January 17, 2014

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VALUATION WARNING: Our models find that o er aluation is at le els t!"icall! seen #hen mar$et "ull%ac$s occur. O er alued stoc$s no# ma$e u" &'( of our stoc$s assigned a aluation and ')( of those e*uities are calculated to %e o er alued %! +,( or more. ALL sectors are calculated to %e o er alued %! dou%le digits. MARKET OVERVIEW

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SECTOR OVERVIEW
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Below, we present the latest data on leading Medical 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 "##k shares!day volume.

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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 7ign U" for a stock valuation and forecast ?REE TRIALD service :lease .lic$ CERE #$ $%&I'()I$#, *+ ,(F.EE ).I(&/

(ree )$wnl$a' *$r Rea'er
(s a 0onus to our Free Weekly #ewsletter su0scri0ers, we are offering a F.EE ,$W#&$(, of one of our Stock .eports $BM %$BM& is an information technology %$T& company. The company operates in five segments' (lobal Technology Services, (lobal Business Services, Software, Systems and Technology, and (lobal )inancing. The (lobal Technology Services segment provides $T infrastructure services and business process services. The (lobal Business Services segment offers professional services and application management services. The Software segment consists primarily of middleware and operating systems software. The Systems and Technology segment provides computing power and storage solutions* and semiconductor technology products and packaging solutions. The (lobal )inancing segment invests in financing assets, leverages with debt and manages the associated risks. $BM is head+uartered in ,rmonk, -ew .ork. /alu0ngine continues its B1. recommendation on $BM for 2#"3-#"-"4. Based on the information we have gathered and our resulting research, we feel that $B5 has the probability to 61T708)68M average market performance for the ne9t year. The company e9hibits ,TT8,:T$/0 :ompany Si;e and /olatility. .ead our ,etailed Valuation .eport, a 123 value, for F.EE CERE.

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""Suttmeier #ominated for (ward 0y )heStreet com
/alu0ngine :hief Market Strategist 8ichard Suttmeier is a prolific contributor to TheStreet.com. 5is work has been nominated for two Sigma <elta :hi awards as part of that financial portal=s content from 2#"3. The Sigma :hi <elta ,wards are presented annually by the Society of 7rofessional >ournalists. They recogni;e e9cellence in ?ournalism and reporting. .ou can check out 8ichard=s nominated work by clicking the links below' In esting from the .radle to the Gra e >ad .EO: LetEs ?ire >ernan$e O%amacare 0ela! is Good for Cealth 7toc$s Fee" <our Toan .arD Trade in ?ord 7toc$ The United 7tates 0oes Not Need a 0e%t .eiling A""leEs Turno er: +,3)Es >u!ing O""ortunit!

""VE Market #eutral &ong"Side Performance
The long-side selections in our market neutral portfolio newsletter had an outstanding month.@e saw eleven of si9teen positions post positive gains. @e had big returns from eight stocks including gains in e9cess of 3#A from Tsakos 0nergy -av and <a+o -ew 0nergy. 6nly 0nergy 8ecovery and Super/alu posted significant declines on our long side. 5ere are the primary long selections and their performance for the month.
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""VE We0 &og 6%&$'7 8onsolidates 8ontent
@e have added a blog to the /0 @ebsite. This new section consolidates all of our free content in one easily accessible location. 6f special note is the work of our :hief Market Strategist 8ichard Suttmeier. Suttmeier, a prolific market analyst and commnetator, writes for forbes, thestreet.com, and many other investor websites. :heck out our new blog page for one-stop access to all of his work as well as other bulletins and analysis based on /al10ngine=s award-winning stock valuation and forecast services. 8heck out our new 0log page 5E.E

Su!!.eier Say
""8ommentary and (nalysis from 8hief Market Strategist .ichard Suttmeier
If you have any co!!ents or "uestions, sen# the! to Rsutt!eier$%!ail&co!

'reasury (iel#s "#-.ear--%2.B33& @eekly and monthly value levels are 3.#32 and 3.4C3 with daily, +uarterly,annual and semiannual risky levels at 2.B2#, 2.42B, 2.243, ".B3D and ".DDE.

Co!!o#ities an# )ore* :ome9 (old F% "232.2& @eekly and monthly value levels are ""DD.E and """2." with a daily pivot at "23#.4 and +uarterly and annual risky levels at "3BC.#, "D"#.4, "D3D.3, "B"B.B and "BCD.". -yme9 :rude 6il F % E3."2& My daily value level is E2.CD with a +uarterly pivot at E3.3C and weekly, monthly, semiannual and annual risky levels at ED.43, "#3.B#, "#3.ED and "#D.C2. The 0uro F %".34"B& Guarterly, annual and semiannual value levels are ".33B2, ".33B2, ".2432 and ".22"4 with monthly and daily pivots at ".34CB and ".3422 and weekly and annual risky levels at ".3B"4 and ".CC"2. +a,or In#ices <aily <ow' %"4,3"D& Monthly, semiannual and annual value levels are "4,32D, "4,23C, "3,B3C and "3,34D with daily and weekly pivots at "4,32C and "4,3D4, the <ec. 3" all-time intraday high at "4,CBB.2C and +uarterly and semiannual risky levels at "4,D4" and "4,B4#. SH7 C## F %"B3C.E& @eekly, semiannual and annual value levels are "B3B.B, "DED.3, "D43.3, "C3E." and "332." with my monthly pivot at "B3D.#, the >an. "C all-time intraday high at "BC#.B3, and daily and +uarterly risky levels at "BC".E and "BE4.#.

-,S<,G F %32"E& Semiannual and annual value levels are 3"EE, 3E3#, 3E2#, 33D" and 3#43 with a weekly pivot at 32#C, the >an. "4 multiyear intraday high at 32"E.2B and daily, monthly and +uarterly risky levels at 323", 324D and 32D3. -,S<,G "## %-<I& F %34""& Semiannual and annual value levels are 33CB, 33C4, 3#DB and 244E with a weekly pivot at 34"#, the >an. "C multiyear intraday high at 34"C.D# and daily, monthly and +uarterly risky levels at 3422, 342E and 3D"3. <ow Transports F %D3CD& Semiannual, weekly, monthly, +uarterly and annual value levels are D3D4, D23C, D3D#, D32D, D#B4, 423E and CE3C with the >an."C all-time intraday high at DC#B.D3 and a daily risky level at DCB3. 8ussell 2### F %""D3."2& Semiannual and annual value levels are ""43.DC, ""33.2E, ""3#.DE, E44.D2 and BDE.3E with the >an. "4 all-time intraday high at ""D3."3, and daily, +uarterly and monthly risky levels at ""DB.BC, ""B#.3C and "2##.CC. The S6I F %C3".#C& Guarterly, weekly, weekly, semiannual and annual value levels are C34.EB, C3".C3, 3E#.C2, 3D".CB and 33D.D3 with a monthly pivot at C33.D#, the >an. "C multiyear intraday high at C3C.DC, and daily and semiannual risky levels at C3D.DB and C3B.34. <ow 1tilities' %3E2.D#& @eekly and monthly value levels are 34E.ED and 33#.C3 with daily, +uarterly, annual, semiannual and annual risky levels at 3E4.B3, 3E4.B3, 3ED.C3, C#3.D3, C23.3D and C3B.D#. -tock of the .ay 5ere is today=s stock of the day from 8ichard Suttmeier=s Morning Briefing -ewsletter. /eri;on %/J& F % 3B.C3& /eri;on :ommunications, formed by the merger of Bell ,tlantic and (T0, is one of the world=s leading providers of high-growth communications services. /eri;on companies are the largest providers of wireline and wireless communications in the 1nited States. /eri;on is also the world=s largest provider of print and on-line directory information.

,nalysis F /eri;on has a buy rating according to /alu0ngine with fair value at C#.32 which makes the stock 3."A undervalued The one-year price target is C2.B#. The daily chart shows rising momentum with the stock above its 2"-day simple moving average at 3B.32 but below its C#-day and 2##-day simple moving averages at 3E."D and 3E.4#. My monthly value level is 33.#3 with semiannual, annual and +uarterly risky levels at 3E.4#, C#.DC, C".#B and C2.3".

8ichard Suttmeier has been a professional in the 1S :apital Markets since "ED2 transferring his engineering skills to the trading and investment world. 5e earned a Bachelor of $ndustrial 0ngineering degree from (eorgia $nstitute of Technology in "E44, and a Master of Science, 6perations 8esearch, Systems ,nalysis degree from Brooklyn 7olytechnic 1niversity in "ED#. 6ver the years 8ichard appeared many times in the financial media, on networks such as :-B:, :--, :--fn, -ew .ork ", Bloomberg T/ and radio, )o9 Business, Business -ews -etwork in :anada, @all Street @eek with )ortune, .ahoo )inance Breakout, and the Bill Ma;er 8adio Show. $n 2##2, he anchored his own show on .ahoo )inance /ision called, KTraders= :lub with 8ichard Suttmeier.K 8ichard has been fre+uently +uoted in 1S, Today, The -. Times, @all Street >ournal, 8euters, and The <ow >ones -ewswires. 8ichard has made numerous speaking appearances in recent years to groups such as the Market Technicians ,ssociations, the ,merican ,ssociation of $ndividual $nvestors, @ells )argo ,dvisors, the 09ecutive )orum at the -ational ,rts :lub, and the $nvestors 8oundtable of @ilmington -:.

#ow -$4 can take advantage of the same market and trading e9pertise as the financial media with .ichard Suttmeier!s Valu)rader Model Portfolio The /aluTrader 7ortfolio -ewsletter is based on /alu0ngine :hief Market Strategist 8ichard Suttmeier=s proprietary market analytics. Suttmeier combines his technical analysis e9pertise with /alu0ngine=s proprietary valuation, forecast, and ratings data for more than 3### e+uities trading on 1S markets to come up with a 2# stock portfolio tailored to current market conditions. @ith /aluTrader, subscribers access Suttmeier=s KBuy and TradeK strategy with a portfolio designed to function well in both up and down markets. 0very edition of 8ichard Suttmeier=s /aluTrader model portfolio includes technical risk, pivot, and value levels, as well as critical /alu0ngine data points-ratings, valuation, and forecast--for the current portfolio. @henever Suttmeier buys a new stock or sells a current holding, subscribers receive an email alert so that they can take advantage of Suttmeier=s proven market-timing e9pertise. The portfolio may include long as well as short positions according to Suttmeier=s read of the markets. .lic$ CERE to 7ign U" for .hief ;ar$et 7trategist Richard 7uttmeierEs ValuTrader ;odel :ortfolio
With Richard 7uttmeierEs ;orning >riefingD !ou get dail! anal!sis of U7 Treasur! <ieldsD GoldD .rude OilD and .urrenc! E-change Rates220ollarD <enD :oundD and Euro22as #ell as $e! technical indicators for the maGor e*uit! a erages.

.lic$ CERE to 7ign U" for .hief ;ar$et 7trategist Richard 7uttmeierEs ;orning >riefingH

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6ur :hief Market Strategist 8ichard Suttmeier is a prolific market observer and you can find his content in a variety of places. 5is weekly column on )orbes provides insights into his KBuy and TradeK strategy while his daily market analysis can be followed and accessed at Scribd, Twitter, and Minyanville. Senior 0ditor Steve 5ach re-posts 7<)s and web-accessible copies of <aily and @eekly /alu0ngine bulletins at Seeking ,lpha and Scribd. $n most cases, you can receive notification of /0 content posting by Suttmeier and 5ach by following the /alu0ngine feed on twitter L/alu0ngine. Minks for this content are provided below, you may also find these links on our website HERE

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