This week, we provide top-five ranked VE data for our Computers and Technology stocks. We take a look at our latest data on Office Depot $ODP.
VALUATION: Overvalued stocks now make up 56.3% of our stocks assigned a valuation and 22.74% of those equities are calculated to be overvalued by 20% or more. Thirteen sectors are calculated to be overvalued. We no longer operate under a valuation watch since our measure of overvaluation has once again declined below 60%.
ValuEngine Index Overview
| Index | Week Open | Thursday PM | Change | % Change | YTD |
| DJIA | 21577.78 | 21707.41 | 129.63 | 0.60% | 9.84% |
| NASDAQ | 6387.82 | 6337.93 | -49.89 | -0.78% | 17.74% |
| RUSSELL 2000 | 1435.82 | 1433.58 | -2.24 | -0.16% | 5.63% |
| S&P 500 | 2472.04 | 2463.23 | -8.81 | -0.36% | 10.02% |
ValuEngine Market Overview
| Summary of VE Stock Universe | |
| Stocks Undervalued | 43.7% |
| Stocks Overvalued | 56.3% |
| Stocks Undervalued by 20% | 19.77% |
| Stocks Overvalued by 20% | 22.74% |
ValuEngine Sector Overview
| Sector | Change | MTD | YTD | Valuation | Last 12-MReturn | P/E Ratio |
| Computer and Technology | -0.32% | 3.70% | 22.07% | 15.67% overvalued | 21.07% | 31.77 |
| Aerospace | -0.25% | 1.67% | 5.28% | 10.72% overvalued | 30.61% | 21.60 |
| Utilities | -0.12% | 1.80% | 13.75% | 8.95% overvalued | 11.69% | 25.94 |
| Industrial Products | -0.17% | 1.12% | 8.65% | 8.35% overvalued | 20.44% | 24.61 |
| Consumer Discretionary | 0.07% | 0.87% | 11.64% | 6.66% overvalued | 16.91% | 26.68 |
| Finance | -0.22% | 1.50% | 7.47% | 6.44% overvalued | 15.52% | 18.56 |
| Construction | -0.04% | 0.44% | 11.48% | 5.46% overvalued | 14.73% | 21.65 |
| Business Services | 0.17% | 1.11% | 6.79% | 4.17% overvalued | 7.23% | 25.48 |
| Auto-Tires-Trucks | -0.64% | -0.30% | 14.55% | 3.66% overvalued | 27.41% | 14.38 |
| Transportation | -0.47% | 1.27% | 10.52% | 2.99% overvalued | 15.81% | 21.19 |
| Consumer Staples | -0.23% | 0.58% | 5.40% | 2.08% overvalued | 7.93% | 25.00 |
| Medical | -0.57% | -0.20% | 17.31% | 1.75% overvalued | 10.74% | 29.27 |
| Multi-Sector Conglomerates | -0.78% | 0.97% | 10.94% | 1.60% overvalued | 12.45% | 20.64 |
| Basic Materials | -0.00% | 2.53% | 9.09% | 3.52% undervalued | 10.83% | 25.02 |
| Retail-Wholesale | 0.20% | -0.53% | 0.38% | 6.69% undervalued | 1.37% | 23.32 |
| Oils-Energy | 0.54% | 1.83% | -1.99% | 9.05% undervalued | -1.32% | 29.07 |
Sector Talk–Computers and Technology
Below, we present the latest data on Computers and Technology stocks from our Professional Stock Analysis Service. Top- five lists are provided for each category. We applied some basic liquidity criteria–share price greater than $3 and average daily volume in excess of 100k shares.
Top-Five Computers and Technology Stocks–Short-Term Forecast Returns
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| MU | MICRON TECH | 29.81 | -18.11% | 103.20% |
| FNJN | FINJAN HOLDINGS | 3.2 | N/A | 67.54% |
| WDC | WESTERN DIGITAL | 92.96 | -8.39% | 72.98% |
| IDCC | INTERDIGITL INC | 78.2 | -3.02% | 32.90% |
| SMI | SEMICON MFG-ADR | 5.85 | -32.20% | 42.34% |
Top-Five Computers and Technology Stocks–Momentum
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| STRP | STRAIGHT PATH | 179.58 | N/A | 935.64% |
| AAOI | APPLIED OPTOELE | 98.76 | 33.80% | 679.48% |
| ANY | SPHERE 3D CORP | 4.66 | N/A | 471.71% |
| KEM | KEMET CORP | 17.1 | 173.29% | 401.47% |
| BZUN | BAOZUN INC | 32.85 | N/A | 351.24% |
Top-Five Computers and Technology Stocks–Composite Score
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| MU | MICRON TECH | 29.81 | -18.11% | 103.20% |
| WDC | WESTERN DIGITAL | 92.96 | -8.39% | 72.98% |
| SMI | SEMICON MFG-ADR | 5.85 | -32.20% | 42.34% |
| ON | ON SEMICON CORP | 15.64 | -12.67% | 53.79% |
| HPQ | HP INC | 19.26 | -3.98% | 35.83% |
Top-Five Computers and Technology Stocks–Most Overvalued
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| SGMS | SCIENTIFIC GAME | 39 | 253.38% | 249.78% |
| AMD | ADV MICRO DEV | 14.76 | 190.08% | 111.46% |
| KEM | KEMET CORP | 17.1 | 173.29% | 401.47% |
| ITI | ITERIS INC | 6.36 | 145.54% | 88.17% |
| ADSK | AUTODESK INC | 114.08 | 140.90% | 94.18% |
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Office Depot, Inc. (ODP) is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car. The companyoperates under several banner brands including Office Depot, OfficeMax and Grand & Toy. The company’s portfolio of exclusive product brands include TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.
VALUENGINE RECOMMENDATION: ValuEngine continues its STRONG BUY recommendation on Office Depot for 2017-07-26. Based on the information we have gathered and our resulting research, we feel that Office Depot has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Price Sales Ratio.
You can download a free copy of detailed report on Office Depot, Inc. (ODP) from the link below.
Read our Complete Rating and Forecast Report HERE.
| ValuEngine Forecast | ||
| Target Price* | Expected Return | |
|---|---|---|
| 1-Month | 5.97 | 1.45% |
| 3-Month | 5.72 | -2.70% |
| 6-Month | 5.79 | -1.58% |
| 1-Year | 6.91 | 17.47% |
| 2-Year | 5.29 | -9.99% |
| 3-Year | 4.71 | -19.95% |
| Valuation & Rankings | |||
| Valuation | 41.40% undervalued | Valuation Rank(?) | 90 |
| 1-M Forecast Return | 1.45% | 1-M Forecast Return Rank | 100 |
| 12-M Return | 67.05% | Momentum Rank(?) | 91 |
| Sharpe Ratio | 0.33 | Sharpe Ratio Rank(?) | 67 |
| 5-Y Avg Annual Return | 19.20% | 5-Y Avg Annual Rtn Rank | 86 |
| Volatility | 58.19% | Volatility Rank(?) | 28 |
| Expected EPS Growth | 1.92% | EPS Growth Rank(?) | 23 |
| Market Cap (billions) | 3.17 | Size Rank | 76 |
| Trailing P/E Ratio | 11.31 | Trailing P/E Rank(?) | 90 |
| Forward P/E Ratio | 11.09 | Forward P/E Ratio Rank | 81 |
| PEG Ratio | 5.88 | PEG Ratio Rank | 7 |
| Price/Sales | 0.31 | Price/Sales Rank(?) | 91 |
| Market/Book | 2.03 | Market/Book Rank(?) | 54 |
| Beta | 2.72 | Beta Rank | 7 |
| Alpha | 0.14 | Alpha Rank | 75 |
ValuEngine.com is an Independent Research Provider (IRP), producing buy/hold/sell recommendations, target price, and valuations on over 5,000 US and Canadian equities every trading day.
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