Ratings Changes

Ticker Guru Based On Old New  
AAPL Dashan Huang Strong Interest No Interest
KEY Dashan Huang No Interest Some Interest
SCI Dashan Huang Strong Interest Some Interest
TMO Dashan Huang Strong Interest No Interest
FR Dashan Huang Some Interest Strong Interest
GRC Dashan Huang No Interest Some Interest
FE Dashan Huang Some Interest No Interest
AMKR Dashan Huang No Interest Some Interest
EME Dashan Huang No Interest Some Interest
WTI Dashan Huang Strong Interest Some Interest
CTRN Dashan Huang No Interest Some Interest
HES Dashan Huang No Interest Some Interest
MTSI Dashan Huang No Interest Some Interest
CEQP Dashan Huang Some Interest No Interest
INVH Dashan Huang Some Interest Strong Interest
KNX Dashan Huang Some Interest No Interest
RIOT Dashan Huang No Interest Some Interest
CHX Dashan Huang No Interest Some Interest
VZ David Dreman Strong Interest No Interest
FLEX David Dreman No Interest Some Interest
KB David Dreman Some Interest No Interest
IP James O'Shaughnessy Some Interest Strong Interest
CNA James O'Shaughnessy Some Interest Strong Interest
TRMK James O'Shaughnessy Some Interest No Interest
TIGO James O'Shaughnessy No Interest Some Interest
BP James O'Shaughnessy Strong Interest Some Interest
IVZ James O'Shaughnessy No Interest Some Interest
BSBR James O'Shaughnessy Some Interest No Interest
HMST James O'Shaughnessy No Interest Some Interest
XRX James O'Shaughnessy Strong Interest Some Interest
UNH James P. O'Shaughnessy No Interest Strong Interest
MDC James P. O'Shaughnessy Strong Interest No Interest
QDEL Joel Greenblatt Strong Interest No Interest
INVA Joel Greenblatt Strong Interest No Interest
GIB Joel Greenblatt No Interest Some Interest
INTC John Neff Some Interest No Interest
FCF John Neff Some Interest No Interest
SBSI John Neff Some Interest No Interest
LBAI John Neff Some Interest No Interest
IBTX John Neff No Interest Some Interest
ETRN John Neff No Interest Some Interest
CADE John Neff No Interest Some Interest
HLX Kenneth Fisher Some Interest No Interest
HIMX Kenneth Fisher No Interest Some Interest
TCBK Martin Zweig No Interest Some Interest
HOPE Martin Zweig No Interest Some Interest
AXP Meb Faber Strong Interest Some Interest
RHI Meb Faber Some Interest No Interest
DVN Meb Faber Strong Interest Some Interest
RM Meb Faber Strong Interest Some Interest
BPMP Meb Faber Strong Interest Some Interest
REYN Meb Faber Some Interest No Interest
NCV Meb Faber No Interest Some Interest
FCNCA Motley Fool No Interest Some Interest
CLFD Motley Fool Some Interest No Interest
BCC Motley Fool No Interest Some Interest
RILY Motley Fool Some Interest No Interest
AXP Partha Mohanram Some Interest No Interest
JNJ Partha Mohanram Strong Interest Some Interest
MSEX Partha Mohanram No Interest Some Interest
PII Partha Mohanram Strong Interest Some Interest
NTES Partha Mohanram No Interest Strong Interest
WRLD Patrick O'Shaughnessy Some Interest No Interest
PETS Patrick O'Shaughnessy Some Interest No Interest
CXW Patrick O'Shaughnessy Some Interest No Interest
SMTC Peter Lynch No Interest Some Interest
TCBK Peter Lynch Some Interest No Interest
UMBF Peter Lynch Strong Interest Some Interest
SBNY Peter Lynch No Interest Strong Interest
VRTS Peter Lynch No Interest Some Interest
AJRD Peter Lynch No Interest Some Interest
ASML Peter Lynch No Interest Some Interest
PFC Peter Lynch Some Interest No Interest
BBVA Pim van Vliet No Interest Some Interest
DHI Pim van Vliet Strong Interest Some Interest
K Pim van Vliet Some Interest No Interest
KMB Pim van Vliet Some Interest No Interest
NKE Pim van Vliet No Interest Some Interest
DASTY Pim van Vliet Some Interest No Interest
HST Pim van Vliet No Interest Some Interest
WHR Pim van Vliet Strong Interest Some Interest
MTD Pim van Vliet Strong Interest Some Interest
AMT Pim van Vliet Some Interest No Interest
KHC Pim van Vliet Some Interest No Interest
NGLOY Pim van Vliet Some Interest Strong Interest
TPL Pim van Vliet No Interest Strong Interest
JBL Tobias Carlisle No Interest Some Interest
UL Tobias Carlisle Some Interest No Interest
VSH Tobias Carlisle Some Interest Strong Interest
PLUS Tobias Carlisle No Interest Some Interest
ERF Tobias Carlisle Some Interest No Interest
PVH Tobias Carlisle No Interest Some Interest
LE Tobias Carlisle Some Interest No Interest
AJRD Tobias Carlisle No Interest Some Interest
CMA Wayne Thorp Strong Interest Some Interest
NUE Wayne Thorp Some Interest No Interest
CHCO Wayne Thorp No Interest Strong Interest
CBU Wayne Thorp No Interest Strong Interest
DE Wayne Thorp No Interest Some Interest
HRL Wayne Thorp Some Interest No Interest
PII Wayne Thorp Strong Interest No Interest
SEE Wayne Thorp Some Interest No Interest
TRMK Wayne Thorp No Interest Strong Interest
UL Wayne Thorp No Interest Some Interest
WSBC Wayne Thorp No Interest Some Interest
BXP Wayne Thorp No Interest Some Interest
LKFN Wayne Thorp No Interest Strong Interest
IBN Wayne Thorp No Interest Some Interest
CPSI Wayne Thorp No Interest Some Interest
NTGR Wayne Thorp No Interest Some Interest
FBMS Wayne Thorp No Interest Strong Interest
OPK Wayne Thorp Strong Interest No Interest
PACW Wayne Thorp No Interest Some Interest
FTNT Wayne Thorp No Interest Some Interest
NWBI Wayne Thorp No Interest Strong Interest
BKU Wayne Thorp No Interest Some Interest
ES Wayne Thorp No Interest Some Interest
BUSE Wayne Thorp No Interest Strong Interest
LSI Wayne Thorp No Interest Strong Interest
PAGP Wayne Thorp No Interest Some Interest
AVYA Wayne Thorp No Interest Some Interest
GRIN Wayne Thorp Some Interest No Interest
FOXA Wayne Thorp Strong Interest Some Interest
AUB Wayne Thorp No Interest Some Interest
ESEA Wayne Thorp No Interest Some Interest
CADE Wayne Thorp No Interest Strong Interest
DCGO Wayne Thorp No Interest Strong Interest
FC Wesley Gray Strong Interest Some Interest
COP Wesley Gray No Interest Some Interest
SBNY Wesley Gray Strong Interest Some Interest
PAG Wesley Gray No Interest Some Interest
ACN Wesley Gray No Interest Strong Interest
PLD Wesley Gray Strong Interest No Interest
SSTK Wesley Gray No Interest Some Interest
VCTR Wesley Gray No Interest Some Interest
NVT Wesley Gray No Interest Strong Interest
DDOG Wesley Gray Some Interest No Interest
SCHW Dashan Huang Some Interest No Interest
WSM Dashan Huang Some Interest No Interest
MS Dashan Huang Some Interest Strong Interest
FUL Dashan Huang No Interest Some Interest
IIIN Dashan Huang Strong Interest Some Interest
MTH Dashan Huang Strong Interest No Interest
PTSI Dashan Huang No Interest Strong Interest
NXST Dashan Huang Some Interest Strong Interest
GGAL Dashan Huang No Interest Some Interest
SIVB Dashan Huang Strong Interest Some Interest
GNRC Dashan Huang Strong Interest Some Interest
SUN Dashan Huang No Interest Strong Interest
TRU Dashan Huang No Interest Strong Interest
GOLF Dashan Huang Strong Interest No Interest
FND Dashan Huang No Interest Some Interest
CSTM Dashan Huang No Interest Some Interest
HESM Dashan Huang No Interest Strong Interest
KSS David Dreman Some Interest No Interest
DHI James O'Shaughnessy Some Interest No Interest
ANF James O'Shaughnessy Strong Interest Some Interest
PTSI James O'Shaughnessy No Interest Some Interest
RS James O'Shaughnessy Some Interest Strong Interest
FRFHF James O'Shaughnessy Some Interest Strong Interest
RF James O'Shaughnessy Some Interest No Interest
BECN James O'Shaughnessy Some Interest No Interest
CTRN James O'Shaughnessy Strong Interest Some Interest
ATSG James O'Shaughnessy Some Interest No Interest
IBCP James O'Shaughnessy Some Interest No Interest
COMM James O'Shaughnessy Some Interest No Interest
DXC James O'Shaughnessy No Interest Some Interest
SPNT James O'Shaughnessy No Interest Strong Interest
LEE James O'Shaughnessy No Interest Strong Interest
BMA James P. O'Shaughnessy Strong Interest No Interest
LOGI Joel Greenblatt Some Interest Strong Interest
LOPE Joel Greenblatt Strong Interest Some Interest
CRSR Joel Greenblatt No Interest Some Interest
ONB John Neff Some Interest No Interest
AGM John Neff Some Interest No Interest
AIZ John Neff Some Interest No Interest
INBK John Neff Some Interest No Interest
STL John Neff Some Interest No Interest
SNV John Neff No Interest Some Interest
FBK John Neff No Interest Some Interest
KNX John Neff Some Interest No Interest
BAC Martin Zweig No Interest Some Interest
SCHW Martin Zweig No Interest Some Interest
BOH Martin Zweig No Interest Some Interest
AMTB Martin Zweig No Interest Some Interest
HRB Meb Faber Some Interest No Interest
HBAN Meb Faber Strong Interest No Interest
KEY Meb Faber No Interest Strong Interest
KSS Meb Faber Some Interest No Interest
CATO Meb Faber Strong Interest Some Interest
FNB Meb Faber No Interest Some Interest
FITB Meb Faber No Interest Some Interest
FULT Meb Faber Some Interest Strong Interest
HCSG Meb Faber No Interest Some Interest
UBA Meb Faber Some Interest Strong Interest
PTSI Meb Faber No Interest Some Interest
WBS Meb Faber No Interest Some Interest
UMPQ Meb Faber Some Interest Strong Interest
GS Meb Faber Some Interest No Interest
RRGB Meb Faber No Interest Some Interest
Performance Disclaimer: Returns presented on Validea.com are model returns and do not represent actual trading. As a result, they do not incorporate any commissions or other trading costs or fees. Model portfolios with inception dates on or after 12/30/2005 include a combination of back tested and live model returns. The back-tested performance results shown are hypothetical and are not the result of real-time management of actual accounts. The back-testing of performance differs from actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. Back-tested returns are presented to provide general information regarding how the underlying strategy behind the portfolio performed in our historical testing. A back-tested strategy has the benefit of hindsight and the results do not reflect the impact that material economic or market factors may have had on advisor's decision-making if actual client assets were being managed using this approach. The model portfolios offered on Validea are concentrated and as a result they will exhibit high levels of volatility and their performance can be substantially impacted by the performance of individual positions.

Optimal portfolios presented on Validea.com represent the rebalancing period that has led to the best historical performance for each of our equity models. Each optimal portfolio was determined after the fact with performance information that was not available at portfolio inception. As a result, an investor could not have invested in the optimal portfolio since its inception. Optimal portfolios are presented to allow investors to quickly determine the portfolio size and rebalancing period that has performed best for each of our models in our historical testing.

Both the model portfolio and benchmark returns presented for all equity portfolios on Validea.com are not inclusive of dividends. Returns for our ETF portfolios and trend following system, and the benchmarks they are compared to, are inclusive of dividends. The S&P 500 is presented as a benchmark because it is the most widely followed benchmark of the overall US market and is most often used by investors for return comparison purposes. As with any investment strategy, there is potential for profit as well as the possibility of loss and investors may incur a loss despite a past history of gains. Past performance does not guarantee future results. Results will vary with economic and market conditions.