Trading closed on the Jamaica Stock Exchange Junior Market Thursday, with the volume of stocks traded rising 95 percent more and the value jumping 121 percent more than on Wednesday, but the market index slipped with more stocks rising than falling.
Market activity led to 41 securities trading versus 40 on Wednesday and ending with 19 rising, 14 declining and eight were unchanged. At the close, the Junior Market Index slipped 10.31 points to 4,095.38.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 16,085,002 shares traded for $88,518,673, up from 8,258,271 units at $40,111,273 on the Wednesday. Trading averaged 392,317 shares at $2,158,992 in contrast to 206,457 shares at $1,002,782 on Wednesday, with month to date, averaging 257,160 units at $1,092,280 compared to 234,262 units at $911,555 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Lasco Manufacturing led trading with 6.30 million shares for 39.2 percent of total volume, followed by Main Event with 3.64 million units for 22.6 percent of the day’s trade and Derrimon Trading with 975,375 units for 6.1 percent market share.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial rose 40 cents to $19.55 while exchanging 4,000 shares, AMG Packaging climbed 8 cents to end at $3.58, with 32,502 stock units changing hands, Cargo Handlers jumped $1.47 to $12.52 after an exchange of 10,431 stocks. Caribbean Assurance Brokers popped 7 cents to close at $2.43 with the swapping of 14,144 units, Dolphin Cove gained 25 cents in closing at $15.50 in trading 114,141 shares, EduFocal fell 7 cents in ending at $2.78 after exchanging 65,309 stocks. Elite Diagnostic rallied 37 cents to close at $3.77 with an exchange of 18,218 stock units, Everything Fresh shed 25 cents in closing at $1.17 in an exchange of 193,653 units, Fontana rose 23 cents to $9.84 after exchanging 723,862 shares. Fosrich advanced 70 cents to end at $27 in switching ownership of 167,360 stock units, Future Energy Source lost 12 cents to close at $5.89 in exchanging 287,714 stocks, Honey Bun rose 47 cents to $8.97 with 1,900 units clearing the market. iCreate dropped 24 cents to end at $2.51 after trading 247,904 units, Indies Pharma fell 8 cents in closing at $3, with 14,065 stocks crossing the market, Jetcon Corporation lost 10 cents to $1.10, with 658,567 shares crossing the market. Knutsford Express rallied 89 cents to close at $8.40 after 150 stock units crossed the exchange, Lasco Distributors popped 14 cents to $3.44 after exchanging 22,979 stock units, 
Lasco Financial climbed 8 cents in closing at $3.48 in trading 10,989 stocks. Lasco Manufacturing fell 40 cents in ending at $5 after 6,300,026 shares crossed the market, Medical Disposables gained 40 cents to end at $7.40 while exchanging ten units and Stationery and Office Supplies increased $1.88 to end at $11.98 after trading 73,635 shares.
In the preference segment, CAC 2000 9.5% preference share rose 15 cents to $1.16 with the swapping of 30,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior stocks slip on Thursday
Trading closed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded declining 28 percent and the value 6 percent lower than on Wednesday and ended with rising stocks bettering those falling with the market index slipping mildly.
At the close of the market, 42 securities were traded versus 39 on Wednesday and ended with 18 rising, 14 declining and ten closing unchanged. The Junior Market Index lost 11.37 points to settle at 4,226.66.
The PE Ratio, a measure of computing appropriate stock values, averages 13.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between September this year and August 2023.
A total of 6,943,963 shares traded for $31,114,240 down from 9,607,258 units at 33,012,055 on Wednesday. Trading averaged 165,332 shares at $740,815, in contrast to 246,340 shares at $846,463 on Wednesday, with the month to date, averaging 204,336 units at $791,683. May closed with an average of 376,907 units at $1,638,631.
JFP Limited led trading with 2.02 million shares for 29.1 percent of total volume, followed by Jamaican Teas with 1.49 million units for 21.5 percent of the day’s trade and Spur Tree Spices with 577,493 units for 8.3 percent market share.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and three with lower offers.
At the close, AMG Packaging climbed 17 cents in closing at $3.67 with an exchange of 28,783 shares, Cargo Handlers rallied $1 to close at $12, with 85,940 stocks crossing the exchange, Caribbean Assurance Brokers rose 22 cents to end at $2.44 after investors cleared the market of just 1,601 stock units. Dolphin Cove fell 90 cents to $17 in switching ownership of 5,289 units, Everything Fresh gained 14 cents in ending at $1.47 after exchanging 9,137 stocks, Fosrich jumped $3.94 to close at $30.95 in trading 318,484 stock units. Honey Bun dropped 73 cents to end at $8.26 as investors exchanged 88,534 units, iCreate fell 35 cents to $2.90 in an exchange of 245,193 shares, KLE Group advanced 15 cents to $2.06 with 1,870 stock units changing hands. Knutsford Express declined 13 cents in closing at $8.50, trading 99 shares, Mailpac Group popped 11 cents in ending at $2.78 while exchanging 13,180 stocks, 
Main Event climbed 35 cents to close at $8.60, trading 29,000 units. Spur Tree Spices shed 10 cents in closing at $3.95 after exchanging 577,493 stocks, SSL Venture declined 19 cents to end at $1.66, with 40 stock units crossing the market and Stationery and Office Supplies advanced $1.08 to $12.08 with the swapping of 56,765 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More recovery for Junior Market
Trading closed on the Jamaica Stock Exchange Junior Market on Tuesday, with the volume of stocks traded rising 41 percent and the value 88 percent more than Monday as rising stocks outpaced those declining by nearly three to one.
A total of 43 securities trading versus 41 on Monday ending with 24 rising, nine declining and 10 closing unchanged, leading the Junior Market Index to climb 56.75 points and settle at 4,203.09.
The PE Ratio, a measure used in computing appropriate stock values, averages 13.4. The PE ratios of Junior Market stocks incorporate earnings projected by ICInsider.com for companies with financial year that falls between September this year and August 2023.
Overall, 9,825,896 shares traded for $54,208,669 compared to 6,964,198 units at $28,803,554 on the Monday. Trading averaged 228,509 shares at $1,260,667 in contrast to 169,858 shares at $702,526 on Monday with month to date, averaging 376,907 units at $1,638,631 compared to 384,335 units at $1,657,551 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Knutsford Express led trading with 3.26 million shares for 33.2 percent of total volume, followed by Spur Tree Spices with 2.74 million units for 27.9 percent of the day’s trade and Future Energy Source with 515,082 units for 5.2 percent market share.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close of trading, AMG Packaging increased 18 cents to end at $3.68, with 2,308 shares crossing the exchange, CAC 2000 popped $1.09 in closing at $7.40, with 10 units crossing the market, Cargo Handlers rallied 10 cents to $11.70 in trading 1,000 stock units. Dolphin Cove rose 19 cents to $18.19 in switching ownership of 48,002 stocks, Everything Fresh advanced 13 cents to close at $1.35 after exchanging 55,263 stocks, Express Catering gained 31 cents to close at $5.93 with 5,500 units changing hands. Fosrich climbed $3.50 to end at $27 in exchanging 200,352 shares, iCreate increased 15 cents in ending at $3.35 with the swapping of 188,285 stock units, Indies Pharma advanced 15 cents in closing at $3.15 in an exchange of 442,845 stock units. Iron Rock Insurance popped 22 cents to $3.30 with 3,562 units clearing the market, Jetcon Corporation lost 11 cents to end at $1.39 with an exchange of 251,118 stocks, KLE Group dropped 49 cents to $1.91 after 36,128 shares crossed the market. 
Knutsford Express gained 20 cents in closing at $8, with 3,257,783 units changing hands, Lasco Distributors shed 28 cents to close at $3.17 while exchanging 4,988 stocks, Lasco Financial rose 18 cents to $3.48, trading 103,584 stock units. Stationery and Office Supplies rallied 20 cents to $10.80 after exchanging 13,343 shares and tTech declined 39 cents in closing at $3.50 in trading 5,217 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Results push Junior Market to record 4,613
The release of results for Junior Market companies since Friday’s market close helped to push the Junior Market to a new record of 4,613.27 points after the market opened on Monday, surpassing the record close of 4,537.15 on Friday, with the index crossing over into the 4,600 mark for the first time.
Spur Tree Spices generated revenues of $237 millionin their first quarter to March, an increase of 40.7 percent over the $168 million in 2021, helped by the newly acquired subsidiary, Exotic Products generated revenues of $73 million for the quarter, with only $2.18M is included in the consolidated revenue of $237 million. Profit before tax was $51 million, an improvement of $28.6M or 128 percent above the $22.4 million for the 2021 quarter. Investors traded 9 million shares for $36 million up to $4.30.
Dolphin Cove reported US$2.3 million in revenue in quarter Q1 2022, up from just US$374,000 in 2021, as visitors to the parks bounced sharply in the quarter to reach 58 percent of the attendance in the first quarter of 2019. Profitability was enhanced by the strict management of costs, with the quarter incurring only US$1.5 million of expenses, a decline of almost US$1 million compared to the first quarter of 2019, reflecting permanent efficiencies that were put in place. Net profit amounted to US$795,000, compared to a loss of US$154,000 in 2021. The stock traded up to $23.25 before settling at $22.51 after trading 131,329 shares.
Fosrich traded 368,000 shares early Monday.
Fontana grew revenues by 24 percent to $1.52 billion, over the $1.22 billion for the 2021 first quarter, with net profits popping by 43.4 percent, to $105 million from $72.9 million in the first quarter last year. Investors traded the stock at $11.18 after an exchange of 158,512 shares.
Fosrich posted blowout results with a 64 percent surge in revenues to $900 million from$549 million in 2021 and profits surging 314 percent to $159 million in the March Quarter from just $38 million in 2021. The investors responded instantly to the news by trading 368,361 shares up to $36.22.
Bullishness rises on the JSE as 2022 ages
Trading levels are soaring at the Jamaica Stock Exchange in 2022 with the amount of funds passing through the Main Market for trading jumping 141 percent over 2021 with an exchange of $14.87 billion over the $6.16 billion in the first quarter of 2021, at the same time the Junior Market attracted 184 percent more funds for all three months amounting to $4.6 billion up from just $1.62 billion in 2021.
New listings helped considerably in pushing the value of trading in the Junior Market in March but not significantly in January and February. March benefitting strongly from Spur Tree that was listed in January, accounting for $617 million, JFP Ltd with trading of just $160 million and EduFocal $286 million with the three accounting for $1.06 billion of the $1.84 billion increased trading in March over 2021. Spur Tree in January when it was listed accounted for $208 million and just $186 million in February.
The Main Market benefitted from the listing of Massey Holdings in January but has had a moderate impact on the value of stocks traded, with March showing the largest amount of $1 billion, with just $369 million in February and $150 million in January.
Trading rose 145 percent in January 2022 over 2021 for the Junior Market to hit $979 million and 90 percent in February to $1.19 billion, with March enjoying a big 309 percent rise to $2.4 billion. In the Main Market trading rose 114 percent in January 2022 over 2021 to $2.7 billion, 66 percent in February to $3.64 billion and 215 percent to $8.5 billion in March.
Importantly, in both markets, the increases are reflected in higher value month over month suggesting that investors are getting increasingly more aggressive in trading stocks. The buoyancy in the market will swell revenues and profit in the first quarter for the JSE.
Junior Market at record high on Friday
The Junior Market of the Jamaica Stock exchange is now trading at a new record high of 4,197.38 at 11.40 on Friday, up from 4,104.06 at the close on Thursday, as Express Catering (ECL) climbed to $6, Lasco Manufacturing rose to $5 and Spur Tree Spices hit $3.80.
Since then the market pulled back slightly to trade at 4,196.81.
The Junior Market’s previous highest level was reached on Friday, March 4, when it ended at a record closing high of 4,168.16, up 95.60 points for the day after hitting all-time intraday high of 4,185.95 at 11.45 am that morning.
Trading the shares of ECL is suspended for breaching the 15 percent circuit breaker limit. The JSE Main Index is up to 386,151.14 from Thursday’s close of 384,196.74
Junior Market surges to a new record high
The Junior Market blast through 4,100 points on Friday on the way to yet another record closing high of 4,168.16, up 95.60 points for the day after hitting all-time intraday high of 4,185.95 at 11.45 am. A the same time Jamaica Stock Exchange Main Market stocks continued to consolidate, with the Combined Index falling 572.07 points to 399,669.70.
The All Jamaican Composite Index lost 1,330.54 points to settle at 439,591.90 and the JSE Main Index slipped 1,508.82 points to 387,382.91.
A number of Junior Market stocks traded at 52 weeks’ high, with Future Energy hitting a new record of $8.30, Lumber Depot traded at record $4.05, Derrimon Trading closing at $3.09, Spur Tree climbed to a record of $3.96 and Tropical Battery hit a record of $2.30 during the session.
The market’s PE ratio ended at 18.4 based on 2021-22 earnings and 11.8 times those for 2022-23 at the close of market activity on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. The ICInsider.com PE ratio chart along with the more detailed daily report charts, provide investors with regularly updated information to help with decision making.
Investors should make use of the chart to help make rational investment decisions, by investing in stocks that are close to the average for the sector and not going too far from it, unless there are compelling reasons to do so. 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. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market.
The net asset value of each company is reported as a guide to easily 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 payable and yields for each company are shown in the Main and Junior Markets daily report charts that show closing volume for the bids and offers.
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.
Junior Market hits new record of 4,174 points
The Jamaica Stock Exchange Junior market is trading at a new record high at the start of trading on Friday with the market Index crossing over the 4,100 level for the first time as the index hit a record high of 4,143.05 points having gained 70.49 points at the start, subsequent to the opening the index has hit a new high of 4,150.37.
Future Energy traded at a record $8 as the stocks continues its relentless rise since the start of the year, while another transport related stock, Tropical Battery hits a new high of $2.15 with trading in the stock frozen until minutes after 10.30 and recently listed Spur Tree Spices traded at a record $3.40.
With the lapse of 90 minutes of trading, the Junior Market is up over 100 points at a record 4173.97 at 11 am.
While the Junior Market chalks up record highs the Main Market remains under pressure and is down moderately at the open.
Several changes for ICTOP10 listings
Increased buying interest coupled with the release of new results created many changes for the ICTOP10 listings this week. Tropical Battery came from nowhere, with stunning first quarter results to December, with profits surging from just $19 million in 2020 to $56.7 million as revenues surged 46.8 percent to $662 million and investors reacted to it right out of the block driving the price up 18 percent for the day.
Even with an 18 percent rise in the stock price, Tropical moved right to the top of the Junior Market TOP10 stocks with the potential to double in price. Medical Disposables price slipped with the stock now back in the TOP 10 and so did Access Financial while Cargo Handlers joins the TOP10 in fifth position.
Moving out of the TOP10 are Lasco Financial that was boosted by rising profits and enjoyed a 19 percent bounce in the price for the week and Jetcon Corporation. Lasco Manufacturing (Lasm) price rose 2 percent but the company posted good results that suggest a much higher stock price ahead and Stationery & Office Supplies (SOS) had a 24 percent rise to $7.31 as increased buying interest came in for the stock. Both stocks remain in the 2022 ICTOP15 list, with SOS in at the 6th spot and LASM at 11.
The Junior Market index upward move slowed this past week with year to date gains moving from 16.3 percent last week to 17.1 percent to Friday, this week. The Main Market seems to be bubbling with the market index up more than 7,700 points for February and is worth watching.
Recently listed Spur Tree Spices continues to consolidate around the $3 price level while, Future Energy, surged this past week to an all-time high of $5.20, on profit results that rose strongly in the December quarter at PE of 50, the price seems well ahead of the market.
Other decent moves in the Junior Market this past week are Caribbean Assurance Brokers that closed at $3.28 for a rise of 6 percent, General Accident moved up 4 percent to $6.76, AMG Packaging lost 6 percent to end at $3.48 and Honey Bun slipped 4 percent to $9.70.
In the Main Market, Jamaica Broilers rose 13 percent to $30.50, while Proven Investments and VM Investments both rose 8 percent for the week. Radio Jamaica released results for the nine months to December, with a slight reduction of 2.5 percent in revenues or $35 million leading to a fall in profit from $194 million in the December quarter to $108 million and Jamaica Broilers were replaced in the TOP10 by Berger Paints and Carreras.
The sharp price movements in the Junior Market over recent weeks reduced the potential gains markedly, with the average increase projected for the TOP 10 Junior Market stocks now at 105 percent and is now lower than the Main Market at 122 percent. The top three stocks in the Junior Market are Tropical Battery followed by Caribbean Assurance Brokers and Lasco Distributors to gain between 111 and 124 percent, compared to 114 and 126 percent, previously.
The potential gains for Main Market stocks moved from 123 percent to this weeks’ 122 percent, with the top three being JMMB Group followed by Guardian Holdings and Sygnus Credit Investments all projected to gain between 161 and 186 percent versus 165 and 186 percent last week.
After trading at a big discount to the Main Market for two years, the average PE for Junior Market has moved to 17.8 based on ICInsider.com’s 2021-22 earnings and is ahead of the JSE Main Market at 16.4. In the process, the Junior Market has surpassed the average of 17 that was achieved at the end of March last year. The TOP 10 stocks trade at a PE of a mere 9.8, with a 45 percent discount to that market’s average. That means there is a lot of room for the TOP10 stocks to run between now and the end of March.
All the stocks in the Junior Market can gain 12 percent to March this year, based on an average PE of 20 that would take the index to 4,700 points. About a third of Junior Market stocks with positive earnings are trading at or above this level, averaging around 23.
The average PE for the JSE Main Market is 17.4 just 9 percent less than the PE of 19 at the end of March and 15 percent below the target of 20 to March this year. The Main Market TOP 10 average PE is 9.2 representing a 47 percent discount to the market and well below the potential of 20. Around 15 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
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.
More changes for ICTOP10 listings
The Junior Market closed at record highs on each of the last seven days, fueled by an upsurge in trading, with several days ending with all listed securities trading driving the volume and value traded upwards to levels not seen in months and resulting in several stocks reaching new 52 weeks’ highs.
The Main Market showed some bullishness this past week with the JSE All Jamaican Composite Index climbing 6,525.97 points to the highest level since late October last year. More than two thirds of the gains came on Friday helped by gains by heavyweights, Sagicor Group putting on $1, Scotia Group popping $1.60 and Wisynco jumping $2.25 after reporting strong increased profit for the December quarter.
The Junior Market Index is up a remarkable 16.3 percent for the year to Friday that is more than half of all of the 2021 gains, with the average rise in prices even greater at 19 percent. That quick upward movement is equivalent to an annualized gain of 194 percent and may result in investors questioning its sustainability.
Spur Tree Spices seems to have reached a peak for now but the previously last listed Junior Market stock, Future Energy, gained new life and sprinted to an all-time high of $4.50, no doubt driven by investors’ views that the increased price of gasoline will drive up sales and margins. While sales will rise in dollar terms margin may not. The party was not only for the gasoline supplier, Fontana in the TOP10 for the week ending the 21st of January at $7.40 hit new record highs this week up to $12.49 for an increase of 69 percent in a matter of weeks.
Two high performing stocks pulled back this week Dolphin Cove hit a record high of $30 during the week but pulled back to $22 on Friday while former ICTOP10 listed Caribbean Producers hit a record high of $25.99 earlier in the week, pulled back to $16 on Thursday before closing the week at $17.85. December results should be out for this stock during the coming week and will have benefitted from the resurgence in tourist arrivals.
Medical Disposables gained 12 percent this past week to end at $7.55 and exited the Junior Market TOP10 listing, with Elite Diagnostic having traded at a 52 weeks’ high of $4.40 two weeks ago and ended the previous week at $3.73, suffered more losses this past week and is back to the TOP10. In the Main Market, Scotia Group rose nine percent to $37.50 and was replaced in the TOP10 by Jamaica Broilers.
Lasco Distributors jumped 15 percent to $3.73 ahead of third quarter results due out shortly and General Accident moved up 7 percent to $6.50, while Honey Bun and Jetcon Corporation both rose 5 percent in the week. AMG Packaging rose 3 percent to end at $3.70 and so did Caribbean Assurance Brokers that closed at $3.10.
Guardian Holdings climbed 5 percent to close at $575, JMMB Group held on to a 2 percent rise for the week and traded at a 52 weeks’ high of $44.61 on Friday but closed at $41.99. Pan Jam Investment and Radio Jamaica settled with a 5 percent rise for the week, while Proven Investment lost 8 percent to close at US$0.21 and Sygnus Credit Investments slipped 4 percent to $15.23.
The sharp price movements in the Junior Market over the recent past weeks reduced the potential gains markedly, with the average increase projected for the TOP 10 Junior Market stocks now at 104 percent versus 114 percent last week and is now lower than the Main Market at 128 percent.
The top three stocks are Caribbean Assurance Brokers followed by Lasco Financial and Lasco Distributors to gain between 114 and 126 percent, compared to 128 and 148 percent, previously.
The potential gains for Main Market stocks moved from 131 percent to this weeks’ 128 percent, with the top three being JMMB Group followed by Guardian Holdings and Sygnus Credit Investments all projected to gain between 165 and 186 percent from 155 and 193 percent last week.
After trading at a big discount to the Main Market for two years, the average PE for both the JSE primary markets has virtually merged just below 17 times 2021 earnings.
The Junior Market closed the week, with an average PE of 16.8 based on ICInsider.com’s 2021-22 earnings and is currently below the target of 20 and now virtually at the average of 17 that was achieved at the end of March last year. The TOP 10 stocks trade at a PE of a mere 9.8, with a 42 percent discount to that market’s average. That means there is a lot of room for the TOP10 stocks to run between now and the end of March.
The Junior Market can gain 19 percent to March this year, based on an average PE of 20 that would take the index to 4,700 points. About a third of Junior Market stocks with positive earnings are trading at or above this level, averaging around 23.
The average PE for the JSE Main Market is 16.4 just 16 percent less than the PE of 19 at the end of March and 22 percent below the target of 20 to March this year. The Main Market TOP 10 average PE is 8.9 representing a 46 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times current year’s earnings.
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.