November 7, 2016

VALUATION WATCH: Overvalued stocks now make up 39.76% of our stocks assigned a valuation and 11.7% of those equities are calculated to be overvalued by 20% or more. Three sectors are calculated to be overvalued.

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--TIVO Is Latest Leader On ValuEngine Top Upgrade 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 combine all of the equities with a valuation calculation to track market valuation figures and use them as a metric for making calls about the overall state of the market.  Two factors can lower these figures-- a market pullback, or a significant rise in EPS estimates.

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.

For today's edition of our upgrade list, we used our website's advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. TiVo Corp (TIVO) is our top-rated upgrade this week. PC Connection (CNXN) is a BUY stock. The rest of the components on our list are STRONG BUY companies.

Below is today's data on TiVo Corp (TIVO):

TiVo Corporation provides digital home entertainment services and solutions. The Company offers services which allow viewers to record and control live television, customize viewing preferences and access television shows. TiVo Corporation, formerly known as Rovi Corporation, is based in San Carlos, United States.

VALUENGINE RECOMMENDATION: ValuEngine updated its recommendation from BUY to STRONG BUY for TIVO CORP on 2016-11-04. Based on the information we have gathered and our resulting research, we feel that TIVO CORP has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and P/E Ratio.

You can download a free copy of detailed report on TiVo Corp (TIVO) from the link below.

ValuEngine Forecast
	Target Price*	Expected Return
1-Month	21.33	1.55%
3-Month	21.47	2.22%
6-Month	21.53	2.52%
1-Year	24.94	18.77%
2-Year	18.65	-11.21%
3-Year	15.43	-26.52%

Valuation & Rankings
Valuation	18.47% undervalued	Valuation Rank(?)	74
1-M Forecast Return	1.55%	1-M Forecast Return Rank	100
12-M Return	115.61%	Momentum Rank(?)	97
Sharpe Ratio	-0.33	Sharpe Ratio Rank(?)	28
5-Y Avg Annual Return	-18.29%	5-Y Avg Annual Rtn Rank	26
Volatility	56.06%	Volatility Rank(?)	31
Expected EPS Growth	-66.18%	EPS Growth Rank(?)	4
Market Cap (billions)	2.57	Size Rank	77
Trailing P/E Ratio	11.58	Trailing P/E Rank(?)	85
Forward P/E Ratio	34.24	Forward P/E Ratio Rank	11
PEG Ratio	n/a	PEG Ratio Rank	n/a
Price/Sales	5.06	Price/Sales Rank(?)	19
Market/Book	n/a	Market/Book Rank(?)	n/a
Beta	0.65	Beta Rank	60
Alpha	0.76	Alpha Rank	96

DOWNLOAD A FREE SAMPLE OF OUR TIVO CORP (TIVO) REPORT BY CLICKING HERE

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