The Main Market of the Jamaica Stock Exchange recovered sharply on Monday’s from a sharp fall on Friday, with lower volume, valued 70 percent less than on Friday.
At the close, JSE All Jamaican Composite Index surged 3,212.19 points to end the day at 556,860.50, the JSE Market Index climbed 3,095.40 points to close at 507,027.95 and the JSE Financial Index gained 0.68 points to close at 137.04.
The market closed, with 44 securities changing hands in the Main and US dollar markets, with 17 advancing, 16 declining and the prices of 11 stocks closed unchanged. JSE Main Market activity ended, with 40 securities accounting for 15,775,842 units amounting to $99,372,463 in contrast to 81,729,915 for $324,228,411, from 39 securities trading on Friday.
Wigton Windfarm dominated trading, with 7.8 million shares and 49.4 percent of the day’s volume. Pulse Investments followed with 2.4 million units for 15 percent of the day’s trade, after trading 60 million shares on Friday and Sagicor Select Funds – Financial completing the top three with 2.2 million shares for 14 percent of market share.
The market closed, with an average of 394,396 units valued at $2,484,312 for each security traded, in contrast to 2,095,639 units valued at $8,313,549 on Tuesday. 
The average volume and value for the month to date amounts to 585,624 units for $9,023,435 and previously, an average of 596,352 units for $9,410,939 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending, with bids higher than their last selling prices and three closed, with lower offers. The PE ratio of the market ended at 19.3, with the Main Market ending at 18.9 times the current year’s earnings.
In the prime market, Caribbean Cement climbed $2.50 to end at $81 in trading of 85,932 stock units; Eppley traded 500 shares but lost 90 cents to end at $14.10, Eppley Caribbean Property Fund jumped $7.60 to close at $39.60 with an exchange of 25,455 stock units. Grace Kennedy fell 99 cents to close at $69, after exchanging 31,888 shares, Jamaica Producers rose 46 cents to end at $24.96, with 14,597 shares changing hands. JMMB Group fell 44 cents to end at $46.50 with an exchange of 127,208 shares, Kingston Properties rose 70 cents to $6.90 with 200 stock units trading. Mayberry Investments lost 34 cents to end at $9, in trading 3,338 shares Mayberry Jamaican Equities lost $1.05 to end at $12.05, trading 49,733 shares, NCB Financial declined 50 cents to close at $201.50 in the transferring of 10,806 stock units, PanJam Investment gained 50 cents to $100, with 40,041 shares crossing the exchange. 
Pulse Investments climbed 87 cents to end the day at $4.97, with 2,364,988 shares changing hands, Scotia Group dropped 49 to close at $55.01 with an exchange of 6,888 shares, Seprod lost $1.50 to end at $50 with a transfer of 125,952 shares, Supreme Ventures gained 50 cents to end at $25.50, after exchanging 51,287 shares and Sygnus Credit Investments rose by 86 to end at $26 with 52,067 stock units trading.
Trading in the US dollar market closed with 224,246 units for US$61,055, with the market index declining 1.87 points to close at 223.41. Proven Investments close trading of 15,214 shares to end at 32 US cents after rising 1 cent, Sygnus Credit Investments exchanged 71,520 stock units gaining 1 cent to close at 15 US cents. Sterling Investments traded 17, 812 units and rose half of a cent at 2.5 US cents and JMMB Group 6% preference share traded 10,000 units at US$1.01.
Two new IC TOP 10 listings
With the final days of 2019 draws to a close, investors looking back must ponder how the JSE Main Market stocks outperformed the Junior Stocks by a considerable margin, by growth in the market indices and the number of shares with triple-digit gains.
At the end of the week, JSE Main Market stocks gained 33 percent to just 4 percent for the Juniors as six Main Market stocks more than doubled compared to only three Junior stocks.
The Junior Market had Lasco Distributors and Paramount Trading entering the TOP 10 last week.
Still, they were replaced this week, by Honey Bun and tTech, in at number 9 and 10 positions, respectively. There were no changes to the TOP 10 listing for Main Market stocks.
The targeted PE ratio is now 25, with several stocks trading at that level or around 22 currently. The average projected gains for the IC TOP 10 stocks are 172 percent for Junior Market and 152 percent for JSE Main market Top 10 stocks.
The top three Junior Market stocks currently are Medical Disposables with projected gains of 257 percent, followed by Main Event with a potential increase of 227 percent and Jamaican Teas with 223 percent likely capital growth.
Radio Jamaica is still the leading Main Market stock, with an expected increase of 213 percent, even with the price moving up from $1.85 to $2. Pulse Investments is in at the number two spot with a projected increase of 201 percent and Sygnus US dollar-denominated stock, with likely gains of 186 percent, is next.
The JSE Main Market closed the week, with an overall PE of 20.5 and the Junior Market at 14.5, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.4 with the Main Market PE at 10.2.
The TOP 10 stocks now trade at a discount of 35 percent of the average for Junior Market stocks and main market stocks trade at a discount of 50 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. 
Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. Possible gains for each stock are ranked in descending order, with the highest-ranked being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
Persons who compiled this report may have an interest in securities commented on.
Sharp fall for JSE Main Market
With trading resuming on the Main Market of the Jamaica Stock Exchange on Friday after the two days break for the Christmas holidays, investors pushed the market down on higher volume but lower value than on Tuesday.
At the close of trading, the JSE All Jamaican Composite Index dropped 2,216.87 points to 553,648.38, the JSE Market Index sank 2,016.26 points to close at 503,932.55 and the JSE Financial Index declined by 0.22 points to 136.36.
The market closed, with 42 securities changing hands in the Main and US dollar markets, with 17 advancing, 10 declining and the prices of 15 stocks closed unchanged. JSE Main Market activity ended, with 39 securities accounting for 81,729,915 units amounting to $324,228,411 in contrast to 35,380,225 valued at $722,803,611 from 39 securities changing hands on Tuesday.
Pulse Investments dominated trading, with 60 million shares and 73 percent of volume traded followed by Wigton Windfarm with 14.2 million units for 17 percent of the day’s trade, and Sagicor Select Funds – Financial with 2.7 million shares for 3 percent market share.
The market closed, with an average of 2,095,639 units valued at $8,313,549 for each security traded, in contrast to 907,185 units valued at $18,533,426 on Tuesday. The average volume and value for the month to date amounts to 596,352 units for $9,410,939 and previously, an average of 509,598 units for $9,478,232 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending, with bids higher than their last selling prices and one closed, with a lower offer. The PE ratio of the market ended at 19.3, with the Main Market ending at 18.9 times the current year’s earnings.
In the premier market, Caribbean Cement lost 48 cents to end at $78.50 in transferring of 222,406 stock units; Grace Kennedy gained 49 cents to close at $69.99, after exchanging 185,514 shares, Jamaica Producers rose 46 cents to end at $24.96, with 4,616 shares changing hands. Kingston Wharves fell 60 cents to $61 with 605 stock units trading. NCB Financial climbed $1 to close at $202 in the transferring of 30,245 stock units, 
PanJam Investment fell 60 cents to $99.50, with 64,308 shares crossing the exchange. Pulse Investments dropped 86 cents to end the day at $4.10, with a whopping 60,013,935 shares changing hands. Sagicor Group dropped $3 to close at $66 with an exchange of 13,050 shares, Supreme Ventures lost 50 cents to end at $25, after exchanging 65,195 shares and Sygnus Credit Investments lost $1.86 to end at $25.14 with 34,783 stock units trading.
Trading in the US dollar market closed with 314,514 amounting to $94,537, with the market index declining 1.97 points to close at 221.54. Margaritaville rose 1 cent in trading 250,000 shares to end at 52 weeks’ high of 31.02 US cents, Proven Investments slipped 1 cent in trading 44,316 shares to close at 31.01 US cents and Sygnus Credit Investments exchanged 20,198 stock units and held firm at 14 US cents.
Big jump in JSE Main Market trading
Trading on the Main Market of the Jamaica Stock Exchange resulted in moderate gains in the two primary market indices on Tuesday as advancing stocks subdued decliners with a surge of cash passing through the market.
The market closed, with 42 securities changing hands in the Main and US dollar markets, with 17 advancing, 10 declining and the prices of 15 stocks closed unchanged. JSE Main Market activity ended, with 39 securities accounting for 35,380,225 units valued at $722,803,611, in contrast to 15,783,620 units for a consideration of $75,868,402 on Monday, from 39 securities changing hands.
At the close of trading, the JSE All Jamaican Composite Index rose 992.44 points to 555,865.17, the JSE Market Index climbed 908.94 points to close at 505,948.81 and the JSE Financial Index fell 0.21 points to 136.57.
Wigton Windfarm dominated trading, with 9 million shares and 25.5 percent of volumes traded followed by Scotia Group with 5.4 million units for 15 percent of the day’s trade and Sagicor Select Manufacturing and Distribution fund rounding out the top three with 4.6 million shares for 13 percent market share.
The market closed, with an average of 907,185 units valued at an average of $18,533,426 for each security traded, in contrast to 404,708 units valued at an average of $1,945,344 on Tuesday. The average volume and value for the month to date amounts to 509,598 units for $9,478,232 and previously, an average of 485,179 units for $8,886,686 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending, with bids higher than their last selling prices and two closed, with lower offers. The PE ratio of the market ended at 19.4, with the Main Market ending at 19 times the current year’s earnings.
In the premier market, Barita Investments lost 62 cents to settle at $71.02, with 6,925 shares changing hands, Caribbean Cement jumped $1.48 to $78.98 in transferring of 5,901 stock units, Grace Kennedy gained $1.30 to end at $69.50, after exchanging 1,455,867 shares, Kingston Wharves gained 59 cents to end at $61.60 with 1,495 stock units trading. Mayberry Jamaican Equities gained 39 cents to end at $13.14, with 1,020,626 stock units trading, MPC Caribbean jumped $15 to close at $210 to end at $210 with an exchange of 100 stock units, PanJam Investment fell 90 cents to end at $100.10, with 64,578 shares crossing the exchange.
Proven Investments dropped $4 to land at $50 while trading 4,696 stock units, Sagicor Group lost 99 cents to $69 with 193,572 shares changing hands. Seprod jumped $3 in exchanging 2,931,938 shares to close at $51.50, Sterling Investments added 39 cents to close at $3.34 with an exchange of 10,000 stock units, Supreme Ventures added 560cents to end at $2550., while trading 58,057 shares and Wisynco Group lost 95 cents to $23.50, with 133,370 shares changing hands.
Trading in the US dollar market closed with 288,675 units amounting to $43,882, with the market index adding 2.71 points to close at 223.51. Productive Business Solutions traded 500 shares to close 1 cent higher at 64 US cents, Proven Investments had 18,304 shares changing hands to end at 32 US cents and Sygnus Credit Investments traded 261,871 stock units to close at 14 US cents.
Moderate gains for JSE Main Market
Trading on the Main Market of the Jamaica Stock Exchange resulted in moderate gains for the two primary market indices on Monday as rising stocks edged out decliners after trading declined again following a sharp drop on Friday.
At the close of trading, the JSE All Jamaican Composite Index gained 930.77 points to 554,872.73, the JSE Market Index added 798.17 points to close at 505,039.87 and the JSE Financial Index dropped 1.19 points to 136.78.
The market closed, with 43 securities changing hands in the Main and US dollar markets, with 18 advancing, 16 declining and the prices of 9 stocks closed unchanged. JSE Main Market activity ended, with 39 securities accounting for 15,783,620 units for a consideration of $75,868,401.70, in contrast to 37,939,404 units with a consideration of $92,284,016, on Friday, from 41 securities changing hands.
Sagicor Select – Financial fund was the market leader with 3.7 million shares and 3 percent of the volume traded, closely followed by Sagicor Select – Manufacturing and Distribution fund with 3.5million shares and 22 percent of the day’s trade. JMMB Group rounded out the top three with 3.1 million units and 19 percent of the market share.
The market closed, with an average of 404,708 units valued at an average of $1,945,344 for each security traded, in contrast to 925,351 units at $2,250,830 on Monday. The average volume and value for the month to date amounts to 485,179 units for $8,886,686 and previously, an average of 490,445 units for $9,371,834 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending, with bids higher than their last selling prices and two closed, with lower offers. The PE ratio of the market ended at 19.2, with the Main Market ending at 18.8 times the current year’s earnings.
In the JSE Main Market, Caribbean Cement jumped $2.50 to end at $77.50 with a transfer of 2,410 stock units, Eppley Caribbean Property Fund traded 1,070 units and rose 95 cents to close at $32, Grace Kennedy lost 80 cents to end at $68.20, after exchanging 2,050 shares. Jamaica Producers gained $1 to end at $24.50 with 55,9161 stock units trading, JMMB Group fell 65 cents to settle at $47.15, with 85,373 shares changing hands, units. Mayberry Jamaican Equities gained 75 cents to end at $12.75, with 15,000 stock units trading, MPC Caribbean dived $36 to end at $195 with an exchange of 627 stock units, NCB Financial Group declined by $2 to close at $201, in swapping 74,987 shares. 
PanJam Investment fell 99 cents to end at $101, with 17,366 shares crossing the exchange, Proven Investments dropped $4 to land at $50 while trading 4,696 stock units, Sagicor Group jumped $3.99 to $69.99 with 25,664 shares changing hands. Sagicor Real Estate Fund gained $1.20 to $10 with 36,350 shares, Scotia Group gained $1.50 to end at $55.50, in transferring 339,093 shares, Seprod lost $1.50 in trading 53,370 units to close at $48.50 and Supreme Ventures shed 56 cents to end at $25 while trading 24,197 stock units.
Trading in the US dollar market closed with 459,916 units amounting to $158,311, with the market index losing 1.33 points to close at 220.80. Productive Business Solution traded 60 shares to end at 63 US cents, a decline of 2 cents, Proven Investments lost 2 cents after exchanging 363,839 shares to close at 32 US cents, Sygnus Credit Investments exchanged 81,017 stock units, to close at 14 US cents and JMMB Group 5.5% preference share traded 15,000 units at US$2.02.
Sygnus US$ stock hits IC TOP 10
The JSE Main Market TOP 10 had just stock leaving with Sygnus Credit Investments Jamaican dollar listing replaced by the US dollar listed stock, with the price of the latter at 14 US cents or just under J$19 equivalent.
The Sygnus Jamaican quoted stock climbed to a record high of $30 on Friday, but ended at a record closing high of $27 at the end of trading and moved down to 12th spot in the overall market ranking.
The recently listed Lumber Depot closed trading at $1.91 on Friday and moved out of the TOP Junior Market listing. Also, leaving the TOP 10 was Honey Bun, with the price rising to $8.39 with a limited supply of the stock.
Coming into the Junior Market listing, are Lasco Distributors and Paramount Trading as investors beat down their prices.
The targeted PE ratio is now 25, with several stocks trading at that level or around 22 currently. The average projected gains for the IC TOP 10 stocks are 179 percent for Junior Market and 154 percent for JSE Main market Top 10 shares.
The top three Junior Market stocks currently are the Main Event with projected gains of 243 percent, followed by Medical Disposables with a potential increase of 238 percent and Jamaican Teas with 220 percent likely capital growth.
Radio Jamaica still holds on to the lead for Main Market stocks, with an expected increase of 236 percent, followed by Pulse Investments in the number two spot with projected growth of 205 percent and Sygnus US dollar-denominated stock with likely gains of 186 percent, is next.
The JSE Main Market closed the week, with an overall PE of 20.6 and the Junior Market at 14.3, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.1 with the Main Market PE at 10.1.
The TOP 10 stocks now trade at a discount of 36 percent of the average for Junior Market stocks and the Main Market stocks trade at a discount of 51 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Forecasted values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in securities included in the commentary.
Lumber Depot set to leave IC TOP 10
Newly listed Lumber Depot traded for the first time after listing on Friday to close at $1.59, up 32.5 percent from the IPO issue price of $1.20. The stock remains in the TOP Junior Market listing at 6th position from third, last week, but may not be in it much longer.
Honey Bun that jumped ship at the end of the prior week, returns to sit at 10th spot with the fall of tTech while the JSE Main Market welcomed back Stanley Motta to the TOP 10 at the expense of NCB Financial.
IC Insider.com has upgraded the target PE ratios to 25 with several stocks trading at that around 22 currently. The average projected gains for the IC TOP 10 stocks are 187 percent for Junior Market stocks and 145 percent for JSE Main market Top 10 companies.
The top three Junior Market stocks are Medical Disposables with projected gains of 252 percent, followed by Main Event with a potential appreciation of 246 percent and Jamaican Teas with 233 percent.
Radio Jamaica holds the lead of Main Market stocks with projected gains of 238 percent, followed by Carreras in the number two spot with projected growth of 168 percent and Pulse Investments with likely increases of 167 percent is next.
The JSE Main Market closed the week, with an overall PE of 20.8 and the Junior Market at 14.9, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.1 with the Main Market PE at 10.4.
The TOP 10 stocks now trade at a discount of 39 percent of the average for Junior Market stocks and Main Market stocks trade at a discount of 50 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. 
Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Future values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
MailPac drops out of IC TOP 10
Newly listed MailPac Group more than doubled in price, trading as high as $2.60 but closed the week at $2.22 and dropped out of the TOP Junior Market listing.
IC Insider.com has upgraded the average targeted PE to March 2020 based on the valuation of more than 22 times earnings, that the market has placed on several stocks currently.
Honey Bun also jumped ship after posting strong growth with full-year results showing profit rising 67 percent to hit $157 million from a 17 percent rise in revenues to $1.54 billion. The stock closed at $8, up from $7 last week, but traded at a record high of $9.20 on Friday. Honey Bun entered the TOP 10 in the first week in October at $6.15 and left with a gain of 30 percent, but it still has more gains ahead of it. tTech price fell to $5.35 and re-entered the TOP 10 along with Caribbean Flavours, with its price dropping from $17.90 last week to close at $15.64 to return to the TOP 10. PanJam Investment moved into the JSE Main Market Top 10 at the expense of Stanley Motta.
The past week was generally good for stocks as the JSE Main Market rose 4,691 points and the Junior Market climbed 89 points. The Junior Market movement was partially helped by the steep rise in the price of MailPac, from the IPO price of $1. Importantly,
the Junior Market has made a sharp break out of a downward sloping channel that started after the market peaked in Mid-August. It now seems to be heading higher, with a healthy break out of the channel.
IC Insider.com has upgraded the target PE ratios to 25 with several stocks trading at that around 22 currently. The average projected gains for the IC TOP 10 stocks are 187 percent for Junior Market stocks and 145 percent for JSE Main market Top 10 shares.
Medical Disposables lead the top three Junior Market stocks with projected gains of 257 percent, followed by Main Event with potential profits of 246 percent and Lumber Depot with 233 percent.
Radio Jamaica is the lead stock with projected gains of 247 percent, followed by Pulse Investments in the number two spot with a projected growth of 164 percent and Carreras with a likely increase of 111percent is next.
The JSE Main Market closed the week, with an overall PE of 21.5 and the Junior Market at 14.6, an improvement over the previous week’s 14.2, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.9 from 8.7 last week with the Main Market PE at 10.5.
The TOP 10 stocks now trade at a discount of 39 percent to the average for Junior Market stocks and JSE Main Market stocks trade at a discount of 51 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Possible values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
Continued stability for IC TOP 10
With the closing of the two initial public offers of MailPac Group and Lumber Depot last week, things started to return to more normally in the market this past week with the two main markets recording net gains for the week.
At the close of a week when the JSE Main Market put on125 points and the Junior Market rose 46 points there was minimal change to the IC TOP 10 list this week with just one change as Fontana returns to the top flight after a brief absence, replacing Caribbean Flavours with the price jumping to $17.90 on Friday. One important development at the end of the week was the release of full-year results, for Honey Bun, with profit rising 67 percent to hit $157 million from a 17 percent rise in revenues to $1.54 billion.
Importantly, the company is on the way to earn 70 cents per share for 2020.
The average gains for the IC TOP 10 stocks are 136 percent for Junior Market stocks and 96 percent for JSE Main market Top 10 stocks.
The top three Junior Market stocks, is now led by Main Event with projected gains of 183 percent, followed by MailPac Group with 180 percent and Medical Disposables with potential gains of 167 percent.
Radio Jamaica remains the lead stock with projected gains of 186 percent, followed by Pulse Investments in the number two spot with projected growth of 138 and Berger Paints with likely gains of 120 percent and percent is next.
The JSE Main Market closed the week with the overall PE of 19 up from 18.8 and the Junior Market at 14.2, an improvement over the previous week’s 13.8, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 18.7 from 7.8 last week with the Main Market PE at 10.6 up from 10.4.
The TOP 10 stocks now trade at a discount of 39 percent to the average for Junior Market stocks and main market stocks trade at a discount of 44 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. 
Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
Greater stability for IC TOP 10
NCB Financial is back in IC TOP10
The past week saw the initial public offers for Mailpac Group and Lumber Depot coming to the market with both being fully subscribed.
There were just two changes to the IC TOP 10 list of stocks at the end of the week. NCB Financial makes it back into the TOP 10 at the expense of JMMB Group that rose in price to $46 while the Junior Market TOP 10 welcomed Dolphin Cove while saying goodbye to Fontana.
The top three Junior Market stocks, is now led by CAC 2000 with projected gains of 200 percent, followed by MailPac Group with 180 percent and Main Event, with potential gains of 179 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 127 and Berger Paints with likely gains of 116 percent and percent is next.
The main market, closed the week with the overall PE of 18.8 and the Junior Market at 13.8, based on the current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 with the main market PE at 10.4.
The TOP 10 stocks now trade at a discount of 43 percent to the average for Junior Market stocks and main market stocks trade at a discount of 45 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.