg TV and radio, Fox Business, Business News Network in Canada, Wall Street Week with Fortune, Yahoo Finance Breakout, and the Bill Mazer Radio Show. In 2002, he anchored his own show on Yahoo Finance Vision called, "Traders' Club with Richard Suttmeier." Richard has been frequently quoted in USA Today, The NY Times, Wall Street Journal, Reuters, and The Dow Jones Newswires. Richard has made numerous speaking appearances in recent years to groups such as the Market Technicians Associations, the American Association of Individual Investors, Wells Fargo Advisors, the Executive Forum at the National Arts Club, and the Investors Roundtable of Wilmington NC. Now YOU can take advantage of the same market and trading expertise as the financial media with Richard Suttmeier's ValuTrader Model Portfolio The ValuTrader Portfolio Newsletter is based on ValuEngine Chief Market Strategist Richard Suttmeier's proprietary market analytics. Suttmeier combines his technical analysis expertise with ValuEngine's proprietary valuation, forecast, and ratings data for more than 4000 equities trading on US markets to come up with a 20 stock portfolio tailored to current market conditions. With ValuTrader, subscribers access Suttmeier's "Buy and Trade" strategy with a portfolio designed to function well in both up and down markets. Every edition of Richard Suttmeier's ValuTrader model portfolio includes technical risk, pivot, and value levels, as well as critical ValuEngine data points-ratings, valuation, and forecast--for the current portfolio. Whenever Suttmeier buys a new stock or sells a current holding, subscribers receive an email alert so that they can take advantage of Suttmeier's proven market-timing expertise. The portfolio may include long as well as short positions according to Suttmeier's read of the markets. Click HERE to Sign Up for Chief Market Strategist Richard Suttmeier's ValuTrader Model Portfolio

With Richard Suttmeier's Morning Briefing, you get daily analysis of US Treasury Yields, Gold, Crude Oil, and Currency Exchange Rates-Dollar, Yen, Pound, and Euro--as well as key technical indicators for the major equity averages.

Click HERE to Sign Up for Chief Market Strategist Richard Suttmeier's Morning Briefing!

ValuEngine.com Tools and Services
We provide a variety of means for accessing ValuEngine market analysis and other content. You can find us on some of the leading financial media websites as well as the more popular social media services. While our own website ValuEngine.com provides access to lots of analysis--and you can always sign up to receive email daily and weekly bulletins HERE, some users prefer to download PDF reports of content while others prefer to garner info while browsing the web.

Our Chief Market Strategist Richard Suttmeier is a prolific market observer and you can find his content in a variety of places. His weekly column on Forbes provides insights into his "Buy and Trade" strategy while his daily market analysis can be followed and accessed at Scribd, Twitter, and Minyanville. Senior Editor Steve Hach re-posts PDFs and web-accessible copies of Daily and Weekly ValuEngine bulletins at Seeking Alpha and Scribd.

In most cases, you can receive notification of VE content posting by Suttmeier and Hach by following the ValuEngine feed on twitter @ValuEngine. Links for this content are provided below, you may also find these links on our website HERE

Intelligent Investing with Richard Suttmeier Articles by Richard Suttmeier | Articles by Steve Hach

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