September 15, 2016

VALUATION WATCH: Overvalued stocks now make up 45.09% of our stocks assigned a valuation and 14.27% of those equities are calculated to be overvalued by 20% or more. Seven sectors are calculated to be overvalued.

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--Kors Dethroned By CBS On ValuEngine Top-Ten SP500 Stock List

ValuEngine tracks more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities.  When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth if the market were totally rational and efficient--an academic exercise to be sure, but one which allows for useful comparisons between equities, sectors, and industries. Using our Valuation Model, we can currently assign a VE valuation calculation to more than 2800 stocks in our US Universe.

We also use trading data to provide forecast estimates for a variety of time horizons for almost ever equity in our database. Our Buy/Sell/Hold recommendations are based upon the 1-year forecast return figure. Using valuation and forecast figures, you can rank and rate our covered stocks against each other, to find out, in an objective and systematic way, the most attractive investment targets based on your own risk/reward parameters. We re-calculate the entire database every trading day, so you are assured that every proprietary valuation and forecast datapoint is as up-to-date as possible.

We can use our data to track individual stocks, industries, sectors, and indices. For today's bulletin, we present key metrics for the top picks in the S&P 500. The companies listed below represent the top-ten BUY/STRONG BUY stocks within the index. They are presented below according to their one-month forecast target prices.

It took a long time, but Michael Kors (KORS) has finally been dethroned as our top S&P500 stock. The company was in first place for the last three editions of our S&P 500 list. It has been replaced by media giant CBS (CBS) --which was in ninth place in our last edition. KLA-Tencor (KLAC) also moved up one spot. Declines ruled this edition, with Applied Materials (AMAT), Tyson Foods (TSN), and Global Payments also falling several positions.

We see some turnover this time around, with newcomers Scripps Networks (SNI), Entergy (ETR), Untied Rentals (URI), and Zimmer Biomet (ZBH) making their debuts. Those new companites replaced Dow Chemical (DOW), LAM Research (LCRX), General Motors (GM), and Edwards Lifesciences (EW).

Each company in our top-ten list is ranked STRONG BUY or BUY this time around.

NOTE: New stocks are in BOLD, old stocks that have moved up the list are in GREEN, old stocks that have declined in position are in RED, and stocks which have retained their position are in CAPS.

Below is today's data on one of our SP500 top-ten newcomers, Scripps Networks (SNI).

SCRIPPS NETWORKS INTERACTIVE INC. is the leading developer of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion Web sites and broadband vertical channels. The company's media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country (GAC); and Interactive Services, with leading online search and comparison shopping services, Shopzilla and uSwitch.

ValuEngine continues its STRONG BUY recommendation on SCRIPPS NETWRKS for 2016-09-14. Based on the information we have gathered and our resulting research, we feel that SCRIPPS NETWRKS has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Company Size and P/E Ratio.

You can download a free copy of detailed report on Scripps Networks (SNI) from the link below.

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	62.13	1.03%
3-Month	62.50	1.62%
6-Month	62.51	1.64%
1-Year	69.08	12.32%
2-Year	59.57	-3.14%
3-Year	48.75	-20.73%

Valuation & Rankings
Valuation	12.74% undervalued	Valuation Rank(?)	70
1-M Forecast Return	1.03%	1-M Forecast Return Rank	98
12-M Return	16.88%	Momentum Rank(?)	73
Sharpe Ratio	0.32	Sharpe Ratio Rank(?)	71
5-Y Avg Annual Return	7.83%	5-Y Avg Annual Rtn Rank	70
Volatility	24.39%	Volatility Rank(?)	66
Expected EPS Growth	-1.76%	EPS Growth Rank(?)	20
Market Cap (billions)	8.12	Size Rank	89
Trailing P/E Ratio	11.60	Trailing P/E Rank(?)	86
Forward P/E Ratio	11.81	Forward P/E Ratio Rank	73
PEG Ratio	n/a	PEG Ratio Rank	n/a
Price/Sales	2.43	Price/Sales Rank(?)	39
Market/Book	3.75	Market/Book Rank(?)	32
Beta	1.24	Beta Rank	32
Alpha	0.06	Alpha Rank	71

DOWNLOAD A FREE SAMPLE OF OUR SCRIPPS NETWORKS (SNI) REPORT BY CLICKING HERE

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