Valida Joel Greenblatt Strategy Daily Upgrade Report – 02/18/2022

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TThe following are today’s upgrades to Validea’s Earnings Yield Investor model based on Joel Greenblatt’s published strategy. This value model looks for companies with high return on capital and earnings.

QUIDEL COMPANY (QDEL) is a mid-cap value stock in the biotechnology and pharmaceuticals industry. The rating according to our strategy, based on Joel Greenblatt, changed from 0% to 100% based on the company’s underlying fundamentals and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock, and a score above 90% usually indicates strong interest.

Company description: Quidel Corporation is a provider of rapid diagnostic test solutions, cell-based virology assays and molecular diagnostic systems. The Company is engaged in the development, manufacture and marketing of rapid diagnostic test solutions. These diagnostic test solutions are divided into four product categories: rapid immunoassay, cardiometabolic immunoassay, molecular diagnostic solutions and specialized diagnostic solutions. It sells its products directly to end users and distributors, each for professional use in physician’s offices, hospitals, clinical laboratories, reference laboratories, emergency department clinics, universities, retail clinics, pharmacies and wellness screening centers. Its diagnostic solutions help detect and diagnose many diseases and conditions, including infectious diseases, cardiovascular diseases and conditions, women’s health, gastrointestinal disorders, autoimmune disorders, bone health, and thyroid disorders.

The table below summarizes whether the stock meets each of the tests of this strategy. Not all of the criteria in the table below are weighted equally or are independent of one another, but the table provides a brief overview of the security’s strengths and weaknesses in the context of the strategy’s criteria.

RETURN ON EARNINGS: NEUTRAL
RETURN ON MATERIAL CAPITAL: NEUTRAL
FINAL RANKING: HAPPEN

Detailed Analysis of QUIDEL CORPORATION

Full guru analysis for QDEL

Full factor report for QDEL

RELIANCE STEEL & ALUMINUM CO (RS) is a large cap value stock in the Misc space. Industry of manufactured products. The rating according to our strategy based on Joel Greenblatt changed from 70% to 90% based on the company’s underlying fundamentals and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock, and a score above 90% usually indicates strong interest.

Company description: Reliance Steel & Aluminum Co. (Reliance) is a metals service center. The Company operates as a metal solutions provider. It provides value-added metal fabrication services and sells approximately 100,000 metal products including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. It serves diverse industries including manufacturing, non-residential construction, transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and natural gas), electronics and semiconductor manufacturing, and heavy industry (agriculture, construction and mining equipment) . ). The company also serves the auto industry through its contract manufacturing operations. It offers a network of approximately 300 locations in 40 states of the United States and 13 other countries including Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, United Arab Emirates and the United kingdom .

The table below summarizes whether the stock meets each of the tests of this strategy. Not all of the criteria in the table below are weighted equally or are independent of one another, but the table provides a brief overview of the security’s strengths and weaknesses in the context of the strategy’s criteria.

RETURN ON EARNINGS: NEUTRAL
RETURN ON MATERIAL CAPITAL: NEUTRAL
FINAL RANKING: HAPPEN

Detailed Analysis by RELIANCE STEEL & ALUMINUM CO

Full guru analysis for RS

Full Factor Report for RS

AMN HEALTHCARE SERVICES, INC. (AMN) is a mid-cap value stock in the business services industry. The rating according to our strategy based on Joel Greenblatt changed from 60% to 90% based on the company’s underlying fundamentals and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock, and a score above 90% usually indicates strong interest.

Company description: AMN Healthcare Services, Inc. provides staffing solutions and staffing services to acute and sub-acute hospitals and other healthcare facilities throughout the United States. The Company operates through three segments: Nursing and Related Solutions; Physician and executive solutions, as well as technology and workforce solutions. The Nursing and Related Solutions segment includes Travel Nursing, Emergency Nursing and Work Disruption, Allied Nursing, Local Nursing and Revenue Cycle Solutions businesses. The Physician and Executive Solutions segment includes the business areas of job placement, interim healthcare executive personnel, executive search and permanent physician hiring. The Technology and Human Resources Solutions segment includes its language interpretation services, vendor management systems, workforce optimization, recruitment process outsourcing, eligibility verification and flex pool management.

The table below summarizes whether the stock meets each of the tests of this strategy. Not all of the criteria in the table below are weighted equally or are independent of one another, but the table provides a brief overview of the security’s strengths and weaknesses in the context of the strategy’s criteria.

RETURN ON EARNINGS: NEUTRAL
RETURN ON MATERIAL CAPITAL: NEUTRAL
FINAL RANKING: HAPPEN

Detailed Analysis by AMN HEALTHCARE SERVICES, INC.

Full guru analysis for AMN

Full factor report for AMN

BY TIER CORP (VNT) is a mid-cap value stock in the Scientific & Technical Instr. Industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the company’s underlying fundamentals and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock, and a score above 90% usually indicates strong interest.

Company description: Vontier Corporation is an industrial technology company. The Company provides worldwide engineering equipment, components, software and services for manufacturing, repair and maintenance in the mobility infrastructure industry. The company offers a range of solutions that include environmental sensors, fueling equipment, on-site payment hardware, remote management and workflow software, vehicle tracking and fleet management, traffic light control software solutions, and equipment for vehicle mechanics and technicians. The Company markets its products and services to retail and commercial service station operators, commercial vehicle repair companies, local government and public safety organizations, and fleet owners/operators. It offers a range of mobility technology products including retail/commercial fuelling, telematics and smart city. Its diagnostic and repair technology products include vehicle repair and wheel service equipment.

The table below summarizes whether the stock meets each of the tests of this strategy. Not all of the criteria in the table below are weighted equally or are independent of one another, but the table provides a brief overview of the security’s strengths and weaknesses in the context of the strategy’s criteria.

RETURN ON EARNINGS: NEUTRAL
RETURN ON MATERIAL CAPITAL: NEUTRAL
FINAL RANKING: HAPPEN

Detailed analysis of the VONTIER CORP

Full guru analysis for VNT

Full factor report for VNT

TEMPUR SEALY INTERNATIONAL INC. (TPX) is a mid-cap value stock in the furniture and home furnishings industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the company’s underlying fundamentals and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock, and a score above 90% usually indicates strong interest.

Company description: Tempur Sealy International, Inc. is a designer, manufacturer and distributor of bedding products, including mattresses, bed bases and adjustable bases, and other products including pillows and other accessories. The Company operates through two segments: North America and International. The North America segment consists of Tempur and Sealy’s manufacturing and sales subsidiaries, joint ventures and licensees in the United States, Canada and Mexico. The International segment consists of Tempur manufacturing and sales subsidiaries, Sealy sales subsidiaries, joint ventures and licensees in Europe, Asia Pacific and Latin America (excluding Mexico). The company’s branded portfolio includes Tempur, Tempur-Pedic, Sealy with Posturepedic Technology and Stearns & Foster, and its unbranded offerings include private label original equipment manufacturer (OEM) products.

The table below summarizes whether the stock meets each of the tests of this strategy. Not all of the criteria in the table below are weighted equally or are independent of one another, but the table provides a brief overview of the security’s strengths and weaknesses in the context of the strategy’s criteria.

RETURN ON EARNINGS: NEUTRAL
RETURN ON MATERIAL CAPITAL: NEUTRAL
FINAL RANKING: FAIL

Detailed analysis of TEMPUR SEALY INTERNATIONAL INC

Full Guru Analysis for TPX

Full factor report for TPX

More details on Validea’s Joel Greenblatt strategy

Joel Greenblatt stock ideas

About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats the Market, hedge fund manager Joel Greenblatt laid out an amazingly simple way to beat the market using two – and only two – fundamental variables. The “magic formula,” as he called it, produced backtested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500’s 12.4 percent return over that time. Greenblatt also achieved exceptional returns as a managing partner at Gotham Capital, a New York City-based hedge fund he founded. The company has achieved an average annual return of a remarkable 40 percent for more than two decades.

About Validea: Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over time, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. You can find more information about Validea here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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