The Junior Market of the Jamaica Stock Exchange surged higher in trading on Thursday as the market index closed at just over 3,801 points, with the Main Market and the JSE USD market rising moderately as trading ended with the number exchanged falling, with the value traded jumping sharply over that on Wednesday as 30 shares rose and 26 declined.
At the close of trading on Thursday, the JSE Combined Market Index climbed 1712.97 points to close at 335,019.68, the All Jamaican Composite Index climbed by 1,622.28 points to close at 359,057.05, the JSE Main Index rose 1,118.96 points in ending trading at 321,725.63. The Junior Market Index jumped 75.77 points to 3,801.37 and the JSE USD Market Index gained 2.97 points to end the day at 244.14.
At the close of trading, 23,131,587 shares were exchanged in all three markets, down from 31,607,536 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $96.67 million, up from $$90.38 million on Wednesday and the JSE USD market closed with an exchange of 119,808 shares for US$30,732 compared to 152,413 units at US$68,498 on Wednesday.
Main Market trading was dominated by Transjamaican Highway that led trading with 15.64 million shares followed by Wigton Windfarm with 2.64 million units and Stanley Motta, with 901,971 stock units.
In the Junior Market, Future Energy led trading with 349,804 shares followed by Stationery and Office Supplies with 339,937 units and Mailpac Group with 299,144 units.
At the close of the market, some of the major Main Market stocks that rose are AS Bryden rallied $2.49 to close at $42.99, Caribbean Cement advanced $1.74 to end at $53, Mayberry Group climbed $1.16 in closing at $7.6 and Scotia Group advanced $1.46 and ended at $41.46.
The major declining Main Market stocks include Pan Jamaica skidded $3.89 and ended at $46.10, Sagicor Group sank $1.40 to $42 changing hands 50 shares, Seprod declined $3.30 in closing at $83.50.
Junior Market, stocks with notable gains are Access Financial climbed 76 cents in closing at $23.96, Cargo Handlers popped $1.82 to close at $14.90 and Lasco Manufacturing increasing 33 cents and ended at $4.94. There were no major losing stocks on Thursday.
In the preference segment, Eppley 7.25% preference share rallied $2.84 to close at $18.90, Jamaica Public Service 7% lost $4.99 to $45 closed at 550 and Sygnus Credit Investments c10.5% dropped $9.99 to close at $105.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20…8 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the 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 place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or 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 the lowest offer for each company.
Junior Market surges 84 points in early trading
Junior Market sign
The Jamaica Stock Exchange Junior Market index jumped 84 points to 3,809.94 points two points after one hour of trading on Thursday. The market closed yesterday at 3,725.60 points.
Major movers in the early morning trading are Access Financial rising 76 cents to $23.98, Cargo Handlers climbing $1.82 to $14.90 and Lasco Manufacturing up 33 cents to $4.94. Elsewhere in the market, the JSE Market Index is up to 322,377.89 points from the close of 320,606.67 on Wednesday.
Transjamaican Highway traded at a record high of $3.10 with 12,371,122 shares changing hands.
Big weekly gains for 3 ICTOP10 stocks
138 Student Living and Consolidated Bakeries jumped 41 and 34 percent respectively, from $5.14 to $7.25 and from $1.49 to $1.99 and fell out ICTOP10 this week at a time CAC2000 jumped 36 percent to $8.25 as the price recovered from a 21 percent fall to $6.05 last week.
The moves follow funds previously tied up in the One on One IPO coming back to the market.
Other meaningful ICTOP10 movers this past week, are Iron Rock Insurance and Lasco Manufacturing jumping 11 percent to $3 and $4.55 respectively and Caribbean Cream rising 10 percent to $4.25, while Caribbean Assurance Brokers slipped 8 percent $2.50.
The Main Market ended the week with Productive Business Solutions rising 15 percent to US$1.32, Berger Paints rising 12 percent to $11.45 and Sterling Investment put on 5 percent to $2.90, while VM Investments dipped 4 percent to $5.30.
In the Junior Market ICTOP10 General Accident and Lasco Financial replaced Consolidated Bakeries and Lasco Manufacturing. There was one change in the Main Market with Radio Jamaica replacing 138 Student Living.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14, while the Junior Market Top 10 PE sits at six versus the market at 12.8. The Junior Market is projected to rise by 240 percent and the Main Market TOP10 is projected to gain an average of 233 percent each by May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to 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 and result 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.
Consolidated visits ICTOP10
Consolidated Bakeries moves into ICTOP10 this week at a time when the local stock market was starved of funds tied up in the One on One IPO that came to the market on August 12 and helped the JSE markets to pull back in the past week, with several stocks suffering declines, but increased interest rates erroneously pushed by Bank of Jamaica seems to be a contributory factor as well.
The disclosure that Dolla Financial corresponded with Access Financial to explore merger talks, put new life into the former TOP10 stock, with increased buying in the stock this past week. Trading picked up with 115,359 units being exchanged during the week, up from 38,162 units the previous week, with the stock moving from $25 at the end of last week to $27.50 this past week.
ICTOP10 movers this past week are General Accident jumping 16 percent to $5.80. In comparison, CAC 2000 dropped 21 percent to $6.05, Medical Disposables slipped 18 percent lower at $5.71, Dolphin Cove with a decline of 8 percent to $13.65 and Caribbean Cream down 5 percent to $3.88.
The Main Market ended the week with Productive Business Solutions jumping 15 percent to US$1.15 while VM Investments popped 6 percent to $5.50, but Berger Paints lost 14 percent to $10.23 after posting six months results without second quarter numbers that would show reduced second quarter profits compared to the first quarter.
The Junior Market ICTOP10 welcomed Consolidated Bakeries, with projected earnings per share of 22 cents, with the company appearing to be breaking the old practice of limited revenue growth and small profits. See the latest profile of the company with full reporting and its prospects for the current year. General Accident says goodbye to the ICTOP10 following the recovery in the price. There were no changes in the Main market.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.8, while the Junior Market Top 10 PE sits at 5.8 versus the market at 12.7. The Junior Market is projected to rise by 260 percent and the Main Market TOP10 is projected to gain an average of 246 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to 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.
More changes to ICTOP10
While some investors were selling shares to buy into the latest IPO to hit the market, recent investors in the Junior Market listed Dolla Financial gave the market a shot in the arm following a disclosure that the company had corresponded with Access Financial to explore merger talks.
Investors reacted the first chance they had and drove the prices of both stocks higher on Friday.
The Ipo of OneonOne IPO opened on Friday morning and closed at the end of the day, as was to be expected, after attracting some 15,000 applications. The shares are likely to be listed before the end of August, with a name change to follow. ICInsider.com expects the stock will move into the $2 range sometime after listing.
The disclosure of the Dolla interest sent the TOP 10 listed Access up $5.79 or 25 percent to close at $25 on Friday, with the stock falling from the TOP10. Other big Junior Market TOP10 movers this past week are Caribbean Assurance Brokers, up 12 percent lower at $2.80, Paramount Trading with a rise of 9 percent, CAC 2000, up 6 percent to $7.65, while General Accident dropped 9 percent to a very attractive price of $5.
The Main Market ended the week with 138 Student Living jumping 23 percent to $5 and is likely to rise further, with the company posting solid results after the market closed, with earnings of 21 cents for the June quarter and 58 cents per share for the nine months to June. Berger Paints rose 8 percent to $11.93, VM Investments popped 4 percent to $5.20 and Guardian Holdings reversed most of the previous week’s gain by dropping a sharp 22 percent from $650 to $506.
The new entrants to the ICTOP listing are Iron Rock Insurance and Lasco Manufacturing, replacing Access Financial and Paramount Trading. There were no changes in the Main market.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8. The Junior Market is projected to rise 240 percent and the Main Market TOP10 an average of 235 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to 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.
Paramount Trading joins ICTOP10
Dolla Financial Services IPO was heavily oversubscribed, and it is unlikely that investors will be able to buy the stock in the secondary market at a price that would place it in the TOP10 after day two of listing. Accordingly, the stock has been moved to the sideline, but it seems set to reach the $3 region sometime after listing.
The shifting of Dolla Financial out of the TOP10 resulted in Paramount Trading entering the TOP10 with the price falling to $1.75 in a week that saw investors selling stocks to raise funds to get into the IPO issue.
The past week was volatile, with the Junior Market index dropping more than 330 points or 7.6 percent from the close of the previous week to Wednesday, as investors sought funds to go into the Dolla IPO. The selloff was visible from May 12 with a near 100 points fall on that day as there was talk in the market of the pending issue.
This week’s pullback of the market resulted in mostly declines in the TOP10 Junior Market stocks. Medical Disposables dropped 13 percent to $7, while Access Financial also dropped 13 percent to close at $20, Elite Diagnostic slipped 9 percent in closing at $3.60 and Lasco Financial dipped 7 percent to $3.30.
For the TOP10 Main Market stocks, Berger Paints fell 13 percent to $10.63; Radio Jamaica declined 11 percent to $2.55, VM Investments lost 7 percent, followed by QWI Investments down 6 percent to 85 cents. There were no meaningful gains.
During the week, General Accident reported first quarter results with profit due to shareholders of the parent company rising 36 percent to $49 million, Friday after trading, Lasco Distributors reported profit increasing 12 percent for the full year to $1 billion but the final quarter being up 35 percent to $241 million and Lasco Manufacturing rising 45 percent in the March quarter to $522 million and the full year up 24 percent to $1.7 billion.ICInsider.com upgraded earnings for Lasco Distributors to 50 cents from 45 cents, but the others remain as previously stated. All three stocks are trading below ten times 2022 earnings and therefore have huge potential to appreciate.
Results for Access Financial and Medical Disposables to March are awaited.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 14.4, while the Junior Market PE for the Top 10 sits at 5.9 versus the market at 13.1. The Junior Market TOP10 is projected to gain an average of 245 percent to May 2023 and the Main Market 241 percent.
Watch these stocks that sit just outside the TOP10 that investors should watch. They include Key Insurance, followed by Caribbean Producers and Scotia Group from the Main Market. In the Junior Market, Iron Rock Insurance, Dolphin Cove, Jetcon Corporation, Stationery and Office Supplies and Lasco Manufacturingreported strong fourth quarter results to March this year.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result 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.
ICTOP10 stocks score big gains
The action in the ICTOP10 listing the holiday shortened week shifted from Main Market stocks to the Junior Market, with four stocks putting in double digit increases, led by Elite Diagnostic, last week’s 14 percent decliner to rally this week by a stunning 43 percent to close at $3.67 after hitting a high in the past week of $4.23.
But Elite is not the only Junior Market stock posting solid gains. Jetcon rose 18 percent to close at $1.30, against a background of one or more investors seeking to buy a sizable number of shares. AMG Packaging and Caribbean Assurance Brokers climbed 16 percent while tTech added 7 percent to close the week at $4. Price movements in Main Market were more subdued than in the Junior Market, with JMMB Group the biggest mover dropping 11 percent from $51.89 to $46.25, followed by Guardian Holdings with a fall of 4 percent.
General Accident returned to the Junior Market TOP10 as tTech dropped out and VM Investments returns to the Top10 Main Market as Jamaica Stock Exchange fell out.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.7, while the Junior Market PE for the Top 10 is at 5.9 versus the market at 13.2. The Junior Market TOP10 is projected to gain an average of 289 percent to May 2023 and the Main Market 192 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result 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.
Impressive gains for ICTOP10 stocks
ICTOP10 listed Jamaican Stock Exchange stock price surged to a 52 weeks’ high of $24 on Friday with a gain of 28 percent in the week as Caribbean Producers jumped 21 percent to $18.20, followed by a 12 percent gain in JMMB Group that closed the week at $51.89 after hitting a peak in the week of $61.24, on Tuesday, while Productive Business Solutions rose 12 percent to US$1.19.
In the Junior Market, Stationery and Office Supplies rose 12 percent to $7.88. Jetcon Corporation recovered lost grounds with a rise of 11 percent to end at $1.10, following knee-jerk reaction by investors to an article in one of the local newspapers in the previous week. Elite Diagnostic plunged 14 percent to $2.57 as a major shareholder sold a portion of their holdings. Caribbean Cream dropped 7 percent to $4.76 and Caribbean Assurance lost 6 percent to land at $2.25.
This stock is in limited supply and replaced Caribbean Producers in the TOP10. Coming into the Junior Market ICTOP10 is tTech that slipped in price and came in at the expense of General Accident. The latter will be a big beneficiary of the hike in interest rates on its $4.5 billion investment and cash funds.
Scotia Group is ICInsider.com’s new stock for the future that comes into the Main Market ICTOP10 at number 9, with projected earnings of $4.47 per share as the group generates increasing income from the sharp hike BOJ induced hike in interest rates on investments.
Transjamaican Highway, an ICTOP10 listing in the previous week, closed out this past week with a rise to an all-time high of $1.78 before closing at $1.70 for the week.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.8, while the Junior Market PE for the Top 10 is at 5.4 versus the market at 12.9. The Junior Market TOP10 is projected to gain an average of 289 percent to May 2023 and the Main Market 192 percent.
ICTOP10 focuses on likely yearly winners; accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to shares that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result 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.
New ICTOP10 2022-3 is here
Earnings season is almost at an end except for a few companies with March year end that are to release results for the full year by the end of May that will impact the price of some ICTOP 10 stocks. Riches are abundant in several Main and Junior Markets stocks, but some patience may be warranted to get the most from them.
The ICTOP10 shows the benefit of ranking stocks based on their potential to grow and emphasizing those. Investors do not have to chase overpriced stocks based on some wish list of abundance fortunes is near. Sticking with undervalued stocks is the best formula for wealth creation.
The focus shifts to 2022/23 earnings as the reporting season ends. At the close of the past week, seven stocks from the previous Junior Market ICTOP10 carry over to the 2022/23 list and five for the Main Market. Dropping out of the Junior Market list are Lasco Distributors, Lasco Manufacturing and Iron Rock Insurance. Dropping from the Main Market for the coming period are Jamaica Broilers, 138 Student Living, Proven Investments, Pan Jamaica Investment and SygnusUS dollar share.
Heading the new list are Productivity Business Solutions, Guardian Holdings, Sygnus Credit Investments, Jamaica Stock Exchange and JMMB Group in the Main Market. At the same time, the Junior Market’s top five are Elite Diagnostic, Medical Disposables, Jetcon Corporation, Caribbean Cream and Access Financial Services. Most of the Junior Market companies suffered from fallout in the economy in 2020 and beyond due to the Covid19 and are recovering. Some of these could deliver above average gains.
The average PE for 2022-3 fiscal year is 13.1 for the Junior Market, down from 22.8 for the 2021/22 fiscal year and 13.5 for the Main and USD Markets compared to 16.6.
There were no changes to the ICTOP10 stocks in the Main and Junior Market in the past week based on 2021 and early 2022 earnings, but there were some notable performances. 
Lasco Manufacturing rose 14 percent to close the week at $5.70, AMG Packaging popped 13 percent to $3.15, while Caribbean Assurance Brokers put in a 9 percent rise to close the week at $2.40. Iron Rock Insurance and Tropical Battery added 6 percent to close at $3.60 and $2.62, respectively. In the Main Market, JMMB Group rose 7 percent to $45.95 and Jamaica Broilers lost 7 percent to end at $27.25.
Both markets continue to offer attractive gains for the TOP10 based on recent full year earnings up to March.
The average PE for the JSE Main Market TOP 10 is 5.3, well below the market average of 13.5, while the Junior Market PE for the Top 10 is at 6.3 versus the market at 13.1.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result 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.
More changes to ICTOP10
The only major move in the Junior Market ICTOP10 listing, this week was a fall of 8 percent for Tropical Battery, while in the Main Market, Carreras rose 6 percent followed by Caribbean Producers with 5 percent, both dropped out of the TOP10, while Guardian Holdings and 138 Student Living both lost 5 percent for the week. The week’s movements resulted in no change to the ICTOP10 Junior Market stocks but Transjamaican Highway and Jamaica Broilers return to the list.
BuyRated stocks from the long-ago past
The Junior Market index closed up to 4,052.19 points, ahead of the 4,031 close of the previous week, helped by the strong gains in the two newly listed companies; JFP limited and EducFocal that jumped sharply during the week, with the former topping out at $2 to close the week up by 36 percent at $1.36, with a PE of 19 times projected 2022 earnings, while the latter jumped to $3.07 for an incredible gain of 207 percent with a PE of 38 based on projected earnings of 8 cents for 2022. Meanwhile, the Main Market continues to consolidate at a support level of around 440,000 points using the All Jamaica Composite Index, but the market drifted down below that level in the latter part of the week as NCB Financial dropped to a multi-year low of $91.01 on Wednesday, with little demand for the stock currently, but it may find support around the $105 level.
The Junior Market potential gains for the TOP 10 Junior Market stocks stand at 109 percent, much lower than the Main Market at 137 percent, an indication that Main Market is greatly undervalued. The top three stocks in the Junior Market are Elite Diagnostic, Medical Disposables followed by AMG Packaging, to gain between 122 and 133 percent.
The potential gains for Main Market stocks moved from 127 percent last week to this weeks’ 137 percent, with the top three being Guardian Holdings, JMMB Group followed by Sygnus Credit Investments all projected to gain between 169 and 198 percent versus 168 to 193 percent last week.
The average PE for Junior Market is well ahead of the average of 17 times 2020 earnings achieved at the end of March last year in moving to 21.8 based on ICInsider.com’s 2021-22 earnings, pushed up mainly by five stocks, with EduFocal and Main Event over 100 times 2021 earnings. Excluding the 5 highest PE ratios over 40, the average would be around 18. The JSE Main and USD Markets at 15.8 is well off from 19 in 2021. The TOP 10 stocks trade at a PE of a mere 8.6, with a 45 percent discount to that market’s average.
The average PE for the JSE Main Market is 20 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to the end of March this year. The Main Market TOP 10 average PE is 8.6 representing a 45 percent discount to the market, well below the potential of 20. 
The depressed PE of the main market is an indication that bigger investors are reluctant to be aggressive in buying into the market currently, with inflation, rising interest rates and war populating the headlines.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
