November 14, 2016

VALUATION WATCH: Overvalued stocks now make up 57.17% of our stocks assigned a valuation and 24.31% of those equities are calculated to be overvalued by 20% or more. Fourteen sectors are calculated to be overvalued.

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Top O The Upgrades

--Irish Pharma Giant Mallinckrodt Is Top ValuEngine Upgrade

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. Mallinckrodt Plc (MNK) is our top-rated upgrade this week and it is a STRONG BUY. The rest of the components on our list are BUY-rated companies.

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

Mallinckrodt Plc. is engaged in pharmaceuticals business. It develops, manufactures, markets and distributes specialty pharmaceutical products and medical imaging agents. The company's Specialty Pharmaceuticals segment includes branded and generic drugs and Medical Imaging segment includes contrast media and nuclear imaging agents. Mallinckrodt Plc. is based in Dublin, Ireland.

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

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	66.67	1.16%
3-Month	66.80	1.35%
6-Month	66.64	1.10%
1-Year	75.08	13.92%
2-Year	61.22	-7.12%
3-Year	46.47	-29.49%

Valuation & Rankings
Valuation	17.98% undervalued	Valuation Rank(?)	81
1-M Forecast Return	1.16%	1-M Forecast Return Rank	99
12-M Return	15.39%	Momentum Rank(?)	72
Sharpe Ratio	0.19	Sharpe Ratio Rank(?)	65
5-Y Avg Annual Return	7.97%	5-Y Avg Annual Rtn Rank	72
Volatility	42.89%	Volatility Rank(?)	40
Expected EPS Growth	1.29%	EPS Growth Rank(?)	25
Market Cap (billions)	7.66	Size Rank	88
Trailing P/E Ratio	8.00	Trailing P/E Rank(?)	95
Forward P/E Ratio	7.89	Forward P/E Ratio Rank	91
PEG Ratio	6.18	PEG Ratio Rank	6
Price/Sales	2.25	Price/Sales Rank(?)	42
Market/Book	1.47	Market/Book Rank(?)	63
Beta	1.84	Beta Rank	14
Alpha	-0.14	Alpha Rank	26

DOWNLOAD A FREE SAMPLE OF OUR MALLINCKRODT (MNK) REPORT BY CLICKING HERE

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