TOP 10 stocks are selling at a discount to the rest of the market of 50 percent, making them the stocks with the best appeal for investors looking for above average returns.
The best indicator that investors who want to beat the market is the be found in the TOP 10 or stocks close to them is the low valuation compared to the market average and ultimately targeted PE based on where the market is based on 2016 earnings.
At the close of the week the TOP 10 average PE ratio is 7.5 well off the average market PE of 12 for the junior market while the main market TOP 10 average at 6 is just half the average market PE of 12.
Quite a number of the TOP stocks pulled back in price during the week, with just a few moving higher, one ending at a 52 weeks’ high, another hit a new high and pulled back below the previous week’s ending price.
ISP Finance hit a new high during the past week of $12 and sits just below at $11.75. In the main market Berger Paints hit a new high of $15 during the week but selling pushed it down to $11 at the end of the week
The sharp movements resulted in Dolphin Cove moving out of the TOP 10 junior market list and let in Access Financial which fell in price during the week from $43.80 to as to a recent low of $32.81.
Access bounced back to close at $35.62, still low enough to push it back in the TOP 10.
The past week saw some volatility in prices similar to what occurred in the previous week as the thinness in the supply and demand for many stocks leaves prices more exposed than just a few weeks ago when demand was greater.
The 2017/18 budget was officially disclosed the week before, but had little negatively or positively for investors in the short run, longer term there may be winners with a large pool of workers having more disposable income and in the case of Carreras, the tax imposed will mean that the company will take advantage to increase prices and ensure continued growth in profits.
50% off sale for TOP 10 stocks
March 18, 2017 by
