ValuEngine Weekly Report 04-18-23

In January, we published “Rotating Regimes – What to Plan For in 2023.” At that time, we recounted that the 2022 US Stock Market was a conflagration that wiped out almost everything in its path with the exception of a few industries and ETFs. At that time, we reported that two Benchmark ETFs we track, the Nasdaq-100 ETF (QQQ) and the Russell 1000 Growth ETF (IWF), both had ValuEngine high 4 (Buy) ratings for forecast 1-year and 6-month returns.  Both had dropped 30% in 2022 and our predictive model called for rebounds with six-month returns of better than 4%. Those two predictions appear to have been strong calls thus far.  Both thus far in 2023 show returns above 15%.

Over 500 ETF reports (Exchange Traded Funds) are now available to professional level subscribers on www.ValuEngine.com, free trials available.

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All of the approximately 5,000 stocks, 16 sector groups, and 140 industries have been updated on www.ValuEngine.com. Details and the weekly stock pick are below. Financial Advisory Services based on ValuEngine research available through ValuEngine Capital Management, LLC, Click HERE

All of the approximately 5,000 stocks, 16 sector groups, and 140 industries have been updated on www.ValuEngine.com. Details and the weekly stock pick are below. Financial Advisory Services based on ValuEngine research available through ValuEngine Capital Management, LLC, Click HERE

VALUATION WATCH: Overvalued stocks now make up 37.19% of our stocks assigned a valuation and 17.14% of those equities are calculated to be overvalued by 20% or more.

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