USA Stock Consideration Change Report
Compass Minerals, Kindred Healthcare, Omega Healthcare, Universal Health Services, join Buy consideration. Bofi Holdings, Charter Communications, Monarch casino and Sanderson Farms move to Sell consideration.
Stock Fair Value Brief, Volume 1, Issue 3
Expetations dropped across all three market capitalization categories. Mid cap at 116.3% Fv remains the highest ahead of both Small cap at 110.8% Fv and Large cap at 104.7% Fv. It is interesting that Large cap continues to move around the 10% return year-to-date while Small cap moved back into negative territory at (-1.26%). Small cap has struggled all year trying to post positive results. The category is well inside the fair value trading range and should be able to move solidly into higher returns over the next 12 months.
USA Fair Value Change Report
Salesforce.com and Intuit receive increases while La-Z-Boy drops.
USA Stock Consideration Change Report
Darling Ingredients moves to Sell Watch consideration while 21st Century Fox joins Buy Watch consideration.
Update Economic USA Housing
New home sales statistics were recently released and they continue to show a developing market where prices are increasing which correspondingly slowed demand. There is a lower level of supply available across the entire housing marketplace. New home sales dropped 9.4% for the month, but year-over-year activity is up 9.2%. The sales period, the time new homes stay on the market For Sale, is down to 2.9 months from a previous 3.6 months just a year ago; all signs of a tightening market; good for suppliers and, not as good for buyers. Fortunately, the market is not showing signs of stress, but rather a normal activity when supply and demand are tilted to higher demand and moderate supply.