June 22 2012

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The ValuEngine Weekly is an Investor Education newsletter focused on the quantitative approach to investing and the tools available from ValuEngine.com. In today's fast-moving and globalized financial markets, it is easy to get overloaded with information. The winners will adopt an objective, scientific, independent and unemotional approach to investing. If you are not yet a member of ValuEngine's stock analysis service, sign up now for a two-week free trial at www.valuengine.com!

MARKET OVERVIEW

Index
DJIA NASDAQ RUSSELL 2000 S&P 500

started week
12767.02 2872.49 766.92 1342.42

Thursday Close
12573.6 2859.09 764.83 1325.51

4 day change
-193.42 -13.4 -2.09 -16.91

4 day change %
-1.51% -0.47% -0.27% -1.26%

ytd
2.91% 9.75% 3.23% 5.40%

Summary of VE Stock Universe

Stocks Undervalued Stocks Overvalued Stocks Undervalued by 20% Stocks Overvalued by 20% 73.21% 26.79% 37.79% 10.21%

SECTOR OVERVIEW

Sector
Aerospace Auto-Tires-Trucks Basic Materials Business Services Computer and Technology Construction Consumer Discretionary Consumer Staples Finance Industrial Products Medical Multi-Sector Conglomerates Oils-Energy Retail-Wholesale Transportation Utilities

Change
-1.98% -3.41% -4.14% -1.63% -2.37% -2.31% -1.50% -1.26% -1.49% -2.47% -1.43% -1.92% -3.65% -1.98% -1.76% -1.48%

MTD
-0.44% -0.64% 1.15% 0.13% 0.00% 0.70% -0.91% -0.15% 1.20% -1.21% 2.90% -0.62% -1.71% -0.79% 0.74% 2.29%

YTD
-2.23% 0.02% -5.97% 3.39% 4.05% 13.37% 6.50% 5.80% 11.39% -2.20% 9.39% 3.11% -12.77% 6.09% 5.31% -3.23%

Valuation
2.07% undervalued 19.29% undervalued 16.36% undervalued 6.01% undervalued 2.04% overvalued 11.41% undervalued 4.61% undervalued 7.46% overvalued 3.85% overvalued 1.39% undervalued 5.75% overvalued 2.96% undervalued 17.60% undervalued 0.92% overvalued 5.62% undervalued 6.73% overvalued

Last 12-M Return

-14.06% -19.07% -33.30% -6.39% -12.74% -9.41% -4.44% -6.58% -1.22% -14.84% -11.86% -11.17% -27.84% 0.78% -16.76% -8.30%

P/E Ratio
37.01 17.96 22.07 32.84 37.07 41.93 29.98 18.38 21.86 18.86 29.15 13.73 24.52 25.05 24.16 18.77

Sector TalkBig Banks

Below, we present the latest data on large banks from our Institutional software package (VEI). This is provided on the heels of the recent news that Moody's has downgraded 15 large global institutions. The Moody's downgraded banks are highlighted. Please Click Here to Download a FREE Demo of ValuEngine's Professional VEI Software Package.

Ticker
AIG AXP BAC BK C COF DB GS HBC JPM MS PNC UBS USB WFC

Name
AMER INTL GRP AMER EXPRESS CO BANK OF AMER CP BANK OF NY MELL CITIGROUP INC CAPITAL ONE FIN DEUTSCHE BK AG GOLDMAN SACHS HSBC HOLDINGS JPMORGAN CHASE MORGAN STANLEY PNC FINL SVC CP UBS AG US BANCORP WELLS FARGONEW

Mkt Valuation VE Price (%) Rating

31.04 56.32 7.82 20.86 27.83 53.03 35.51 93.9 43.3 35.51 13.96 58.64 11.7 31.23 32.34 -75 -11.2 -42.06 -34.18 -75 -3.28 -49.92 -17.53 N/A -21.97 -50.94 -15.97 -52.88 -11.31 -9.59 4 4 3 3 3 4 3 3 3 3 3 4 3 4 4

Last 12- Forecast Forecast P/E M 1-Month 1-Yr Ratio Retn(%) Retn(%) Retn(%)
7.85 15.39 -27.39 -18.9 -29.11 5.13 -38.56 -29.91 -7.97 -10.69 -38.01 5.66 -35.54 29.05 20.13 1.52 1.05 -0.25 0.23 0.65 0.6 -0.12 -0.3 -0.08 0.18 -0.19 0.9 0.13 1.08 0.8 11.86 8.83 -1.03 0.46 2.9 6.08 -3.86 -3.66 1.09 2.21 -3.33 5.43 -1.06 9.57 7.49 19.99 13.33 13.96 9.93 7.37 8.97 7.37 12.82 N/A 8.3 7.24 9.48 11.88 11.96 10.87

Industry
INSURANCE-MULTI LINE FINANCE-MISC SERVICES BANKS-MAJOR REGIONAL BANKS-MAJOR REGIONAL BANKS-MAJOR REGIONAL FINANCE-CONSUMER LOANS BANKS-FOREIGN FINANCE-INVESTMENT BKRS BANKS-FOREIGN BANKS-MAJOR REGIONAL FINANCE-INVESTMENT BKRS BANKS-MAJOR REGIONAL BANKS-FOREIGN BANKS-MAJOR REGIONAL BANKS-MAJOR REGIONAL

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Free Report Download for Subscribers

As a bonus to our Free Weekly Newsletter subscribers, we are now offering a FREE DOWNLOAD of one of our $ 25.00 Detailed Valuation Reports.
This week's free download is our report on Apple (AAPL). Apple Inc. (Apple), along with its subsidiaries, is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. It also sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It also sells and delivers digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store. During the year ended November 24, 2011, the Company, as part of a consortium, acquired Nortel Networks Corporations patent portfolio. In February 2012, the Company acquired app-search engine Chomp.

Weekly Subscribers can download a FREE Detailed Valuation Report on Apple HERE If you have not subscribed and want to be able to receive a FREE $ 25.00 Detailed Valuation Report, you can subscribe to our Free Weekly Newsletter HERE.

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What's Hot-The VE Forecast 16 MNS Newsletter

Looking for an investment plan that can beat the returns of the S&P 500 with smaller draw downs and less overall risk? Then subscribe to The ValuEngine Forecast 16 MNS Portfolio Newsletter. The ValuEngine Forecast 16 MNS Portfolio is based on our highlyrefined and tested ValuEngine Diversified Growth Strategy. Last Month, with the market still volatile due to eurozone troubles and continued economic uncertainty in the U.S., our portfolio posted a positive return of 4.29% vs the S&P's gain of 1.36%.

Standard Strategy
No Stops 50/50 Allocation

Long-Bias
(70-30) 3.30 (60-40) 3.79

MNS
(50-50) 4.29 (40-60) 4.78

Short-Bias
(30-70) 5.27

The portfolio was protected by the strong performance of our short side which provided a return of 3.37 % while the long side returned 0.91%. With the ValuEngine Forecast 16 Market Neutral Strategy Portfolio Newsletter, you can run your own portfolio like a hedge fund to manage risk and profit in any market environment. Here are the short-side results for May-June 2012:
Entry Price 5/18/12
6.46 15.56 7.55 37.34 5.52 10.43 18.35 6.30 10.12 15.66 12.51 21.47

Ticker
GY FSYS EXK VPRT FRP NCS JAKK STEI FSP APOG OGXI LUK

Company Name
GENCORP INC FUEL SYSTEM SOL ENDEAVOUR SILVR VISTAPRINT NV FAIRPOINT COMM NCI BLDG SYSTEM JAKKS PACIFIC STEWART ENTRP A FRANKLIN ST PPT APOGEE ENTRPRS ONCOGENEX PHARM LEUCADIA NATL

Exit Price
5.88 15.03 9.41 31.01 4.65 10.03 18.53 6.70 10.07 15.01 12.58 21.41

Change
0.58 0.53 -1.86 6.33 0.87 0.40 -0.18 -0.40 0.05 0.65 -0.07 0.06

%Change
8.98 3.41 -24.64 16.95 15.76 3.84 -0.98 -6.35 0.49 4.15 -0.56 0.28

Sector
AEROSPACE AUTO TIRES TRUCKS BASIC MATERIALS BUSINESS SERVICES COMPUTERS TECHNOLOGY CONSTRUCTION CONSUMER DISCRETIONARY CONSUMER STAPLES FINANCE INDUSTRIAL PRODUCTS MEDICAL MULTI-SECTOR CONGLOMERATES

Ticker

Company Name

Entry Price 5/18/12

5.32 50.87 5.52 65.58

Exit Price

Change

%Change

Sector

JKS SHLD ATSG CHG

JINKOSOLAR HLDG SEARS HLDG CP AIR TRANSPT SVC CH ENERGY GRP SHORT PORTFOLIO

4.04 51.08 5.06 65.14

1.28 -0.21 0.46 0.44

24.06 -0.41 8.33 0.67 3.37

OILS ENERGY RETAIL WHOLESALE TRANSPORTATION UTILITIES

GSPC

S&P500

1324.8

1342.84

18.04

1.36

The ValuEngine Forecast 16 MNS Portfolio Newsletter is derived from the ValuEngine Diversified Growth Benchmark Portfolio Strategy. This strategy is the product of ValuEngine's academic research team and combines cutting-edge financial analysis and portfolio construction techniques with real-world Wall St. know how. Since inception, the ValuEngine Forecast 16 MNS Portfolio Newsletter has provided a return of 51% while achieving a better Sharpe and Sortino ratios than the S&P 500.

Our Forecast 16 Market Neutral Portfolio Newsletter subscribers were alerted to many winning trades over the past few months. Recent changes to the newsletter make this portfolio easier to trade, and we want to remind our clients of the benefits of the market neutral approach and to publicize our recent strong performance. We are currently offering new subscribers a 30 day free trial of the Forecast 16 Market Neutral Newsletter ! With the FREE TRIAL, you can access the current portfolio and you will receive next month's rebalanced portfolio with no obligation !

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Suttmeier Says
--Commentary and Analysis from Chief Market Strategist Richard Suttmeier
If you have any comments or questions, send them to Rsuttmeier@Gmail.com Treasury Yields 10-Year--(1.618) Semiannual and monthly value levels are 1.903 and 1.909 with a daily pivot at 1.633, and weekly, quarterly and semiannual risky levels at 1.452, 1.407 and 1.385. Commodities and Forex Comex Gold--($1566.6) My annual value level is $1388.4 with weekly and annual pivots at $1583.8 and $1575.8, and daily, semiannual and monthly risky levels at $1616.0, $1635.8, $1659.4 and $1695.4. My quarterly risky level is $1871.9. The 50-day / 200-day SMAs: $1613.9 / $1674.7. Nymex Crude--($78.37) I show no nearby value levels with semiannual and weekly pivots at $79.83 and $78.40, and daily, quarterly, annual and semiannual risky levels at $82.86, $101.55, $103.58 and $104.84. The Euro--(1.2546) My weekly value level is 1.2288 with daily, monthly, semiannual and quarterly risky levels at 1.2718, 1.2815, 1.2980 and 1.3366. The June 2010 low is 1.1880. Major Indices Daily Dow: (12,574) Weekly and annual value levels are 12,330 and 12,312 with a quarterly pivot at 12,794, and daily, annual and monthly risky levels at 12,931, 14,032 and 14,201. S&P 500 (1325.5) My weekly value level is 1294.4 with my quarterly pivot at 1337.7, and daily, annual, monthly and annual risky levels at 1362.3, 1363.2, 1504.8 and 1562.9. My annual pivot at 1363.2 was tested on Tuesday.

NASDAQ (2859) Weekly and annual value levels are 2761 and 2698 with a quarterly pivot at 2911, and daily, annual and monthly risky levels at 2933, 3232 and 3248. NASDAQ 100 (NDX) (2557) Weekly and annual value levels are 2471 and 2300 with daily, annual and quarterly risky levels at 2624, 2603 and 2608, and monthly risky level at 2873. Dow Transports (5126) My weekly value level at 4931 with daily and quarterly risky levels at 5255 and 5420, and the all time high set at 5627.85 on July 11, 2011. Russell 2000 (764.83) My weekly value level is 744.89 with daily, quarterly and annual risky levels at 786.82, 829.34 and 836.15, and the all time high set at 868.57 on May 2, 2011. The SOX (372.71) My weekly value level is 355.06 with daily, quarterly and monthly risky levels at 387.05, 416.01 and 449.21, and the 2011 high at 474.33 set on February 18, 2011.

ValuEngine.com Tools and Services

We provide a variety of means for accessing ValuEngine market analysis and other content. You can find us on some of the leading financial media websites as well as the more popular social media services. While our own website ValuEngine.com provides access to lots of analysis--and you can always sign up to receive email daily and weekly bulletins HERE, some users prefer to download PDF reports of content while others prefer to garner info while browsing the web. Our Chief Market Strategist Richard Suttmeier is a prolific market observer and you can find his content in a variety of places. His weekly column on Forbes provides insights into his "Buy and Trade" strategy while his daily market analysis can be followed and accessed at Scribd, Twitter, and Minyanville. Senior Editor Steve Hach re-posts PDFs and web-accessible copies of Daily and Weekly ValuEngine bulletins at Seeking Alpha and Scribd.

In most cases, you can receive notification of VE content posting by Suttmeier and Hach by following the ValuEngine feed on twitter @ValuEngine. Links for this content are provided below, you may also find these links on our website HERE Intelligent Investing with Richard Suttmeier Articles by Richard Suttmeier | Articles by Steve Hach Newsletters, Articles and Other Research Pieces Articles by Richard Suttmeier | Articles by Steve Hach Get short, timely messages from ValuEngine Inc Daily Bulletin PDFs, Weekly Newsletter PDFs, and PDF Research Reports