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Looking for the best stocks in 2017,

Gain insight from 2016

Successful investors know picking stock market winners starts by


studying leaders of the past and identify common characteristics
that preceded their big moves. Top Stocks 2016 focuses on stocks
with the highest percentage gain during the calendar year.

Top Stocks 2016 includes:

• Over 60 color stock graphs with price/volume activity and


fundamental data as of 12/31/16

• Enhanced view of technical action, provided by MarketSmith’s


Pattern Recognition software

• Select stock charts annotated by MarketSmith product


coaches illustrate key observations

Order your copy of Top Stocks 2016 today.


Go to Marketsmith.investors.com/TS2016 or call us at (800)-831-2525
Stock Guide Winter 2017
This past year has given investors quite a ride. In January the Dow had a particularly
dismal 10-day trading period marking one of its worst starts in history. The markets
fought to recover and by mid-summer began a new uptrend. A move to new highs as
the year came to a close was miraculous.

A post-analysis of 2016 is important as investors look to refine and update their


trading strategies. In January with oil prices falling and a fear of rising interest
rates, investors sought the safety of gold and mining stocks. As the economic news
settled down, summer brought us some IPOs with sizeable winning moves. After
November’s election surprise, construction and banking stocks began strong moves
to help drive the markets to new highs. Despite different flashpoints throughout the
year, there were tradable rallies that could be identified using sector rotation.

Our Winter 2017 Stock Guide provides a checklist for your investing post-analysis,
illustrates how looking at sector rotation this past year pointed to winning stocks,
and discusses the importance of locking-in gains on the upside, while a stock is still
advancing. The stock screens provide comprehensive lists of the top stocks and
industries of 2016.

There are numerous opportunities in the market every year to capture profits from
winning stocks. Only by understanding the ones that got away and staying up-to-date
with current market action can you ensure you’ll capture the next big winner.

As always, if you have any questions or comments about MarketSmith or your


investing research, please contact a MarketSmith product coach at (800) 831-2525.
We look forward to hearing from you.

Best Returns,

The MarketSmith Team


Table of Contents

Market Charts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

MarketSmith Education Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Winter 2017 Screens*

2016’s Top Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Teck Resources Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . (TECK) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

United States Steel Corp . . . . . . . . . . . . . . . . . . . . . . . (X) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

The Chemours Company . . . . . . . . . . . . . . . . . . . . . . . (CC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Clayton Williams Energy . . . . . . . . . . . . . . . . . . . . . . . (CWEI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Navistar Intl Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (NAV) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Nvidia Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (NVDA). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

2016’s Top Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Pan American Silver Corp . . . . . . . . . . . . . . . . . . . . . . (PAAS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Consol Energy Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . (CNX) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Joy Global Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (JOY) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Barrick Gold Corporation . . . . . . . . . . . . . . . . . . . . . . . (ABX) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Mastec Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (MTZ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Finisar Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . (FNSR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

2016’s Future Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Charles Schwab Corp . . . . . . . . . . . . . . . . . . . . . . . . . (SCHW) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Semtech Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . (SMTC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Callon Petroleum Co . . . . . . . . . . . . . . . . . . . . . . . . . . (CPE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Inphi Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (IPHI) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Lifelock Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (LOCK) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Align Technology Inc . . . . . . . . . . . . . . . . . . . . . . . . . . (ALGN) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Stock Guide Legend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

*All screen results are computer-generated and were run on December 30, 2016.
Market Charts
S & P 500 INDEX
CLOSE 2238.83

2277.53
2280

2230

2193.81

2180

2120.55 2130
2111.05
2119.12
2081.56
2080
2083.79
200 DAY
MOVING
AVERAGE 2030
2025.91

1991.68 1980
50 DAY
MOVING
AVERAGE 1930

1880

1830

1812.291810.10
DAILY VOLUME AND 50-DAY AVERAGE DAILY VOLUME LINE
2.3 B

1.4 B

800 M

450 M

1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30

JAN 2016 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

NASDAQ COMPOSITE
CLOSE 5383.12

5550

5450

5342.88
5350

5250

5116.99 5150
50 DAY
5097.80
MOVING 5050
4969.32 4980.14 AVERAGE 5034.41
4950

200 DAY
MOVING 4850
AVERAGE
4750

4678.38 4650

4574.25 4550

4450

4350

4250

DAILY VOLUME AND 50-DAY AVERAGE DAILY VOLUME LINE


4209.76
3.3 B

1.9 B

1.2 B

600 M

1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30

JAN 2016 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
4
MarketSmith Education Tips

Post-Analysis Focus
1. To begin your post-analysis, review the charts of the stocks you owned and mark
up the technical action like chart patterns, pivot points, moving averages, volume
clues, etc.

• Remember hindsight is 20/20 and it should be much easier this time around
to pick out buy points and sell signals.

• If you have Pattern Recognition enabled, check to see if the program


identifies the patterns the same way you did.

2. Next mark down where you bought and sold shares.

3. Examine entry points and sell signals that you missed and create rules or
procedures in your research routine to address those entries.

4. Review any improper entry points you made and try to trace whether the source
of that mistake due to:
• Improper market timing

• Improper chart analysis

• A psychological mistake/failure to follow rules

5. Finally take note of anywhere you sold improperly including those listed below:

• Not cutting losses short

• Selling too soon (based on fear rather than sell rules)

• Not taking profits at upside profit targets

• Ignoring defensive sell signals after the stock has already run up

If you are noticing the same mistakes on several of your stocks, adjust your buy, sell
and portfolio management rules accordingly. This process is much easier if you have
maintained notes on your transactions throughout the year. To ensure a beneficial post-
analysis, try to make it a habit to record thoughts and observations using MarketSmith’s
chart markups or the journal feature each time you make a trade.

marketsmith.com Winter 2017


MarketSmith Education Tips 5

Looking at Sector Rotation in 2016


Using a post-analysis lets investors see how they could have capitalized on the trends
of the year. Looking at Industry and Sector rotation throughout the year helps clarify
where the top stocks of 2016 originated. (For more information on using MarketSmith to
identify sector rotation, see the Spring 2016 edition of Stock Guide.)

Despite the year’s volatility, tradable rallies emerged in conjunction with rotating industry
groups. Institutions focus on longer-term trends, as opposed to shorter-term fads, allow-
ing investors to track which industries are benefiting from institutional money.

Safety in Gold and Mining


Early in the year as global market volatility sparked investors’ fear, gold stocks emerged
and became the flight to safety. Additionally, the mining industry group quickly moved
into favor, its ranking moved from 151 to 13 within the first five weeks of January.

Agnico Eagle Mines Ltd (AEM) NYSE Mining-Gold/Silver/Gems


www.agnicoeagle.com Market Capitaliz ation $9340.1 Million +0.13
Options Yes Shares in Float 222.1 Million +0.31% $42.13
Short Interest 2.4 days +1% Shares Outstanding 224.3 Million Volume 482,500 -79%
HEADQUARTERS: Toronto, ON PHONE: 416-947-1212 50-Day Avg Volume 2,044,100
CANADIAN COMPANY ENGAGED IN THE PRODUCTION, DEVELOPMENT AND EXPLORATION OF GOLD IN CANADA, U.S., FINLAND AND MEXICO.
Off 52-Week High -29.9%
07/27/16 Expects 2016 capital expenditures of about $491 mil 52-Week Hi-Lo $60.10-$25.91
Year EPS Price($) EPS Rating 73 +21% from Pivot in 4Price
8 we e ks
Scale
(Dec) (C$) High Low Group RS Rating 2 S&P 500
2009 0.69 74 42 SMR Rating C 180
Acc/Dis Rating D- 160
2010 1.76 88 49
2011 1.97 77 34 Composite Rating 35 140
Timeliness Rating C
2012 2.17 57 31 120
Sponsorship Rating E
2013 -1.00 53 23
EPS Growth Rate N/A 100
2014 0.87 42 21
2015 0.43 34 21 Earnings Stability N/A
80
2016 0.62 est. 44% P/E Ratio 76 (4.0 X SP)
2017 0.88 est. 42% 5-Year P/E Range 15-112
Return on Equity 2% 60
Yield 1.0%
ExDiv 11/29/16 Cash Flow $3.22 50
Book Value x2.28 Debt 27% Ownership
Inventory T/O 4.37X R&D 5.6% Mgmt 0% 40
U/D Vol Ratio 0.8 Alpha 0.23 Banks 2% 34
New CEO 02/1998 Beta -0.22 Funds 50% 30
RS Ra ting
Top RS in Grp Symbol RS EPS Rtg No. of Funds 26
42
Buenavntura BVN 88 52 Dec-15 849 23
PanAmSlvr PAAS 83 79 Mar-16 954 20
OJSC Polyus OPYGY 80 50 18
16
BarrickGld ABX 74 72 Jun-16 992
Sep-16↑ 1040 14
Newmont ↑ NEM
↑ ↑ 72 ↑ 57 ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑

Quarterly EPS(C$)
EPS EPS %Chg
EPS Sales(C$Mil)
EPS EPS % ChgEPS
EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS
12
+34% -15% +31% -9% -47% N/A -55% N/A +74% +999% -94% +105% -72% -68% +800% -75% -20% +78% +39%
Dec-14 0.08 #+105% 503.1 +15%
Volume
Mar-15 0.15 -72% 483.6 -2%
12,200,000
Jun-15 0.09 -68% 510.1 +16%
5,290,000
Sep-15 0.18 +800% 508.8 +10%
2,300,000
Dec-15 0.02 -75% 482.9 -4%
Mar-16 0.12 -20% 490.5 +1% 999,000

Jun-16 0.16 +78% 537.6 +5%


Ma r 12 Jun 120.25
Sep-16 Se p 12+39%
De c 12 Ma r 13610.9
Jun 13 Se p 13
+20%De c 13 Ma r 14 Jun 14 Se p 14 De c 14 Ma r 15 Jun 15 Se p 15 De c 15 Ma r 16 Jun 16 Se p 16 De c 16 Ma r 17 Jun 17 Se p 17
Real-time prices by BATS ®. Volume delayed. Owners hip and Es timate data provided by Thoms on Reuters . Real-time quote and/or trade prices are not s
© 2016 MarketSmith, Incorporated. 01.03.2017
ourced from all markets . reachus @marketsmith.com

Winter 2017 marketsmith.com


6
MarketSmith Education Tips

Optimism in IPOs
During the summer rally, initial public offerings (IPO) had their brief moment in the sun
as names like Acacia and Twilio surged to new highs. However, optimism in new names
quickly soured after the companies introduced more shares into the market indicating
insiders were cashing out of the stock.

Twilio Inc Cl A (TWLO) NYSE Computer Sftwr-Enterprse


www.twilio.com Market Capitaliz ation $2.39 Bil -1.17
Options Yes Shares in Float 34.1 Million -4.06% $27.68
Short Interest 1.7 days +31% Shares Outstanding 87.1 Mil(34.4 Mil) Volume 3,111,100 -49%
HEADQUARTERS: San Francisco, CA PHONE: 415-390-2337 IPO 6/23/2016 50-Day Avg Volume 5,608,300
PROVIDES A CLOUD-BASED PLATFORM THAT ENABLES DEVELOPERS TO B UILD, SCALE AND OPERATE REAL-TIME COMMUNICATIONS
Off 52-Week High -61.0%
11/03/16 Expects 2016 non-GAAP loss of $0.23 to $0.21 per share on revenues of $268.0 mil to $270.0 mil 52-Week Hi-Lo $70.96-$23.66
Year EPS Price($) EPS Rating 38 Price
Scale
(Dec) ($) High Low Group RS Rating 57 180
2009 SMR Rating D 160
2010 Acc/Dis Rating D+ S&P 500
140
2011 Composite Rating 18
Timeliness Rating C 120
2012
Sponsorship Rating C
2013 -0.32 100
2014 -0.32 EPS Growth Rate N/A
2015 -0.35 Earnings Stability N/A 80
P/E Ratio N/A 48%
2016 -0.22 est. N/A
2017 -0.10 est. N/A 5-Year P/E Range N/A
60
Return on Equity [N/A]
Yield NONE
Cash Flow $-0.72 50
ExDiv N/A
Book Value x21.55 Debt N/A Ownership
40
Inventory T/O N/A R&D 25.5% Mgmt 1%
U/D Vol Ratio 0.6 Alpha 0.06 Banks 0% 34
New CEO N/A Beta 1.08 Funds 10% 30

Top RS in Grp Symbol RS EPS Rtg No. of Funds 26

Intralks Hdg I IL 96 72 23
Dec-15 N/A
↑ ↑ RS Ra ting
20
Wix.com WIX 96 52 7
Sep-15 N/A Ipo $1 5.00 PO
18
QAD Inc A QADA 93 28
16

QAD I B QADB 91 29 Jun-16 85 PPO 14
AspenTech AZPN 88 84 ↑
Sep-16↑ 101
↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑
12
Quarterly EPS($) %Chg Sales($Mil)
EPS % ChgEPS
EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Dec-14 -0.10 N/A 27.7 +122%
Volume
Mar-15 -0.10 N/A 33.4 +90%
30,500,000
Jun-15 -0.09 N/A 38.0 +89%
16,800,000
Sep-15 -0.06 N/A 44.3 +88%
9,250,000
Dec-15 -0.10 N/A 51.3 +85%
Mar-16 -0.08 N/A 59.3 +78% 5,090,000

Jun-16 -0.07 N/A 64.5 +70%


Ma r 12 Jun 12
Sep-16 Se p 12 De
-0.04 N/Ac 12 Ma r 13 71.5
Jun 13 Se p 13
+62%De c 13 Ma r 14 Jun 14 Se p 14 De c 14 Ma r 15 Jun 15 Se p 15 De c 15 Ma r 16 Jun 16 Se p 16 De c 16 Ma r 17 Jun 17 Se p 17
Real-time prices by BATS ®. Volume delayed. Owners hip and Es timate data provided by Thoms on Reuters. Real-time quote and/or trade prices are not s ourced from all markets . reachus 01.03.2017
© 2016 MarketSmith, Incorporated. @markets mith.com

Acacia Communications (ACIA) NASDAQ Telecom-Fiber Optics


www.acacia-inc.com Market Capitaliz ation $2324.2 Million +0.51
Options Yes Shares in Float 10.1 Million +0.83% $62.26
Short Interest 2.7 days +53% Shares Outstanding 37.4 Million Volume 287,800 -85%
HEADQUARTERS: Maynard, MA PHONE: 978-938-4896 IPO 5/13/2016 50-Day Avg Volume 1,709,500
DEVELOPS HIGH-SPEED INTERCONNECT MODULES FOR CLOUD INFRASTRU CTURE OPERATORS AND COMMUNICATION SERVICE PROVIDERS. Off 52-Week High -51.6%
11/10/16 Expects Q4 2016 non-GAAP earnings of $0.85 to $0.92 per diluted share on revenues of $136.0 mil to $141.0 mil 52-Week Hi-Lo $128.73-$27.05
Year EPS Price($) EPS Rating 99 Price
+4 4 % from Pivot in 30 we e ks
Scale
(Dec) ($) High Low Group RS Rating 82
2009 SMR Rating A 260
2010 Acc/Dis Rating D- S&P 500 230
2011 Composite Rating 93
Timeliness Rating B 200
2012 180
Sponsorship Rating C
2013 0.03 160
2014 0.40 EPS Growth Rate 234%
140
2015 0.90 Earnings Stability 37
120
2016 3.17 est. 252% P/E Ratio 24 (1.3 X SP)
2017 3.58 est. 13% 5-Year P/E Range 15-50 100
Return on Equity 56%
Yield NONE
80
ExDiv N/A Cash Flow $0.99
Book Value x29.33 Debt 4% Ownership
Inventory T/O 11.14X R&D 16.2% Mgmt 13% 60
U/D Vol Ratio 0.5 Alpha 0.49 Banks 0%
50
New CEO N/A Beta 1.09 Funds 27%
Top RS in Grp Symbol RS EPS Rtg No. of Funds RS Ra ting
40
89
Finisar FNSR 95 91 Dec-15 N/A
↑ ↑ 34
AppliedOptlc AAOI 93 56
Sep-15 N/A Ipo $2 3.00 PO 30
Lumentum LITE 89 99
26
↑ -
Clearfield CLFD 82 80 Jun-16 145 PPO
23
LumosNtwks LMOS 80 8 Sep-16↑ 159
↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ 20
Quarterly EPS($) %Chg Sales($Mil)
EPS % ChgEPS
EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS EPS Barrons EPS
EPS 18
N/A N/A N/A N/A +999% +999% +999% +700% +27% +55% +136% +313% +193% +376% +288%
Dec-14 0.08 +700% 41.0 +111%
Volume
Mar-15 0.14 +27% 47.2 +73%
7,800,000
Jun-15 0.17 +55% 57.9 +86%
3,330,000
Sep-15 0.26 +136% 65.4 +40%
1,420,000
Dec-15 0.33 +313% 68.6 +67%
Mar-16 0.41 +193% 84.5 +79% 607,000

Jun-16 0.81 +376% 116.2 +101%


Ma r 12 Jun 121.01
Sep-16 Se p 12 De c 12 Ma r 13135.3
+288% Jun 13 Se+107%
p 13 De c 13 Ma r 14 Jun 14 Se p 14 De c 14 Ma r 15 Jun 15 Se p 15 De c 15 Ma r 16 Jun 16 Se p 16 De c 16 Ma r 17 Jun 17 Se p 17
Real-time prices by BATS ®. Volume delayed. Owners hip and Es timate data provided by Thoms on Reuters . Real-time quote and/or trade prices are not s ourced from all markets . reachus 01.03.2017
© 2016 MarketSmith, Incorporated. @markets mith.com

marketsmith.com Winter 2017


MarketSmith Education Tips 7

Semi-Conductors Showed Strength


The semi-conductor fabless industry group has remained in the top 40 rankings for over
five months, indicating a trend focused on forecasted improved earnings growth. But,
contrary to most investing opinions, leadership isn’t determined by market capitalization,
it is determined by earnings power and relative price strength. Potential big winners will
have a strong combination of both fundamental and technical factors.

The IBD Composite Rating combines fundamental and technical metrics together to
provide a blended perspective of the company’s strengths. Using the Composite Rating,
Nvidia and Inphi are the top two companies within the semi-conductor fabless group.

Nvidia Corp (NVDA) NASDAQ Elec-Semicondctor Fablss


www.nvidia.com Market Capitaliz ation $55.95 Billion -3.03
Options Yes Shares in Float 506.7 Million -2.84% $103.71
Short Interest 4.3 days -16% Shares Outstanding 539.0 Million Volume 10,838,000 -46%
HEADQUARTERS: Santa Clara, CA PHONE: 408-486-2000 IPO 1/22/1999 50-Day Avg Volume 16,722,100
DESIGNS GRAPHIC PROCESSING UNITS USED IN PERSONAL COMPUTERS, WORKSTATIONS, GAME CONSOLES AND MOBILE DEVICES.
Off 52-Week High -13.5%
11/10/16 Expects Q4 FY17 revenues of about $2.10 bil plus or minus two percent 52-Week Hi-Lo $119.93-$24.75
Year EPS Price($) EPS Rating 96 Price
+63% from Pivot in 16 we e ks
Scale
(Jan) ($) High Low Group RS Rating 95 S&P 500
2010 0.27 18 8 SMR Rating A 230

2011 0.81 26 11 Acc/Dis Rating A 200


2012 1.19 16 11 Composite Rating 99 180
Timeliness Rating A 160
2013 1.17 16 11
Sponsorship Rating B 140
2014 0.99 21 15
2015 1.42 33 18 EPS Growth Rate 14%
120
2016 1.67 119 24 Earnings Stability 14
100
2017 2.42 est. 45% P/E Ratio 44 (2.3 X SP)
2018 2.70 est. 12% 5-Year P/E Range 10-49
80
Return on Equity 21%
Yield 0.5%
ExDiv 11/23/16 Cash Flow $2.09
60
Book Value x12.87 Debt N/A Ownership RS Ra ting
Inventory T/O 11.12X R&D 26.6% Mgmt 6% 99 50
U/D Vol Ratio 1.6 Alpha 0.44 Banks 1%
New CEO N/A Beta 1.33 Funds 55% 40
Top RS in Grp Symbol RS EPS Rtg No. of Funds 34
AdvaMcrDv AMD 99 68 Dec-15 1405 30
Invensense INVN 97 17 26
Mar-16 1483
+
AlphaOmg AOSL 95 79 23
- - - - - - - - - - - - - - - - - 20
Exar EXAR 94 75 Jun-16 1631
Sep-16 ↑ 1740↑ 18
Cirrus ↑ ↑ CRUS↑ ↑92
↑ ↑ 77 ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑ ↑↑ ↑ ↑↑ ↑ ↑ ↑↑ 16
Quarterly
EPS EPS($)
EPS EPS %Chg
Div
EPS Sales($Mil)
EPS EPS % Chg Div
EPS EPS EPS EPS EPS EPS EPS EPS EPS Div
EPS EPS Div
EPS Barrons Div
EPS EPS
+8% -41% -16% Initl
+11% +35% +13% -15% Incr
-33% -9% +61% +30% +50% +34% +14% +13% Incr
+18% +21% Incr
+39% +56% Incr
+104%
Jan-15 0.43 +34% 1250.5 +9%
Volume
Apr-15 0.33 +14% 1151.0 +4%
93,200,000
Jul-15 0.34 +13% 1153.0 +5%
50,500,000
Oct-15 0.46 +18% 1305.0 +6%
27,300,000
Jan-16 0.52 +21% 1401.0 +12%
Apr-16 0.46 +39% 1305.0 +13% 14,800,000

Jul-16 0.53 +56% 1428.0 +24%


Ma r 12 Jun 120.94
Oct-16 Se p 12 De c 12 Ma r 13
+104% Jun 13 Se p 13
2004.0 +54%De c 13 Ma r 14 Jun 14 Se p 14 De c 14 Ma r 15 Jun 15 Se p 15 De c 15 Ma r 16 Jun 16 Se p 16 De c 16 Ma r 17 Jun 17 Se p 17
Real-time prices by BATS ®. Volume delayed. Owners hip and Es timate data provided by Thoms on Reuters . Real-time quote and/or trade prices are not s
© 2016 MarketSmith, Incorporated. 01.03.2017
ourced from all markets . reachus @marketsmith.com

Winter 2017 marketsmith.com


8

Winter 2017 Screens:

2016’s Top Stocks


Identifies stocks with the largest price gains this past year

History often repeats itself in the stock market. Leading stocks tend to have some

common fundamental and technical characteristics. Studying those common

characteristics will train you to recognize leading stocks before they make big moves.

Company Name (Symbol) Industry Group % Chg YTD Page

Teck Resources Ltd (TECK) Mining-Metal Ores 426% 9

United States Steel Corp (X) Steel-Producers 337% 9

The Chemours Company (CC) Chemicals-Specialty 317% 10

Clayton Williams Energy (CWEI) Oil&Gas-U S Expl&Prod 315% 10

Navistar Intl Corp (NAV) Trucks & Parts-Hvy Duty 259% 11

Nvidia Corp (NVDA) Elec-Semicondctor Fablss 238% 11

Visit marketsmith.com/learn/stockguide to load the criteria for this and


other Stock Guide screens directly into your MarketSmith screener.

All screen results are computer-generated and were run on December 30, 2016.
This screen can also be found in the community section of marketsmith.com.

marketsmith.com Winter 2017


2016’s Top Stocks 9
TECK RESOURCES LTD(TECK) NYSE 567.1 SHRS / 561.4 FLT / AVG VOL 6.52MIL $20.03(OH -24%)
MINING-METAL ORES teck.com
CANADIAN MINER OF COAL, COPPER, ZINC, MOLYBDENUM, GOLD AND L 11/16 TO ACQUIRE AQM COPPER INC, FOR C$0.23 PER COMMON SHARE OR
EAD MAINLY IN CANADA, THE U.S., CHILE AND PERU. ABOUT C$25 MIL IN CASH.
SHORT INT 4.2 DAYS GROWTH RATE -48% DEBT 59% 0.71 X BK VALUE FUNDS 22%
OPTIONS ON AM/MS EARNINGS STAB 30 NEW CEO INVENTORY TO. 4.9X BANKS 2%
UP/DOWN 1.1 EPS RANK 36 TIMELINESS C R&D 1.5% MGMT 0%
EX-DIV 12/13 PE 81 (3.2XS&P) ACC/DIST D RET ON EQUITY 1% ALPHA 0.65
YIELD 0.4% 5 YR PE 5 - 159 SMR RATING E CASH FLOW $2.7 BETA 2.9
EARNINGS (DEC) HI LO GROUP REL STR 73 RS EPS COMPOSITE RATING 51
10$ 2.58 $ 62 28 CliffsNatR CLF 99 63
QTR 3 QTR 4 PRICE
25 NoDynMnrl NAK 99 47 SCALE
11 4.11 65
12 3.04 43 26 Vale SA VALEP 99 41
13 1.64 38 19 WestrnCopp WRN 99 27 26.60
14 0.67∆ 26 11 Anglo Amer NGLOY 98 55
15 0.24∆ 16 3
↑ QTR 2
16 1.27 EST+435%
17 3.89 EST+206% ↓
QTR 1

19.08
20

12.53

9.25 10

9.06
99

6.55

2.56
0
R S LINE VOLUME
VS SP500

6M

2.5 M

15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/11 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.02∆ VS 0.17 -88% 0.02∆ VS 0.09∆ -78% 0.01∆ VS 0.11∆ -91% 0.20∆ VS 0.04∆ +400%
SALES MIL. $ 1537 VS 1947 -21% 1312 VS 1594 -18% 1339 VS 1601 -16% 1753 VS 1567 +12%
DIVIDEND-PE $0.04 14X -- 6X N/A 28X -- 5X $0.04 53X -- 21X N/A 159X -- 50X

UNITED STATES STEEL CORP(X ) NYSE 172.5 SHRS / 169.0 FLT / AVG VOL 19.78MIL $33.01(OH -15%)
STEEL-PRODUCERS ussteel.com
MANUFACTURES FLAT-ROLLED AND TUBULAR STEEL PRODUCTS FOR THE
11/16 EXPECTS 2016 LOSS OF ABOUT OF $2.26 PER SHARE.
AUTOMOTIVE, CONTAINER, CONSTRUCTION AND APPLIANCE MARKETS.
SHORT INT 1.1 DAYS -10% GROWTH RATE DEBT 128% 2.43 X BK VALUE FUNDS 33%
OPTIONS ON AM/MS EARNINGS STAB NEW CEO INVENTORY TO. 5.1X BANKS 1%
UP/DOWN 1.6 EPS RANK 66 TIMELINESS B R&D N/A MGMT 1%
EX-DIV 11/8 PE ACC/DIST A RET ON EQUITY N/A ALPHA 0.54
YIELD 0.6% 5 YR PE 3 - 183 SMR RATING E CASH FLOW $1.96 BETA 2.8
EARNINGS (DEC) HI LO GROUP REL STR 97 RS EPS (C) COMPOSITE RATING 85
10$ -3.19∆ $ 70 36 Mechel Pao MTL 99 79
QTR 3 QTR 4 PRICE
18 AK Steel AKS 99 79 SCALE
11 -0.55∆ 64
12 1.59∆ 32 17 SunCokeErg SXCP 99 47
13 -0.77 30 15 GrupoSimec SIM 98 76 39.14 40
14 4.47 46 22 ComphSidrg SID 98 58
15 -1.79 27 6
↑ QTR 2
16 -1.94 EST
17 1.36 EST ↑
QTR 1

30
27.64

20.55 20.28
20

15.72 16.17
14.80
99
12.77
10

PPO
6.15 PO
+
O
0
R S LINE VOLUME
VS SP500 25 M
13 M

6M
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE*1/26 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ -0.23 VS 1.82 N/A -2.15 VS -0.07 N/A -0.31 VS -0.79 N/A 0.40 VS -0.70 #+157%
SALES MIL. $ 2572 VS 4072 -37% 2341 VS 3272 -28% 2584 VS 2900 -11% 2686 VS 2830 -5%
DIVIDEND-PE $0.05 52X -- 3X $0.05 32X -- 25X $0.05 N/A $0.05 N/A

Winter 2017 marketsmith.com


10 2016’s Top Stocks
THE CHEMOURS COMPANY(CC ) NYSE 181.8 SHRS / 180.0 FLT / AVG VOL 3.34MIL $22.09(OH -19%)
CHEMICALS-SPECIALTY chemours.com
MANUFACTURES PERFORMANCE CHEMICALS INCLUDING TITANIUM DIOXID 11/16 RAISED 2016 ADJUSTED EBITDA GUIDANCE TO $740 MIL TO $775
E, CHEMICAL SOLUTIONS AND FLUOROPRODUCTS. MIL.
SHORT INT 2.1 DAYS -25% GROWTH RATE -40% DEBT 3107% 30.32 X BK VALUE FUNDS 26%
OPTIONS ON EARNINGS STAB 23 NEW CEO 7/15 INVENTORY TO. 5.6X BANKS 1%
UP/DOWN 1.6 EPS RANK 72 TIMELINESS B R&D 1.7% MGMT 1%
EX-DIV 11/15 PE 23 (1.1XS&P) ACC/DIST C RET ON EQUITY 8% ALPHA 0.57
YIELD 0.6% 5 YR PE 2 - 19 SMR RATING D CASH FLOW $2.33 BETA 2.31
EARNINGS (DEC) HI LO GROUP REL STR 86 RS EPS COMPOSITE RATING 76
10$ 3.98 $ Hi-CrshPtn HCLP 99 20 PRICE
QTR 3 QTR 4
11 7.91 FairmontSa FMSA 99 10 SCALE
12 5.84 USSilica SLCA 99 9
13 2.34 Tronox TROX 98 39 27.29
14 2.42∆ KronosWrld KRO 98 30
15 0.81 15 4
↑ QTR 2
16 1.21 EST +49%
17 1.81 EST +50% ↑
QTR 1

21.77
20

14.41

10.83
9.95
10
99
7.84

7.52

5.82

3.06 + + +
O O O
0
VOLUME
R S LINE
VS SP500 8M
2.5 M

700 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/23 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.03 VS 0.50 -94% 0.06 VS 0.29 -79% 0.27 VS 0.09 +200% 0.61 VS 0.40 +52%
SALES MIL. $ 1360 VS 1549 -12% 1297 VS 1363 -5% 1383 VS 1508 -8% 1398 VS 1486 -6%
DIVIDEND-PE $0.03 7X -- 4X $0.03 10X -- 2X $0.03 19X -- 9X $0.03 18X -- 10X

CLAYTON WILLIAMS ENERGY(CWEI) NYSE 17.5 SHRS / 8.4 FLT / AVG VOL 439016 $119.26(OH -4%)
OIL&GAS-U S EXPL&PROD claytonwilliams.com
ENGAGED IN THE EXPLORATION AND PRODUCTION OF OIL AND NATURAL
10/16 NAMED PATRICK G. COOKE COO, EFFECTIVE OCTOBER 31, 2016.
GAS PRIMARILY IN TEXAS, LOUISIANA AND NEW MEXICO.
SHORT INT 4.8 DAYS -1% GROWTH RATE DEBT 250% 6.93 X BK VALUE FUNDS 9%
OPTIONS ON EARNINGS STAB NEW CEO INVENTORY TO. 6.3X BANKS 0%
UP/DOWN 1.4 EPS RANK 2 TIMELINESS C R&D 3.4% MGMT 27%
EX-DIV PE ACC/DIST B RET ON EQUITY N/A ALPHA 0.73
YIELD 5 YR PE 5 - 103 SMR RATING E CASH FLOW $7.55 BETA 2.02
EARNINGS (DEC) HI LO GROUP REL STR 91 RS EPS COMPOSITE RATING 55
10$ 3.04∆ $ 84 32 MidstatesP MPO 99 79
QTR 3 QTR 4 PRICE
34 ResoluteEn REN 99 59 SCALE
11 7.71∆ 109
12 2.89∆ 98 35 Unit UNT 99 32
13 3.03∆ 85 35 Abraxas AXAS 99 17 140
14 4.61 146 49 Penn VA PVAC 99 2
15 -5.81 73 28
↑ QTR 2
16 -10.37 EST
17 -4.42 EST ↓ 117.90 120
QTR 1

100

90.44
80

71.26
60
99

40
33.14

20.27 21.20
20
20.92
+ + + + + - + - - -
11.23 O O O O O O O O O O
9.60
6.35 0
R S LINE VOLUME
VS SP500
700 K
300 K

124 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 3/10 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ -1.82 VS 0.33 N/A -2.53 VS -1.68 N/A -2.82 VS -1.08 N/A -2.50 VS -1.23 N/A
SALES MIL. $ 40.4 VS 94.7 -57% 30.3 VS 64.1 -53% 42.2 VS 73.2 -42% 55.4 VS 54.6 +2%
DIVIDEND-PE N/A N/A N/A N/A N/A N/A N/A N/A

marketsmith.com Winter 2017


2016’s Top Stocks 11
NAVISTAR INTL CORP(NAV) NYSE 81.7 SHRS / 63.7 FLT / AVG VOL 710884 $31.37(OH -6%)
TRUCKS & PARTS-HVY DUTY navistar.com
MANUFACTURES MEDIUM AND HEAVY TRUCKS FOR THE GOVERNMENT, CON
12/16 REAFFIRMED FY17 REVENUES GUIDANCE OF ABOUT $8.111 BIL.
STRUCTION, ENERGY AND COMMERCIAL TRANSPORTATION MARKETS
SHORT INT 8.8 DAYS -4% GROWTH RATE DEBT -0.49 X BK VALUE FUNDS 34%
OPTIONS ON AM/MS EARNINGS STAB NEW CEO INVENTORY TO. 7.8X BANKS 0%
UP/DOWN 2.1 EPS RANK 22 TIMELINESS B R&D 3.0% MGMT 22%
EX-DIV PE ACC/DIST A RET ON EQUITY N/A ALPHA 0.5
YIELD 5 YR PE 6 - 52 SMR RATING CASH FLOW $2.02 BETA 2.67
EARNINGS (OCT) HI LO GROUP REL STR 93 RS EPS (C) COMPOSITE RATING 68
10$ ComVehicl CVGI 93 11 PRICE
QTR 3 QTR 4
30 OshkoshCp OSK 91 79 SCALE
11 5.66∆ $ 71
12 -13.08∆ 48 18 ChinYuchai CYD 89 46
40
13 -13.40∆ 41 20 Cummins CMI 81 42
14 -8.00∆ 40 29 MillerInd MLR 80 79
15 -2.29∆ 34 7
QTR 2
16 -1.19∆ 33 5
17 -1.19∆
18 0.18 EST ↓
QTR 1
30

24.04 26.25
23.45

20

16.39
15.77
14.29

99
10
10.80 10.30 10.41

5.78
-
O
0
VOLUME
R S LINE
VS SP500 4.5 M

1.5 M

500 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
*EPS DUE 3/8 QUARTER ENDED JAN 31,16 QUARTER ENDED APR 30,16 QUARTER ENDED JUL 31,16 QUARTER ENDED OCT 31,16
EARNINGS $ -0.40∆ VS -0.52∆ N/A 0.05∆ VS -0.78∆ #+106% -0.42∆ VS -0.37∆ N/A -0.42∆ VS -0.62∆ N/A
SALES MIL. $ 1765 VS 2421 -27% 2197 VS 2693 -18% 2086 VS 2538 -18% 2063 VS 2488 -17%
DIVIDEND-PE N/A N/A N/A N/A N/A N/A N/A N/A

NVIDIA CORP(NVDA) NASDAQ 539.0 SHRS / 506.7 FLT / AVG VOL 16.72MIL $106.74(OH -10%)
ELEC-SEMICONDCTOR FABLSS nvidia.com
DESIGNS GRAPHIC PROCESSING UNITS USED IN PERSONAL COMPUTERS, 11/16 EXPECTS Q4 FY17 REVENUES OF ABOUT $2.10 BIL PLUS OR MINUS
WORKSTATIONS, GAME CONSOLES AND MOBILE DEVICES. TWO PERCENT.
SHORT INT 4.8 DAYS -16% GROWTH RATE +14% DEBT 0% 12.24 X BK VALUE FUNDS 50%
OPTIONS ON AM/MS EARNINGS STAB 14 NEW CEO INVENTORY TO. 11.1X BANKS 2%
UP/DOWN 1.6 EPS RANK 96 TIMELINESS A R&D 26.6% MGMT 6%
EX-DIV 11/23 PE 44 (2.2XS&P) ACC/DIST A RET ON EQUITY 21% ALPHA 0.44
YIELD 0.6% 5 YR PE 10 - 37 SMR RATING A CASH FLOW $2.09 BETA 1.33
EARNINGS (JAN) HI LO GROUP REL STR 95 RS EPS (C) COMPOSITE RATING 99
10$ AdvaMcrDv AMD 99 68 PRICE
QTR 3 QTR 4
11 OnTrack OTIV 99 32 SCALE
11 0.81 $ 26
12 1.19 16 11 Invensense INVN 97 17
130
13 1.17 16 11 Quicklogic QUIK 96 21
14 0.99 21 15 AlphaOmg AOSL 95 79
15 1.42 33 18 120
QTR 2
16 1.67 119 24
17 1.67
18 2.42 EST +45% ↑ 110
QTR 1
100

90

80

70
63.50
60
57.31
50
99
37.46 44.57 40

DIV
34.40 DIV 30
INC INC
24.75
- - - - - - - - - - - - - - - - - - - - - - 20
O O O O O O O O O O O O O O O O O O O O O O
10
R S LINE
VOLUME
VS SP500 20 M

7M

2M
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/17 QUARTER ENDED JAN 31,16 QUARTER ENDED APR 30,16 QUARTER ENDED JUL 31,16 QUARTER ENDED OCT 31,16
EARNINGS $ 0.52 VS 0.43 +21% 0.46 VS 0.33 +39% 0.53 VS 0.34 +56% 0.94 VS 0.46 +104%
SALES MIL. $ 1401 VS 1250 +12% 1305 VS 1151 +13% 1428 VS 1153 +24% 2004 VS 1305 +54%
DIVIDEND-PE $0.12 22X -- 17X $0.12 23X -- 16X $0.12 32X -- 20X $0.12 37X -- 29X

Winter 2017 marketsmith.com


12

Winter 2017 Screens:

2016’s Top Industries


Finds stocks with the largest price gains in the top ten performing
industry groups

Identifying the most successful industry groups from last year will give you insight into

what themes are currently performing and creating demand among buyers. Review

the characteristics of these stocks and their particular industry groups and be better

prepared to identify the leadership in the coming year.

Company Name (Symbol) Industry Group % Chg YTD Page

Pan American Silver Corp (PAAS) Mining-Gold/Silver/Gems 141% 13

Consol Energy Inc (CNX) Energy-Coal 136% 13

Joy Global Inc (JOY) Machinery-Constr/Mining 122% 14

Barrick Gold Corporation (ABX) Mining-Gold/Silver/Gems 122% 14

Mastec Inc (MTZ) Bldg-Heavy Construction 120% 15

Finisar Corporation (FNSR) Telecom-Fiber Optics 112% 15

Visit marketsmith.com/learn/stockguide to load the criteria for this and


other Stock Guide screens directly into your MarketSmith screener.

All screen results are computer-generated and were run on December 30, 2016.
This screen can also be found in the community section of marketsmith.com.

marketsmith.com Winter 2017


2016’s Top Industries 13
PAN AMERICAN SILVER CORP(PAAS) NASDAQ 152.2 SHRS / 149.2 FLT / AVG VOL 2.65MIL $15.07(OH -30%)
MINING-GOLD/SILVER/GEMS panamericansilver.com
CANADIAN COMPANY ENGAGED IN THE EXPLORATION, AND DEVELOPMENT 12/16 ACQUIRED 10 MIL COMMON SHARES OF MAVERIX METALS, AN
OF SILVER AND OTHER MINERALS IN MEXICO ACQUIRING/HOLDING METAL STREAMS, FOR $0.546 PER COMMON SHARE.
SHORT INT 1 DAYS +0% GROWTH RATE DEBT 3% 1.84 X BK VALUE FUNDS 29%
OPTIONS ON AM/MS EARNINGS STAB NEW CEO 1/16 INVENTORY TO. 3.0X BANKS 1%
UP/DOWN 0.8 EPS RANK 79 TIMELINESS C R&D 1.8% MGMT 2%
EX-DIV 11/22 PE 56 (3.1XS&P) ACC/DIST E RET ON EQUITY N/A ALPHA 0.37
YIELD 0.3% 5 YR PE 6 - 26 SMR RATING D CASH FLOW $0.64 BETA 0.4
EARNINGS (DEC) HI LO GROUP REL STR 2 RS EPS COMPOSITE RATING 55
10$ 0.97 $ 41 20 GrtPanthrS GPL 98 33
QTR 3 QTR 4 PRICE
19 GoldStr GSS 98 10 SCALE
11 2.35 43
12 1.19 27 13 Drdgold rs DRD 96 27
25
13 -0.28 19 9 GoldStrdVe GSV 96 27
14 -0.14 15 8 VistaGld VGZ 96 11
15 -0.38 12 5
↓ QTR 2 21.59
16 0.52 EST
17 0.60 EST +15% ↓
QTR 1 20
18.37

16.49
17.01
15
15.03
14.32 14.05
13.80
13.40

10

7.18

5
5.38 83

0
R S LINE VOLUME
VS SP500 7.5 M

2.5 M

900 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/18 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ -0.12 VS -0.14 N/A 0.02 VS -0.13 #+115% 0.13 VS -0.07 #+286% 0.24 VS -0.06 #+500%
SALES MIL. $ 163.0 VS 163.1 0% 158.3 VS 178.1 -11% 192.3 VS 174.2 +10% 233.7 VS 159.4 +47%
DIVIDEND-PE $0.05 N/A $0.01 N/A $0.01 N/A $0.01 N/A

CONSOL ENERGY INC(CNX) NYSE 229.4 SHRS / 224.9 FLT / AVG VOL 4.13MIL $18.23(OH -18%)
ENERGY-COAL consolenergy.com
PRODUCES BITUMINOUS COAL AND COALBED METHANE GAS PRIMARILY I 8/16 SOLD MILLER CREEK AND FOLA MINE COMPLEXES IN SOUTHERN WEST
N THE NORTHERN AND CENTRAL APPALACHIAN AND ILLINOIS BASINS. VIRGINIA TO SOUTHEASTERN LAND LLC.
SHORT INT 8.2 DAYS -18% GROWTH RATE DEBT 58% 0.85 X BK VALUE FUNDS 49%
OPTIONS ON AM/MS EARNINGS STAB NEW CEO INVENTORY TO. 31.3X BANKS 0%
UP/DOWN 1.4 EPS RANK 37 TIMELINESS C R&D 0.3% MGMT 2%
EX-DIV 2/11 PE ACC/DIST B RET ON EQUITY N/A ALPHA 0.32
YIELD 0.2% 5 YR PE 10 - 1979 SMR RATING E CASH FLOW $2.18 BETA 2.5
EARNINGS (DEC) HI LO GROUP REL STR 99 RS EPS COMPOSITE RATING 63
10$ 2.22 $ 58 31 Westmrlnd WLB 99 50
QTR 3 QTR 4 PRICE
30 SuncokeEnr SXC 99 33 SCALE
11 3.04 56
12 0.73 39 26 NaturalRes NRP 99 30
25
13 0.53 39 26 CloudPeak CLD 99 25
14 0.93 48 31 CNX Coal CNXC 98 7
15 -0.65 34 6 22.34
↑ QTR 2
16 -0.46 EST
17 0.27 EST ↑ 20.66
19.62 19.76 20
QTR 1

16.40
15.94 17.13
16.14 15
15.41

12.41
12.62 12.87

9.73 10
9.66

92
5
4.54

- -
O O
0
R S LINE VOLUME
VS SP500
17.5 M

5.5 M

1.6 M
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 1/29 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ -0.39 VS 0.25 N/A -0.04 VS 0.26 N/A -0.22 VS -0.25 N/A -0.16 VS -0.26 N/A
SALES MIL. $ 761.9 VS 935.7 -19% 533.0 VS 760.9 -30% 285.8 VS 545.6 -48% 745.6 VS 720.9 +3%
DIVIDEND-PE $0.01 34X -- 25X $0.01 N/A N/A N/A N/A N/A

Winter 2017 marketsmith.com


14 2016’s Top Industries
JOY GLOBAL INC(JOY) NYSE 98.7 SHRS / 97.8 FLT / AVG VOL 1.07MIL $28.00(OH -1%)
MACHINERY-CONSTR/MINING joyglobal.com
MANUFACTURES CONTINUOUS MINERS, LONGWALL SHEARERS, ELECTRIC 7/16 TO BE ACQUIRED BY THE UNIT OF KOMATSU LTD, FOR $28.30 PER
SHOVELS AND BLASTHOLE DRILLS FOR METAL/MINERAL EXTRACTION. SHARE OR ABOUT $3.7 BIL IN CASH.
SHORT INT 7.5 DAYS -10% GROWTH RATE -44% DEBT 70% 2.00 X BK VALUE FUNDS 44%
OPTIONS ON AM/MS EARNINGS STAB 75 NEW CEO INVENTORY TO. 2.6X BANKS 7%
UP/DOWN 0.9 EPS RANK 4 TIMELINESS C R&D N/A MGMT 1%
EX-DIV 12/28 PE 215 (11.3XS&P) ACC/DIST B RET ON EQUITY 1% ALPHA 0.31
YIELD 0.1% 5 YR PE 4 - 72 SMR RATING E CASH FLOW $1.58 BETA 1.91
EARNINGS (OCT) HI LO GROUP REL STR 72 RS EPS COMPOSITE RATING 45
10$ Terex TEX 92 45 PRICE
QTR 3 QTR 4
57 AstecInd ASTE 87 88 SCALE
11 5.87 $ 103
12 7.48 96 47 Manitowoc MTW 87 29
13 5.85 69 47 CNH IndusN CNHI 82 76
14 3.46 65 44 Komatsu Lt KMTUY 79 21
15 1.96 47 10 30
QTR 2
16 0.14 28 8 28.55
17 0.14 28.00 28.18
18 0.43 EST+207% ↑
QTR 1 27.77 27.94
27.15
25
23.40
21.99

20
18.88
18.95

15
15.10
94
14.04

10

8.35
CO

5
R S LINE
VOLUME
VS SP500 6.5 M
1.9 M

500 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 3/3 QUARTER ENDED JAN 31,16 QUARTER ENDED APR 30,16 QUARTER ENDED JUL 31,16 QUARTER ENDED OCT 31,16
EARNINGS $ -0.23 VS 0.29 N/A 0.09 VS 0.64 -86% 0.10 VS 0.59 -83% 0.17 VS 0.43 -60%
SALES MIL. $ 526.3 VS 703.9 -25% 602.0 VS 810.5 -26% 586.6 VS 792.2 -26% 656.6 VS 865.6 -24%
DIVIDEND-PE $0.01 7X -- 4X $0.01 15X -- 5X $0.01 32X -- 11X $0.01 72X -- 31X

BARRICK GOLD CORPORATION(ABX) NYSE 1,165.4 SHRS / 1,153.8 FLT / AVG VOL 18.72MIL$15.98(OH -31%)
MINING-GOLD/SILVER/GEMS barrick.com
CANADIAN CO ENGAGED IN THE PRODUCTION OF GOLD AND COPPER IN 10/16 LOWERED 2016 CAPITAL EXPENDITURE GUIDANCE TO $1.20 BIL TO
CANADA, U.S., PERU, CHILE AND 8 OTHER COUNTRIES. $1.30 BIL.
SHORT INT 1 DAYS -22% GROWTH RATE -47% DEBT 136% 2.65 X BK VALUE FUNDS 34%
OPTIONS ON AM/MS EARNINGS STAB 42 NEW CEO INVENTORY TO. 4.1X BANKS 2%
UP/DOWN 0.8 EPS RANK 72 TIMELINESS C R&D 3.9% MGMT 0%
EX-DIV 11/28 PE 28 (1.5XS&P) ACC/DIST C RET ON EQUITY 4% ALPHA 0.38
YIELD 0.5% 5 YR PE 3 - 67 SMR RATING E CASH FLOW $1.82 BETA -0.64
EARNINGS (DEC) HI LO GROUP REL STR 2 RS EPS (C) COMPOSITE RATING 41
10$ 3.40 $ 55 33 GrtPanthrS GPL 98 33
QTR 3 QTR 4 PRICE
11 4.67 55 42 GoldStr GSS 98 10 SCALE
12 4.13 50 31 Drdgold rs DRD 96 27
13 2.51 36 13 GoldStrdVe GSV 96 27
14 0.68 21 10 VistaGld VGZ 96 11
15 0.30 13 5 25
↓ QTR 2
16 0.69 EST+130% 23.47
17 0.87 EST +26% ↓ 22.94
QTR 1

19.73 20
19.19 18.95
19.53

15.52 16.75
16.24 15
15.30
13.95 13.81
13.04

10

5
74

0
R S LINE
VS SP500
VOLUME

13 M

7M
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/17 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.08 VS 0.15 -47% 0.11 VS 0.05 +120% 0.14 VS 0.05 +180% 0.24 VS 0.11 +118%
SALES MIL. $ 2238 VS 2510 -11% 1930 VS 2245 -14% 2012 VS 2231 -10% 2297 VS 2315 -1%
DIVIDEND-PE $0.02 23X -- 14X $0.02 54X -- 21X $0.02 61X -- 45X $0.02 67X -- 38X

marketsmith.com Winter 2017


2016’s Top Industries 15
MASTEC INC(MTZ) NYSE 82.4 SHRS / 62.6 FLT / AVG VOL 791192 $38.25(OH -6%)
BLDG-HEAVY CONSTRUCTION mastec.com
PROVIDES BUILDING, INSTALLATION AND MAINTENANCE SERVICES FOR 11/16 RAISED 2016 ADJUSTED EARNINGS GUIDANCE TO ABOUT $1.73 PER
COMMUNICATIONS, UTILITY AND GOVERNMENT INFRASTRUCTURE. DILUTED SHARE ON REVENUES OF ABOUT $5.1 BIL.
SHORT INT 4.8 DAYS +24% GROWTH RATE -6% DEBT 101% 3.17 X BK VALUE FUNDS 34%
OPTIONS ON AM/NY EARNINGS STAB 40 NEW CEO INVENTORY TO. 41.4X BANKS 1%
UP/DOWN 1.4 EPS RANK 81 TIMELINESS A R&D N/A MGMT 18%
EX-DIV PE 28 (1.4XS&P) ACC/DIST A RET ON EQUITY 5% ALPHA 0.27
YIELD 5 YR PE 10 - 43 SMR RATING C CASH FLOW $2.76 BETA 1.77
EARNINGS (DEC) HI LO GROUP REL STR 92 RS EPS (C) (W) COMPOSITE RATING 96
10$ 1.05 $ 15 9 WilldanGrp WLDN 99 98
QTR 3 QTR 4 PRICE
11 0.96 23 13 Goldfield GV 99 71 SCALE
12 1.53 24 12 ENGlobal ENG 99 49
13 1.90 35 24 Orion Grp ORN 98 66
14 1.57 44 18 Argan n AGX 97 98 40.90
15 0.64 23 14
QTR 2
40
16 1.74 EST+172% ↑
17 2.08 EST +20% ↑
QTR 1

31.15
30.20
30

25.00 26.75 27.10


24.67
23.88

97
20.86 20
20.38

16.11

- - -
12.44
O O O
10
R S LINE VOLUME
VS SP500 1.4 M
600 K

250 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/25 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.20 VS 0.38 -47% 0.02 VS 0.07 -71% 0.36 VS 0.10 +260% 0.81 VS 0.26 +212%
SALES MIL. $ 1027 VS 1231 -17% 974.2 VS 1003 -3% 1232 VS 1066 +16% 1586 VS 1111 +43%
DIVIDEND-PE N/A 26X -- 13X N/A 33X -- 15X N/A 43X -- 30X N/A 43X -- 28X

FINISAR CORPORATION(FNSR) NASDAQ 110.7 SHRS / 108.5 FLT / AVG VOL 2.18MIL $30.27(OH -17%)
TELECOM-FIBER OPTICS finisar.com
MANUFACTURES TRANSMITTERS, RECEIVERS, TRANSCEIVERS AND TRANS 12/16 EXPECTS Q3 FY17 NON-GAAP EARNINGS OF ABOUT $0.58 TO $0.64
PONDERS TO CONNECT LAN AND WAN NETWORKS. PER DILUTED SHARE ON REVENUES OF $378 MIL TO $398 MIL.
SHORT INT 2.3 DAYS -56% GROWTH RATE +7% DEBT 20% 2.77 X BK VALUE FUNDS 55%
OPTIONS ON AM/MS EARNINGS STAB 27 NEW CEO 9/15 INVENTORY TO. 4.5X BANKS 0%
UP/DOWN 0.8 EPS RANK 91 TIMELINESS B R&D 16.1% MGMT 1%
EX-DIV PE 20 (1.0XS&P) ACC/DIST E RET ON EQUITY 10% ALPHA 0.26
YIELD 5 YR PE 9 - 36 SMR RATING C CASH FLOW $1.91 BETA 1.36
EARNINGS (APR) HI LO GROUP REL STR 82 RS EPS (C) (W) COMPOSITE RATING 88
10$ Oclaro OCLR 97 79 PRICE
QTR 3 QTR 4
11 1.55 $ 46 12 AppliedOpt AAOI 93 56 SCALE
12 0.87 23 10 Lumentum LITE 89 99
36.85
13 0.64 26 12 AcaciaComm ACIA 89 99
14 1.53 28 14 EXFO EXFO 84 71
15 1.04 23 10
QTR 2
16 1.01 36 11
17 1.01 31.42
18 2.15 EST+113% ↑
QTR 1 30

27.13

19.00 19.20 20

18.00

15.21

11.94 10
95

- - - - - - - - - - - - - - - - -
O O O O O O O O O O O O O O O O O
0
VOLUME
R S LINE
VS SP500 3.5 M

1.2 M

400 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 3/10 QUARTER ENDED JAN 31,16 QUARTER ENDED APR 30,16 QUARTER ENDED JUL 31,16 QUARTER ENDED OCT 31,16
EARNINGS $ 0.25 VS 0.25 0% 0.29 VS 0.25 +16% 0.38 VS 0.23 +65% 0.58 VS 0.25 +132%
SALES MIL. $ 309.2 VS 306.3 +1% 318.8 VS 320.0 0% 341.3 VS 314.0 +9% 369.9 VS 321.1 +15%
DIVIDEND-PE N/A 15X -- 11X N/A 19X -- 12X N/A 19X -- 16X N/A 27X -- 18X

Winter 2017 marketsmith.com


16

Winter 2017 Screens:

2016’s Future Earnings


Discover stocks with strong earnings and the promise of
continued growth

If a company’s future looks promising, it can attract institutional investors, improving

the likelihood the stock price will increase. To gauge the status of a company’s future,

its consensus earnings estimates should always be positive and the stronger the

estimates the better. Keep in mind estimates are only opinions, while actual reported

earnings are facts.

Company Name (Symbol) Industry Group Comp Rating Page

Charles Schwab Corp (SCHW) Finance-Invest Bnk/Bkrs 99 17

Semtech Corporation (SMTC) Elec-Semicondctor Fablss 98 17

Callon Petroleum Co (CPE) Oil&Gas-U S Expl&Prod 98 18

Inphi Corp (IPHI) Elec-Semicondctor Fablss 98 18

Lifelock Inc (LOCK) Financial Svcs-Specialty 97 19

Align Technology Inc (ALGN) Medical-Products 95 19

Visit marketsmith.com/learn/stockguide to load the criteria for this and


other Stock Guide screens directly into your MarketSmith screener.

All screen results are computer-generated and were run on December 30, 2016.
This screen can also be found in the community section of marketsmith.com.

marketsmith.com Winter 2017


2016’s Future Earnings 17
CHARLES SCHWAB CORP(SCHW) NYSE 1,325.7 SHRS / 1,153.3 FLT / AVG VOL 9.73MIL $39.47(OH -2%)
FINANCE-INVEST BNK/BKRS aboutschwab.com
PROVIDES BROKERAGE, BANKING AND FINANCIAL SERVICES TO 12.3 M 10/12 TO ACQUIRE THOMASPARTNERS, A MA BASED DIVIDEND INCOME-
IL CLIENTS VIA 325 BRANCHES IN 45 STATES, PUERTO RICO FOCUSED ASSET MGMT FIRM FOR $85 MIL IN CASH/ADDL PAYMENT.
SHORT INT 2.2 DAYS -17% GROWTH RATE +13% DEBT 22% 3.96 X BK VALUE FUNDS 41%
OPTIONS ON AM/MS EARNINGS STAB 9 NEW CEO INVENTORY TO. BANKS 1%
UP/DOWN 2.0 EPS RANK 92 TIMELINESS A R&D N/A MGMT 13%
EX-DIV 11/9 PE 32 (1.7XS&P) ACC/DIST A RET ON EQUITY 11% ALPHA 0.02
YIELD 0.7% 5 YR PE 14 - 38 SMR RATING A CASH FLOW $1.37 BETA 1.91
EARNINGS (DEC) HI LO GROUP REL STR 96 RS EPS COMPOSITE RATING 99
10$ 0.65 $ 19 12 PiperJaff PJC 97 84
QTR 3 QTR 4 PRICE
10 B Riley Fi RILY 97 49 SCALE
11 0.71 19
12 0.64 15 11 StifelFncl SF 93 68
13 0.78 26 14 Evercore EVR 90 98
14 0.96 31 23 Nomura NMR 89 69
15 1.01 35 25
↑ QTR 2
16 1.30 EST +29% 40
17 1.58 EST +22% ↑
QTR 1

35
32.89
31.87
31.07
30.23
29.04 30.66 30
29.86

26.95
26.27 25

23.83
88
21.51
DIV 20
INC
- - - - - - - - - - -
O O O O O O O O O O O
R S LINE 15
VS SP500 VOLUME
10.5 M

4.5 M

1.9 M
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE*1/19 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.29 VS 0.24 +21% 0.29 VS 0.22 +32% 0.30 VS 0.24 +25% 0.34 VS 0.27 +26%
SALES MIL. $ 1727 VS 1577 +10% 1804 VS 1551 +16% 1868 VS 1597 +17% 1955 VS 1626 +20%
DIVIDEND-PE $0.06 36X -- 28X $0.06 33X -- 21X $0.07 29X -- 22X $0.07 28X -- 22X

SEMTECH CORPORATION(SMTC) NASDAQ 65.6 SHRS / 63.7 FLT / AVG VOL 506290 $31.55(OH -5%)
ELEC-SEMICONDCTOR FABLSS semtech.com
DESIGNS ANALOG AND MIXED-SIGNAL ICS USED IN MOBILE PHONES, C 8/16 SOLD ITS ASSETS IN CO'S SNOWBUSH IP TO RAMBUS INC, FOR $32
OMPUTERS, TELECOM NETWORKS AND CONSUMER ELECTRONICS. MIL.
SHORT INT 1.1 DAYS -32% GROWTH RATE -12% DEBT 45% 3.94 X BK VALUE FUNDS 66%
OPTIONS ON MS/NY EARNINGS STAB 15 NEW CEO INVENTORY TO. 7.1X BANKS 0%
UP/DOWN 1.4 EPS RANK 80 TIMELINESS A R&D 23.2% MGMT 2%
EX-DIV PE 27 (1.4XS&P) ACC/DIST B RET ON EQUITY 10% ALPHA 0.16
YIELD 5 YR PE 11 - 30 SMR RATING B CASH FLOW $1.24 BETA 1.54
EARNINGS (JAN) HI LO GROUP REL STR 95 RS EPS COMPOSITE RATING 98
10$ Nvidia NVDA 99 96 PRICE
QTR 3 QTR 4
19 AdvaMcrDv AMD 99 68 SCALE
11 1.71 $ 29
12 1.78 30 22 OnTrack OTIV 99 32
13 1.70 37 22 Invensense INVN 97 17 33.25
14 1.58 28 21 Quicklogic QUIK 96 21
15 1.54 30 14
QTR 2
16 0.86 33 15
17 0.86
18 1.36 EST +58% ↑ 30
QTR 1
28.17 28.20

24.76 25
23.48
22.50
22.81
20.95
21.35
20
20.09

88
15.70 15

- - - - - - - - - - -
O O O O O O O O O O O
R S LINE
VS SP500
10
VOLUME
1M

400 K

148 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 3/2 QUARTER ENDED JAN 31,16 QUARTER ENDED APR 30,16 QUARTER ENDED JUL 31,16 QUARTER ENDED OCT 31,16
EARNINGS $ 0.17 VS 0.34 -50% 0.30 VS 0.27 +11% 0.35 VS 0.24 +46% 0.37 VS 0.19 +95%
SALES MIL. $ 118.6 VS 130.4 -9% 131.2 VS 130.1 +1% 135.9 VS 125.7 +8% 137.2 VS 115.8 +18%
DIVIDEND-PE N/A 20X -- 13X N/A 27X -- 15X N/A 29X -- 23X N/A 30X -- 24X

Winter 2017 marketsmith.com


18 2016’s Future Earnings
*CALLON PETROLEUM CO(CPE) NYSE 201.0 SHRS / 197.0 FLT / AVG VOL 5.33MIL $15.37(OH -17%)
OIL&GAS-U S EXPL&PROD callon.com
ENGAGED IN THE ACQUISITION, DEVELOPMENT, EXPLORATION AND OPE 11/16 REAFFIRMED 2016 CAPITAL EXPENDITURES GUIDANCE OF ABOUT $140
RATION OF OIL AND GAS PROPERTIES IN WEST TEXAS. MIL.
SHORT INT 3.1 DAYS -36% GROWTH RATE +30% DEBT 91% 8.70 X BK VALUE FUNDS 30%
OPTIONS ON NY/PH EARNINGS STAB 91 NEW CEO INVENTORY TO. BANKS 0%
UP/DOWN 0.5 EPS RANK 95 TIMELINESS C R&D N/A MGMT 2%
EX-DIV PE 77 (4.1XS&P) ACC/DIST C RET ON EQUITY 4% ALPHA 0.22
YIELD 5 YR PE 2 - 265 SMR RATING B CASH FLOW $0.47 BETA 2.05
EARNINGS (DEC) HI LO GROUP REL STR 91 RS EPS COMPOSITE RATING 98
10$ 0.30 $ 8 1 MidstatesP MPO 99 79
QTR 3 QTR 4 PRICE
3 ResoluteEn REN 99 59 SCALE
11 2.65∆ 9
12 0.04∆ 7 3 Unit UNT 99 32
13 0.05 7 3 Abraxas AXAS 99 17
18.53
14 0.34∆ 12 4 ClayWEgy CWEI 99 2
15 0.15 10 4
↑ QTR 2
16 0.28 EST +87%
17 0.52 EST +86% ↓ 16.36
15.91
QTR 1
15

12.56 12.47
13.33
12.45

10
10.34 10.34

7.62

5.70 5
90
4.21 PPO PPO PPO PPO
PO PO PO PO

0
R S LINE
VOLUME
VS SP500 12.5 M

4.5 M

1.3 M
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 3/2 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.05 VS 0.05∆ 0% 0.01 VS 0.01 0% 0.05∆ VS 0.04 +25% 0.09 VS 0.05 +80%
SALES MIL. $ 33.6 VS 38.4 -13% 30.7 VS 30.4 +1% 45.2 VS 39.2 +15% 55.9 VS 34.3 +63%
DIVIDEND-PE N/A 68X -- 46X N/A 60X -- 28X N/A 84X -- 54X N/A 99X -- 69X

*INPHI CORP(IPHI) NYSE 41.2 SHRS / 36.3 FLT / AVG VOL 865770 $44.62(OH -7%)
ELEC-SEMICONDCTOR FABLSS inphi.com
DESIGNS ANALOG MULTIPLEXERS, ENCODERS, AMPLIFIERS AND MEMORY 11/16 EXPECTS Q4 2016 ADJUSTED EARNINGS OF $0.44 TO $0.46 PER
BUFFERS FOR SERVERS, ROUTERS AND STORAGE EQUIPMENT. DILUTED SHARE ON REVENUES OF $74.7 MIL TO $76.7 MIL.
SHORT INT 3.5 DAYS -37% GROWTH RATE +60% DEBT 59% 6.31 X BK VALUE FUNDS 51%
OPTIONS ON PH/PS EARNINGS STAB 69 NEW CEO INVENTORY TO. 11.1X BANKS 1%
UP/DOWN 1.3 EPS RANK 97 TIMELINESS A R&D 43.2% MGMT 4%
EX-DIV PE 33 (1.7XS&P) ACC/DIST B RET ON EQUITY 14% ALPHA 0.16
YIELD 5 YR PE 18 - 165 SMR RATING A CASH FLOW $1.04 BETA 2.31
EARNINGS (DEC) HI LO GROUP REL STR 95 RS EPS IPO 11/11/10 $12.00 (C) (W) COMPOSITE RATING 98
10$ 0.40 $ 20 14 Nvidia NVDA 99 96
QTR 3 QTR 4 PRICE
11 0.25 27 7 AdvaMcrDv AMD 99 68 SCALE
12 0.17 16 7 OnTrack OTIV 99 32
13 0.13 14 7 Invensense INVN 97 17 47.60
14 0.62 19 10 Quicklogic QUIK 96 21
15 0.95 32 17 44.54 44.82
↑ QTR 2
16 1.49 EST +57%
17 1.86 EST +25% ↑
QTR 1
40

37.90 38.35
34.87
33.59 35.92

30
28.44

27.55
25.89

23.51
22.07 20
85

- - - - - - - - -
O O O O O O O O O
R S LINE 10
VS SP500
VOLUME
1.3 M

500 K

180 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/4 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.34 VS 0.30 +13% 0.24 VS 0.16 +50% 0.30 VS 0.25 +20% 0.46 VS 0.19 +142%
SALES MIL. $ 64.4 VS 54.8 +18% 54.1 VS 43.0 +26% 60.5 VS 49.5 +22% 70.8 VS 47.4 +49%
DIVIDEND-PE N/A 37X -- 28X N/A 37X -- 23X N/A 37X -- 25X N/A 42X -- 29X

marketsmith.com Winter 2017


2016’s Future Earnings 19
*LIFELOCK INC(LOCK) NYSE 94.9 SHRS / 78.8 FLT / AVG VOL 2.63MIL $23.92(OH 0%)
FINANCIAL SVCS-SPECIALTY lifelock.com
PROVIDES PROACTIVE IDENTITY THEFT PROTECTION SERVICES FOR CO
11/16 TO BE ACQUIRED BY SYMANTEC, FOR $24 PER SHARE OR $2.3 BIL.
NSUMERS AND IDENTITY RISK ASSESSMENT AND FRAUD PROTECTION
SHORT INT 1.8 DAYS +82% GROWTH RATE +57% DEBT 0% 7.14 X BK VALUE FUNDS 27%
OPTIONS ON EARNINGS STAB 47 NEW CEO 3/16 INVENTORY TO. BANKS 7%
UP/DOWN 3.4 EPS RANK 80 TIMELINESS B R&D 11.8% MGMT 10%
EX-DIV PE 36 (1.9XS&P) ACC/DIST A RET ON EQUITY 19% ALPHA 0.18
YIELD 5 YR PE 15 - 88 SMR RATING A CASH FLOW $0.79 BETA 1.24
EARNINGS (DEC) HI LO GROUP REL STR 84 RS EPS IPO 10/03/12 $9.00 (C) (W) COMPOSITE RATING 97
10$ -0.18 $ WinsFinanc WINS 99 33 PRICE
QTR 3 QTR 4
11 0.02 Moneygram MGI 98 29 SCALE
12 0.25 9 6 Ambac Finl AMBC 89 35
13 0.39 17 7 BatsGlbMkt BATS 85 95 23.99
14 0.48 22 10 Navient Co NAVI 85 57
15 0.63 19 7
↓ QTR 2
16 0.76 EST +21%
17 0.94 EST +24% ↓
QTR 1
20

17.35

15.96 15
15.45 15.40
13.58

12.08

96
11.01 10

9.14

- - - - - - - - - - - - - - - - - - - - -
O O O O O O O O O O O O O O O O O O O O O
R S LINE 5
VS SP500 VOLUME
9.5 M

2.5 M

600 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 2/10 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.30 VS 0.28 +7% -0.05 VS -0.06 N/A 0.07 VS 0.10 -30% 0.34 VS 0.28 +21%
SALES MIL. $ 156.2 VS 129.7 +20% 159.3 VS 134.4 +18% 164.4 VS 145.0 +13% 170.3 VS 152.0 +12%
DIVIDEND-PE N/A 26X -- 16X N/A 24X -- 15X N/A 25X -- 17X N/A 29X -- 25X

ALIGN TECHNOLOGY INC(ALGN) NASDAQ 79.7 SHRS / 70.9 FLT / AVG VOL 1.01MIL $96.13(OH -5%)
MEDICAL-PRODUCTS aligntech.com
DEVELOPED A PROPRIETARY SYSTEM FOR TREATING MALOCCLUSION, OR 11/16 EXPECTS Q4 2016 EARNINGS OF $0.64 TO $0.67 PER DILUTED SHARE
THE MISALIGNMENT OF TEETH. ON REVENUES OF $289.2 MIL TO $293.9 MIL.
SHORT INT 4.8 DAYS +75% GROWTH RATE +19% DEBT 0% 9.05 X BK VALUE FUNDS 42%
OPTIONS ON AM/MS EARNINGS STAB 10 NEW CEO 6/15 INVENTORY TO. 47.8X BANKS 1%
UP/DOWN 1.0 EPS RANK 98 TIMELINESS B R&D 7.2% MGMT 2%
EX-DIV PE 41 (2.2XS&P) ACC/DIST B RET ON EQUITY 17% ALPHA 0.11
YIELD 5 YR PE 18 - 50 SMR RATING A CASH FLOW $1.97 BETA 1.28
EARNINGS (DEC) HI LO GROUP REL STR 52 RS EPS COMPOSITE RATING 94
10$ 0.80 $ 21 13 Lantheus LNTH 99 32
QTR 3 QTR 4 PRICE
11 0.97 25 14 Antares ATRS 99 14 SCALE
12 1.13 39 22 Neovasc NVCN 99 3
13 1.54 60 25 Heska HSKA 98 79 102.10
14 1.77 65 43 LeMaitr LMAT 95 97
15 1.70 68 51 100
↑ QTR 2 96.90
16 2.41 EST +42% 96.13
17 2.97 EST +23% ↑
QTR 1
90
90.57
88.20

83.27
80

77.07

69.36 70
70.03

78
60

57.31
- - - - - - - - -
O O O O O O O O O
50
R S LINE VOLUME
VS SP500
1.9 M

800 K

300 K
15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 7 21 4 18 2 16 30
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
EPS DUE 1/28 QUARTER ENDED DEC 31,15 QUARTER ENDED MAR 31,16 QUARTER ENDED JUN 30,16 QUARTER ENDED SEP 30,16
EARNINGS $ 0.60 VS 0.48 +25% 0.50 VS 0.38 +32% 0.62 VS 0.39 +59% 0.63 VS 0.34 +85%
SALES MIL. $ 230.3 VS 198.6 +16% 238.7 VS 198.1 +21% 269.4 VS 209.5 +29% 278.6 VS 207.6 +34%
DIVIDEND-PE N/A 43X -- 32X N/A 43X -- 34X N/A 45X -- 38X N/A 47X -- 41X

Winter 2017 marketsmith.com


20
Stock Guide Chart Legend
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
*XYZ CORP (XYZ) NASDAQ 17.1 SHRS / 12.2 FLT / AVG VOL 85,500 $24.13 (OH -4%)
BLDG-A/C & HEATING PRDS aaon.com
50 MANUFACTURES HEATING, VENTILATION AND AIR CONDITION EQUIP-
MENT FOR THE INDUSTRIAL/CONSTRUCTION/COMMERCIAL MARKETS.
5/10 TO REPURCHASE 5% OF COMMON STOCK OUTSTANDING.

SHORT INT 24.3 DAYS -3% GROWTH RATE +31% DEBT 0% 3.50 X BK VALUE 40%
FUNDS
OPTIONS ON CBOE EARNINGS STAB 13 NEW CEO 7/10 INVENTORY TO. 7.5X BANKS 8% 21
UP/DOWN 1.0 EPS RANK 63 TIMELINESS B R&D 13.6% MGMT29%
EX-DIV 6/ 8 PE 16 ( 1.0XS&P) ACC/DIST D RET ON EQUITY 26% 0.03
ALPHA
YIELD 1.5% 5 YR PE 9- 31 SMR RATING B CASH FLOW $2 0.98
BETA
EARNINGS (DEC) HI LO GROUP REL STR 82 RS EPS IPO 7/7/07 $ 5.00 (C) (W) COMPOSITE RATING 82 22
04 $ 0.39 $ 14 9 SmithAO AOS 81 95 QTR 1 QTR 2 QTR 3 PRICE
05 0.60 13 9 Watsco WSO 76 82 SCALE
06 0.90 19 11 85 ACTIVE 25.11
49 07 1.22 23 16
Lennox LII 75
23
08 1.60 23 12
09 1.62 22 14 CANADIAN
10 1.38 EST -15% QTR 4 24
11 1.62 EST +17%
24
48 22.32
22.00 22.41 25
22

47 21.50

20.63
20.72
26
20
27
46
18.64
84 28
18.49
18
18.00 29
FORBES
R S LINE DIV
« 06/04/10 30
45 VS SP500
2/1
17704 PSO
INC

31
5376 16
VOLUME
* (00)
* 1000
600 32
44 400

17 31 14 28 11 25 9 23 6 20 4 18 1 15 29 12 26 12 26 9 23 7 21 4 18 2
AUG SEP OCT NOV DEC JAN 10 FEB MAR APR MAY JUN JUL 33
43 *EPS DUE

EARNINGS $
*8/10 QUARTER ENDED JUN 30, 09
0.43 VS 0.43 0% 0.45 VS
QUARTER ENDED SEP 30, 09
0.47
QUARTER ENDED DEC 31, 09
-4% 0.36 VS 0.35
QUARTER ENDED MAR 31, 10
+3% 0.30 VS 0.39 -23%
SALES MIL. $ 68.6 VS 74.8 -8% 58.5 VS 79.3 -26% 54.2 VS 60.2 -10% 49.3 VS 64.0 -23%
42 DIVIDEND-PE $ 0.18 13X -- 9X N/A 13X -- 11X $ 0.18 12X -- 11X N/A 14X -- 12X

41 40 39 38 37 36 35 34
1. 5-Year Earnings Growth Rate Over 20% 15. Average Daily Volume Over Last 50 33. Earnings % Change
Per Year Trading Days 34. Qtrly EPS Compared to EPS Same Qtr
2. Company Name 16. Datablock Containing the Following Last Year (<> denotes pretax, non-
3. Industry Group Classification Information: recurring items included)
a. Stock Price Relative to Book Value 35. Insider Buying/Selling
4. Datablock Containing the Following
Information: b. Inventory Turnover 36. Qtrly Sales Compared to Sales Same Qtr
a. Short Interest Value and Percent c. Research and Development % of Total Last Year
Change Sales 37. 50-Day Average Daily Volume
b. Options Availability and Exchange d. Return on Equity Percentage
38. High and Low P/E Ratio for the Quarter
c. 50-Day Ratio of Daily Up Volume to e. Cash Flow Per Share From Operations
39. Dividend Change
Daily Down Volume 17. Convertible Issues
40. Security Announcement
d. Ex-Dividend Date 18. Warrants Outstanding
e. Current Yield 41. Cash Dividend for the Quarter
19. Closing Price
5. Ticker or Trading Symbol 42. *Indicates Earnings Expected to Report
20. % Off High
Within 4 Weeks
6. Top 5 Stocks in Group 21. Datablock Containing the Following
43. *Indicates Earnings Were Reported in Last
7. Primary Exchange Information
2 Weeks
8. Industry Group Relative Strength Rating a. Mutual Fund Sponsorship
44. Volume Peaks (in Hundreds)
9. Common Shares Outstanding (in Millions) b. Bank Sponsorship
45. Stock Dividend or Split
10. Web Address c. Management Ownership
46. Daily High, Low, and Closing Prices
d. Alpha
11. Active stock (NASDAQ only)
e. Beta 47. Line Indicates Beginning of Calendar
12. Floating Supply (in Millions) Quarter
22. Composite Rating
13. Datablock Containing the Following 48. Indicator for Canadian Dollars
Information: 23. Arithmetic Price Scale
49. Datablock Containing the Following
a. 5-Year Earnings Growth Rate 24. Key High and Low Price Points
Information:
b. Best RS Line & Rating Factor 25. 50-Day Moving Average Price Line
a. Fiscal Year End
c. Earnings Per Share Rank (EPS Rank) 26. 200-Day Moving Average Price Line b. Annual Operating Earnings
d. Current Price/Earnings (P/E) Ratio 27. Relative Strength Rating (<> denotes pretax, non-recurring
e. High and Low Price/Earnings (P/E) items included)
28. Relative Strength Compared to S&P 500
Ratios c. Calendar Year High/Low Prices
29. Article in Major Publication
14. Datablock Containing the Following d. Earnings Per Share Estimates
Information: 30. *Indicates 2nd Highest Weekly Volume in e. EPS Estimates % Change
Last 12 Months
a. Debt Percentage f. Estimate Revision
b. New CEO in Last 2 Years 31. *Indicates Highest Weekly Volume in Last
50. Business Summary
Year or Volume 100% or More Above
c. Timeliness Rating
ADV
d. Accumulation/Distribution Rating
32. Volume Scale
e. SMR Rating
marketsmith.com Winter 2017
Notes 21

Winter 2017 marketsmith.com


22 Notes

marketsmith.com Winter 2017


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