Market Read®

  • Sunday, July 13 2014

This prediction has passed its maturity date!

This prediction was valid between March 11, 2013 and June 16, 2013. All information in this report is for reference only and should not be considered forward looking.

(NYSE: SPW)

Spx Corp.


Bearish

SPX Corporation provides specialized engineered solutions worldwide. It operates in two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment offers products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation and turnkey projects, as well as aftermarket support services. This segment primarily offers engineered pumps, valves, mixers, heat exchangers, and dehydration and filtration technologies for food and beverage, general industrial processing, and power and energy markets. The Thermal Equipment and Services segment engineers, manufactures, and services thermal heat transfer products. This segment s principal products include dry, evaporative and hybrid cooling systems, rotating and stationary heat exchangers, and pollution control systems for the power generation, refrigeration, HVAC, and industrial markets, as well as boilers, heating, and ventilation products for the commercial and residential markets. The company designs, manufactures, and markets power transformers; industrial tools and hydraulic units; precision machine components for the aerospace industry; television, radio, cell phone, and data transmission broadcast antenna systems; communications and signal monitoring systems; fare collection systems; portable cable and pipe locators; and precision controlled industrial ovens and chambers. SPX Corporation markets its products through various channels, such as stocking distributors, independent manufacturing representatives, direct sales, and third-party distributors and retailers. The company was formerly known as Piston Ring Company and changed its name to SPX Corporation in 1988. SPX Corporation was founded in 1911 and is headquartered in Charlotte, North Carolina.

Investment Highlights

  • PATTERN SCAN predicts the price of SPW expected to move down in the coming weeks based on the appearance of a 'Broadening Continuation' pattern. Specifically, a ACT EOD variant of Broadening Continuation has been detected. The target is $73.90. more
  • INSIDER predicts that SPW will move down based on insiders trading in the stock. more
  • VALUATION SPW has a current calculated value of $67.36 which means the stock is overvalued compared to its price of $106.92.

Predictive Range February 04, 2013 - June 16, 2013

Anticipated price movement, between prediction date and target date, based on all market reads.
$78.03 - $67.62

How WealthMakers Market Reads Work:

WealthMakers Market Reads™ provide you with market performance predictions based on proprietary technologies, trading algorithms and data to help you make better, more informed investment decisions. Here's a quick review of our predictive technologies:

  • EARNINGS Most stock price histories show random or unpredictable movements around earnings reports. But some repeat the same pattern quarter after quarter, year after year. Earnings predicts probability, price move and length of move before and after all US stock earnings reports.
  • FRICTION FACTOR Friction Factor is based on the relationship between the price of a stock and the volume at which it's bought and sold. Normal and abnormal Friction factor patterns can help you time your buying and selling decisions for maximum earnings potential.
  • GATS The Global Automated Trading System (GATS) combines neural networks and genetic algorithms to reduce investment risks. GATS selects the highest probability trades in stocks, bonds, options, commodities, currencies and private equities, delivering precise, predictive and profitable data.
  • GROUP SECTOR Certain institutions can exert buying or selling pressure over an entire industry group, pushing prices higher. Group Sector identifies stocks that most closely match their group's movement and generate powerful group consensus trading signals to help you profit from the herd mentality.
  • PATTERN SCAN This technology automatically tracks "Trigger Events" that positively or negatively affect the value of a stock — or its perceived value among analysts — ranging from price fluctuations to natural disasters and political shifts. The results reveal patterns that can predict market movements.
  • EVENTS Events describe the current technical situation in your stock. It displays the technicals, trend conditions and seasonal factors and automatically discovers how that stock has performed in the trading days following the occurrences of the event or combination of events. This technology automatically scans using complex historical queries based on what event is taking place right now in the stock. It then displays the probability, expected return and number of trading days for the expected move.
  • RegSHO NAKED SHORTS SEC Regulation SHO mandates that if a clearing agent holds a fail-to-deliver position for 13 consecutive settlement days, it must purchase securities to close out its position, a.k.a. a forced cover. WealthMakers aggregates data from NYSE, AMEX, NASDAQ, OTCBB and PINKSHEETS to track stocks that are about to have forced covers.
  • SEASONALITY Seasonality analyzes more than 20 years of data to determine if stocks have a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias.
  • SQUEEZE TRIGGER Our proprietary database of more than 3,500,000,000 short sale transactions allows us to calculate the exact price at which the total short interest is short in each stock. Squeeze Trigger Alerts let you know exactly when a short squeeze will start and how to trade profitably.
  • VALUATION A stock's value is a function of its forecasted earnings per share and forecasted earnings growth, as well as profitability, interest and inflation rates. Valuation use these metrics to determine at what price a stock is undervalued or overvalued, so that you can make investment decisions accordingly.
  • INSIDER Significant stock sales or purchases by company "insiders" (officers or directors) can be a predictor of future price movements — up or down. The Insider strategy tracks these actions and correlates them with historical data to give you an investment edge.

Pattern Scan

 

Tracks "Trigger Events" that positively or negatively affect the value of a stock.

Spx Corp. (NYSE: SPW) is predicted to go down in coming weeks based on bearish technical trends that have appeared in the recent performance of the stock. SPW has demonstrated Broadening Continuation strategy ACT EOD with a strength of 2.0/5. The higher the strength, the higher the probability of an accurate prediction.

  • The price of SPW expected to move down in the coming weeks.
  • PatternScan has detected that a 'ACT EOD' pattern has appeared.
  • Specifically, a ACT EOD variant of Broadening Continuation has been detected.
  • This indicates a high probablity that SPW will move down in the coming weeks.

Insider

Tracks stock transactions by company "insiders" and correlates them with historical data.

Spx Corp. (NYSE: SPW) is expected to go lower as sell signals have been generated by top insider trading patterns. The most important data elements considered when performing insider analysis are: Insiders Track Record - An insiders track record is best summarized by the Insider Score which ranges from 1 (least predictive) to 100 (most predictive) based on prior trading performance. In addition, the actual returns following the insiders prior trades are included to determine the potential magnitude of future returns. Insiders Role - Trades by higher-level insiders are generally more predictive than trades by lower level insiders. Higher-level insiders to include Chairman, CEO, President, CFO, and Vice Chairman.

  • The price of SPW expected to move down soon.
  • Insider selling has been detected by high level insiders at the company.
  • Based on our predictive insider equity formula, SPW is expected to fall to $61.35.

Squeeze Trigger

 

We have a proprietary database of all trading in US stocks and maintain massive databases of short sale and naked short sale time and sales data, along with short squeeze SqueezeTrigger prices. We are the only firm that knows the exact price that a short squeeze will start in every US stock.

The Cumulative Squeeze Trigger price for SPW is 65.74.

Date Short Volume Short Value SqueezeTrigger
2013-12-31 405023 37923437.5544 93.6328
2013-11-30 1146374 107122918.43 93.445
2013-10-31 1607231 138413126.489 86.119
2013-09-30 1314249 103558615.603 78.7968
2013-08-31 1442086 109776922.038 76.1237
2013-07-31 1619397 120335933.613 74.3091
2013-06-30 1805508 135560248.902 75.0815
2013-05-31 3296589 245482148.18 74.4655
2013-04-30 2048448 153116162.035 74.7474
2013-03-31 680998 54644573.4162 80.2419
2013-02-28 3034203 238133657.469 78.4831
2013-01-31 2564406 183276045.295 71.4692
2012-12-31 8276706 540881909.429 65.3499
2012-11-30 2997270 201012811.731 67.0653
2012-10-31 1992336 133720013.779 67.1172
2012-09-30 2667873 175721589.443 65.8658
2012-08-31 2830212 179652235.039 63.4766
2012-07-31 1637654 100945156.325 61.6401
2012-06-30 2594883 173996765.705 67.0538
2012-05-31 5088243 382140278.732 75.1026

Friction Factor

 

Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. It shows us how many more shares of buying than selling it takes to move a stock higher by 1 cent, or how many more shares of selling than buying it takes to drop a stock by 1 cent.
Here is how to understand Friction Factor:

  • If Friction Factor is positive, more buying than selling caused SPW's price to rise
  • If Friction Factor is negative, more selling than buying caused SPW's price to fall
  • If Friction Factor is 0, there was no discernable activity either way
  • If Friction Factor is abnormal, it means that more buying than selling caused the price to drop which is evidence of manipulative activity. In some cases more selling than buying can cause the price to increase. While this is rare, it must be noted as well. Friction Factor raw data.

Date Change Buy Vol Sell Vol Net Vol Friction
2013-12-13 0.05 75291 119989 -44698 Bullish Bias
2013-12-12 -0.34 52062 80580 -28518 -838.7647059
2013-12-11 -1.44 30100 39402 -9302 -64.59722222
2013-12-10 -0.37 31103 25870 5233 Bearish Bias
2013-12-09 -0.01 45250 33379 11871 Bearish Bias
2013-12-06 1.65 51906 58910 -7004 Bullish Bias
2013-12-05 0.19 166944 113412 53532 2817.473684
2013-12-04 0.58 81402 78839 2563 44.18965517
2013-12-03 0.13 25499 36312 -10813 Bullish Bias
2013-12-02 -1.71 51271 75511 -24240 -141.754386
2013-11-29 0.76 40752 61266 -20514 Bullish Bias
2013-11-27 -0.43 25795 42652 -16857 -392.0232558
2013-11-26 0.29 42342 75784 -33442 Bullish Bias
2013-11-25 0.34 33318 55930 -22612 Bullish Bias
2013-11-22 -0.07 95572 69366 26206 Bearish Bias
2013-11-21 1.46 106229 76789 29440 201.6438356
2013-11-20 -1.0 81236 133638 -52402 -524.02
2013-11-19 -0.9 66468 92157 -25689 -285.4333333
2013-11-18 -2.34 114337 76373 37964 Bearish Bias
2013-11-15 0.87 56228 82912 -26684 Bullish Bias

Valuation

 

Value is a measure of a stock's current worth. SPW has a current value of 67.36 per share. Therefore, it is overvalued compared to its Price of $106.92 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease.

General Results

 

Past success in predictions regarding all predictions on the WealthMakers platform.

Our prediction engine has a track record that is second to none. See for our results.

Read Type Avg Return Avg Maturity Days Hits Misses % Accurate
Insider 15.14 73.22 9094 472 95.07%
SqueezeTrigger 12.746 22.38 7780 471 94.29%
Group Correlation 7.358 15.0 1309 86 93.84%
Valuation 14.484 26.96 4201 302 93.29%
Seasonality 7.455 15.2 42634 4138 91.15%
PatternScan 8.448 11.36 133678 19298 87.38%
Events 6.937 11.19 3396 544 86.19%
GATS 5.386 7.94 45118 8572 84.03%
Earnings 8.677 10.28 21694 4355 83.28%
Naked Shorts 14.525 10.84 2232 589 79.12%
Friction Factor 7.506 3.63 5606 1607 77.72%

About Wealthmakers

WealthMakers gives institutional and individual investors an exclusive advantage in making precise, predictive and profitable trading decisions. Our proprietary technologies — Earnings, Seasonality, Squeeze Trigger, Group Sector and GATS — apply artificial intelligence, proprietary algorithms, market data and research to help our clients realize exponential returns. Find out more at WealthMakers.com.

All material herein was prepared by WealthMakers, based upon information believed to be reliable. The information contained herein is not guaranteed by WealthMakers to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. WealthMakers is not a registered investment advisor in the State of California. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. WealthMakers or its affiliates may receive compensation from independent third parties, or from the companies mentioned, for data provided in this report or related services. WealthMakers affiliates, officers, directors and employees do not own shares of the company mentioned in this report, but may from time to time buy/sell the shares discussed in this opinion and may profit from those trades. Market commentary provided by Thomas Ronk, a registered investment advisor and commodities trading advisor in California. WealthMakers will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment.

All Rights Reserved. Copyright 2011 WealthMakers

Overview
Last Price$106.92
52 Week Range$73.15 - $111.47
1 Month Range$105.65 - $111.47
Avg Daily Volume287675.0
PE Ratio9.57
 
Earnings Per Share
YearEPS
2014(E)$11.447
 
Capitalization
Shares Outstanding43MM
Market Capitalization$4873.00MM
 
 

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