Merel Finance Identifies 5 Value Stocks This Week
Merel Finance identifies 5 value stocks this week: Arcelor Mittal, Hi-Shear Technology Corp., MSC Industrial Direct Co. Inc., Best Buy Co. Inc. and Acergy SA. The Merel Finance Value Index measures the performance of the stock picking method used. As of November 16, 2007, the Merel Finance Value Index outperformed the Dow Jones industrial average by more than 14 percentage points over the same period.
Quebec City, Quebec (PRWEB) November 20, 2007 -- Merel Finance, an independent financial publication, identifies 5 value stocks this week. These companies, characterized by a low price-to-earnings (P/E) ratio and a strong growth potential, are selected using a stock picking method focusing on long-term returns.
The value stocks identified this week are: Arcelor Mittal (steel & iron), Hi-Shear Technology Corp. (Aerospace/Defense Products & Services), MSC Industrial Direct Co. Inc. (Industrial equipment wholesale), Best Buy Co. Inc. (Electronic stores) and Acergy SA, (Oil & Gas equipment & services).
Some of these stocks present impressive gains over the last 2 years, up to 261% for Hi-Shear Technology Corp. This is a reflection on the strong earnings growth of these companies.
The stock picking method used considers, among important indicators, P/E ratios, past and potential earnings growth and return on equity. The goal of using this method is to outperform stock markets indicators in the long-term.
The Merel Finance Value Index measures the performance of this stock picking method. It is updated daily and compared to the Dow Jones Industrial average. The companies in the index are mostly from the Oil & Gas, Steel & Iron and Industrial Metals & Minerals industries.
As of November 16, 2007, the Merel Finance Value Index outperformed the Dow Jones industrial average by more than 14 percentage points over the same period.
About Merel Finance:
Merel Finance is an independent financial publication offering to investors a stock selection method maximizing long-term returns (buy-and-hold strategy). Each week, 5 value stocks are identified from the U.S. stock markets. Merel Finance is a free publication.
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