We look at the company charts to see where value currently lies. Please see the attached report for the charts and more details.
Key conclusions from the Charts
- Banks and Financial Services| COMI &HRHO offer 20%; CICH & EXPA oversold
- Food and Beverage| Looks attractive relative to historical averages
- Consumer Diversified| Favor EAST & MTIE, but both await catalysts
- Healthcare and Pharmaceuticals| Attractive relative to their own norms
- Chems and Petchems| EKHO, SKPC & Ferts offer 20%; KIMA & CCAP await earnings catalyst
- Contractors, Cables, and Steel| SWDY & ORAS are the sole picks here
- Aluminum, Cement, and Tiles| No picks in town due to weak industry dynamics
- Real Estate| TMGH and MNHD extremely oversold, despite sector concerns
- Telecom| Oversold but lack catalysts
- Logistics| Neutral for now
Stocks offering c.20% “rebound”
- COMI, HRHO, ADIB
- SWDY, ORAS
- EAST
- EKHO, SKPC, CCAP
- ABUK, MFPC, EGCH, and EFIC
Oversold but lacking catalysts
- CICH, QNBA, EXPA
- OLFI, PHAR
- TMGH, PHDC, MNHD
- ETEL, RACC
Attractive relative to historical norms
- JUFO, EFID, DOMT
- CLHO, ISPH