Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded slipping 42 percent and the value 42 percent lower than on Monday with 44 securities trading, down from with 47 on Monday and ended with prices of 12 rising, 13 declining and 19 closing unchanged.
Investors traded 4,787,609 shares for $11,820,076 versus 8,185,073 units at $20,337,892 on Monday.
Trading averaged 108,809 shares at $268,638, down from 174,150 shares at $432,721 on Monday with a month to date, average of273,803 units at $2,991,921 compared with 285,665 stock units at $3,187,712 on the previous day and much higher than March with an average of 509,288 units at $1,071,868.
Lumber Depot led trading with 2.52 million shares for 52.6 percent of total volume, Spur Tree Spices followed with 408,695 units for 8.5 percent of the day’s trade and JFP Ltd with 326,393 units for 6.8 percent market share.
At the close, the Junior Market Index dropped 34.25 points close at 3,700.51.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. The PE ratios of Junior Market stocks are computed using the last price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and six with lower offers.
At the close, Cargo Handlers dropped 25 cents to close at $13.70 after a transfer of 1,011 shares, Derrimon Trading advanced 5 cents in closing at $2.10 in an exchange of 32,930 stocks, Dolphin Cove popped 5 cents to $15 in switching ownership of 7,877 units. Elite Diagnostic lost 10 cents to end at $2.40 with the swapping of 134,561 stock units, Future Energy Source climbed 13 cents after ending at $4.13 and trading 78,546 stocks, General Accident declined 80 cents after ending at $5, with 17,081 stocks crossing the exchange. JFP Ltd rose 6 cents to end at $1.79 in an exchange of 326,393 shares, Knutsford Express fell 30 cents to $11.09 after 5,184 units changed hands, Lasco Distributors shed 9 cents to close at $2.31, with 15,650 stocks clearing the market. Lasco Manufacturing dipped 45 cents in closing at $3.66 with an exchange of 41,304 stock units, Main Event gained 50 cents to close at $14 after exchanging 7,603 shares. 
MFS Capital Partners dipped 7 cents to end at $3.08 while exchanging 258,159 units and Tropical Battery increased 5 cents in closing at $1.94, with and exchange of 84,307 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for April 2023
Gains for Trinidad stocks
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded jumping 194 percent with a 270 percent greater value than on Monday resulting in 18 securities trading compared with 17 on Monday, with three stocks rising, three declining and 12 remaining unchanged.
Investors traded 230,503 shares for $3,407,511 compared to 78,482 stocks at $922,127 on Monday.
An average of 12,806 shares were traded at $189,306 compared with 4,617 shares at $54,243 on Monday, with trading month to date averaging 14,850 shares at $261,541 versus 14,995 units at $266,681 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index popped 3.05 points to 1,299.96, the All T&T Index advanced 2.33 points to 1,963.22, the SME Index remained at 61.51 and the Cross-Listed Index rose 0.53 points to end at 82.60.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s remained at $64 as investors traded 4,696 shares, Angostura Holdings fell 5 cents to $23.95 in exchanging 20 stock units, Ansa Merchant Bank ended trading of 168 stocks at $43.53, First Citizens Group gained 50 cents after ending at $50 in an exchange of 7,901 units, GraceKennedy closed market activity at $4.10 with an exchange of 19,000 shares, Guardian Holdings ended at $25.05, with 5,000 stock units changing hands, JMMB Group climbed 14 cents to close at $1.50, with 15,874 shares clearing the market, Massy Holdings remained at $4.65 in an exchange of 4,324 units, National Enterprises dipped 1 cent to end at $3.73 with a transfer of 66,723 stocks, National Flour Mills remained at $1.43 with 175 units cross tinghe exchange, One Caribbean Media closed unchanged at $3.70 after exchanging 5 stock units, Prestige Holdings remained at $8 in trading 697 shares, 
Republic Financial ended at $135.50 as investors exchanged 1,281 shares, Scotiabank advanced 9 cents to $77.49 while 6,260 stocks passed through the market, Trinidad & Tobago NGL shed 6 cents in closing at $18.70, with 1,420 units crossing the market, Trinidad Cement ended at $3.50 as 80 stock units changed hands, Unilever Caribbean remained at $15.59 after investors traded 78,871 stock units and West Indian Tobacco had a switch in ownership of 18,008 units at $16.50.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for all JSE markets
All three market indices declined on the Jamaica Stock Exchange recorded on Tuesday with a rise in the volume and value of stock trading compared to Monday.
The JSE Combined Market Index shed 1,572.34 points to 346,220.16, the All Jamaican Composite Index fell 1,353.85 to 374,451.28, the JSE Main Index closed at 333,066.14 after slipping 1,349.09 points, while the Junior Market Index dropped 34.25 points to end at 3,700.51 and the JSE USD Market Index dipped 2.65 points to finish at 237.47.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Eppley 7.25 percent climbing $3.50 to $20, JPS7 percent jumped $13.25 to $63.25 and 138SLVR rallied $14.65 to close at $88.65
At the close, investors exchanged 32,651,744 shares in all three markets, up from 29,285,359 units on Monday, with the value of stocks trading amounting to $105.6 million up from $85.3 million on Monday. Trading on the JSE USD market resulted in investors exchanging 301,912 shares for US$33,588, up sharply from 173,563 units at US$11,282 on Monday.
The market’s PE ratio ended at 18.9 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to highest bid and lowest offer for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Slippage for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended Monday, with the volume of stocks changing hands declining 86 percent and the value 95 percent lower than on Friday, resulting in trading of just three securities, compared to five on Friday with one rising, one declining and one ending unchanged.
Overall, 173,563 shares were traded for US$11,282 compared with 1,282,434 units at US$220,084 on Friday.
Trading averaged 57,854 shares at US$3,761 down from 256,487 shares at US$44,017 on Friday, with a month to date average of 255,786 shares at US$9,118 compared to 263,810 units at US$9,335 on the previous trading day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index shed 3.17 points to close at 240.12.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Productive Business Solutions ended at US$1.8999, with 77 shares crossing the market, Proven Investments increased 1.4 cents to end at 17.6 US cents with an exchange of 58,056 units and Transjamaican Highway fell 0.15 of a cent in closing at 1.14 US cents, with 115,430 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market racks up gains to start week
Trading activity resulted in a rise in the Jamaica Stock Exchange Main Market on Monday, with rising stocks outnumbering those declining by a wide margin as the volume of stocks traded rose 121 percent but with a 45 percent lower value than on Friday, following trading in 61 securities compared to 54 on Friday, with 27 rising, 18 declining and 16 ending unchanged.
A total of 20,926,744 shares were traded for $64,972,967 compared to 9,481,950 units at $117,605,489 on Friday.
Trading averaged 343,061 shares at $1,065,131, compared with 175,592 stocks at $2,177,879 on Friday and month to date, an average of 243,392 units at $1,160,533, versus 235,131 units at $1,168,440 on the previous trading day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 14.60 million shares for 69.8 percent of total volume followed by Wigton Windfarm with 3.75 million units for 17.9 percent of the day’s trade and Sagicor Select Financial Fund with 534,101 units for 2.6 percent market share.
The All Jamaican Composite Index rose 1,710.31 points to close at 375,805.13, the JSE Main Index gained 2,554.58 points to end at 334,415.23 and the JSE Financial Index popped 0.22 points and concluded trading at 76.80.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded price of stocks and earnings forecasts done by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments increased $1.40 to close at $78.90, with 128,106 shares crossing the market, Eppley Caribbean Property Fund dropped $3 to $41 in trading 1,762 units, GraceKennedy rallied 50 cents to end at $79.50 in switching ownership of 3,671 stock units, Guardian Holdings climbed $9 after ending at $485 following a transfer of 102 stocks, Jamaica Producers rose 90 cents in closing at $21.70 after an exchange of 6,520 units, Jamaica Stock Exchange fell 93 cents to $13.20 in trading 7,913 shares, Massy Holdings popped $1.75 in closing at $87 after an exchange of 234 stocks,
MPC Caribbean Clean Energy lost $1.26 to close at $84.99, with 13 stock units clearing the market, Proven Investments shed 50 cents to end at $26 and closed with 4,006 units changing hands, Sagicor Group gained 50 cents after ending at $50.50 with a transfer of 83,160 stock units, Seprod jumped $3.50 in closing at $72.50 after investors traded 59,198 stocks and Sygnus Real Estate Finance gained $1 after ending at $11 as investors exchanged 26 shares.
In the preference segment, Productive Business 10.50% preference share popped $20 to $1220 with investors transferring 55 stocks, Jamaica Public Service 7% increased $11 to end at $50, with 541 units changing hands and 
Jamaica Public Service 9.5% rallied $150 to close at $3000 with an exchange of just two shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market drops to commence week
The Junior Market of the Jamaica Stock Exchange Monday, pulled back at the start of the week as declining stocks clobbered those rising even as the volume of stocks traded jumped 123 percent and the value surged 117 percent more than on Friday following trading in 47 securities up from 40 on Friday and ended with 13 rising, 27 declining and seven closing unchanged.
Investors traded 8,185,073 shares for $20,337,892 up from 3,670,324 units at $9,384,503 on Friday.
Trading averaged 174,150 shares at $432,721, up from 91,758 shares at $234,613 on Friday, with a month to date average of 285,665 units at $3,187,712 compared with 294,941 stock units at $3,416,889 on the previous trading day. March closed with an average of 509,288 units at $1,071,868.
Dolla Financial led trading with 1.91 million shares for 23.3 percent of total volume, Derrimon Trading followed with 1.80 million units for 22 percent of the day’s trade and Image Plus Consultants with 707,184 units for 8.6 percent market share.
The Junior Market Index lost 39.60 points at the close and concluded trading at 3,734.76.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. 
The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging rallied 20 cents after to end at $3, with 10,212 shares crossing the market, CAC 2000 popped 33 cents in closing at $8.10 with a transfer of 391 stocks, Caribbean Cream advanced 19 cents to end at $3.49 after trading 1,101 units. EduFocal lost 9 cents to end at $2.10 in trading 19,133 stock units, Elite Diagnostic rose 10 cents to close at $2.50 while exchanging 1,874 shares, Future Energy Source fell 10 cents in closing at $4, with 651,264 stocks crossing the exchange. 
General Accident shed 18 cents in ending at $5.80 after investors swapped 1,252 units, Honey Bun dipped 9 cents to close at $6.48, with 15,978 stock units clearing the market, iCreate dropped 14 cents to $1.45 in an exchange of 172,094 shares. ISP Finance dropped $1.49 to $19.51 as investors traded 83 stock units, Jetcon Corporation fell 24 cents to close at $1.06, with 2,925 units crossing the market, Knutsford Express lost 30 cents in closing at $11.39 after an exchange of 1,470 stocks. Limners and Bards gained 10 cents to $2.32 as 151 stock units passed through the market, Main Event dropped $1.20 after ending at $13.50 with an exchange of 19,614 stocks,
Spur Tree Spices shed 9 cents to end at $2.80 after exchanging 258,268 units and Stationery and Office Supplies dropped 89 cents in closing at $14.11 and closed, with an exchange of 10,980 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market start the week higher
The Main Markets of the Jamaica Stock Exchange recorded gains to start off the week on Monday but the Junior and JSE USD markets closed lower than on Friday, with a rise in the volume of stock trading but with a lower value compared to Friday.
The JSE Combined Market Index rallied 2,021.22 points to 346.220.16, the All Jamaican Composite Index jumped 1,710.31 points to close at 375,805.13, the JSE Main Index gained 2,554.58 points to end at 334,415.23, while the Junior Market Index dropped 39.60 points to 3,734.76 20.92 and the JSE USD Market Index dipped 3.17 points to finish at 240.12.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with JPS 9.5 percent recovering the $150 it lost on Friday to close at $3,000 while the JPS 7 percent rose $11 to $50 and PBS 10.5 percent rallied $20 to close at $1,220.
At the close, investors exchanged 29,285,359 shares in all three markets, up from 14,514,651 units on Friday, with the value of stocks trading amounting to $85.3 million down from $135 million on Friday. Trading on the JSE USD market resulted in investors exchanging 173,563 shares for US$11,282, up sharply from 1,282,434 units at US$220.084 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and lowest offer for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Stocks mostly fall in Trinidad
Trading ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 80 percent with the value 88 percent lower than on Friday resulting in 17 securities trading with similar numbers on Friday, with two stocks rising, five declining and 10 remaining unchanged.
Investors exchanged 78,482 shares for $922,127 compared with 390,039 stock units at $7,504,179 on Friday.
An average of 4,617 units were traded at $54,243 compared to 22,943 shares at $441,422 on Friday, with trading month to date averaging 14,995 shares at $266,681 versus 15,743 units at $281,984 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index declined 7.69 points to 1,296.91, the All T&T Index dropped 6.79 points to conclude trading at 1,960.89, the SME Index remained unchanged at 61.51 and the Cross-Listed Index declined 1.21 points to close at 82.07.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s popped $2 to close at $64, with 77 shares crossing the market, Calypso Macro Investment Fund ended at $20.76 after just 3 stock units crossed the market, First Citizens Group remained at $49.50 with an exchange of 3,332 units. GraceKennedy lost 10 cents after ending at $4.10 with 1,827 stocks changing hands, Guardian Holdings remained at $25.05 with an exchange of 8,183 shares, JMMB Group dropped 19 cents to end at $1.36 in switching ownership of 25,221 stock units. Massy Holdings closed trading at $4.65 after a transfer of 13,017 units, National Enterprises ended at $3.74, with 2,500 stocks changing hands, National Flour Mills remained at $1.43 after 185 stock units passed through the market. NCB Financial remained at $3.54 after trading 1,070 stocks,
One Caribbean Media ended at $3.70 with investors transferring 36 shares, Prestige Holdings declined 50 cents to $8 with a transfer of 220 units. Republic Financial remained at $135.50 as investors exchanged 238 shares, Scotiabank dipped 58 cents to $77.40 after an exchange of 424 stocks, Trinidad & Tobago NGL closed trading of 5,279 units at $18.76, Unilever Caribbean shed 1 cent after ending at $15.59, with 6,730 stock units clearing the market and West Indian Tobacco gained 50 cents to end at $16.50 after investors traded 10,140 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican breakout
Transjamaican Highway (TJH) reported record revenues of $65 million for 2022, up 12.3 percent from $52.76 million generated in 2021, resulting in profit of $9.3 million before the one off cost, up a solid 74 percent above the $5.34 million generated in 2021.
The company reported a loss of US$7 million for 2022 after tax and after factoring in a onetime loss of US$13.7 million resulting from the acquisition of the major share of Jamaica Infrastructure Operators, the loss compares with a profit of $4 million in the previous year.
The above acquisition “will result in future cost savings, expected to significantly reduce Operating Expenses by more than 50 percent or US$12 million per annum and increase our profitability,” the directors informed shareholders in their commentary on the results. ICInsider.com projects earnings of 0.016 US cents per share or J$0.24, giving it a PE of 7 and a target price of J$4.50.
In addition, it is worth noting that the vast majority of costs are more or less fixed, with Amortization of intangible assets amounting to $13.7 million, up from $12.3 in 2021, finance cost slipped slowly to $14.7 million in 2022 from $15.3 million in 2021. Operators fixed fees amounted to $17.7 million, up from $16.4 million but will drop in 2022, now that TJH owns the operating company. The company has been selected as the operator for the May Pen to Mandeville leg of Highway 2000, which will add to future revenues and profits.
In their commentary of the full year results, the company directors stated that “traffic since the advent of Covid19 has fully recovered and was approximately 7 percent above our 2019 pre-covid levels and 13 percent above the 2021 traffic”.
Gross cash flow brought in $10 million but with growth in receivables, inventories, addition to fixed assets offset by loan payment of $6.6 million, increased payables and paying $7 million dividends, the company ended with a net outflow of $1.3 million and closed with $5.4 million in cash funds.
At the end of December, shareholders’ equity stood at $40 billion or $3.20 per share—long term borrowings at $224 million and short term at $10 million. Current assets ended the period at $6.3 million, which comprises mostly the above cash and bank balance. Current liabilities ended the period at $16.5 million. Net current assets ended with a negative amount of $10 million.
All amounts are in US dollars unless otherwise stated.
Honey Bun rises 8% to exit ICTOP10
The Junior Market of the Jamaica Stock Exchange recorded solid gains during the past week as the Main Market declined, resulting in three solid gains for the ICTOP10 Junior Market stocks and just one notable move in the performance of the ICTOP10 Main Market as General Accident added 18 percent to its value to be the best performing stock for the week.
General Accident selling supply of stocks is down sharply.
The Junior Market had one change in the TOP10 as Honey Bun moved out for a second time in weeks with a rise of 8 percent, allowing Dolla Financial to come in at number 10. Dolla is likely to enjoy a doubling in profit for the current year, having expanded the loan portfolio dramatically since taking on the billion dollar loan. Investors in the stock can look forward to healthy gains in the stock price during the year.
Main Event, one of the previous week’s top performers that exited the Top 10 with a 6 percent gain to close at $12.95, keeps on rolling on and climbed another 13.5 percent this week to $14.70, up 63.5 percent for the year to date as investors continue to applaud the company’s performance by buying up the stocks as they see more profits to come this year, with the economy fully opened up for entertainment.
The other major price movements during the week were a 9 percent rise for Lasco Distributors, that ended at $2.36 and Honey Bun, up 8 percent to $6.57. There are only two stocks with losses of two percent or less.
In the Main Market, only three stocks recorded declines, but Berger Paints was the only stock with a meaningful move, gaining 8 percent to $8.30.
Interest rates on Bank of Jamaica CDs dipped again at this past week’s auction that, which saw the average rate slipping to 8.21 percent from 8.41 percent at the previous week’s auction. Over the past five months, inflation has been running at less than one percent per annum, which has set the stage for BOJ to act quickly to slash interest rates, a positive development for the market.
The Junior Market’s long history of rising around a month before the release of quarterly results and declining shortly after results are released seems to be starting with a rise of 108 points in the market index this past week, with the supply of some stocks falling sharply.
Honey Bun’s fall from the TOP10 Junior Market list is not the end of the road for this outstanding performer with increased investors’ interest with an expected jump in revenues and profits for the first quarter with the Easter coming at the beginning of April versus the 17th of April last year as well as improvement of gross profit margin that slipped previous year. ICInsider.com expects the price to increase by up to 200 percent this year.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.5, well below the market average of 13.7, while the Junior Market Top 10 PE sits at 5.9 compared with the market at 11.6. The differences are important indicators of the level of likely gains for ICTOP10 stocks. The Junior Market is projected to rise by 246 percent and the Main Market TOP10 by an average of 273 percent, by May 2024, based on 2023 forecasted earnings.
The Junior Market has 13 stocks representing 27 percent of the market, with PEs from 15 to 27, averaging 19, well above the market’s average. The top half of the market has an average PE of 16, suggesting this may be the current lowest fair value for Junior Market stocks.
The 16 highest valued Main Market stocks are priced at a PE of 15 to 114, with an average of 31 and 21 excluding the highest PE stocks and 20 for the top half excluding the stocks with the highest valuation.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
