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September 19, 2014

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VALUATION WARNING: Our Valuation WARNING is back ON. Overvalued
stocks now make u !".#"$ o% our stocks assi&ned a valuation and
'(.'($ o% t)ose e*uities are calculated to be overvalued b+ '#$ or more.
,i%teen sectors are calculated to be overvalued--seven b+ double di&its.
MARKET OVERVIEW
Inde. /tarted week ,rida+ A0 1)an&e 1)an&e $ +td
23IA %&'((")& %)*%( 4'5.'6 7.56$ 6.6($
NA/2A8 +,&)"+, +,'("*- 4#."( #.!"$ 7#.7#$
RU//9LL '### %%,'"'( %%,)"-) -'.(7 -#.'4$ -#.::$
/;< :## %'(&".+ -.%,"&- '5.:" 7.65$ 5.#:$
/ummar+ o% V9 /tock Universe
/tocks Undervalued 47.5'$
/tocks Overvalued !".#"$
/tocks Undervalued b+ '#$ 5.5'$
/tocks Overvalued b+ '#$ '(.'($
SECTOR OVERVIEW
/ector 1)an&e 0T2 =T2 Valuation Last 7'-0
Return
<>9
Ratio
Aerosace ."-%/ %"+'/ %"+./ %-"'./ overvalued -*"(&/ %'"'%
Auto-Tires-Trucks ."-)/ --"+,/ *"-(/ '")-/ overvalued (")%/ %)",'
?asic 0aterials -."%*/ -*"&)/ +"&(/ %"&)/ undervalued .",)/ -,"'-
?usiness /ervices .",-/ -."&(/ ."()/ )"%&/ overvalued %+"''/ -+"*,
1omuter and Tec)nolo&+ ."-,/ -.",(/ &",-/ %,"%./ overvalued %%"*'/ *-"+
1onstruction ."%*/ -%"('/ %".&/ &"+'/ overvalued %."&*/ -,".-
1onsumer 2iscretionar+ ."--/ -%"+)/ -%"(%/ '"+./ overvalued '".(/ -'"-&
1onsumer /tales .",./ -.")'/ +")./ %)".,/ overvalued %-",./ -,"-
,inance ."-,/ -."%'/ +"&&/ '")*/ overvalued ("&,/ %)")+
Industrial <roducts -.".(/ -%",%/ -."))/ )"-&/ overvalued ("&(/ -*".-
0edical .".'/ -%"*%/ %%".*/ %*"%*/ overvalued %("'&/ *."+
0ulti-/ector 1on&lomerates ."-(/ -.")-/ +"%*/ %+",)/ overvalued %.",%/ -%"'&
Oils-9ner&+ -.",+/ -+"&*/ %+"%&/ '"%+/ overvalued %,"+*/ -&".+
Retail-W)olesale -."*%/ -."))/ -*"*'/ %%"-(/ overvalued -"'&/ -+",(
Transortation .".,/ %"%./ ("'%/ %&"&'/ overvalued --"),/ -%".'
Utilities ."-)/ -."'&/ ("*)/ )"**/ overvalued %+"*'/ -."**
ValuEngine e!"letter" #ate"t Re"ult"
V9 Newsletter 1urrent 0ont) Total /;< :## Last 0ont) Total /;< :## /ince
Incetion
/;<
:##
,orecast 0N/ -7.#6 #."" -#.!' #.!4 "#.:' 77(.75
2ividend /tock -4.#' #.7" #.65 #.(4 ':."" '".(#
/mall 1a /tock -7.!! #.(! '."" #.!: 4'."7 64.'4
View #.'" #.74 -#.:4 #."" 7'5.77 (!.:'
Se$t%r Tal&'(a"i$ Material"
Below, we present the latest data on leading Basic Materials Sector stocks from
our Institutional software package (VEI. These results were filtered by market price
and volume--no results below 3!share or less than "##k shares!day volume.
To-,ive ?asic 0aterials /ector /tocks--/)ort-Term ,orecast Returns
Ticker Name 0kt <rice Valuation@$A Last 7'-0
Retn@$A
/?GL 0I1234E 567-278 ("++ 392 &&"+)
U/9G :0 E3E854 ;<-W4 *")) --%"( ((",
/L1A :0 0I6I;2 =>67I )%"+ -%&",+ %(*"%%
B1L< =I-;8:0= <T380 &-") 392 %+-"%(
CRA ?82T>3 <E8@>8A %("- --+"'* -'"%(
To-,ive ?asic 0aterials /ector /tocks--Lon&-Term ,orecast Returns
Ticker Name 0kt <rice Valuation@$A Last 7'-0
Retn@$A
/?GL 0I1234E 567-278 ("++ 392 &&"+)
U/9G :0 E3E854 ;<-W4 *")) --%"( ((",
/L1A :0 0I6I;2 =>67I )%"+ -%&",+ %(*"%%
B1L< =I-;8:0= <T380 &-") 392 %+-"%(
CRA ?82T>3 <E8@>8A %("- --+"'* -'"%(
To-,ive ?asic 0aterials /ector /tocks--1omosite /core
Ticker Name 0kt <rice Valuation@$A Last 7'-0
Retn@$A
L=? 64>37E66120E6-2 %%*"), )"(* ,,".+
G<R9 58EE3 <62I30 *(".+ ("%& %+,"+-
/L1A :0 0I6I;2 =>67I )%"+ -%&",+ %(*"%%
TD TE83I:A 02-278 -&"*( -*"&- +",-
C/ ?2<0T>3E <2<E8 -'"() -"%, *&"+'
To-,ive ?asic 0aterials /ector /tocks--0ost Overvalued
Ticker Name 0kt <rice Valuation@$A Last 7'-0
Retn@$A
RCT 8>;?-TE33 ;> ,.".- %.'".* -%."'&
RO1 8>;?W>>7 =6750 (-"%% ,)".- %'",+
1, ;@ I37:0 =6750 -,'")% +'".( -,"+&
BUN =:3T0A23 ;>8< -("+* +)",( +,")'
/TL2 0TEE6 7432AI;0 -+"', +&"( +*"*-
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#$ $%&I'()I$#, *+ ,(-
F.EE ).I(&/
To /i&n U %or a
,R99 TRIALE
<lease 1lick
B9R9
)ree *%!nl%a+ ,%r Rea+er"
(s a 0onus to our Free Weekly #ewsletter su0scri0ers, we are offering a F.EE
,$W#&$(, of one of our Stock .eports
$racle %orporation &$'%() is one of the world*s leading suppliers of software
for information management. The company develops, manufactures, markets and
distributes computer software that helps corporations manage and grow their
businesses. The company*s software products can be categori+ed into two broad
areas, Systems software and -nternet business applications software.
.alu/ngine updated its recommendation from B01 to 2$(3 for $'4%(/ %$'5 on
6#"7-#8-"9. Based on the information we have gathered and our resulting research,
we feel that $'4%(/ %$'5 has the probability to '$0:2(1 M4T%2 average market
performance for the ne;t year. The company e;hibits 4TT'4%T-./ %ompany Si+e but
0<4TT'4%T-./ Book Market 'atio.
(s a 0onus to our #ewsletter readers,
we are offering a F.EE ,$W#&$(, of one of our Stock .eports
.ead our 1omplete ,etailed Valuation .eport on $racle B9R9.
Suttmeier Sa-"
""1ommentary and (nalysis from 1hief Market Strategist
.ichard Suttmeier
If you have any co!!ents or "uestions, sen# the! to
Rsutt!eier$%!ail&co!
'reasury (iel#s
"#-1ear--&6.=6>) 3aily and ?uarterly value levels are 6.=8@ and 3.#79 with weekly,
monthly and semiannual risky levels at 6.77", 6.6=3, 6.#>", ".888 and ".>>8.
3#-1ear Bond A &3.3@>) 3aily and ?uarterly value levels are 3.7"8 and 3.8>" with a
annual pivot at 3.693 and annual, semiannual and weekly risky levels at 3."#>, 3.#96
and 3.#>8, and monthly and semiannual risky levels at 6.>8" and 6.79>.
Co!!o#ities an# )ore*
%ome; :old A&"66@.9) 4 daily value level is "6"=.> with ?uarterly and weekly pivots
at "637.= and "6@".= and monthly, semiannual and annual risky levels at "3>6.6,
"="3.#, ">39.>, ">7>.7 and "9"9.9.
<yme; %rude $il A &83.#") 4 weekly value level is 99.7" with a daily pivot at 83."8
and monthly, semiannual, annual and ?uarterly risky levels at "#".6", "#=.79,
"#>.@6 and "#>.>#.
The /uro A &".6866) 4 semiannual value level is ".66#3 with daily and weekly pivots at
".68@9 and ".6988 and monthly, annual and ?uarterly risky levels at ".337#, ".3396 and
".7#>8.
+a,or In#ices
3aily 3ow-- &">6==) 3aily, weekly, monthly, semiannual and annual value
levels are ">"#7, "=9@6, "=="@, "=3"#, "793@ and "37=> with the Sept. "9 all-
time intraday high at ">6>@.3> and ?uarterly and semiannual risky levels at
">>@3 and "9@@6.
SB5 @## A &6#"".7) 3aily, weekly, monthly, weekly, semiannual and annual
value levels are "886.9, "8=9.=, "8>9.6, ">98.3, "@38." and "776." with the
Sept. "9 all-time intraday high at 6#"6.37, and ?uarterly and semiannual
risky levels at 6#@6.3 and 6#9#.3.
<4S34C A &7@83) 3aily, monthly, semiannual and annual value levels are
7@7@, 77=8, 38>6, 37>" and 3#=3 with weekly and ?uarterly pivots at 7@=6
and 7@=8, the Sept. 3 multiyear intraday high at 7="#."7 and semiannual
risky level at 7=76.
<4S34C "## &<3D) A &7"#3) 3aily, monthly, ?uarterly, semiannual and
annual value levels are 7#@8, 38>6, 3987, 3@"@, 3#>9 and 6==8 with a weekly
pivot at 7#>8, a semiannual pivot at 7"#@ and the Sept. 8 multiyear intraday
high at 7""#.9=.
3ow Transports A &9=>=) 3aily, weekly, semiannual, monthly, ?uarterly,
semiannual and annual value levels are 9@8#, 939", 977>, 977>, 97"#, 96@=,
>763, =678 and @83@ with the Sept. "> all-time intraday high at 9=8@.7".
'ussell 6### A &""@8.6>) 3aily, semiannual and annual value levels are
""77.==, ""38.9", 8==.>6 and 9>8.38 with weekly and monthly pivots at
""@#.3" and ""78.>#, the Euly " all-time intraday high at "6"3.@@ and
semiannual and ?uarterly risky levels at "69@.3> and "683."".
The S$D A &=@>.3=) 3aily, ?uarterly, weekly, semiannual and annual value
levels are =7#.=#, =6=.8=, =">.69, =#9.#6, @"6.87, 3>".@9 and 33>.>7 with the
Sept. "9 multiyear intraday high =@>.7" and monthly risky level at ==6.@8.
3ow 0tilities, &@@6.9#) 3aily, weekly, annual, ?uarterly, semiannual and
annual value levels are @7@.9#, @7=.@8, @79.>#, @3=.77, @63.>6 and 78>.@3,
with the Eune 3# all-time intraday high at @>=.89 and monthly and
semiannual risky levels at @89.6= and ="6.78.
-tock of the .ay
'ichard Suttmeier has been a professional in the 0S %apital Markets since
"8>6 transferring his engineering skills to the trading and investment world. 2e
earned a Bachelor of -ndustrial /ngineering degree from :eorgia -nstitute of
Technology in "8==, and a Master of Science, $perations 'esearch, Systems
4nalysis degree from Brooklyn 5olytechnic 0niversity in "8>#. $ver the years
'ichard appeared many times in the financial media, on networks such as
%<B%, %<<, %<<fn, <ew 1ork ", Bloomberg T. and radio, Fo; Business, Business
<ews <etwork in %anada, Gall Street Geek with Fortune, 1ahoo Finance
Breakout, and the Bill Ma+er 'adio Show. 'ichard has been fre?uently ?uoted in
0S4 Today, The <1 Times, Gall Street Eournal, 'euters, and The 3ow Eones
<ewswires.
$ne of the more popular features of 'ichard Suttmeier*s Morning Briefing
for investors is his stock of the day. -n every issue, Suttmeier highlights one stock
and provides ./ data as well as his own proprietary technical data.
0nited Technologies &0TD) A &"#9.@6) 0nited Technologies %orporation provides a
broad range of high technology products and services to the building systems and
aerospace industries. Those products include 5ratt B Ghitney aircraft engines, space
propulsion systems and industrial gas turbinesH %arrier heating, air conditioning and
refrigerationH $tis elevator, escalator and people moversH 2amilton Sundstrand
aerospace and industrial productsH Sikorsky helicopters and -nternational Fuel %ells
power systems.
4nalysis A 0nited Technologies has a 2old rating according to .alu/ngine and is
#.3#I overvalued with fair value at "#>.>" and one-year price target at ""6.3#. The
daily chart shows rising stochastics with the stock below its 6"-day, @#-day and 6##-
day simple moving averages at "#9.8#, "#9.>@ and ""3.33. Semiannual and
annual value levels are "#@.9= and "#3.39, respectively, with a semiannual risky
level at "66.@6.


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dail+ anal+sis o% U/
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