Ratings Changes

Ticker Guru Based On Old New  
WFC Dashan Huang Strong Interest Some Interest
BAP Dashan Huang Strong Interest No Interest
MYRG Dashan Huang No Interest Some Interest
RWEOY David Dreman Some Interest No Interest
FRO David Dreman No Interest Some Interest
COF James O'Shaughnessy Some Interest No Interest
CX James O'Shaughnessy No Interest Some Interest
CVS James O'Shaughnessy Strong Interest Some Interest
GEF James O'Shaughnessy Some Interest Strong Interest
GIS Joel Greenblatt Some Interest No Interest
COKE Joel Greenblatt Some Interest Strong Interest
ALV Joel Greenblatt Some Interest Strong Interest
NOMD Joel Greenblatt Strong Interest Some Interest
LBRT Joel Greenblatt Strong Interest Some Interest
GPRK Joel Greenblatt No Interest Strong Interest
XP John Neff No Interest Some Interest
FIBK Joseph Piotroski Some Interest No Interest
PERI Kenneth Fisher Some Interest Strong Interest
BBAR Martin Zweig No Interest Some Interest
NPK Meb Faber Some Interest No Interest
CFR Meb Faber Some Interest No Interest
WASH Meb Faber Strong Interest Some Interest
KW Meb Faber Some Interest No Interest
ALLE Partha Mohanram Some Interest No Interest
SHOP Partha Mohanram No Interest Some Interest
UPWK Partha Mohanram Some Interest No Interest
APOG Patrick O'Shaughnessy No Interest Some Interest
BHLB Patrick O'Shaughnessy Some Interest No Interest
DFS Patrick O'Shaughnessy Some Interest No Interest
SNV Patrick O'Shaughnessy Some Interest No Interest
GCT Patrick O'Shaughnessy Some Interest No Interest
BBY Pim van Vliet Some Interest Strong Interest
ORI Pim van Vliet No Interest Some Interest
DCI Pim van Vliet Some Interest No Interest
FFIV Pim van Vliet No Interest Some Interest
RF Pim van Vliet Some Interest No Interest
GM Pim van Vliet Some Interest Strong Interest
CDW Pim van Vliet Some Interest Strong Interest
ELV Pim van Vliet No Interest Some Interest
HPE Pim van Vliet No Interest Some Interest
TEL Pim van Vliet Some Interest No Interest
MLI Tobias Carlisle Strong Interest Some Interest
VIPS Tobias Carlisle Some Interest Strong Interest
NOG Tobias Carlisle No Interest Strong Interest
TSM Warren Buffett Some Interest Strong Interest
AYI Warren Buffett No Interest Some Interest
AZO Wayne Thorp No Interest Some Interest
GFI Wayne Thorp No Interest Some Interest
LPX Wayne Thorp No Interest Some Interest
MOD Wayne Thorp Some Interest No Interest
RCL Wayne Thorp Strong Interest No Interest
CHD Wayne Thorp No Interest Some Interest
CBSH Wayne Thorp No Interest Some Interest
CTBI Wayne Thorp No Interest Some Interest
MIDD Wayne Thorp No Interest Some Interest
REGN Wayne Thorp Some Interest No Interest
ACGL Wayne Thorp Some Interest No Interest
MBWM Wayne Thorp No Interest Some Interest
MFC Wayne Thorp Strong Interest Some Interest
HMY Wayne Thorp No Interest Some Interest
EXEL Wayne Thorp No Interest Some Interest
CRL Wayne Thorp No Interest Some Interest
SLF Wayne Thorp No Interest Strong Interest
PBR Wayne Thorp No Interest Strong Interest
X Wayne Thorp No Interest Strong Interest
FHN Wayne Thorp No Interest Some Interest
SAIA Wayne Thorp Some Interest Strong Interest
IVZ Wayne Thorp Strong Interest Some Interest
VRTS Wayne Thorp Some Interest No Interest
ORLY Wayne Thorp No Interest Some Interest
MUSA Wayne Thorp Some Interest No Interest
SUN Wayne Thorp No Interest Some Interest
ASML Wayne Thorp No Interest Some Interest
SR Wayne Thorp No Interest Some Interest
AY Wayne Thorp Some Interest No Interest
PLYA Wayne Thorp Some Interest No Interest
VICI Wayne Thorp Strong Interest Some Interest
OBDC Wayne Thorp Some Interest No Interest
GRPN Wayne Thorp Some Interest No Interest
SHIP Wayne Thorp Some Interest No Interest
BV Wesley Gray No Interest Some Interest
TT Wesley Gray No Interest Strong Interest
VERA Wesley Gray Some Interest No Interest
CR Wesley Gray No Interest Some Interest
IIIN Dashan Huang Strong Interest No Interest
MLM Dashan Huang Some Interest Strong Interest
MTH Dashan Huang Strong Interest No Interest
RS Dashan Huang Strong Interest No Interest
JOE Dashan Huang No Interest Strong Interest
TEX Dashan Huang Strong Interest No Interest
WM Dashan Huang No Interest Some Interest
INFY Dashan Huang No Interest Some Interest
ATI Dashan Huang Some Interest No Interest
IBKR Dashan Huang Some Interest No Interest
ESQ Dashan Huang Strong Interest No Interest
KRUS Dashan Huang Some Interest Strong Interest
TNK Dashan Huang Some Interest No Interest
CXT Dashan Huang Strong Interest No Interest
BHE James O'Shaughnessy Some Interest No Interest
TEX James O'Shaughnessy Strong Interest Some Interest
UBS James O'Shaughnessy Strong Interest Some Interest
OIS James O'Shaughnessy Some Interest Strong Interest
MRC James O'Shaughnessy No Interest Some Interest
CFG James O'Shaughnessy Some Interest No Interest
JRVR James O'Shaughnessy Strong Interest Some Interest
SOI James O'Shaughnessy No Interest Some Interest
CNXC James O'Shaughnessy No Interest Some Interest
IFS James O'Shaughnessy Some Interest Strong Interest
ASTL James O'Shaughnessy Some Interest No Interest
HY Joel Greenblatt No Interest Some Interest
PERI Joel Greenblatt Strong Interest No Interest
WCC John Neff Some Interest No Interest
TRV John Neff No Interest Some Interest
OSK Kenneth Fisher No Interest Some Interest
VNDA Kenneth Fisher Some Interest No Interest
ARCB Kenneth Fisher Some Interest Strong Interest
SMP Meb Faber Some Interest Strong Interest
LOPE Meb Faber Strong Interest Some Interest
PINC Meb Faber No Interest Some Interest
DLO Motley Fool No Interest Some Interest
PPG Partha Mohanram No Interest Some Interest
CHRW Partha Mohanram Some Interest No Interest
AXTA Partha Mohanram No Interest Some Interest
ITT Partha Mohanram Strong Interest Some Interest
MTG Patrick O'Shaughnessy No Interest Some Interest
LNG Patrick O'Shaughnessy Some Interest No Interest
BKU Patrick O'Shaughnessy Some Interest No Interest
PRG Patrick O'Shaughnessy No Interest Some Interest
MOD Peter Lynch Some Interest Strong Interest
ROCK Peter Lynch Some Interest Strong Interest
TPH Peter Lynch No Interest Some Interest
AOS Pim van Vliet Strong Interest Some Interest
IP Pim van Vliet Some Interest No Interest
QCOM Pim van Vliet Some Interest Strong Interest
ALV Pim van Vliet Strong Interest Some Interest
JNPR Pim van Vliet No Interest Some Interest
BASFY Pim van Vliet Some Interest No Interest
CF Pim van Vliet Some Interest Strong Interest
SWK Pim van Vliet Some Interest No Interest
HLI Pim van Vliet Some Interest No Interest
EQNR Pim van Vliet No Interest Some Interest
NLY Pim van Vliet No Interest Some Interest
MGA Tobias Carlisle No Interest Some Interest
OMC Tobias Carlisle Some Interest No Interest
KMTUY Tobias Carlisle No Interest Some Interest
LPG Tobias Carlisle Strong Interest Some Interest
ODFL Warren Buffett No Interest Some Interest
EZPW Wayne Thorp No Interest Some Interest
RGLD Wayne Thorp Strong Interest No Interest
TSCO Wayne Thorp No Interest Some Interest
TYL Wayne Thorp No Interest Some Interest
TSM Wayne Thorp Some Interest No Interest
GIL Wayne Thorp No Interest Some Interest
DXCM Wayne Thorp No Interest Strong Interest
SMCI Wayne Thorp Some Interest No Interest
PPC Wayne Thorp No Interest Some Interest
OFG Wayne Thorp Some Interest No Interest
PYPL Wayne Thorp Strong Interest Some Interest
HUBB Wayne Thorp No Interest Some Interest
FBK Wayne Thorp No Interest Strong Interest
BL Wayne Thorp Some Interest No Interest
STNE Wayne Thorp Some Interest No Interest
AZEK Wayne Thorp No Interest Some Interest
BRSP Wayne Thorp No Interest Strong Interest
CR Wayne Thorp Some Interest No Interest
NATL Wayne Thorp No Interest Some Interest
AMD Wesley Gray No Interest Some Interest
VECO Wesley Gray No Interest Some Interest
BVN Wesley Gray Some Interest Strong Interest
NVMI Wesley Gray No Interest Some Interest
NTRA Wesley Gray No Interest Some Interest
CSWI Wesley Gray No Interest Strong Interest
LPG Wesley Gray Strong Interest No Interest
QUIK Wesley Gray No Interest Some Interest
VITL Wesley Gray No Interest Some Interest
PHVS Wesley Gray No Interest Some Interest
BASE Wesley Gray Some Interest No Interest
ARHS Wesley Gray No Interest Some Interest
SG Wesley Gray No Interest Some Interest
USNA Benjamin Graham No Interest Some Interest
SCHW Dashan Huang Some Interest No Interest
VLO Dashan Huang No Interest Some Interest
SCVL Dashan Huang No Interest Some Interest
ANDE Dashan Huang Strong Interest No Interest
OSIS Dashan Huang No Interest Strong Interest
EGY Dashan Huang No Interest Some Interest
TPX Dashan Huang Strong Interest Some Interest
SCCO Dashan Huang No Interest Strong Interest
MA Dashan Huang No Interest Some Interest
MTDR Dashan Huang No Interest Strong Interest
BKNG Dashan Huang Strong Interest No Interest
WES Dashan Huang No Interest Some Interest
UWMC Dashan Huang Strong Interest No Interest
BBWI Dashan Huang No Interest Strong Interest
FMC David Dreman No Interest Some Interest
BWA James O'Shaughnessy Some Interest Strong Interest
THO James O'Shaughnessy No Interest Some Interest
UNM James O'Shaughnessy Strong Interest Some Interest
EZPW James O'Shaughnessy Some Interest No Interest
MBWM James O'Shaughnessy Some Interest No 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.

Validea.com is a research provider that is owned and operated by The Reese Group, LLC. Validea.com offers model portfolios, screening and stock analysis that is not customized to any individual. No information on Validea.com should be construed as investment advice. Validea Capital Management is a separate investment advisory firm registered with the state of Connecticut. Validea Capital offers investment management services directly to clients and is a separate entity from The Reese Group, LLC. The Reese Group and Validea Capital are affiliated entities and share partial common ownership.