Overnight Market Update
Big day in the markets Friday after a turbulent week for the S&P 500, up 0.68% overnight to 2381 and the Dow Jones Industrial Average, up 0.69% to 20,804. Biggest gains came in the Basic Materials sector, up 1.57% while Healthcare had the smallest gain, up just 0.25%. Largest individual stock gains included Autodesk, Inc. (NASDAQ:ADSK), up 14.69%, and Liberty Tripadvisor Holdings Inc (NASDAQ:LTRPB), up 13.04%, while the biggest losers were Sibanye Gold Ltd (ADR) (NYSE:SBGL), down 32.23% and Foot Locker, Inc. (NYSE:FL), down 16.64%. Highest trading stocks in terms of volume included Bank of America Corp (NYSE:BAC), with 89.57M shares traded and Frontier Communications Corp (NASDAQ:FTR), with 50.84M shares traded.
TAM Deep Value Stock Screeners – Market Update
The TAM Deep Value Stock Portfolio rose 1.30% overnight to 9.52%. The Russell 3000 (INDEXRUSSELL:RUA) rose 0.68% to 9.81%. The TAM Deep Value Stock Portfolio trails the Russell 3000 by 0.29% since inception.
In other overnight news from the three TAM Deep Value Stock Screeners:
TAM Large Cap 1000 Stock Screener
This screen shows the top 30 companies in The Acquirer’s Multiple® Large Cap 1000 universe, which is drawn from the largest 1,000 U.S. exchange-traded stocks and ADRs excluding financials and utilities.
Biggest Gainers: Teck Resources Ltd (USA) up (NYSE:TECK) 3.55%, Ternium SA (ADR) (NYSE:TX) up 3.48%.
Biggest Losers: Foot Locker, Inc. (NYSE:FL) down 16.64%, L Brands Inc (NYSE:LB) down 1.41%.
TAM All Investable Stock Screener
This screen shows the top 30 companies in The Acquirer’s Multiple® All Investable Stocks universe, which includes the largest half of U.S. exchange-traded stocks and ADRs. The screen excludes financials and utilities.
Biggest Gainers: Net 1 UEPS Technologies Inc (NASDAQ:UEPS) up 4.44%, Seadrill Partners LLC (NYSE:SDLP) up 3.49%.
Biggest Losers: Sibanye Gold Ltd (ADR) (NYSE:SBGL) down 32.23%, Kirkland’s, Inc. (NASDAQ:KIRK) down 2.71%.
TAM Small & Micro Cap Stock Screener
This screen shows the top 30 companies in The Acquirer’s Multiple® Small and Micro Cap Stocks universe, which includes the smallest half of U.S. exchange-traded stocks and ADRs. The screen excludes financials and utilities.
Biggest Gainers: Ocean Rig UDW Inc. (NASDAQ:ORIG) up 9.13%, Goldfield Corp (NYSEMKT:GV) up 8.43%.
Biggest Losers: Mastech Digital Inc (NYSEMKT:MHH) down 2.31%, Network-1 Technologies Inc (NYSEMKT:NTIP) down 1.14%.
The Acquirer’s Multiple® Valuation Ratio
All stocks in the TAM Deep Value Stock Screeners are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures.
The Acquirer’s Multiple® is calculated as follows:
Enterprise Value / Operating Earnings
The Acquirer’s Multiple® was developed by Tobias Carlisle who is the founder and Chief Investment Officer of Carbon Beach Asset Management LLC. He is also the author of Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014, Wiley Finance), and Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012, Wiley Finance). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.
Stocks mentioned include: (NASDAQ:ADSK), (NASDAQ:LTRPB), (NYSE:SBGL), (NYSE:FL), (NYSE:BAC), (NASDAQ:FTR), (NYSE:TECK), (NYSE:TX), (NYSE:FL), (NYSE:LB), (NASDAQ:UEPS), (NYSE:SDLP), (NYSE:SBGL), (NASDAQ:KIRK)(NASDAQ:ORIG), (NYSEMKT:GV), (NYSEMKT:MHH), (NYSEMKT:NTIP),
