The past week saw declines in the markets with the main market falling on each trading day while the Junior Market was up and down. Against that background, three new listings made it to the TOP 10 lists.
Buy Rated Junior Market stocks have two new entrants this week with Dolphin Cove price dropping to $9 and Access Financial trading at $35 joining the list while Honey Bun with the price rising to $6.50 and CAC2000 that rose to $13.50 exiting the top listing. Scotia Group dropped back to $57.10 from $61.50 at the end of the previous week and returns to the main market TOP 10 list at the expense of Stanley Motta.
Market activity resulted in no change to the top three Junior Market stocks, leaving Caribbean Producers with projected gains of 240 percent as the leader, followed by Iron Rock Insurance with potential gains of 201 percent and Medical Disposables with 186 percent.
Radio Jamaica (RJR) share price that slipped during the previous week to a low of $1.35 and closed that week at $1.60, climbed further this past week with increased investors’ interest that pushed the price to $1.80 with projected gains to 213 percent, to remain the leading main market stock. Carreras sits at the number two spot with likely gains of 125 percent and Jamaica Broilers with projected gains of 100 percent is next.  Berger Paints slipped to the fourth spot with a downward revision of earnings to $1.80 for the year.
The main market, closed the week with the overall PE of 17.2, inching up from 17.1 for the previous week and the Junior Market remaining unchanged at 11.1 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks average remains at 7.7 and the main market PE at 11.1, up from 10.4 at the close of the previous week.
The TOP 10 stocks now trade at a discount of 31 percent to the average for the Junior Market stocks and main market stocks trade at a discount of 36 percent to the overall market.
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.

Radio Jamaica (RJR) was the star performer this past week, with the stock rising to new 52 weeks’ high and traded as high as $2.58 on Friday. The stock moved up by 22 percent from $1.70 at the close of the previous week to close at $2.07.
RJR entered the TOP 10 main market stock at the start of February at 80 cents in the number 2 position since then it has risen 159 percent to be the second-best performer in the main market for the year to date. This past week’s gain reduced the potential gains from 194 percent last week to 142 percent now. Technical indicators point to the stock moving up much higher in the months ahead.
In the Junior Market IC Insider.com TOP 10, CAC 2000 rose to $16 to exit the TOP 10 and was replaced by Access Financial at the number 10 position but there are no changes to the Main Market TOP 10.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and General Accident with projected gains of 167 percent. Radio Jamaica with projected gains of 142 percent remains the leading the main market stock with the highest likely gains followed by Berger Paints with projected gains of 130 percent and Carreras 109 percent.
The main market closed the week with the overall PE of 18.8 and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.5. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 44 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. 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.

The past week, was a relatively quiet one for the IC Insider.com TOP 10 with far fewer changes than in the prior week with the markets seeming to be in a short-term consolidation phase with the release of the vast majority of the second quarter.
There are just two changes to the Junior Market list and none for the main market for this week but there are no changes to the Main Market TOP 10.
Jetcon Corporation climbed from $1.58 last week, to close at $2.50 while Caribbean Cream closed with the bid at $4.85, leading both out of the TOP 10 and letting Jamaican Teas with the price dropping to $5.61 from $6 and CAC 2000 with the price now at $15, down from $15.15 at the close of the previous week. The attractiveness of CAC 2000, is based on a strong recovery in the April quarter and the positive implications it has for the 2020 results. Jamaican Teas had good results for the nine months to June and the stock price has not yet fully discounted them.
General Accident was the second most attractive Junior Market stocks last week, hit a new record high of $6.24 on Friday and moved down to number 4 spot, with projected gains of 156 percent to March next year on top of the 73 percent rise for 2019 to date. Investors should not ignore the strong growth in revenues of 41 percent that is underway that has strong implications for increased profit and dividend income.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and Medical Disposables with projected gains of 170 percent.
Radio Jamaica with projected gains of 194 percent leads the main market followed by Carreras with projected gains of 128 percent and Berger Paints 121 percent.  Investors should start looking at 2020 that is just four months away for the companies that may be a bit pricey but are likely to generate above-average growth next year.
The main market closed the week with the overall PE of 16.6 down from 17 at the close of the previous week and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.3 and the main market PE is now 10.2. These levels, point to a strong upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. 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.