40
Industries, in alphabetical order .................................................................................................................................. 1 Stocks, in alphabetical order .................................................................................................................................. 2-23 Noteworthy Rank Changes .................................................................................................................................. 24-25 Industries, in order of Timeliness Rank .................. 24 Timely Stocks in Timely Industries .................... 25-26 Timely Stocks (1 & 2 for Performance) ............. 27-29 Conservative Stocks (1 & 2 for Safety) ............. 30-31 Highest Dividend Yielding Stocks ........................... 32 Stocks with High 3- to 5-year Price Potential ......... 32 Biggest Free FlowCash Generators ................... 33 Best Performing Stocks last 13 Weeks .................. 33 Worst Performing Stocks last 13 Weeks ................ 33 Widest Discounts from Book Value ........................ 34 Stocks with Lowest P/Es ........................................ 35 Stocks with Highest P/Es ........................................ 35 Stocks with Highest Annual Total Returns ............. 36 Stocks with Highest 3- to 5-year Dividend Yield .... 36 High Returns Earned on Total Capital .................... 37 Bargain Basement Stocks ...................................... 37 Untimely Stocks (5 for Performance) ...................... 38 Highest Dividend Yielding Non-utility Stocks .......... 38 Highest Growth Stocks ........................................... 39 Advertising (44) ........................... 2386 * Aerospace/Defense (45) ............... 701 Air Transport (71) .......................... 301 Apparel (85) ................................. 2101 Automotive (65) ............................. 101 Auto Parts (87) .............................. 972 Bank (46) ..................................... 2501 * Bank (Midwest) (53) ...................... 774 Beverage (48) .............................. 1964 * Biotechnology (77) ........................ 827 Brokers & Exchanges (19) .......... 1798 Building Materials (31) ................. 1101 Cable TV (20) .............................. 1016 Chemical (Basic) (79) .................. 1599 Chemical (Diversified) (80) .......... 2436 Chemical (Specialty) (66) .............. 557 Computers/Peripherals (67) ........ 1397 Computer Software (11) .............. 2585 Diversified Co. (52) ..................... 1741 Drug (61) ..................................... 1610 E-Commerce (54) ........................ 1818 Educational Services (33) ........... 1997 Electrical Equipment (64) ............ 1301 Electric Util. (Central) (26) ............. 901 Electric Utility (East) (17) .............. 135 Electric Utility (West) (28) ........... 2214 Electronics (59) ........................... 1317 Engineering & Const (84) ............ 1225 Entertainment (86) ....................... 2324 Entertainment Tech (51) ............. 2006 Environmental (5) .......................... 407 Financial Svcs. (Div.) (13) ........... 2535 Food Processing (30) .................. 1901 Foreign Electronics (32) .............. 1982 Funeral Services (68) .................. 1844 Furn/Home Furnishings (27) ....... 1145 * Healthcare Information (78) .......... 818 Heavy Truck & Equip (55) ............. 147 Homebuilding (7) ......................... 1124 Hotel/Gaming (63) ....................... 2347 Household Products (29) ............. 1183 Human Resources (73) ............... 1646 Industrial Services (10) ................. 376 Information Services (6) ................ 430 IT Services (3) ............................. 2613 Insurance (Life) (37) .................... 1557 * Insurance (Prop/Cas.) (4) .............. 753 Internet (70) ................................. 2634 Investment Banking (57) ............. 1810 Investment Co. (--) ...................... 1196 Investment Co.(Foreign) (--) .......... 417 Machinery (40) ............................ 1701 Maritime (88) ................................. 329 * Medical Services (18) .................... 790 Med Supp Invasive (8) .................. 168 Med Supp Non-Invasive (21) ........ 198 * Metal Fabricating (76) ................... 726 Metals & Mining (Div.) (81) ......... 1582 Natural Gas Utility (38) .................. 546 Natural Gas (Div.) (93) .................. 523 Newspaper (--) ............................ 2379 Office Equip/Supplies (92) .......... 1414 Oil/Gas Distribution (62) ................ 607 Oilfield Svcs/Equip. (95) .............. 2416 Packaging & Container (58) ........ 1169 Paper/Forest Products (89) ......... 1160 Petroleum (Integrated) (42) ........... 501 Petroleum (Producing) (94) ......... 2398 Pharmacy Services (75) ................ 966 Pipeline MLPs (16) ........................ 620 Power (41) ................................... 1207 Precious Metals (2) ..................... 1569 Precision Instrument (47) .............. 112 Public/Private Equity (--) ............. 2447 Publishing (82) ............................ 2372 Railroad (23) .................................. 338 R.E.I.T. (22) ................................. 1510 Recreation (60) ............................ 2301 Reinsurance (34) ......................... 2018 Restaurant (43) ............................. 350 Retail Automotive (12) ................. 2117 Retail Building Supply (15) .......... 1136 Retail (Hardlines) (90) ................. 2162 Retail (Softlines) (83) .................. 2192 Retail Store (35) .......................... 2133 Retail/Wholesale Food (9) ........... 1944 Semiconductor (56) ..................... 1350 Semiconductor Equip (49) ........... 1386 Shoe (36) ..................................... 2152 * Steel (91) ....................................... 736 Telecom. Equipment (39) .............. 939 Telecom. Services (72) ................. 916 Telecom. Utility (24) .................... 1027 Thrift (14) ..................................... 1501 Tobacco (74) ............................... 1990 Toiletries/Cosmetics (25) ............. 1005 Trucking (69) ................................. 317 Water Utility (1) ........................... 1788 Wireless Networking (50) .............. 592 In three parts: This is Part 1, the Summary & Index. Part 2 is Selection & Opinion. Part 3 is Ratings & Reports. Volume LXXV, No. 17. Published weekly by VALUE LINE PUBLISHING LLC, 551 Fifth Avenue, New York, NY 10176 © 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for each subscriber’s own, non-commercial, internal use. No part of this publication may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product. See back cover for important disclosures. Part 1 Summary & Index THE ALUE LINE Investment Survey ® File at the front of the Ratings & Reports binder. Last week’s Summary & Index should be removed. December 6, 2019 ® TABLE OF SUMMARY & INDEX CONTENTS Summary & Index Page Number SCREENS The Median of Estimated PRICE-EARNINGS RATIOS of all stocks with earnings 17.7 26 Weeks Market Low Market High Ago 16.5 3-9-09 10.3 7-26-19 17.3 The Median of Estimated DIVIDEND YIELDS (next 12 months) of all dividend paying stocks 2.2% 26 Weeks Market Low Market High Ago 2.3% 3-9-09 4.0% 7-26-19 2.2% The Median Estimated THREE-TO-FIVE YEAR PRICE APPRECIATION POTENTIAL of all 1700 stocks in the VL Universe 45% 26 Weeks Market Low Market High Ago 60% 3-9-09 185% 7-26-19 50% The Median Estimated APPRECIATION POTENTIAL TO 18-MONTH TARGET PRICE RANGE of all 1700 stocks in the VL Universe 7% 26 Weeks Market Low Market High Ago 12% 3-9-09 N/A 7-26-19 7% ANALYSES OF INDUSTRIES IN ALPHABETICAL ORDER WITH PAGE NUMBER Numeral in parenthesis after the industry is rank for probable performance (next 12 months). * Reviewed in this week’s issue. PAGE PAGE PAGE PAGE

Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

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Page 1: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

Industries, in alphabetical order .................................................................................................................................. 1Stocks, in alphabetical order .................................................................................................................................. 2-23Noteworthy Rank Changes .................................................................................................................................. 24-25

Industries, in order of Timeliness Rank .................. 24Timely Stocks in Timely Industries .................... 25-26Timely Stocks (1 & 2 for Performance) ............. 27-29Conservative Stocks (1 & 2 for Safety) ............. 30-31Highest Dividend Yielding Stocks ........................... 32Stocks with High 3- to 5-year Price Potential ......... 32Biggest ″Free Flow″ Cash Generators ................... 33Best Performing Stocks last 13 Weeks .................. 33Worst Performing Stocks last 13 Weeks ................ 33Widest Discounts from Book Value ........................ 34

Stocks with Lowest P/Es ........................................ 35Stocks with Highest P/Es ........................................ 35Stocks with Highest Annual Total Returns ............. 36Stocks with Highest 3- to 5-year Dividend Yield .... 36High Returns Earned on Total Capital .................... 37Bargain Basement Stocks ...................................... 37Untimely Stocks (5 for Performance) ...................... 38Highest Dividend Yielding Non-utility Stocks .......... 38Highest Growth Stocks ........................................... 39

Advertising (44) ........................... 2386*Aerospace/Defense (45) ............... 701

Air Transport (71) .......................... 301Apparel (85) ................................. 2101Automotive (65) ............................. 101Auto Parts (87) .............................. 972Bank (46) ..................................... 2501

*Bank (Midwest) (53) ...................... 774Beverage (48) .............................. 1964

*Biotechnology (77) ........................ 827Brokers & Exchanges (19) .......... 1798Building Materials (31) ................. 1101Cable TV (20) .............................. 1016Chemical (Basic) (79) .................. 1599Chemical (Diversified) (80) .......... 2436Chemical (Specialty) (66) .............. 557Computers/Peripherals (67) ........ 1397Computer Software (11) .............. 2585Diversified Co. (52) ..................... 1741Drug (61) ..................................... 1610E-Commerce (54) ........................ 1818Educational Services (33) ........... 1997Electrical Equipment (64) ............ 1301Electric Util. (Central) (26) ............. 901Electric Utility (East) (17) .............. 135

Electric Utility (West) (28) ........... 2214Electronics (59) ........................... 1317Engineering & Const (84) ............ 1225Entertainment (86) ....................... 2324Entertainment Tech (51) ............. 2006Environmental (5) .......................... 407Financial Svcs. (Div.) (13) ........... 2535Food Processing (30) .................. 1901Foreign Electronics (32) .............. 1982Funeral Services (68) .................. 1844Furn/Home Furnishings (27) ....... 1145

*Healthcare Information (78) .......... 818Heavy Truck & Equip (55) ............. 147Homebuilding (7) ......................... 1124Hotel/Gaming (63) ....................... 2347Household Products (29) ............. 1183Human Resources (73) ............... 1646Industrial Services (10) ................. 376Information Services (6) ................ 430IT Services (3) ............................. 2613Insurance (Life) (37) .................... 1557

*Insurance (Prop/Cas.) (4) .............. 753Internet (70) ................................. 2634Investment Banking (57) ............. 1810Investment Co. (--) ...................... 1196

Investment Co.(Foreign) (--) .......... 417Machinery (40) ............................ 1701Maritime (88) ................................. 329

*Medical Services (18) .................... 790Med Supp Invasive (8) .................. 168Med Supp Non-Invasive (21) ........ 198

*Metal Fabricating (76) ................... 726Metals & Mining (Div.) (81) ......... 1582Natural Gas Utility (38) .................. 546Natural Gas (Div.) (93) .................. 523Newspaper (--) ............................ 2379Office Equip/Supplies (92) .......... 1414Oil/Gas Distribution (62) ................ 607Oilfield Svcs/Equip. (95) .............. 2416Packaging & Container (58) ........ 1169Paper/Forest Products (89) ......... 1160Petroleum (Integrated) (42) ........... 501Petroleum (Producing) (94) ......... 2398Pharmacy Services (75) ................ 966Pipeline MLPs (16) ........................ 620Power (41) ................................... 1207Precious Metals (2) ..................... 1569Precision Instrument (47) .............. 112Public/Private Equity (--) ............. 2447Publishing (82) ............................ 2372

Railroad (23) .................................. 338R.E.I.T. (22) ................................. 1510Recreation (60) ............................ 2301Reinsurance (34) ......................... 2018Restaurant (43) ............................. 350Retail Automotive (12) ................. 2117Retail Building Supply (15) .......... 1136Retail (Hardlines) (90) ................. 2162Retail (Softlines) (83) .................. 2192Retail Store (35) .......................... 2133Retail/Wholesale Food (9) ........... 1944Semiconductor (56) ..................... 1350Semiconductor Equip (49) ........... 1386Shoe (36) ..................................... 2152

*Steel (91) ....................................... 736Telecom. Equipment (39) .............. 939Telecom. Services (72) ................. 916Telecom. Utility (24) .................... 1027Thrift (14) ..................................... 1501Tobacco (74) ............................... 1990Toiletries/Cosmetics (25) ............. 1005Trucking (69) ................................. 317Water Utility (1) ........................... 1788Wireless Networking (50) .............. 592

In three parts: This is Part 1, the Summary & Index. Part 2 is Selection & Opinion. Part 3 is Ratings & Reports. Volume LXXV, No. 17.Published weekly by VALUE LINE PUBLISHING LLC, 551 Fifth Avenue, New York, NY 10176

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. THE PUBLISHER IS NOTRESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for each subscriber’s own, non-commercial, internal use. No part of this publication may bereproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

See back cover for important disclosures.

Part 1

Summary&

Index

THE ALUE LINEInvestment Survey®

File at the front of theRatings & Reports

binder. Last week’sSummary & Index

should be removed.

December 6, 2019

®

TABLE OF SUMMARY & INDEX CONTENTS Summary & IndexPage Number

SCREENS

The Median of EstimatedPRICE-EARNINGS RATIOSof all stocks with earnings

17.726 Weeks Market Low Market High

Ago16.5

3-9-0910.3

7-26-1917.3

The Median of EstimatedDIVIDEND YIELDS

(next 12 months) of all dividendpaying stocks

2.2%26 Weeks Market Low Market High

Ago2.3%

3-9-094.0%

7-26-192.2%

The Median EstimatedTHREE-TO-FIVE YEAR PRICEAPPRECIATION POTENTIAL

of all 1700 stocks in the VL Universe

45%26 Weeks Market Low Market High

Ago60%

3-9-09185%

7-26-1950%

The Median EstimatedAPPRECIATION POTENTIAL TO

18-MONTH TARGET PRICE RANGEof all 1700 stocks in the VL Universe

7%26 Weeks Market Low Market High

Ago12%

3-9-09N/A

7-26-197%

ANALYSES OF INDUSTRIES IN ALPHABETICAL ORDER WITH PAGE NUMBERNumeral in parenthesis after the industry is rank for probable performance (next 12 months).

*Reviewed in this week’s issue.

PAGE PAGE PAGE PAGE

Page 2: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1702 AAON, Inc. (NDQ) AAON 49.56 3 3 3 1.30 40- 60 (N- 20%) 37.3 0.6 1.33 .32 40 9/30 .26 .27 12/31 .16 .16 YES702 AAR Corp. AIR 44.77 3 3 3 1.20 40- 60 (N- 35%) 17.6 0.7 2.55 .30 45 8/31 .49 .54 12/31 .075 .075 YES

2661 1965 AB InBev ADR BUD 79.09 3 2 2 1.00 100- 135 (25- 70%) 16.8 2.6 4.70 2.05 48 9/30 1.51 .48 9/30 NIL NIL YES1742 ABB Ltd. ADR ABB 22.00 – 2 – 1.10 25- 35 (15- 60%) 22.7 3.6 .97 .79 52 9/30 .20 .19 9/30 NIL NIL YES377 ABM Industries Inc. ABM 38.32 2 3 3 .90 50- 75 (30- 95%) 18.1 1.9 2.12 .72 10 7/31 .60 .57 12/31 .18 .175 YES

1415 ACCO Brands ACCO 9.33 3 3 4 1.20 14- 20 (50-115%) 8.0 2.8 1.16 .26 92 9/30 .32 .34 12/31 ▲ .065 .06 YES2614 ACI Worldwide (NDQ) ACIW 37.45 3 3 4 1.15 35- 45 (N- 20%) 35.0 NIL 1.07 NIL 3 9/30 .27 .13 9/30 NIL NIL YES1318 ADT Inc. ADT 9.15 – 3 – NMF 12- 18 (30- 95%) 91.5 1.5 .10 .14 59 9/30 d.25 d.31 3/31 .035 .035 YES1208 AES Corp. AES 18.78 3 3 4 1.15 16- 25 (N- 35%) 15.0 2.9 1.25 .55 41 9/30 .32 .15 12/31 .137 .14 YES148 AGCO Corp. AGCO 80.68 3 3 3 1.15 85- 125 (5- 55%) 15.5 0.8 5.22 .64 55 9/30 .82 .91 12/31 .16 .15 YES

2380 A.H. Belo AHC SEE FINAL REPORT737 AK Steel Holding AKS 2.71 4 5 3 2.10 6- 10 (120-270%) NMF NIL ▼d.02 NIL 91 9/30 .01 .21 9/30 NIL NIL YES

2302 AMC Entertainment Hldgs. AMC 8.38 3 3 3 1.05 20- 30 (140-260%) 15.0 9.5 .56 .80 60 9/30 d.53 d.82 12/31 .20 .20 YES2325 AMC Networks (NDQ) AMCX 38.76 3 3 2 .90 115- 175 (195-350%) 4.5 NIL 8.66 NIL 86 9/30 2.33 2.15 9/30 NIL NIL YES1647 AMN Healthcare AMN 60.45 3 3 3 1.15 60- 90 (N- 50%) 20.3 NIL 2.98 NIL 73 9/30 .49 .58 9/30 NIL NIL YES2635 ANGI Homeservices (NDQ) ANGI 8.03 5 3 3 .95 11- 17 (35-110%) 53.5 NIL .15 NIL 70 9/30 .04 .05 9/30 NIL NIL YES1570 ASA Gold & Precious ASA 11.81 – 3 – .70 13- 19 (10- 60%) NMF 0.2 NMF .02-NIL 2 8/31 16.08(q) 10.08(q) 12/31 .01 .01 YES1648 ASGN Inc. ASGN 66.06 3 3 4 1.40 105- 155 (60-135%) 16.9 NIL 3.91 NIL 73 9/30 1.08 .93 9/30 NIL NIL YES

1240 917 AT&T Inc. T 37.26 2 1 2 .75 50- 60 (35- 60%) 10.2 5.6 3.65 2.07 72 9/30 .94 .90 12/31 .51 .50 YES940 A10 Networks ATEN 6.71 3 4 2 1.25 6- 10 (N- 50%) NMF NIL d.31 NIL 39 9/30 NIL d.02 9/30 NIL NIL YES918 ATN International (NDQ) ATNI 55.52 4 3 3 .80 50- 75 (N- 35%) NMF 1.2 .50 .68 72 9/30 .09 .55 12/31 .17 .17 YES

★★ 1319 AVX Corp. AVX 15.02 – 3 – 1.15 25- 35 (65-135%) 12.2 3.1 1.23 .47 59 9/30 .20 .43 12/31 .115 .115 YES2536 AXA Equitable Holdings EQH 24.62 – 2 – NMF 30- 40 (20- 60%) 5.7 2.4 4.33 .60 13 9/30 1.38 d.89 12/31 .15 .13 YES

230 2134 Aaron’s Inc. AAN 57.21 2 3 1 1.10 65- 100 (15- 75%) 14.2 0.3 4.02 .16 35 9/30 .73 .69 3/31 ▲ .04 .035 YES199 Abbott Labs. ABT 84.49 2 1 3 1.05 90- 110 (5- 30%) 24.6 1.5 3.43 1.28 21 9/30 .84 .75 12/31 .32 .28 YES

1611 AbbVie Inc. ABBV 87.76 3 3 5 1.10 115- 175 (30-100%) 9.6 5.4 9.15 4.72 61 9/30 2.33 2.14 3/31 ▲ 1.18 1.07 YES2193 Abercrombie & Fitch ANF 16.33 4 4 4 1.20 30- 50 (85-205%) 14.1 4.9 1.16 .80 83 10/31 ◆.10 .35 12/31 .20 .20 YES418 Aberdeen Australia Fd. (ASE) IAF 5.34 – 3 – .95 9- 13 (70-145%) NMF 3.0 NMF .16 – 10/31 5.77(q) 5.51(q) 9/30 .039 NIL

1197 Aberdeen Asia-Pac. Fd.(ASE) FAX 4.27 – 4 – .60 4- 7 (N- 65%) NMF 7.7 NMF .33 – 4/30 4.80(q) 5.14(q) 9/30 .083 .105419 Aberdeen Japan Equity JEQ 7.99 – 3 – .95 9- 14 (15- 75%) NMF 1.0 NMF .08 – 10/31 8.97(q) 8.66(q) 9/30 NIL NIL169 ABIOMED Inc. (NDQ) ABMD 187.57 5 3 4 1.30 210- 310 (10- 65%) 49.4 NIL 3.80 NIL 8 9/30 .28 1.09 9/30 NIL NIL YES941 Acacia Communications(NDQ) ACIA 67.04 – 4 – 1.30 45- 75 (N- 10%) 65.1 NIL 1.03 NIL 39 9/30 .35 .19 9/30 NIL NIL YES

2615 Accenture Plc ACN 198.36 ▼2 1 3 1.05 180- 220 (N- 10%) 26.1 1.6 7.59 3.20 3 8/31 1.74 1.58 12/31 .80 1.46 YES2007 Activision Blizzard (NDQ) ATVI 53.73 3 3 3 1.05 50- 70 (N- 30%) 27.7 0.7 1.94 .40 51 9/30 .26 .34 9/30 NIL NIL YES

1663 149 Actuant Corp. EPAC 24.42 – 3 – 1.45 17- 25 (N- N%) 44.4 0.2 .55 .04 55 8/31 d.05 .39 12/31 .04 .04 YES1850 1302 Acuity Brands AYI 129.47 4 3 4 1.30 220- 330 (70-155%) 12.9 0.4 10.00 .52 64 8/31 2.75 2.68 12/31 .13 .13 YES

1198 Adams Divers. Equity Fd ADX 15.49 – 2 – 1.00 18- 25 (15- 60%) NMF 1.6 NMF .25 – 9/30 17.92(q) 19.34(q) 12/31 .09 .07973 Adient plc ADNT 22.06 4 3 3 1.55 30- 40 (35- 80%) 10.0 NIL 2.20 NIL 87 9/30 .63 1.30 9/30 NIL .275 YES

2586 Adobe Inc. (NDQ) ADBE 305.28 2 2 4 1.10 390- 530 (30- 75%) 46.3 NIL 6.60 NIL 11 8/31 1.61 1.34 9/30 NIL NIL YES2661 1998 Adtalem Global Educ. ATGE 35.24 4 3 5 1.10 55- 85 (55-140%) 11.6 NIL 3.05 NIL 33 9/30 .34 .45 9/30 NIL NIL YES2027 942 ADTRAN, Inc. (NDQ) ADTN 9.26 4 3 3 .90 20- 35 (115-280%) 42.1 3.9 .22 .36 39 9/30 d.19 .16 12/31 .09 .09 YES

2118 Advance Auto Parts AAP 159.15 3 3 2 1.00 185- 280 (15- 75%) 18.2 0.2 8.74 .24 12 9/30 2.10 1.89 3/31 .06 .06 YES408 Advanced Disposal ADSW 32.85 – 3 – .75 25- 35 (N- 5%) 86.4 NIL .38 NIL 5 9/30 .04 d.06 9/30 NIL NIL YES

447 1351 Advanced Energy (NDQ) AEIS 63.38 3 3 3 1.30 70- 110 (10- 75%) 19.4 NIL 3.26 NIL 56 9/30 .54 1.05 9/30 NIL NIL YES1352 Advanced Micro Dev. (NDQ) AMD 39.79 3 4 4 1.80 15- 25 (N- N%) 75.1 NIL .53 NIL 56 9/30 .18 .13 9/30 NIL NIL YES558 AdvanSix Inc. ASIX 20.37 4 3 3 1.60 30- 40 (45- 95%) 13.7 NIL 1.49 NIL 66 9/30 .28 .18 9/30 NIL NIL YES

2227 1226 AECOM ACM 42.96 3 3 2 1.40 40- 60 (N- 40%) 13.9 NIL 3.10 NIL 84 9/30 .79 .83 9/30 NIL NIL YES1102 Aegion Corp. (NDQ) AEGN 21.47 3 3 2 1.30 25- 40 (15- 85%) 15.8 NIL 1.36 NIL 31 9/30 .40 .45 9/30 NIL NIL YES2537 AerCap Hldgs. NV AER 60.84 3 3 3 1.55 70- 100 (15- 65%) 7.8 NIL 7.80 NIL 13 9/30 2.01 1.79 9/30 NIL NIL YES1743 Aerojet Rocketdyne AJRD 44.45 3 3 2 1.05 45- 65 (N- 45%) 26.8 NIL 1.66 NIL 52 9/30 .39 .82 9/30 NIL NIL YES703 AeroVironment (NDQ) AVAV 60.44 4 3 3 1.10 70- 110 (15- 80%) 37.5 NIL 1.61 NIL 45 7/31 .74 .85 9/30 NIL NIL YES

2538 Affiliated Managers AMG 86.55 4 3 5 1.50 155- 235 (80-170%) 10.5 1.6 8.27 1.37 13 9/30 1.71 2.34 12/31 .32 .30 YES1558 Aflac Inc. AFL 54.30 2 1 3 .95 65- 80 (20- 45%) 12.2 2.0 4.46 1.11 37 9/30 1.16 1.03 12/31 .27 .26 YES

113 Agilent Technologies A 80.26 3 2 3 1.10 90- 125 (10- 55%) 23.9 0.9 3.36 .72 47 10/31 ◆.89 .81 3/31 ▲ .18 .164 YES1571 Agnico Eagle Mines AEM 58.15 ▲1 3 2 .45 65- 95 (10- 65%) 45.1 1.2 1.29 .70 2 9/30 .32 .07 12/31 ▲ .175 .11 YES

A -AG Page 2 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

Index to StocksPrices quoted are as of November 25, 2019.

All shares are traded on the New York Stock Exchange except where noted.

Volume LXXV, Number 17, Issue 4. The Value Line Investment Survey (ISSN 0042-2401) is published weekly by Value Line PublishingLLC, 551 Fifth Avenue New York, NY 10176 and is accorded expeditious treatment prescribed for newspapers. Subscription rate for oneyear in the United States and US possessions is $598. Foreign rates upon request. Periodical Postage Paid at New York, NY andadditional mailing offices.

The contents are protected by copyright 2019. Factual material is not guaranteed, but is obtained from sources believed to be reliable.Rights of reproduction and distribution are reserved to the publisher VALUE LINE PUBLISHING LLC.

CHANGE OF ADDRESS: Postmaster: Send address change to:The Value Line Investment Survey, 551 Fifth Avenue New York, NY 10176

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 3: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2437 Air Products & Chem. APD 234.74 3 1 3 1.00 230- 280 (N- 20%) 26.2 2.0 8.97 4.64 80 9/30 2.27 2.00 12/31 1.16 1.10 YES233 2539 Aircastle Ltd. AYR 32.26 – 3 – 1.35 30- 45 (N- 40%) 12.2 4.0 2.65 1.28 13 9/30 .72 .46 12/31 ▲ .32 .30 YES

1819 Akamai Technologies (NDQ) AKAM 87.74 1 3 2 1.10 120- 175 (35-100%) 29.6 NIL 2.96 NIL 54 9/30 .84 .64 9/30 NIL NIL YES1612 Akorn, Inc. (NDQ) AKRX 4.01 – 4 – 1.35 4- 7 (N- 75%) NMF NIL d2.31 NIL 61 9/30 .38 d.56 9/30 NIL NIL YES302 Alaska Air Group ALK 68.79 3 3 2 1.05 85- 125 (25- 80%) 10.1 2.0 6.81 1.40 71 9/30 2.63 1.91 12/31 .35 .32 YES

1703 Albany Int’l ‘A’ AIN 86.29 2 3 3 1.15 80- 120 (N- 40%) 26.2 0.8 3.29 .72 40 9/30 1.17 .85 12/31 .18 .17 YES2438 Albemarle Corp. ALB 65.14 3 3 3 1.40 100- 150 (55-130%) 10.0 2.3 6.49 1.47 80 9/30 1.46 1.20 3/31 .368 .335 YES

2227 1583 Alcoa Corp. AA 20.44 4 3 3 1.75 35- 50 (70-145%) NMF NIL d.27 NIL 81 9/30 d.44 .63 9/30 NIL NIL YES1511 Alexandria Real Estate ARE 160.81 3 3 2 .85 165- 245 (5- 50%) 81.2 2.5 1.98 4.00 22 9/30 .44 1.99 12/31 1.00 .93 YES

1036 1613 Alexion Pharmac. (NDQ) ALXN 114.30 3 3 5 1.20 175- 265 (55-130%) 16.6 NIL 6.90 NIL 61 9/30 2.08 1.47 9/30 NIL NIL YES2636 Alibaba Group Hldg Ltd. BABA 190.45 3 3 3 1.15 200- 300 (5- 60%) 28.1 NIL 6.77 NIL 70 9/30 1.83 1.40 9/30 NIL NIL YES200 Align Techn. (NDQ) ALGN 278.07 4 3 5 1.10 295- 445 (5- 60%) 48.2 NIL 5.77 NIL 21 9/30 1.22 1.24 9/30 NIL NIL YES

1945 Ali. Couche-Tard (TSE) ATDB.TO 42.96b 3 3 3 .75 55- 80 (30- 85%) 20.2 0.6 2.13 .27 9 7/31 .62(b) .55(b) 9/30 .063(b) .10(b) YES828 Alkermes plc (NDQ) ALKS 21.41 5 3 5 1.40 70- 100 (225-365%) 31.5 NIL ▲ .68 NIL 77 9/30 d.04 .07 9/30 NIL NIL YES754 Alleghany Corp. Y 779.56 ▼2 1 3 .95 760- 930 (N- 20%) 19.0 NIL 41.05 NIL 4 9/30 6.27 19.07 9/30 NIL NIL YES

1584 Allegheny Techn. ATI 23.38 4 4 4 1.95 35- 55 (50-135%) 14.5 NIL 1.61 NIL 81 9/30 .33 .37 9/30 NIL NIL YES303 Allegiant Travel (NDQ) ALGT 169.42 3 3 3 .85 245- 365 (45-115%) 11.2 1.7 15.15 2.80 71 9/30 2.70 .94 12/31 .70 .70 YES

1320 Allegion plc ALLE 119.81 ▲2 3 3 1.10 100- 155 (N- 30%) 22.5 0.9 5.32 1.08 59 9/30 1.47 1.23 9/30 .27 .21 YES1614 Allergan plc AGN 185.00 – 3 – 1.05 180- 275 (N- 50%) 11.1 1.6 16.73 2.96 61 9/30 4.25 4.25 12/31 .74 .72 YES902 ALLETE ALE 79.56 3 2 1 .65 65- 85 (N- 5%) 22.5 3.1 3.53 2.43 26 9/30 .60 .59 12/31 .588 .56 YES431 Alliance Data Sys. ADS 105.40 – 3 – 1.20 210- 315 (100-200%) 5.4 2.4 19.50 2.52 6 9/30 5.05 6.26 12/31 .63 .57 YES

1585 Alliance Resource (NDQ) ARLP 11.14 4 3 3 1.15 30- 45 (170-305%) 7.3 19.4 1.52 2.16 81 9/30 .42 .55 12/31 .54 .525 YES2540 AllianceBernstein Hldg. AB 28.96 3 3 3 1.10 35- 50 (20- 75%) 12.2 8.1 2.38 2.36 13 9/30 .62 .68 12/31 .63 .69 YES903 Alliant Energy (NDQ) LNT 52.75 2 2 2 .60 35- 50 (N- N%) 22.3 2.7 2.37 1.42 26 9/30 .94 .87 12/31 .355 .335 YES974 Allison Transmission ALSN 48.13 3 3 3 1.05 85- 125 (75-160%) 10.6 1.2 4.52 .60 87 9/30 1.23 1.27 12/31 .15 .15 YES819 Allscripts Healthcare (NDQ) MDRX 11.03 4 3 3 1.00 ▲ 14- 20 (25- 80%) 16.0 NIL .69 NIL 78 9/30 .17 .18 9/30 NIL NIL YES755 Allstate Corp. ALL 110.64 2 1 3 .80 160- 200 (45- 80%) 10.1 1.8 10.92 2.00 4 9/30 2.84 1.93 12/31 .50 .46 YES

2502 Ally Financial ALLY 32.32 2 3 3 1.20 60- 85 (85-165%) 8.2 2.1 3.94 .68 46 9/30 1.01 .91 12/31 .17 .15 YES829 Alnylam Pharmac. (NDQ) ALNY 112.42 3 4 4 1.60 ▲ 115- 190 (N- 70%) NMF NIL d7.65 NIL 77 9/30 d1.92 d2.43 9/30 NIL NIL YES

2637 Alphabet Inc. (NDQ) GOOG 1306.69 3 1 3 1.05 2095-2560 (60- 95%) 23.3 NIL 56.04 NIL 70 9/30 10.12 13.06 9/30 NIL NIL YES232 1017 Altice USA ATUS 25.60 1 3 2 1.25 25- 35 (N- 35%) 31.6 NIL .81 NIL 20 9/30 .12 .04 9/30 NIL NIL YES

1704 Altra Industrial Motion (NDQ) AIMC 33.87 – 3 – 1.35 55- 80 (60-135%) 11.6 2.0 2.91 .68 40 9/30 .69 .71 3/31 .17 .17 YES1662 1991 Altria Group MO 49.26 3 2 4 .70 75- 100 (50-105%) 11.3 6.8 4.36 3.36 74 9/30 1.19 1.08 12/31 ▲ .84 .80 YES

2638 Amazon.com (NDQ) AMZN 1773.84 3 3 2 1.20 2290-3430 (30- 95%) 66.1 NIL 26.84 NIL 70 9/30 4.23 5.75 9/30 NIL NIL YES2027 1353 Ambarella, Inc. (NDQ) AMBA 58.03 ▲2 4 3 1.45 35- 60 (N- 5%) NMF NIL .48 NIL 56 10/31 ◆.32 .21 9/30 NIL NIL YES

2616 Amdocs Ltd. (NDQ) DOX 69.09 1 1 3 .80 70- 85 (N- 25%) 19.1 1.7 3.62 1.14 3 9/30 .90 .31 3/31 .285 .25 YES230 791 Amedisys, Inc. (NDQ) AMED 163.29 2 3 3 1.10 130- 190 (N- 15%) 33.8 NIL 4.83 NIL 18 9/30 1.15 .95 9/30 NIL NIL YES

318 AMERCO (NDQ) UHAL 364.50 3 3 2 .90 335- 505 (N- 40%) 18.2 NIL 19.99 NIL 69 9/30 7.97 8.35 9/30 NIL NIL904 Ameren Corp. AEE 74.17 3 2 2 .55 55- 75 (N- N%) 22.1 2.7 3.35 2.02 26 9/30 1.47 1.45 12/31 ▲ .495 .475 YES919 America Movil AMX 15.66 3 3 3 1.05 18- 25 (15- 60%) 14.6 2.4 1.07 .37 72 9/30 .20 .30 12/31 .178 .157 YES304 Amer. Airlines (NDQ) AAL 28.99 3 3 3 1.30 50- 70 (70-140%) 5.6 1.4 5.16 .40 71 9/30 1.42 1.13 12/31 .10 .10 YES

232 975 Amer. Axle AXL 10.00 5 3 3 1.65 30- 40 (200-300%) 6.7 NIL 1.49 NIL 87 9/30 .58 .63 9/30 NIL NIL YES1036 2194 Amer. Eagle Outfitters AEO 14.84 3 3 3 .95 25- 35 (70-135%) 9.3 3.7 1.59 .55 83 7/31 .39 .34 12/31 .138 .137 YES

905 Amer. Elec. Power AEP 90.89 3 1 1 .55 80- 95 (N- 5%) 22.1 3.1 4.11 2.84 26 9/30 1.49 1.17 12/31 ▲ .70 .67 YES2455 2541 Amer. Express AXP 120.60 2 1 2 1.05 130- 160 (10- 35%) 14.1 1.4 8.56 1.72 13 9/30 2.08 1.88 12/31 ▲ .43 .39 YES

756 Amer. Financial Group AFG 107.83 2 2 2 .90 105- 145 (N- 35%) 12.2 1.7 8.86 1.80 4 9/30 2.25 2.19 12/31 ▲ .45 .40 YES1512 Amer. Homes 4 Rent AMH 26.50 2 3 2 .70 25- 40 (N- 50%) NMF 0.8 .17 .20 22 9/30 .08 .05 3/31 .05 .05 YES2542 Amer. Int’l Group AIG 53.31 3 3 2 1.05 65- 100 (20- 90%) 11.3 2.4 4.71 1.28 13 9/30 .72 d1.37 12/31 .32 .32 YES

448 2303 Amer. Outdoor Brands (NDQ) AOBC 8.63 5 3 4 .80 17- 25 (95-190%) 19.6 NIL .44 NIL 60 7/31 d.04 .14 9/30 NIL NIL YES1789 Amer. States Water AWR 84.91 1 2 1 .65 55- 75 (N- N%) 40.8 1.4 2.08 1.23 1 9/30 .76 .62 12/31 .305 .275 YES593 Amer. Tower ‘A’ AMT 209.71 1 2 2 .75 170- 230 (N- 10%) 49.9 2.1 4.20 4.42 50 9/30 1.12 .83 12/31 ▲ .95 .84 YES

2228 559 Amer. Vanguard Corp. AVD 15.53 4 3 5 1.20 25- 35 (60-125%) 26.8 0.5 .58 .08 66 9/30 .11 .22 12/31 .02 .02 YES1790 Amer. Water Works AWK 119.31 1 3 2 .55 80- 120 (N- N%) 32.3 1.8 3.69 2.09 1 9/30 1.33 1.03 12/31 .50 .455 YES1103 Amer. Woodmark (NDQ) AMWD 105.35 3 3 3 1.15 120- 175 (15- 65%) 14.5 NIL 7.27 NIL 31 10/31 ◆1.84 1.60 9/30 NIL NIL YES2543 Ameriprise Fin’l AMP 161.78 2 3 3 1.40 170- 255 (5- 60%) 10.5 2.4 15.41 3.88 13 9/30 4.04 3.43 12/31 .97 .90 YES201 AmerisourceBergen ABC 90.64 2 3 2 1.00 120- 180 (30-100%) 12.2 1.9 7.41 1.68 21 9/30 1.61 1.45 12/31 .40 .40 YES

1744 AMETEK, Inc. AME 98.71 2 2 3 1.15 100- 135 (N- 35%) 23.4 0.6 4.22 .56 52 9/30 .96 .82 12/31 .14 .14 YES830 Amgen (NDQ) AMGN 234.54 3 1 3 1.05 285- 350 (20- 50%) 15.8 2.6 14.87 6.00 77 9/30 3.66 3.69 12/31 1.45 1.32 YES

2260 1387 Amkor Technology (NDQ) AMKR 12.50 3 4 3 1.25 11- 18 (N- 45%) 40.3 NIL .31 NIL 49 9/30 .23 .24 9/30 NIL NIL YES1321 Amphenol Corp. APH 103.25 3 1 3 1.05 100- 120 (N- 15%) 26.7 1.0 3.86 1.00 59 9/30 .92 1.01 3/31 .25 .23 YES1354 Analog Devices (NDQ) ADI 112.93 3 2 2 1.20 120- 165 (5- 45%) 21.6 1.9 5.23 2.16 56 10/31 ◆1.19 1.55 12/31 ◆.54 .48 YES

1850 170 AngioDynamics (NDQ) ANGO 15.62 3 3 4 .95 20- 30 (30- 90%) NMF NIL .05 NIL 8 8/31 d.03 d.15 9/30 NIL NIL YES1572 AngloGold Ashanti ADS AU 18.33 3 4 1 .35 20- 35 (10- 90%) 15.1 0.3 1.21 .05 2 6/30 .29(p) .20(p) 9/30 NIL NIL YES

2661 1322 Anixter Int’l AXE 85.65 – 3 – 1.35 95- 140 (10- 65%) 13.5 NIL 6.33 NIL 59 9/30 1.73 1.40 9/30 NIL NIL YES1513 Annaly Capital Mgmt. NLY 9.25 3 3 4 .65 9- 13 (N- 40%) 9.3 10.8 1.00 1.00 22 9/30 .21 .30 12/31 .25 .078 YES2587 ANSYS, Inc. (NDQ) ANSS 249.42 1 2 3 1.05 190- 260 (N- 5%) 39.3 NIL 6.35 NIL 11 9/30 1.42 1.31 9/30 NIL NIL YES608 Antero Midstream Corp. AM 5.00 – 4 – NMF 13- 20 (160-300%) NMF 24.6 d.01 1.23-.61 62 9/30 d.57 NA 12/31 .308 NIL YES524 Antero Resources AR 2.09 5 5 2 1.50 5- 7 (140-235%) NMF NIL d.87 NIL 93 9/30 d.49 .24 9/30 NIL NIL YES792 Anthem, Inc. ANTM 293.89 3 2 5 .95 440- 590 (50-100%) 13.4 1.1 21.98 3.20 18 9/30 4.87 3.81 12/31 .80 .75 YES

2544 Aon plc AON 200.48 2 1 3 .90 205- 250 (N- 25%) 20.5 0.9 9.77 1.76 13 9/30 1.45 1.31 12/31 .44 .40 YES2399 Apache Corp. APA 23.55 5 3 3 1.70 45- 70 (90-195%) NMF 4.2 d.56 1.00 94 9/30 d.29 .50 12/31 .25 .25 YES1514 Apartment Investment AIV 53.19 3 3 1 .80 55- 80 (5- 50%) 25.1 2.9 2.12 1.56 22 9/30 .01 3.61 12/31 .39 .392 YES

2227 1615 Aphria Inc. APHA 4.56 – 4 – NMF 15- 25 (230-450%) 26.8 NIL .17 NIL 61 8/31 .05 .07 9/30 NIL NIL YES1421 1104 Apogee Enterprises (NDQ) APOG 38.30 3 3 3 1.40 55- 80 (45-110%) 11.4 1.8 3.36 .70 31 8/31 .72 .75 12/31 .175 .175 YES

2448 Apollo Global Mgmt APO 43.23 – 3 – 1.20 35- 50 (N- 15%) 16.0 4.6 2.70 2.00 – 9/30 1.63 .83 12/31 .50 .46 YES2449 Apollo Investment (NDQ) AINV 16.56 3 3 3 .95 25- 40 (50-140%) 10.0 10.9 1.65 1.80 – 9/30 .10 .39 3/31 .45 .45 YES

2660 1398 Apple Inc. (NDQ) AAPL 266.37 3 2 3 1.05 270- 370 (N- 40%) 20.1 1.2 13.23 3.18 67 9/30 3.03 2.91 12/31 .77 .73 YES1705 Applied Ind’l Techn. AIT 64.50 4 3 5 1.05 85- 125 (30- 95%) 15.4 2.0 4.20 1.31 40 9/30 1.00 1.24 12/31 .31 .30 YES

641 1388 Applied Materials (NDQ) AMAT 58.28 3 3 3 1.30 60- 90 (5- 55%) 18.3 1.5 3.18 .85 49 10/31 .80 .97 12/31 .21 .20 YES1170 AptarGroup ATR 110.95 2 2 2 .85 100- 135 (N- 20%) 25.5 1.3 4.35 1.44 58 9/30 .93 .60 12/31 .36 .34 YES976 Aptiv PLC APTV 94.02 3 3 2 1.30 90- 135 (N- 45%) 19.5 0.9 4.81 .88 87 9/30 .96 .84 12/31 .22 .22 YES

1791 Aqua America WTR 43.66 2 2 1 .65 40- 55 (N- 25%) 29.9 2.2 1.46 .95 1 9/30 .38 .44 12/31 .234 .219 YES

AI-AQ

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December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 3

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

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potential

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Ratio

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Est’dEarns.

12 mos.to

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(f)Est’dDiv’dnext12mos.

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Page 4: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1745 ARAMARK Holdings ARMK 44.41 3 3 2 1.00 50- 75 (15- 70%) 27.6 1.0 1.61 .44 52 9/30 .34 .69 12/31 .11 .11 YES319 ArcBest Corp. (NDQ) ARCB 28.84 4 3 3 1.55 70- 110 (145-280%) 11.1 1.2 2.60 .36 69 9/30 1.02 1.44 12/31 .08 .08 YES738 ArcelorMittal MT 17.45 5 3 5 1.85 ▼ 30- 50 (70-185%) NMF 1.1 ▼d.12 .20 91 9/30 d.53 .88 9/30 NIL NIL YES757 Arch Capital Group (NDQ) ACGL 41.20 1 1 2 .80 40- 50 (N- 20%) 14.3 NIL 2.89 NIL 4 9/30 .63 .59 9/30 NIL NIL YES

1902 Archer Daniels Midl’d ADM 43.08 3 2 4 1.05 50- 65 (15- 50%) 13.3 3.4 3.24 1.46 30 9/30 .72 .94 12/31 .35 .335 YES1586 Arconic Inc. ARNC 30.96 1 3 4 1.65 45- 65 (45-110%) 14.5 0.3 2.13 .08 81 9/30 .58 .32 12/31 .02 .06 YES2019 Argo Group Int’l ARGO 63.56 3 2 2 .85 85- 110 (35- 75%) 8.8 2.0 7.24 1.24 34 9/30 d.73 1.17 12/31 .31 .27

231 1820 Arista Networks ANET 197.91 3 3 4 1.15 295- 440 (50-120%) 21.7 NIL 9.10 NIL 54 9/30 2.59 2.11 9/30 NIL NIL YES1105 Armstrong World Inds. AWI 94.66 2 3 2 1.15 85- 125 (N- 30%) 20.4 0.8 4.64 .80 31 9/30 1.83 1.23 12/31 ▲ .20 .175 YES1323 Arrow Electronics ARW 80.54 3 3 3 1.35 85- 130 (5- 60%) 10.4 NIL 7.71 NIL 59 9/30 1.86 2.18 9/30 NIL NIL YES

2465 2119 Asbury Automotive ABG 111.14 2 3 3 1.25 95- 145 (N- 30%) 11.9 NIL 9.34 NIL 12 9/30 2.33 2.21 9/30 NIL NIL YES560 Ashland Global Hldgs. ASH 71.80 3 3 3 1.05 80- 120 (10- 65%) 32.3 1.6 2.22 1.18 66 9/30 .77 .17 12/31 .275 .25 YES775 Assoc. Banc-Corp ASB 21.72 3 3 5 1.15 30- 45 (40-105%) 11.8 3.3 1.84 .72 53 9/30 .49 .48 12/31 ▲ .18 .17 YES

2545 Assurant Inc. AIZ 132.25 ▼3 2 3 .85 105- 140 (N- 5%) 15.2 1.9 8.72 2.52 13 9/30 d.96 .76 12/31 ▲ .63 .60 YES2020 Assured Guaranty AGO 49.22 3 3 3 1.10 45- 70 (N- 40%) 11.9 1.6 4.14 .78 34 9/30 .70 1.47 12/31 .18 .16 YES150 Astec Inds. (NDQ) ASTE 38.49 4 3 5 1.35 55- 80 (45-110%) 21.9 1.1 1.76 .44 55 9/30 .17 .30 12/31 .11 .11 YES

1616 AstraZeneca PLC (ADS) AZN 48.77 3 3 3 .90 45- 65 (N- 35%) 66.8 2.9 .73 1.40 61 9/30 .12 .17 9/30 .45 .45 YES704 Astronics Corp. (NDQ) ATRO 29.60 4 3 3 1.35 50- 75 (70-155%) 33.3 NIL ▼.89 NIL 45 9/30 .04 .51 9/30 NIL NIL

2163 At Home Group HOME 8.42 3 4 3 1.35 19- 30 (125-255%) 10.8 NIL .78 NIL 90 7/31 .16 d.16 9/30 NIL NIL YES2021 Athene Holding Ltd. ATH 44.58 3 3 4 1.15 65- 95 (45-115%) 5.9 NIL 7.50 NIL 34 9/30 1.34 1.95 9/30 NIL NIL YES305 Atlas Air Worldwide (NDQ) AAWW 26.18 5 3 4 1.70 30- 50 (15- 90%) 5.5 NIL 4.80 NIL 71 9/30 .37 1.54 9/30 NIL NIL YES547 Atmos Energy ATO 106.76 3 1 1 .60 115- 140 (10- 30%) 23.5 2.2 4.54 2.33 38 9/30 .49 .41 12/31 ▲ .575 .525 YES943 AudioCodes Ltd. (NDQ) AUDC 22.96 1 4 3 1.00 17- 30 (N- 30%) 25.8 1.0 .89 .24 39 9/30 .24 .19 9/30 .12 .20 YES

1617 Aurora Cannabis ACB 2.52 – 4 – NMF 16- 25 (535-890%) NMF NIL d.10 NIL 61 9/30 .01 .09 12/31 NIL NIL YES2588 Autodesk, Inc. (NDQ) ADSK 168.88 3 3 4 1.35 145- 215 (N- 25%) 89.4 NIL 1.89 NIL 11 7/31 .18 d.18 9/30 NIL NIL YES977 Autoliv, Inc. ALV 82.77 – 3 – NMF 115- 175 (40-110%) 13.7 3.0 6.03 2.48 87 9/30 .98 1.34 3/31 .62 .62 YES

2617 Automatic Data Proc. (NDQ) ADP 170.20 1 1 3 1.00 175- 215 (5- 25%) 28.4 2.1 6.00 3.64 3 9/30 1.34 1.15 3/31 ▲ .91 .79 YES2120 AutoNation, Inc. AN 51.69 3 3 2 1.10 70- 105 (35-105%) 11.1 NIL 4.66 NIL 12 9/30 1.11 1.24 9/30 NIL NIL YES2121 AutoZone Inc. AZO 1167.95 2 3 3 .80 1020-1530 (N- 30%) 18.5 NIL 63.30 NIL 12 8/31 20.95 18.54 9/30 NIL NIL YES1821 Avalara, Inc. AVLR 78.00 – 3 – NMF 75- 115 (N- 45%) NMF NIL d.43 NIL 54 9/30 d.16 d.36 9/30 NIL NIL YES1515 AvalonBay Communities AVB 212.15 3 2 1 .75 205- 280 (N- 30%) 34.4 3.0 6.16 6.35 22 9/30 2.00 1.39 12/31 1.52 1.47 YES136 AVANGRID, Inc. AGR 48.54 3 2 2 .40 45- 60 (N- 25%) 19.3 3.7 2.52 1.78 17 9/30 .48 .40 12/31 .44 .44 YES202 Avanos Medical AVNS 35.08 3 3 3 1.25 45- 70 (30-100%) 27.6 NIL 1.27 NIL 21 9/30 .30 .09 9/30 NIL NIL YES561 Avantor, Inc. AVTR 17.01 – 3 – NMF 16- 25 (N- 45%) 33.4 NIL .51 NIL 66 9/30 .01 NA 9/30 NIL NIL YES562 Avery Dennison AVY 129.25 3 2 3 1.00 125- 165 (N- 30%) 18.7 1.9 6.91 2.50 66 9/30 1.66 1.69 12/31 .58 .52 YES

2164 Avis Budget Group (NDQ) CAR 30.47 4 4 4 1.55 40- 65 (30-115%) 7.4 NIL 4.14 NIL 90 9/30 2.96 3.33 9/30 NIL NIL YES2215 Avista Corp. AVA 46.80 3 2 1 .60 40- 55 (N- 20%) 22.2 3.4 2.11 1.60 28 9/30 .08 .15 12/31 .388 .373 YES

2027 1324 Avnet, Inc. (NDQ) AVT 41.07 3 3 4 1.25 55- 85 (35-105%) 12.8 2.0 3.20 .84 59 9/30 .60 1.03 12/31 .21 .20 YES1006 Avon Products AVP 4.42 – 5 – 1.65 3- 6 (N- 35%) 20.1 NIL .22 NIL 25 9/30 .11 NIL 9/30 NIL NIL YES563 Axalta Coating AXTA 28.32 – 3 – 1.05 35- 55 (25- 95%) 20.7 NIL 1.37 NIL 66 9/30 .28 d.05 9/30 NIL NIL YES

2022 AXIS Capital Hldgs. AXS 58.23 3 2 1 .80 65- 85 (10- 45%) 11.1 2.7 5.25 1.60 34 9/30 d.39 .96 12/31 .40 .40 YES447 705 Axon Enterprise (NDQ) AAXN 74.33 4 4 3 1.25 35- 55 (N- N%) NMF NIL ▼.58 NIL 45 9/30 .10 .10 9/30 NIL NIL YES

1903 B&G Foods BGS 16.19 4 3 3 .60 45- 65 (180-300%) 7.7 11.7 2.10 1.90 30 9/30 .54 .57 3/31 .475 .475 YES2503 BB&T Corp. BBT 55.20 3 2 3 1.10 55- 80 (N- 45%) 14.4 3.3 3.84 1.84 46 9/30 .95 1.01 12/31 .45 .405 YES1028 BCE Inc. BCE 47.90 1 2 2 .70 45- 60 (N- 25%) 17.1 5.1 2.80 2.44 24 9/30 .73 .75 3/31 .602 .566 YES1799 BGC Partners (NDQ) BGCP 5.74 – 3 – NMF 7- 11 (20- 90%) 8.2 9.8 .70 .56 19 9/30 .15 .16 12/31 .14 .18 YES1587 BHP Group Ltd. ADR BHP 51.46 3 3 3 1.35 65- 100 (25- 95%) 12.9 5.2 4.00 2.70(h)81 6/30 1.80(p) 1.74(p) 9/30 1.56 1.26 YES351 BJ’s Restaurants (NDQ) BJRI 41.43 4 3 4 .85 80- 125 (95-200%) 20.5 1.3 2.02 .52 43 9/30 .18 .39 12/31 ▲ .13 .12 YES

2135 BJ’s Wholesale Club BJ 23.70 – 4 – NMF 30- 50 (25-110%) 15.3 NIL 1.55 NIL 35 10/31 ◆.41 .39 9/30 NIL NIL YES776 BOK Financial (NDQ) BOKF 83.91 3 3 4 1.25 100- 150 (20- 80%) 11.3 2.4 7.43 2.04 53 9/30 2.00 1.79 12/31 ▲ .51 .50 YES502 BP PLC ADR BP 38.63 3 3 3 1.20 60- 90 (55-135%) 17.2 6.4 2.24 2.46 42 9/30 d.22 1.00 12/31 .615 .615 YES

1421 1029 BT Group ADR(g) BTTGY SEE FINAL SUPPLEMENT1209 BWX Technologies BWXT 60.46 3 3 3 1.05 60- 90 (N- 50%) 23.1 1.1 2.62 .68 41 9/30 .79 .78 12/31 .17 .16 YES

114 Badger Meter BMI 61.39 3 3 3 1.00 50- 70 (N- 15%) 36.5 1.1 1.68 .68 47 9/30 .44 .46 12/31 .17 .15 YES2639 Baidu, Inc. (NDQ) BIDU 120.32 5 3 4 1.35 215- 325 (80-170%) 18.3 NIL 6.59 NIL 70 9/30 1.32 5.13 9/30 NIL NIL YES2417 Baker Hughes BKR 22.54 – 3 – NMF 30- 50 (35-120%) 29.3 3.2 .77 .72 95 9/30 .11 .03 12/31 .18 .18 YES564 Balchem Corp. (NDQ) BCPC 100.88 2 3 2 1.10 120- 180 (20- 80%) 37.9 0.5 2.66 .47 66 9/30 .64 .59 9/30 NIL NIL YES

1171 Ball Corp. BLL 64.97 2 2 1 1.00 95- 125 (45- 90%) 23.2 0.9 2.80 .60 58 9/30 .27 .17 12/31 .15 .10 YES2504 BancorpSouth Bank BXS 31.27 3 3 4 1.20 35- 55 (10- 75%) 13.2 2.4 2.37 .76 46 9/30 .63 .67 3/31 .185 .17 YES2505 Bank of America BAC 33.47 3 3 3 1.30 35- 55 (5- 65%) 11.5 2.3 2.92 .76 46 9/30 .75 .66 12/31 .18 .15 YES2506 Bank of Hawaii BOH 90.20 3 2 3 1.00 95- 130 (5- 45%) 15.2 3.0 5.95 2.68 46 9/30 1.29 1.36 12/31 ▲ .67 .62 YES2507 Bank of Montreal (TSE) BMO.TO 101.34b 3 2 5 .80 125- 165 (25- 65%) 10.5 4.3 9.63 4.32 46 7/31 2.34(b) 2.31(b) 12/31 1.03(b) .96(b) YES2508 Bank of New York Mellon BK 49.33 3 2 4 1.10 80- 110 (60-125%) 12.2 2.5 4.05 1.24 46 9/30 1.07 1.06 12/31 .31 .28 YES2509 Bank of Nova Scotia (TSE) BNS.TO 75.80b ▼3 1 3 .85 95- 115 (25- 50%) 10.4 4.9 7.32 3.68 46 10/31 ◆1.77(b) 1.77(b) 3/31 ◆.90(b) .85(b) YES1746 Barnes Group B 60.32 3 3 3 1.30 70- 105 (15- 75%) 18.3 1.1 3.30 .64 52 9/30 .89 .75 12/31 .16 .16 YES1649 Barrett Business Serv. (NDQ) BBSI 88.10 3 4 1 1.10 100- 165 (15- 85%) 16.2 1.4 5.45 1.20 73 9/30 3.24 2.50 12/31 .30 .25 YES1573 Barrick Gold GOLD 16.43 1 4 2 .55 14- 25 (N- 50%) 26.9 1.2 .61 .20 2 9/30 .15 .08 12/31 ▲ .05 .03 YES

1850 1618 Bausch Health BHC 27.70 3 5 4 1.40 25- 50 (N- 80%) 6.6 NIL 4.19 NIL 61 9/30 1.19 1.15 9/30 NIL NIL YES2456 171 Baxter Int’l Inc. BAX 82.04 3 1 3 .85 90- 110 (10- 35%) 23.6 1.1 3.47 .88 8 6/30 .89 .77 3/31 .22 .19 YES

1106 Beacon Roofing (NDQ) BECN 33.37 4 3 3 1.15 25- 40 (N- 20%) NMF NIL .22 NIL 31 9/30 ◆.27 .64 9/30 NIL NIL YES1125 Beazer Homes USA BZH 15.11 3 5 1 1.60 12- 25 (N- 65%) 11.6 NIL 1.30 NIL 7 9/30 .77 1.04 9/30 NIL NIL YES172 Becton, Dickinson BDX 253.86 2 1 2 .90 295- 365 (15- 45%) 20.7 1.2 12.26 3.16 8 9/30 3.31 2.93 12/31 ▲ .79 .77 YES

2027 2165 Bed Bath & Beyond (NDQ) BBBY 13.57 ▲4 3 3 1.15 15- 25 (10- 85%) 25.1 5.0 .54 .68 90 8/31 d1.12 .36 3/31 .17 .16 YES2661 1303 Belden Inc. BDC 54.72 4 3 3 1.60 75- 115 (35-110%) 13.4 0.4 4.08 .20 64 9/30 d6.70 1.80 3/31 ◆.05 .05 YES

1325 Benchmark Electronics BHE 34.74 3 3 3 1.00 35- 50 (N- 45%) 22.6 1.7 1.54 .60 59 9/30 .36 .33 12/31 .15 .15 YES758 Berkley (W.R.) WRB 68.16 1 1 2 .85 60- 75 (N- 10%) 22.6 0.6 3.01 .44 4 9/30 .85 .75 12/31 .11 .10 YES759 Berkshire Hathaway ‘B’ BRKB 219.06 ▲2 1 3 .95 215- 265 (N- 20%) 19.8 NIL 11.04 NIL 4 9/30 3.21 2.79 9/30 NIL NIL YES

1172 Berry Global Group BERY 45.60 4 3 4 1.05 55- 85 (20- 85%) 13.8 NIL 3.31 NIL 58 9/30 ◆.90 .90 9/30 NIL NIL YES★★ 2166 Best Buy Co. BBY 74.25 3 3 3 1.15 85- 130 (15- 75%) 13.1 2.9 5.67 2.15 90 10/31 ◆1.13 .93 12/31 .50 .90 YES

2662 1904 Beyond Meat BYND 77.28 – 4 – NMF 115- 195 (50-150%) NMF NIL NIL NIL 30 9/30 .06 NA 9/30 NIL NIL YES2136 Big Lots Inc. BIG 20.69 5 3 3 1.15 45- 65 (115-215%) 6.7 6.1 3.10 1.26 35 7/31 .16 .59 9/30 .30 .30 YES203 Bio-Rad Labs. ‘A’ BIO 368.83 2 2 3 .95 240- 325 (N- N%) 46.5 NIL 7.93 NIL 21 9/30 1.61 .91 9/30 NIL NIL YES

AR-BI

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 4 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 5: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

BI-CA

831 Bio-Techne Corp. (NDQ) TECH 220.09 3 2 3 1.00 ▼ 135- 185 (N- N%) 78.6 0.6 ▼2.80 1.32 77 9/30 .37 .45 12/31 .32 .32 YES2456 1619 Biogen (NDQ) BIIB 302.61 3 3 4 1.10 310- 470 (N- 55%) 10.0 NIL 30.25 NIL 61 9/30 8.39 7.15 9/30 NIL NIL YES

832 BioMarin Pharmac. (NDQ) BMRN 79.87 3 3 5 1.25 100- 150 (25- 90%) NMF NIL ▼.33 NIL 77 9/30 .30 d.07 9/30 NIL NIL YES2216 Black Hills BKH 77.78 3 2 2 .70 65- 85 (N- 10%) 21.6 2.8 3.60 2.14 28 9/30 .44 .32 12/31 ▲ .535 .505 YES1822 Black Knight, Inc. BKI 61.84 2 3 3 .95 75- 110 (20- 80%) 30.6 NIL 2.02 NIL 54 9/30 .51 .48 9/30 NIL NIL YES2400 Black Stone Minerals BSM 11.99 3 3 3 .90 17- 25 (40-110%) 10.2 12.3 1.18 1.48 94 9/30 ◆.32 .27 12/31 .37 .37 YES

1660 594 BlackBerry BB 5.48 5 4 4 1.50 11- 18 (100-230%) 60.9 NIL .09 NIL 50 8/31 NIL .04 9/30 NIL NIL YES2546 BlackRock, Inc. BLK 491.86 3 2 4 1.25 590- 795 (20- 60%) 16.8 2.7 29.23 13.20 13 9/30 7.15 7.52 12/31 ◆3.30 3.13 YES2450 Blackstone Group BX 52.47 – 3 – 1.30 45- 65 (N- 25%) 16.2 3.7 3.24 1.96 – 9/30 1.15 .64 12/31 .49 .64 YES2547 Block (H&R) HRB 24.40 3 3 3 .80 35- 50 (45-105%) 10.8 4.3 2.25 1.06 13 7/31 d.72 d.72 3/31 .26 .25 YES

233 352 Bloomin’ Brands (NDQ) BLMN 23.66 – 3 – 1.00 30- 45 (25- 90%) 14.4 1.9 1.64 .44 43 9/30 .10 .10 12/31 .10 .09 YES2455 706 Boeing BA 373.13 3 2 3 1.15 ▼ 355- 485 (N- 30%) 28.7 2.2 ▼13.01 8.24 45 9/30 2.05 4.07 12/31 2.055 1.71 YES

595 Boingo Wireless (NDQ) WIFI 11.49 4 4 3 1.20 25- 45 (120-290%) NMF NIL d.26 NIL 50 9/30 NIL d.01 9/30 NIL NIL YES1107 Boise Cascade BCC 39.72 3 3 3 1.25 40- 55 (N- 40%) 20.1 1.0 1.98 .40 31 9/30 .69 .76 12/31 ▲ .10 .09 YES707 Bombardier Inc. ‘B’ (TSE) BBDB.TO 2.04b 5 5 3 1.10 ▲ 6- 10 (195-390%) NMF NIL ▼d.03 NIL 45 9/30 d.06(b) .06(b) 9/30 NIL NIL YES

2640 Booking Holdings (NDQ) BKNG 1897.54 2 3 2 1.20 2480-3720 (30- 95%) 17.5 NIL 108.54 NIL 70 9/30 45.36 37.78 9/30 NIL NIL YES2153 Boot Barn Holdings BOOT 40.23 2 4 3 1.40 35- 60 (N- 50%) 24.1 NIL 1.67 NIL 36 9/30 .26 .16 9/30 NIL NIL YES378 Booz Allen Hamilton BAH 72.46 2 3 3 .95 65- 100 (N- 40%) 22.4 1.5 3.24 1.11 10 9/30 .80 .68 12/31 ▲ .27 .19 YES978 BorgWarner BWA 43.47 4 3 3 1.40 50- 75 (15- 75%) 10.9 1.6 4.00 .68 87 9/30 .96 1.00 12/31 .17 .17 YES

1966 Boston Beer ‘A’ SAM 381.79 2 3 2 .75 355- 530 (N- 40%) 39.1 NIL 9.77 NIL 48 9/30 3.65 3.21 9/30 NIL NIL YES2387 Boston Omaha (NDQ) BOMN 21.26 ▲3 4 4 .90 25- 40 (20- 90%) NMF NIL d.33 NIL 44 9/30 .03 d.09 9/30 NIL NIL1516 Boston Properties BXP 137.54 3 3 3 .90 145- 215 (5- 55%) 42.7 2.9 3.22 3.95 22 9/30 .70 .77 12/31 .95 .95 YES173 Boston Scientific BSX 42.85 2 3 3 .90 50- 70 (15- 65%) 35.4 NIL 1.21 NIL 8 9/30 .28 .26 9/30 NIL NIL YES

2348 Boyd Gaming BYD 29.86 3 3 5 1.50 40- 60 (35-100%) 16.5 0.9 1.81 .28 63 9/30 .39 .23 12/31 .07 .06 YES1747 Brady Corp. BRC 58.25 3 3 3 1.10 50- 75 (N- 30%) 22.8 1.5 2.55 .87 52 10/31 ◆.70 .58 3/31 ◆.218 .213 YES1706 Briggs & Stratton BGG 5.94 – 4 – 1.35 14- 25 (135-320%) 29.7 3.4 .20 .20 40 9/30 d.67 d.51 3/31 .05 .14 YES525 Brigham Minerals MNRL 19.90 – 4 – NMF 25- 40 (25-100%) 41.5 6.6 .48 1.32 93 9/30 .14 NA 12/31 .33 NIL

1999 Bright Horizons Family BFAM 150.73 1 2 3 .80 160- 215 (5- 45%) 40.2 NIL 3.75 NIL 33 9/30 .86 .73 9/30 NIL NIL YES353 Brinker Int’l EAT 44.94 4 3 4 .85 60- 90 (35-100%) 10.7 3.5 4.20 1.56 43 9/30 .41 .47 12/31 .38 .38 YES379 Brink’s (The) Co. BCO 92.48 2 3 3 1.15 90- 135 (N- 45%) 21.7 0.6 4.27 .60 10 9/30 1.05 .95 12/31 .15 .15 YES

1620 Bristol-Myers Squibb BMY 56.17 3 2 3 .80 60- 80 (5- 40%) 15.6 2.9 3.59 1.64 61 9/30 .83 1.16 12/31 .41 .40 YES1992 Brit. Am. Tobacco ADR BTI 38.93 4 3 5 .95 80- 125 (105-220%) 8.5 7.0 4.60 2.72 74 6/30 1.90(p) 1.97(p) 12/31 .652 .64 YES1355 Broadcom Inc. (NDQ) AVGO 319.62 3 3 3 1.10 250- 370 (N- 15%) 32.8 3.3 9.75 10.60 56 7/31 1.71 2.71 12/31 2.65 2.65 YES432 Broadridge Fin’l BR 121.47 3 2 2 .90 130- 175 (5- 45%) 23.6 1.8 5.15 2.16 6 9/30 .68 .79 12/31 ▲ .54 .485 YES793 Brookdale Senior Living BKD 7.19 4 5 3 1.35 12- 20 (65-180%) NMF NIL d1.22 NIL 18 9/30 d.42 d.20 9/30 NIL NIL YES380 Brookfield Asset Mgmt. BAM 57.52 1 3 3 1.10 60- 90 (5- 55%) 26.5 1.1 2.17 .64 10 9/30 .91 .11 12/31 .16 .15 YES

1748 Brookfield Infrastruc. BIP 52.64 2 2 3 .90 30- 45 (N- N%) 59.8 3.8 .88 2.01 52 9/30 .07 d.10 12/31 .503 .47 YES1707 Brooks Automation (NDQ) BRKS 44.91 ▲3 3 2 1.35 35- 50 (N- 10%) 42.4 0.9 1.06 .40 40 9/30 .24 .17 12/31 .10 .10 YES2548 Brown & Brown BRO 37.96 1 1 3 .85 35- 40 (N- 5%) 24.8 0.9 1.53 .34 13 9/30 .41 .38 12/31 ▲ .085 .08 YES1967 Brown-Forman ‘B’ BFB 67.77 3 1 3 .80 80- 95 (20- 40%) 36.4 1.0 1.86 .70 48 7/31 .39 .41 3/31 ▲ .174 .166 YES

115 Bruker Corp. (NDQ) BRKR 50.75 2 3 3 1.15 60- 95 (20- 85%) 29.9 0.3 1.70 .16 47 9/30 .43 .28 12/31 .04 .04 YES2304 Brunswick Corp. BC 59.36 3 3 3 1.40 110- 160 (85-170%) 13.0 1.6 4.58 .96 60 9/30 1.10 1.28 12/31 ▲ .24 .21 YES230 Buckeye Partners L.P. BPL SEE FINAL SUPPLEMENT

★★ 2195 Buckle (The), Inc. BKE 28.43 3 3 3 .90 20- 30 (N- 5%) 15.7 3.5 1.81 1.00 83 10/31 ◆.53 .42 12/31 .25 .25 YES1108 Builders FirstSource (NDQ) BLDR 25.52 3 4 3 1.55 20- 35 (N- 35%) 12.3 NIL 2.07 NIL 31 9/30 .72 .63 9/30 NIL NIL YES1905 Bunge Ltd. BG 53.88 3 3 3 .85 85- 130 (60-140%) 60.5 3.8 .89 2.03 30 9/30 .09 2.39 12/31 .50 .50 YES2137 Burlington Stores BURL 208.26 2 3 3 1.00 165- 250 (N- 20%) 27.1 NIL 7.68 NIL 35 10/31 ◆1.55 1.21 9/30 NIL NIL YES2618 CACI Int’l CACI 239.27 2 3 3 .95 215- 325 (N- 35%) 19.8 NIL 12.10 NIL 3 9/30 2.66 3.10 12/31 NIL NIL YES708 CAE Inc. (TSE) CAE.TO 35.50b 2 3 3 .70 ▲ 40- 60 (15- 70%) 24.0 1.2 1.48 .44 45 9/30 .28(b) .23(b) 12/31 .11(b) .10(b)

1800 Cboe Global Markets (CBOE) CBOE 123.76 2 2 3 .65 140- 190 (15- 55%) 32.0 1.2 3.87 1.44 19 9/30 .94 .76 12/31 .36 .31 YES381 CBRE Group CBRE 56.12 3 3 3 1.35 70- 105 (25- 85%) 14.4 NIL 3.90 NIL 10 9/30 .79 .79 9/30 NIL NIL YES

2326 CBS Corp. ‘B’ CBS 40.09 ▼4 3 4 1.05 65- 100 (60-150%) 6.9 1.9 5.81 .78 86 9/30 .85 1.29 12/31 .18 .18 YES2388 CDK Global Inc. (NDQ) CDK 53.88 3 3 5 1.15 90- 135 (65-150%) 18.6 1.1 2.90 .60 44 9/30 .67 .58 12/31 ◆.15 .15 YES2619 CDW Corp. (NDQ) CDW 138.02 1 3 4 1.05 85- 115 (N- N%) 30.0 1.1 4.60 1.52 3 9/30 1.37 1.20 12/31 ▲ .38 .295 YES1356 CEVA, Inc. (NDQ) CEVA 26.41 3 3 3 1.30 40- 55 (50-110%) NMF NIL .15 NIL 56 9/30 .03 .11 9/30 NIL NIL YES1600 CF Industries CF 46.29 2 3 2 1.35 40- 60 (N- 30%) 18.4 2.7 2.51 1.25 79 9/30 .29 .13 12/31 .30 .30 YES

2662 382 C.H. Robinson (NDQ) CHRW 76.21 3 2 3 .90 125- 170 (65-125%) 16.9 2.6 4.52 2.00 10 9/30 1.07 1.25 9/30 .50 .46 YES2549 CIT Group CIT 45.61 4 3 4 1.30 70- 105 (55-130%) 8.7 3.1 5.23 1.40 13 9/30 1.50 1.15 12/31 .35 .25 YES1801 CME Group (NDQ) CME 206.80 2 2 2 .65 150- 200 (N- N%) 37.7 1.5 5.48 3.00 19 9/30 1.78 1.21 12/31 .75 .70 YES906 CMS Energy Corp. CMS 61.20 3 2 2 .50 45- 65 (N- 5%) 22.1 2.6 2.77 1.61 26 9/30 .73 .59 12/31 .383 .358 YES760 CNA Fin’l CNA 44.14 3 2 2 1.00 75- 105 (70-140%) 13.9 3.2 3.18 1.40 4 9/30 .37 1.17 12/31 .35 .35 YES151 CNH Industrial N.V. CNHI 11.04 3 3 3 1.35 16- 25 (45-125%) 12.1 1.8 .91 .20 55 9/30 .16 .16 9/30 NIL NIL YES526 CNX Resources CNX 7.58 4 4 3 1.50 30- 50 (295-560%) 3.3 NIL 2.28 NIL 93 9/30 .61 .59 9/30 NIL NIL YES

2620 CSG Systems Int’l (NDQ) CSGS 56.67 1 3 3 .90 40- 60 (N- 5%) 23.3 1.6 2.43 .89 3 9/30 .66 .49 12/31 .223 .21 YES339 CSX Corp. (NDQ) CSX 71.79 3 3 2 1.25 85- 125 (20- 75%) 16.9 1.3 4.25 .96 23 9/30 1.08 1.05 12/31 .24 .22 YES

1326 CTS Corp. CTS 27.90 3 3 2 1.25 40- 55 (45- 95%) 18.2 0.6 1.53 .16 59 9/30 .29 .39 3/31 .04 .04 YES503 CVR Energy CVI 45.11 – 3 – 1.40 60- 100 (35-120%) 10.8 7.1 4.19 3.20 42 9/30 1.18 .94 12/31 ▲ .80 .75 YES

2028 1601 CVR Partners, LP UAN 2.91 – 4 – 1.25 7- 11 (140-280%) NMF 13.7 d.07 .40-NIL 79 9/30 d.20 d.12 12/31 .07 NIL YES967 CVS Health CVS 76.58 ▲1 1 4 .95 90- 110 (20- 45%) 10.8 2.6 7.09 2.00 75 9/30 1.84 1.73 12/31 .50 .50 YES

1018 Cable One CABO 1536.68 2 2 3 .75 1240-1675 (N- 10%) 47.1 0.6 32.60 9.00 20 9/30 8.68 6.70 12/31 2.25 2.002439 Cabot Corp. CBT 47.66 4 3 3 1.35 65- 100 (35-110%) 10.7 3.0 4.44 1.44 80 9/30 1.05 1.00 12/31 .35 .33 YES565 Cabot Microelectr’s (NDQ) CCMP 134.98 1 3 2 1.20 160- 240 (20- 80%) 18.5 1.3 7.28 1.80 66 9/30 1.68 1.29 12/31 .42 .40 YES527 Cabot Oil & Gas ‘A’ COG 16.69 4 3 3 1.15 30- 45 (80-170%) 12.2 2.4 1.37 .40 93 9/30 .22 .28 12/31 ▲ .10 .07 YES

2589 Cadence Design Sys. (NDQ) CDNS 68.17 2 3 3 1.05 60- 90 (N- 30%) 30.6 NIL 2.23 NIL 11 9/30 .54 .49 9/30 NIL NIL YES1850 1906 Cal-Maine Foods (NDQ) CALM 43.52 3 3 5 1.00 45- 70 (5- 60%) 96.7 1.9 .45 .84 30 8/31 d.94 .26 9/30 NIL .351 YES

596 CalAmp Corp. (NDQ) CAMP 10.68 4 4 4 1.35 15- 25 (40-135%) NMF NIL d.60 NIL 50 8/31 d.22 d.02 9/30 NIL NIL YES1907 Calavo Growers (NDQ) CVGW 88.53 3 3 2 .65 80- 115 (N- 30%) 22.2 1.2 3.98 1.10 30 7/31 .91 .86 12/31 1.10 1.00 YES2154 Caleres Inc. CAL 22.23 3 3 4 1.10 45- 65 (100-190%) 8.7 1.3 2.56 .28 36 10/31 ◆.78 .81 12/31 .07 .07 YES

1661 528 California Resources CRC 6.50 4 5 3 3.35 25- 40 (285-515%) 1.4 NIL 4.59 NIL 93 9/30 1.89 1.32 9/30 NIL NIL YES1792 California Water CWT 50.26 2 3 2 .70 35- 55 (N- 10%) 30.3 1.6 1.66 .79 1 9/30 .88 .75 12/31 .198 .188 YES944 Calix, Inc. CALX 7.76 4 4 4 1.15 12- 20 (55-160%) 64.7 NIL .12 NIL 39 9/30 .06 .06 9/30 NIL NIL YES

2305 Callaway Golf ELY 20.87 3 3 2 1.05 25- 40 (20- 90%) 26.1 0.2 .80 .04 60 9/30 .36 .10 12/31 ◆.01 .01 YES

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 5

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 6: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

529 Callon Petroleum CPE 3.76 – 4 – 2.00 20- 35 (430-830%) 3.5 NIL 1.08 NIL 93 9/30 .21 .16 9/30 NIL NIL YES833 Cambrex Corp. CBM 59.92 – 3 – 1.15 65- 95 (10- 60%) 33.1 NIL 1.81 NIL 77 9/30 .38 .49 9/30 NIL NIL YES

1517 Camden Property Trust CPT 109.59 2 3 1 .70 95- 145 (N- 30%) 59.2 2.9 1.85 3.20 22 9/30 .44 .40 12/31 .80 .77 YES1588 Cameco Corp. (TSE) CCO.TO 12.49b 4 3 4 1.15 17- 25 (35-100%) NMF 0.6 .12 .08 81 9/30 d.03(b) .04(b) 12/31 .08(b) .08(b) YES

1037 1908 Campbell Soup CPB 46.80 3 2 2 .65 40- 50 (N- 5%) 17.7 3.0 2.65 1.40 30 7/31 .41 .25 3/31 ◆.35 .35 YES2122 Camping World Holdings CWH 12.22 5 4 5 1.85 25- 40 (105-225%) 11.9 2.6 1.03 .32 12 9/30 .14 .49 9/30 .08 .08 YES

450 2102 Canada Goose Hldgs. (TSE)GOOS.TO 50.08 4 3 4 1.50 90- 135 (80-170%) 28.5 NIL 1.76 NIL 85 9/30 .57 .46 9/30 NIL NIL2510 Can. Imperial Bank (TSE) CM.TO 115.40b 3 1 5 .85 130- 160 (15- 40%) 9.7 5.1 11.94 5.88 46 7/31 3.06(b) 3.01(b) 12/31 ▲ 1.44(b) 1.36(b) YES340 Can. National Railway CNI 90.91 2 2 3 1.05 100- 135 (10- 50%) 19.1 2.4 4.75 2.15 23 9/30 1.26 1.14 12/31 ▲ .538 .351 YES

2401 Can. Natural Res. (TSE) CNQ.TO 37.63b 4 3 4 1.45 60- 85 (60-125%) 13.8 4.3 2.73 1.61 94 9/30 1.04(b) 1.11(b) 3/31 .375(b) .335(b) YES341 Can. Pacific Railway CP 239.39 2 3 3 1.15 260- 390 (10- 65%) 18.0 1.1 13.30 2.56 23 9/30 3.50 3.15 12/31 .636 .499 YES

2138 Canadian Tire ‘A’ (TSE) CTCA.TO 154.55b 3 2 4 .75 185- 250 (20- 60%) 11.7 2.9 13.26 4.55 35 9/30 3.20(b) 3.15(b) 3/31 ▲ 1.138(b) 1.038(b) YES1621 CannTrust Holdings CTST SEE LATEST REPORT1983 Canon Inc. ADR(g) CAJ 27.68 3 1 3 .85 50- 60 (80-115%) 18.1 5.0 1.53 1.38 32 9/30 .23 .39 9/30 .659 .641 YES

456 1622 Canopy Growth Corp. CGC 18.45 – 4 – NMF 40- 70 (115-280%) NMF NIL d.68 NIL 61 9/30 d1.08 d1.14 9/30 NIL NIL YES204 Cantel Medical Corp. CMD 75.80 3 3 4 .90 95- 145 (25- 90%) 30.9 0.3 2.45 .22 21 7/31 .21 .41 9/30 .10 .085 YES

2550 Capital One Fin’l COF 99.86 3 3 3 1.25 100- 150 (N- 50%) 9.3 1.6 10.74 1.60 13 9/30 2.69 2.99 12/31 .40 .40 YES1502 Capitol Fed. Fin’l (NDQ) CFFN 14.19 3 2 2 .80 14- 20 (N- 40%) 19.4 2.4 .73 .34 14 9/30 .16 .16 12/31 .085 .085 YES2103 Capri Holdings Ltd. CPRI 37.61 4 3 5 1.15 60- 90 (60-140%) 7.8 NIL 4.80 NIL 85 9/30 .47 .91 9/30 NIL NIL YES205 Cardinal Health CAH 56.35 3 3 4 1.15 75- 115 (35-105%) 12.3 3.4 4.60 1.92 21 9/30 1.27 1.94 3/31 .48 .476 YES

2000 Career Education (NDQ) CECO 16.54 ▼3 4 3 1.15 20- 35 (20-110%) 13.2 NIL 1.25 NIL 33 9/30 .33 .25 9/30 NIL NIL YES1749 Carlisle Cos. CSL 158.72 1 2 3 1.00 170- 225 (5- 40%) 18.5 1.3 8.57 2.00 52 9/30 2.42 1.59 12/31 .50 .40 YES2451 Carlyle Group L.P. (NDQ) CG 28.90 – 3 – 1.25 35- 55 (20- 90%) 12.5 4.3 2.32 1.24 – 9/30 .55 .10 12/31 .31 .42 YES2123 CarMax, Inc. KMX 97.83 2 3 3 1.15 100- 150 (N- 55%) 18.1 NIL 5.41 NIL 12 8/31 1.40 1.24 9/30 NIL NIL YES

1660 2306 Carnival Corp. CCL 44.50 3 3 3 1.05 90- 130 (100-190%) 10.8 4.5 4.12 2.00 60 8/31 2.58 2.41 12/31 .50 .50 YES739 Carpenter Technology CRS 52.91 2 3 3 1.65 70- 110 (30-110%) 13.6 1.5 3.90 .80 91 9/30 .85 .65 12/31 .20 .20 YES

1845 Carriage Services CSV 24.04 3 3 2 .80 30- 50 (25-110%) 16.9 1.2 1.42 .30 68 9/30 .03 .11 12/31 .075 .075 YES2104 Carter’s Inc. CRI 101.48 3 3 3 .95 135- 200 (35- 95%) 14.9 2.0 6.82 2.00 85 9/30 1.87 1.53 12/31 ◆.50 .45 YES945 Casa Systems (NDQ) CASA 3.52 – 4 – NMF 6- 10 (70-185%) 13.0 NIL .27 NIL 39 9/30 d.10 .21 9/30 NIL NIL YES

1946 Casey’s Gen’l Stores (NDQ) CASY 173.46 1 3 3 .75 120- 180 (N- 5%) 29.2 0.8 5.94 1.31 9 7/31 2.31 1.90 12/31 .32 .29 YES174 Catalent, Inc. CTLT 52.85 2 3 3 1.05 55- 80 (5- 50%) 50.3 NIL 1.05 NIL 8 9/30 d.05 d.10 9/30 NIL NIL YES

2456 152 Caterpillar Inc. CAT 146.42 4 2 3 1.35 205- 280 (40- 90%) 14.2 2.8 10.33 4.12 55 9/30 2.66 2.86 12/31 1.03 .86 YES2196 Cato Corp. CATO 19.40 3 3 3 .80 20- 35 (5- 80%) 13.7 6.8 1.42 1.32 83 10/31 ◆.24 .16 12/31 ◆NIL .33 YES2307 Cedar Fair L.P. FUN 55.39 3 3 1 .70 80- 120 (45-115%) 15.9 6.8 3.48 3.74 60 9/30 3.34 3.76 12/31 ▲ .935 .93 YES2440 Celanese Corp. CE 126.41 3 3 2 1.30 120- 180 (N- 40%) 12.5 2.1 10.15 2.64 80 9/30 2.53 2.96 12/31 .62 .54 YES1327 Celestica Inc. CLS 7.70 4 3 4 .95 9- 13 (15- 70%) 17.5 NIL .44 NIL 59 9/30 .13 .06 9/30 NIL NIL YES

639 1623 Celgene Corp. CELG SEE FINAL SUPPLEMENT1109 CEMEX ADS CX 3.71 4 4 2 1.60 8- 14 (115-275%) 4.7 NIL .79 NIL 31 9/30 .11 .11 9/30 NIL NIL YES504 Cenovus Energy (TSE) CVE.TO 12.10b 3 3 3 1.40 16- 25 (30-105%) 21.6 2.1 .56 .25 42 9/30 .15(b) d.20(b) 12/31 ▲ .063(b) .05(b) YES794 Centene Corp. CNC 61.17 3 3 5 1.05 80- 115 (30- 90%) 13.2 NIL 4.62 NIL 18 9/30 .96 .89 9/30 NIL NIL YES530 Centennial Resource Dev.(NDQ) CDEV 3.29 5 4 3 1.75 11- 20 (235-510%) 29.9 NIL .11 NIL 93 9/30 d.01 .15 9/30 NIL NIL YES907 CenterPoint Energy CNP 24.80 3 3 1 .80 25- 40 (N- 60%) 14.3 4.8 1.74 1.18 26 9/30 .47 .35 12/31 .288 .278 YES420 Central & East. Europe CEE 27.49 – 4 – .95 25- 45 (N- 65%) NMF 1.8 NMF .50 – 10/31 31.60(q) 26.98(q) 9/30 NIL NIL

★★ 1184 Central Garden & Pet (NDQ) CENT 31.71 3 3 4 .95 55- 85 (75-170%) 15.9 NIL 1.99 NIL 29 6/30 .80 .79 9/30 NIL NIL YES1589 Century Aluminum (NDQ) CENX 6.93 5 4 3 2.30 10- 17 (45-145%) 34.7 NIL .20 NIL 81 9/30 d.39 d.23 9/30 NIL NIL YES1030 CenturyLink Inc. CTL 14.91 4 3 4 1.10 13- 20 (N- 35%) 11.1 6.7 1.34 1.00 24 9/30 .31 .30 12/31 ◆.25 .54 YES820 Cerner Corp. (NDQ) CERN 70.68 2 2 2 .95 80- 105 (15- 50%) 24.5 1.0 2.88 .72 78 9/30 .66 .63 12/31 .18 NIL YES206 Charles River CRL 144.80 2 3 3 1.10 125- 185 (N- 30%) 26.8 NIL 5.41 NIL 21 9/30 1.46 1.22 9/30 NIL NIL YES727 Chart Industries (NDQ) GTLS 54.17 3 3 3 1.70 ▲ 75- 115 (40-110%) 14.1 NIL ▲ 3.83 NIL 76 9/30 .77 .65 9/30 NIL NIL YES

1019 Charter Communic. (NDQ) CHTR 466.06 3 3 2 1.05 290- 435 (N- N%) 47.8 NIL 9.75 NIL 20 9/30 1.74 2.11 9/30 NIL NIL YES1823 Check Point Software (NDQ) CHKP 117.16 3 1 5 .85 125- 155 (5- 30%) 19.7 NIL 5.94 NIL 54 9/30 1.25 1.25 9/30 NIL NIL YES354 Cheesecake Factory (NDQ) CAKE 44.51 4 2 5 .80 70- 90 (55-100%) 16.3 3.2 2.73 1.44 43 9/30 .59 .62 12/31 .36 .33 YES

1947 Chefs’ Warehouse (NDQ) CHEF 34.86 2 3 3 1.00 30- 50 (N- 45%) 32.6 NIL 1.07 NIL 9 9/30 .15 .14 9/30 NIL NIL YES1750 Chemed Corp. CHE 429.17 1 2 3 .85 375- 510 (N- 20%) 29.3 0.3 14.67 1.28 52 9/30 3.46 3.07 12/31 .32 .30 YES

234 566 Chemours Co. (The) CC 16.60 5 4 3 2.20 30- 55 (80-230%) 7.0 6.0 2.38 1.00 66 9/30 .46 1.51 12/31 .25 .25 YES609 Cheniere Energy Inc. (ASE) LNG 61.35 3 3 2 1.30 95- 145 (55-135%) NMF NIL .60 NIL 62 9/30 d1.25 .26 9/30 NIL NIL YES621 Cheniere Energy Part. CQP 39.63 3 3 1 1.00 50- 75 (25- 90%) 22.4 6.7 1.77 2.65 16 9/30 .19 .60 12/31 ▲ .62 .58 YES230 Chesapeake Energy CHK SEE FINAL SUPPLEMENT548 Chesapeake Utilities CPK 91.14 3 2 2 .65 100- 140 (10- 55%) 25.6 1.8 3.56 1.68 38 9/30 .38 .34 3/31 .405 .37 YES

234 505 Chevron Corp. CVX 118.38 3 1 3 1.25 130- 155 (10- 30%) 18.7 4.1 6.33 4.85 42 9/30 1.36 2.11 12/31 1.19 1.12 YES2641 Chewy, Inc. CHWY 23.39 – 4 – NMF 25- 45 (5- 90%) NMF NIL .01 NIL 70 7/31 d.21 NA 9/30 NIL NIL YES2197 Chico’s FAS CHS 4.18 – 5 – 1.00 9- 16 (115-285%) NMF 8.4 d.10 .35 83 10/31 ◆d.07 .05 12/31 ◆.088 .085 YES2198 Children’s Place (NDQ) PLCE 70.94 5 3 3 .85 145- 215 (105-205%) 11.4 3.2 6.25 2.24 83 7/31 .19 .70 12/31 .56 .50 YES421 China Fund (The) CHN 20.80 – 3 – .90 20- 35 (N- 70%) NMF 0.5 NMF .10 – 10/31 22.80(q) 18.98(q) 9/30 NIL NIL920 China Mobile (ADR) CHL 39.48 3 3 3 .85 50- 80 (25-105%) 9.3 4.8 4.23 1.90 72 6/30 1.94(p) 2.43(p) 12/31 .974 1.19 YES355 Chipotle Mex. Grill CMG 786.51 2 3 2 .95 655- 980 (N- 25%) 50.7 NIL 15.50 NIL 43 9/30 3.82 2.16 9/30 NIL NIL YES

2349 Choice Hotels Int’l CHH 95.33 3 3 3 1.00 90- 135 (N- 40%) 21.8 0.9 4.37 .86 63 9/30 1.37 1.41 12/31 .215 .215 YES761 Chubb Ltd. CB 149.97 2 1 2 .85 190- 230 (25- 55%) 13.5 2.0 11.11 3.00 4 9/30 2.70 2.41 3/31 ◆.75 .73 YES

1185 Church & Dwight CHD 68.79 3 1 2 .65 65- 80 (N- 15%) 28.1 1.3 2.45 .91 29 9/30 .62 .58 12/31 .228 .218 YES2350 Churchill Downs (NDQ) CHDN 131.64 3 2 3 1.05 110- 150 (N- 15%) 33.0 0.4 3.99 .58 63 9/30 .37 1.42 3/31 .581 .543 YES946 Ciena Corp. CIEN 37.31 2 4 2 1.20 55- 95 (45-155%) 15.8 NIL 2.36 NIL 39 7/31 .71 .48 9/30 NIL NIL YES795 Cigna Corp. CI 203.87 ▲2 3 5 1.00 260- 390 (30- 90%) 11.4 NIL 17.95 .05 18 9/30 4.54 3.84 9/30 NIL NIL YES531 Cimarex Energy XEC 47.75 5 3 4 1.50 80- 115 (70-140%) 10.2 1.7 4.68 .80 93 9/30 .91 1.99 12/31 .20 .18 YES

2373 Cimpress N.V. (NDQ) CMPR 129.98 2 3 2 .85 85- 130 (N- N%) 52.0 NIL 2.50 NIL 82 9/30 .66 d.47 9/30 NIL NIL YES1031 Cincinnati Bell CBB 6.37 – 4 – 1.70 6- 9 (N- 40%) NMF NIL d.59 NIL 24 9/30 d.32 d.16 9/30 NIL NIL YES762 Cincinnati Financial (NDQ) CINF 105.94 1 2 1 .85 80- 110 (N- 5%) 25.2 2.1 4.20 2.24 4 9/30 1.08 .84 12/31 .56 .53 YES

2308 Cinemark Hldgs. CNK 33.22 3 3 2 1.00 60- 85 (80-155%) 14.4 4.1 2.31 1.36 60 9/30 .27 .43 12/31 ◆.34 .32 YES383 Cintas Corp. (NDQ) CTAS 250.87 ▼2 2 2 1.00 225- 305 (N- 20%) 29.3 1.0 8.55 2.55 10 8/31 2.32 1.93 12/31 2.55 2.05 YES

1357 Cirrus Logic (NDQ) CRUS 71.44 2 3 3 .90 60- 90 (N- 25%) 25.5 NIL 2.80 NIL 56 9/30 1.55 1.08 9/30 NIL NIL YES448 947 Cisco Systems (NDQ) CSCO 45.45 2 1 3 1.15 55- 70 (20- 55%) 13.6 3.1 3.35 1.40 39 10/31 .84 .75 12/31 .35 .33 YES

2199 Citi Trends (NDQ) CTRN 19.74 4 4 3 .85 30- 45 (50-130%) 12.8 1.8 1.54 .35 83 10/31 ◆d.09 d.04 12/31 ◆.08 .08 YES2511 Citigroup Inc. C 75.68 2 3 3 1.35 95- 145 (25- 90%) 9.2 2.8 8.19 2.10 46 9/30 2.07 1.73 12/31 .51 .45 YES

CA-CI

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

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Page 6 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 7: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2512 Citizens Fin’l Group CFG 38.74 3 3 4 1.25 50- 70 (30- 80%) 9.8 3.8 3.96 1.46 46 9/30 .97 .91 12/31 .36 .27 YES2590 Citrix Sys. (NDQ) CTXS 114.04 2 3 5 1.10 120- 180 (5- 60%) 19.2 1.2 5.95 1.40 11 9/30 1.52 1.40 12/31 .35 .35 YES610 Clean Energy Fuels (NDQ) CLNE 1.93 – 5 – 1.75 7- 13 (265-575%) 38.6 NIL .05 NIL 62 9/30 d.02 d.05 9/30 NIL NIL YES409 Clean Harbors CLH 82.85 2 3 3 1.20 70- 100 (N- 20%) 42.9 NIL 1.93 NIL 5 9/30 .65 .55 9/30 NIL NIL YES

2389 Clear Channel Outdoor CCO 2.43 5 5 2 1.15 5- 9 (105-270%) NMF NIL d.27 NIL 44 9/30 d.46 d.18 9/30 NIL NIL YES740 Cleveland-Cliffs Inc. CLF 8.25 ▼4 5 4 1.90 25- 45 (205-445%) 11.8 2.9 ▼.70 .24 91 9/30 .33 .64 12/31 .06 NIL YES

1186 Clorox Co. CLX 145.25 3 2 2 .70 115- 160 (N- 10%) 22.9 2.9 6.35 4.24 29 9/30 1.59 1.62 3/31 1.06 .96 YES2458 1968 Coca-Cola KO 53.22 ▼3 1 2 .70 55- 65 (5- 20%) 24.8 3.0 2.15 1.60 48 9/30 .56 .58 12/31 .40 .78 YES

1969 Coca-Cola Consol. (NDQ) COKE 271.91 3 3 2 .80 255- 385 (N- 40%) 38.3 0.4 7.10 1.00 48 9/30 3.44 2.93 12/31 .25 .251970 Coca-Cola Euro. Part. CCEP 50.17 2 3 1 .65 55- 85 (10- 70%) 16.8 2.7 2.99 1.37 48 6/30 1.21(p) .97(p) 12/31 .687 .616 YES1020 Cogeco Communic. (TSE) CCA.TO 119.37b 3 2 3 .50 75- 100 (N- N%) 16.9 1.9 7.07 2.32 20 8/31 1.77(b) 1.43(b) 12/31 ▲ .58(b) .525(b) YES

116 Cognex Corp. (NDQ) CGNX 50.24 4 3 2 1.40 50- 75 (N- 50%) 54.0 0.4 .93 .22 47 9/30 .24 .45 12/31 ▲ .055 .05 YES2621 Cognizant Technology (NDQ) CTSH 63.36 4 2 4 1.15 85- 115 (35- 80%) 15.2 1.3 4.17 .80 3 9/30 1.08 1.19 12/31 .20 .20 YES

117 Coherent, Inc. (NDQ) COHR 154.91 4 3 2 1.40 190- 285 (25- 85%) 40.4 NIL 3.83 NIL 47 9/30 .03 2.99 9/30 NIL NIL YES1751 Colfax Corp. CFX 34.01 4 3 3 1.45 40- 55 (20- 60%) 16.7 NIL 2.04 NIL 52 9/30 .50 .54 9/30 NIL NIL YES1187 Colgate-Palmolive CL 66.98 2 1 2 .75 70- 85 (5- 25%) 22.9 2.6 2.92 1.72 29 9/30 .67 .60 12/31 .43 .42 YES2105 Columbia Sportswear (NDQ) COLM 91.00 2 3 2 1.15 105- 155 (15- 70%) 18.6 1.1 4.89 1.04 85 9/30 1.75 1.42 12/31 .24 .24 YES1708 Columbus McKinnon (NDQ) CMCO 40.79 4 3 3 1.45 55- 80 (35- 95%) 13.4 0.6 3.04 .24 40 9/30 .74 .70 12/31 .06 .05 YES1021 Comcast Corp. (NDQ) CMCSA 43.35 1 2 1 .90 70- 95 (60-120%) 13.4 1.9 3.23 .84 20 9/30 .79 .65 3/31 .21 .19 YES777 Comerica Inc. CMA 70.51 4 3 4 1.30 100- 150 (40-115%) 9.6 3.8 7.33 2.68 53 9/30 1.96 1.86 3/31 .67 .60 YES778 Commerce Bancshs.(•) (NDQ) CBSH 63.90 3 1 3 1.00 65- 80 (N- 25%) 17.5 1.6 3.65 1.04 53 9/30 .89 .93 12/31 .247 .213 YES741 Commercial Metals CMC 20.94 2 3 4 1.50 30- 45 (45-115%) 9.0 2.3 2.32 .48 91 8/31 .72 .51 12/31 .12 .12 YES979 Commercial Vehicle (NDQ) CVGI 7.24 4 5 3 1.50 11- 20 (50-175%) 5.5 NIL 1.31 NIL 87 9/30 .28 .32 9/30 NIL NIL YES

241 948 CommScope Holding (NDQ) COMM 14.09 4 3 3 1.40 35- 55 (150-290%) 6.7 NIL 2.11 NIL 39 9/30 .55 .59 9/30 NIL NIL YES796 Community Health CYH 3.37 – 5 – 1.85 5- 9 (50-165%) NMF NIL ▲ d1.44 NIL 18 9/30 d.15 d2.88 9/30 NIL NIL YES

2452 Compass Diversified CODI 22.82 3 3 3 .85 25- 40 (10- 75%) NMF 6.3 d1.09 1.44 – 9/30 d1.33 d.07 12/31 .36 .36 YES1602 Compass Minerals Int’l CMP 54.70 4 3 3 1.15 80- 120 (45-120%) 17.7 5.4 3.09 2.94 79 9/30 .31 .37 12/31 .72 .72 YES821 Computer Prog. & Sys.(NDQ) CPSI 28.16 4 3 5 .65 40- 60 (40-115%) 11.4 1.4 2.48 .40 78 9/30 .64 .79 12/31 .10 .10 YES

1660 949 Comtech Telecom. (NDQ) CMTL 36.71 3 4 3 1.35 25- 45 (N- 25%) 30.6 1.2 1.20 .45 39 7/31 .25 .31 12/31 .10 .10 YES1909 Conagra Brands CAG 28.85 3 3 4 .90 35- 50 (20- 75%) 13.7 2.9 2.10 .85 30 8/31 .43 .47 12/31 .213 .213 YES532 Concho Resources CXO 74.85 5 3 5 1.70 155- 235 (105-215%) 24.6 0.7 3.04 .50 93 9/30 .61 1.42 12/31 .125 NIL YES175 CONMED Corp. (NDQ) CNMD 116.55 2 3 3 .90 100- 145 (N- 25%) 72.4 0.7 1.61 .80 8 9/30 .32 .30 3/31 ◆.20 .20 YES

1038 2167 Conn’s, Inc. (NDQ) CONN 21.85 3 4 2 1.80 35- 60 (60-175%) 7.9 NIL 2.77 NIL 90 7/31 .62 .53 9/30 NIL NIL YES2027 1793 Conn. Water Services CTWS SEE FINAL SUPPLEMENT

2402 ConocoPhillips COP 61.05 4 3 4 1.45 70- 110 (15- 80%) 14.9 2.8 4.10 1.68 94 9/30 2.74 1.59 12/31 ▲ .42 .305 YES1032 Consol. Communic. (NDQ) CNSL 4.12 – 4 – 1.10 15- 25 (265-505%) NMF NIL d.09 NIL 24 9/30 NIL d.21 9/30 ▼NIL .387 YES137 Consol. Edison ED 86.04 3 1 1 .45 80- 100 (N- 15%) 20.6 3.6 4.18 3.06 17 9/30 1.42 1.52 12/31 .74 .715 YES

1794 Consolidated Water (NDQ) CWCO 16.47 3 3 2 .85 25- 35 (50-115%) 24.2 2.1 .68 .34 1 9/30 .11 .30 12/31 .085 .085 YES1971 Constellation Brands STZ 183.57 3 2 2 .85 250- 340 (35- 85%) 19.8 1.7 9.27 3.15 48 8/31 2.72 2.87 12/31 .75 .74 YES

2660 2168 Container Store Group TCS 4.04 – 5 – 1.30 8- 15 (100-270%) 8.4 NIL .48 NIL 90 9/30 .08 .07 9/30 NIL NIL YES2403 Continental Resources CLR 32.59 5 4 4 1.90 75- 125 (130-285%) 13.4 0.6 2.44 .20 94 9/30 .43 .85 12/31 ▲ .05 NIL YES207 Cooper Cos. COO 312.42 2 2 3 .90 305- 415 (N- 35%) 29.1 NIL 10.73 .06 21 7/31 2.40 2.03 9/30 .03 .03 YES980 Cooper Tire & Rubber CTB 28.85 4 3 4 1.05 50- 70 (75-145%) 13.5 1.5 2.13 .42 87 9/30 .58 1.07 12/31 .105 .105 YES981 Cooper-Standard CPS 29.54 5 3 3 1.30 85- 130 (190-340%) 11.3 NIL 2.61 NIL 87 9/30 ◆d.82 .79 9/30 NIL NIL YES306 Copa Holdings, S.A. CPA 107.49 3 3 3 1.30 110- 165 (N- 55%) 12.4 2.4 8.64 2.60 71 9/30 2.45 1.36 12/31 .65 .87 YES

2124 Copart, Inc. (NDQ) CPRT 89.94 1 2 3 .95 70- 95 (N- 5%) 33.9 NIL 2.65 NIL 12 10/31 ◆.65 .47 9/30 NIL NIL YES1948 Core-Mark Holding (NDQ) CORE 27.10 4 3 3 .70 35- 50 (30- 85%) 22.8 1.8 1.19 .48 9 9/30 .49 .51 12/31 ▲ .12 .11 YES1518 CoreCivic, Inc. CXW 15.09 3 3 3 .95 25- 40 (65-165%) 8.8 11.8 1.72 1.78 22 9/30 .47 .36 12/31 .44 .43 YES433 CoreLogic CLGX 40.96 3 3 2 .95 50- 75 (20- 85%) 14.2 NIL 2.88 NIL 6 9/30 .82 .72 9/30 NIL NIL YES

2418 Core Laboratories CLB 46.52 5 3 4 1.50 80- 120 (70-160%) 23.9 4.7 1.95 2.20 95 9/30 .50 .50 12/31 .55 .55 YES1110 Cornerstone Building CNR 7.33 – 5 – 1.45 15- 25 (105-240%) 52.4 NIL .14 NIL 31 9/30 .20 NA 9/30 NIL NIL YES1824 Cornerstone OnDemand(NDQ) CSOD 61.59 3 4 3 1.30 65- 110 (5- 80%) 51.8 NIL 1.19 NIL 54 9/30 .31 .23 9/30 NIL NIL YES1304 Corning Inc. GLW 29.24 4 3 3 1.20 30- 50 (5- 70%) 17.9 2.7 1.63 .80 64 9/30 .38 .67 12/31 .20 .18 YES1603 Corteva, Inc. CTVA 25.93 – 3 – NMF 35- 50 (35- 95%) 18.4 2.1 1.41 .54 79 9/30 d.39 NA 12/31 .13 NIL YES434 CoStar Group (NDQ) CSGP 608.15 2 3 3 1.05 665-1000 (10- 65%) 58.8 NIL 10.34 NIL 6 9/30 2.61 2.16 9/30 NIL NIL YES

2139 Costco Wholesale (NDQ) COST 299.05 1 1 2 .85 275- 335 (N- 10%) 35.2 0.9 8.49 2.78 35 8/31 2.69 2.36 12/31 .65 .57 YES1972 Cott Corp. COT 13.38 3 3 4 .95 11- 16 (N- 20%) 36.2 1.8 .37 .24 48 9/30 .07 .06 12/31 .06 .06 YES1007 Coty Inc. COTY 11.48 4 4 3 1.10 18- 30 (55-160%) 16.4 4.4 .70 .50 25 9/30 .07 .11 12/31 .125 .125 YES

1037 1825 Coupa Software (NDQ) COUP 150.60 3 3 3 1.10 85- 125 (N- N%) NMF NIL d.79 NIL 54 7/31 d.32 d.24 9/30 NIL NIL YES1210 Covanta Holding Corp. CVA 14.49 3 3 3 1.05 16- 25 (10- 75%) NMF 6.9 .08 1.00 41 9/30 .10 d.21 12/31 .25 .25 YES356 Cracker Barrel (NDQ) CBRL 157.50 3 2 3 .75 215- 295 (35- 85%) 16.7 3.4 9.45 5.30 43 10/31 ◆2.15 1.96 3/31 ◆1.30 1.25 YES

448 1973 Craft Brew Alliance (NDQ) BREW 16.50 – 4 – 1.10 12- 20 (N- 20%) 55.0 NIL .30 NIL 48 9/30 d.06 NIL 9/30 NIL NIL YES1752 Crane Co. CR 83.90 3 3 4 1.25 100- 155 (20- 85%) 14.4 1.9 5.84 1.56 52 9/30 1.19 1.59 12/31 .39 .35 YES

1660 1399 Cray Inc. CRAY SEE FINAL SUPPLEMENT233 2551 Credit Acceptance (NDQ) CACC 430.37 2 3 2 1.00 555- 835 (30- 95%) 12.2 NIL 35.42 NIL 13 9/30 8.73 7.75 9/30 NIL NIL YES

1358 Cree, Inc. (NDQ) CREE 46.18 5 3 3 1.25 25- 35 (N- N%) NMF NIL d.25 NIL 56 9/30 d.35 d.11 9/30 NIL NIL YES2404 Crescent Point Energy (TSE) CPG.TO 4.99b 4 4 3 1.75 10- 17 (100-240%) 11.9 0.8 .42 .04 94 9/30 .06(b) .06(b) 3/31 .01(b) .03(b) YES2155 Crocs, Inc. (NDQ) CROX 35.06 3 4 2 .95 30- 55 (N- 55%) 23.9 NIL 1.47 NIL 36 9/30 .51 .07 9/30 NIL NIL YES1624 Cronos Group (NDQ) CRON 6.90 – 4 – NMF 17- 30 (145-335%) NMF NIL d.07 NIL 61 9/30 .40 d.03 9/30 NIL NIL YES1650 Cross Country Health. (NDQ) CCRN 12.47 3 4 3 1.10 13- 20 (5- 60%) 43.0 NIL .29 NIL 73 9/30 d.09 d.01 9/30 NIL NIL YES2591 CrowdStrike Hldgs. (NDQ) CRWD 55.84 – 4 – NMF 85- 135 (50-140%) NMF NIL d.43 NIL 11 7/31 d.18 NA 9/30 NIL NIL YES597 Crown Castle Int’l CCI 131.39 1 3 1 .70 125- 185 (N- 40%) 62.0 3.7 2.12 4.80 50 9/30 .58 .33 12/31 ▲ 1.20 1.125 YES

1173 Crown Holdings CCK 74.61 3 3 3 1.10 85- 130 (15- 75%) 14.2 NIL 5.25 NIL 58 9/30 1.56 1.71 9/30 NIL NIL YES176 CryoLife Inc. CRY 25.09 4 3 4 1.05 14- 20 (N- N%) NMF NIL .24 NIL 8 9/30 NIL .04 9/30 NIL NIL YES

Ctrip.com Int’l ADR NAME CHANGED TO TRIP.COM LTD.1328 Cubic Corp. CUB 59.11 3 3 2 1.05 65- 100 (10- 70%) 30.8 0.5 1.92 .28 59 9/30 ◆1.33 .74 9/30 .135 .135 YES2513 Cullen/Frost Bankers CFR 94.37 3 3 4 1.25 95- 145 (N- 55%) 14.4 3.1 6.56 2.90 46 9/30 1.73 1.78 12/31 .71 .67 YES1146 Culp Inc. CULP 16.50 4 3 4 .95 30- 45 (80-175%) 14.5 2.4 1.14 .40 27 7/31 .11 .24 12/31 .10 .09 YES153 Cummins Inc. CMI 184.02 3 2 3 1.15 215- 295 (15- 60%) 13.1 2.8 14.08 5.24 55 9/30 3.83 4.05 12/31 1.311 1.14 YES

1709 Curtiss-Wright CW 137.85 2 3 3 1.15 135- 200 (N- 45%) 19.1 0.5 7.20 .68 40 9/30 1.92 1.68 12/31 .34 .30 YES208 Cutera, Inc. (NDQ) CUTR 38.40 3 4 3 .90 25- 45 (N- 15%) NMF NIL .37 NIL 21 9/30 .15 .11 9/30 NIL NIL YES

1359 Cypress Semic. (NDQ) CY 23.48 – 3 – 1.30 25- 40 (5- 70%) 19.9 1.9 1.18 .44 56 9/30 .30 .40 3/31 .11 .11 YES

CI-CY

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 7

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 8: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1519 CyrusOne Inc. (NDQ) CONE 62.49 – 3 – .85 80- 120 (30- 90%) NMF 3.2 d.04 2.00 22 9/30 .11 d.43 3/31 .50 .46 YES622 DCP Midstream LP DCP 22.38 4 3 3 1.70 40- 55 (80-145%) NMF 13.9 d.72 3.12 16 9/30 d1.59 .18 12/31 .78 .78 YES728 DMC Global (NDQ) BOOM 47.59 3 3 3 1.25 70- 105 (45-120%) 12.0 1.1 3.96 .50 76 9/30 .90 .68 12/31 ▲ .125 .02 YES

1199 DNP Select Inc. Fund DNP 12.85 – 2 – .60 10- 14 (N- 10%) NMF 2.2 NMF .28 – 4/30 9.97(q) 9.03(q) 12/31 NIL NIL598 DSP Group (NDQ) DSPG 14.30 3 3 2 .85 12- 18 (N- 25%) NMF NIL NIL NIL 50 9/30 .02 .02 9/30 NIL NIL YES908 DTE Energy DTE 124.08 3 2 2 .55 105- 145 (N- 15%) 19.5 3.3 6.37 4.05 26 9/30 1.73 1.84 3/31 ▲ 1.013 .945 YES

450 2622 DXC Technology DXC 36.96 5 3 5 1.30 95- 145 (155-290%) 4.0 2.3 9.15 .84 3 9/30 1.38 2.02 3/31 .21 .19 YES102 Daimler AG (PNK) DDAIF 58.01 4 3 3 1.20 75- 110 (30- 90%) 7.9 5.4 7.31 3.15 65 9/30 1.75 1.82 9/30 NIL NIL

2008 Daktronics Inc. (NDQ) DAKT 6.86 3 3 3 1.10 12- 17 (75-150%) 29.8 3.2 .23 .22 51 7/31 .16 .10 9/30 .05 .07 YES982 Dana Inc. DAN 17.22 4 3 3 1.70 25- 35 (45-105%) 5.2 2.3 3.30 .40 87 9/30 .74 .77 12/31 .10 .10 YES

1753 Danaher Corp. DHR 144.94 – 2 – .85 145- 195 (N- 35%) 27.7 0.5 5.24 .68 52 9/30 1.16 .93 12/31 .17 .16 YES357 Darden Restaurants DRI 115.66 2 3 3 .80 125- 185 (10- 60%) 17.5 3.1 6.60 3.56 43 8/31 1.38 1.34 12/31 .88 .75 YES410 Darling Ingredients DAR 23.51 3 3 5 1.10 20- 35 (N- 50%) 30.1 NIL .78 NIL 5 9/30 .15 d.04 9/30 NIL NIL YES358 Dave & Buster’s Ent. (NDQ) PLAY 39.57 4 3 3 1.15 80- 120 (100-205%) 13.9 1.6 2.85 .65 43 7/31 .90 .84 12/31 ▲ .16 .15 YES797 DaVita Inc. DVA 73.39 2 3 4 1.05 90- 135 (25- 85%) 13.3 NIL 5.52 NIL 18 9/30 1.53 .56 9/30 NIL NIL YES

2156 Deckers Outdoor DECK 164.52 3 3 3 1.05 155- 230 (N- 40%) 18.2 NIL 9.02 NIL 36 9/30 2.71 2.38 9/30 NIL NIL YES154 Deere & Co. DE 176.61 3 1 3 1.10 200- 245 (15- 40%) 16.9 1.7 10.48 3.04 55 7/31 2.71 2.59 12/31 .76 .69 YES506 Delek US Holdings DK 36.08 4 3 3 1.65 75- 115 (110-220%) 8.5 3.3 4.24 1.20 42 9/30 .78 2.02 12/31 ▲ .30 .26 YES

1400 Dell Technologies DELL 55.06 – 3 – NMF 65- 100 (20- 80%) 8.1 NIL 6.80 NIL 67 10/31 ◆1.75 NA 9/30 NIL NIL YES307 Delta Air Lines DAL 56.35 2 3 3 1.10 75- 115 (35-105%) 7.7 3.1 7.29 1.73 71 9/30 2.32 1.80 12/31 .403 .35 YES

2374 Deluxe Corp. DLX 50.89 3 3 3 1.20 90- 135 (75-165%) NMF 2.4 d4.38 1.20 82 9/30 d7.49 d.67 12/31 .30 .30 YES2028 2405 Denbury Resources DNR 1.02 – 5 – 2.70 4- 8 (290-685%) 2.7 NIL .38 NIL 94 9/30 .08 .13 9/30 NIL NIL YES

359 Denny’s Corp. (NDQ) DENN 19.09 3 3 1 .85 25- 40 (30-110%) 23.3 NIL .82 NIL 43 9/30 .18 .16 9/30 NIL NIL YES177 Dentsply Sirona (NDQ) XRAY 57.66 2 3 2 .90 55- 85 (N- 45%) 22.4 0.6 2.57 .35 8 9/30 .57 .38 12/31 ▲ .10 .088 YES

2200 Designer Brands DBI 16.74 4 3 3 1.10 30- 45 (80-170%) 8.4 6.0 1.99 1.00 83 7/31 .48 .63 12/31 .25 .25 YES1033 Deutsche Telekom ADR (PNK) DTEGY 16.55 3 2 1 .85 20- 30 (20- 80%) 17.6 5.3 .94 .87 24 9/30 .27 .26 9/30 NIL NIL533 Devon Energy DVN 22.74 5 3 4 1.90 25- 40 (10- 75%) 16.7 1.6 1.36 .36 93 9/30 .29 .65 12/31 .09 .08 YES209 DexCom Inc. (NDQ) DXCM 226.79 2 4 4 .95 190- 300 (N- 30%) NMF NIL 1.85 NIL 21 9/30 .50 .17 9/30 NIL NIL YES

1974 Diageo plc DEO 162.51 1 1 2 .85 140- 170 (N- 5%) 23.6 2.2 6.90 3.55 48 6/30 2.37(p) 1.98(p) 12/31 2.089 2.101 YES2419 Diamond Offshore DO 6.05 5 4 3 1.75 11- 20 (80-230%) NMF NIL d2.29 NIL 95 9/30 d.69 d.37 9/30 NIL NIL YES

235 2406 Diamondback Energy (NDQ) FANG 77.13 1 3 4 1.40 120- 180 (55-135%) 10.0 1.0 7.73 .75 94 9/30 2.26 1.59 12/31 .188 .125 YES330 Diana Shipping DSX 3.44 – 5 – 1.45 6- 11 (75-220%) 17.2 NIL .20 NIL 88 6/30 .02 NIL 9/30 NIL NIL YES

★★ 2169 Dick’s Sporting Goods DKS 39.43 ▲3 3 2 1.05 45- 70 (15- 80%) 11.6 3.2 3.39 1.28 90 10/31 ◆.52 .39 12/31 ◆.275 .225 YES1416 Diebold Nixdorf DBD 7.95 4 5 2 1.75 10- 19 (25-140%) 9.1 NIL .87 NIL 92 9/30 d.06 d.61 9/30 NIL NIL YES1520 Digital Realty Trust DLR 118.30 3 3 1 .80 115- 175 (N- 50%) 68.0 3.9 1.74 4.56 22 9/30 .24 .33 12/31 NIL NIL YES2140 Dillard’s, Inc. DDS 72.87 4 3 3 1.05 90- 130 (25- 80%) 20.4 0.8 3.58 .60 35 10/31 .22 .27 3/31 ◆.15 .10 YES360 Dine Brands Global DIN 81.19 4 3 5 .85 100- 145 (25- 80%) 12.1 3.4 6.69 2.76 43 9/30 1.36 1.29 3/31 .69 .63 YES

1360 Diodes Inc. DIOD 46.37 2 3 3 1.20 45- 70 (N- 50%) 15.9 NIL 2.92 NIL 56 9/30 .81 .68 9/30 NIL NIL YES449 968 Diplomat Pharmacy DPLO 4.35 – 5 – 1.10 6- 12 (40-175%) NMF NIL d.50 NIL 75 9/30 d.28 .01 9/30 NIL NIL YES

2552 Discover Fin’l Svcs. DFS 85.18 2 2 3 1.15 115- 155 (35- 80%) 9.2 2.1 9.23 1.76 13 9/30 2.36 2.05 12/31 .44 .40 YES2327 Discovery, Inc. (NDQ) DISCA 32.33 3 3 3 1.15 65- 100 (100-210%) 8.6 NIL 3.77 NIL 86 9/30 .87 .43 9/30 NIL NIL YES1022 Dish Network ‘A’ (NDQ) DISH 35.48 4 3 3 1.40 35- 50 (N- 40%) 15.9 NIL 2.23 NIL 20 9/30 .66 .82 9/30 NIL NIL YES

449 2328 Disney (Walt) DIS 149.69 3 1 3 .90 160- 195 (5- 30%) 19.1 1.2 7.82 1.76 86 9/30 1.07 1.55 9/30 .88 .84 YES2009 Dolby Labs. DLB 69.30 3 2 4 .95 75- 100 (10- 45%) 24.8 1.3 2.79 .88 51 9/30 .43 .47 12/31 ▲ .22 .19 YES2141 Dollar General DG 159.92 1 3 1 .80 140- 205 (N- 30%) 23.2 0.8 6.88 1.28 35 7/31 1.74 1.52 12/31 .32 .29 YES

★★ 2142 Dollar Tree, Inc. (NDQ) DLTR 112.39 3 3 1 .90 115- 175 (N- 55%) 20.0 NIL 5.62 NIL 35 10/31 ◆1.08 1.18 9/30 NIL NIL YES138 Dominion Energy D 83.23 2 2 2 .55 75- 105 (N- 25%) 18.5 4.5 4.50 3.76 17 9/30 1.17 1.22 12/31 .918 .835 YES361 Domino’s Pizza DPZ 293.00 3 3 4 .85 345- 520 (20- 75%) 30.0 0.9 9.76 2.60 43 9/30 2.05 1.95 3/31 .65 .65 YES

1161 Domtar Corp. UFS 38.18 4 3 4 1.30 65- 100 (70-160%) 15.3 4.8 2.49 1.82 89 9/30 .89 1.46 3/31 .455 .435 YES1710 Donaldson Co. DCI 55.77 3 2 3 1.20 65- 90 (15- 60%) 24.8 1.5 2.25 .85 40 7/31 .45 .78 12/31 ◆.21 .19 YES2390 Donnelley (R.R) & Sons RRD 3.67 – 5 – 1.90 6- 11 (65-200%) 52.4 3.3 .07 .12-NIL 44 9/30 .18 .48 12/31 .03 .03 YES

2662 983 Dorman Products (NDQ) DORM 74.22 4 3 3 .85 85- 130 (15- 75%) 18.6 NIL 3.98 NIL 87 9/30 .67 1.06 9/30 NIL NIL YES155 Douglas Dynamics PLOW 54.15 2 3 3 1.10 55- 80 (N- 50%) 23.0 2.0 2.35 1.09 55 9/30 .55 .44 9/30 .273 .265 YES

1711 Dover Corp. DOV 111.95 2 2 3 1.30 120- 160 (5- 45%) 18.3 1.8 6.12 1.96 40 9/30 1.60 1.36 12/31 .49 .48 YES2457 1604 Dow Inc. DOW 55.20 – 2 – NMF 75- 105 (35- 90%) 12.5 5.3 4.40 2.90 79 9/30 .91 NA 12/31 .70 NIL YES

2420 Dril-Quip, Inc. DRQ 43.99 1 3 2 1.50 70- 105 (60-140%) NMF NIL .32 NIL 95 9/30 d.04 d.20 9/30 NIL NIL YES2643 Dropbox, Inc. (NDQ) DBX 19.03 – 3 – NMF 30- 40 (60-110%) 38.8 NIL .49 NIL 70 9/30 .13 .11 9/30 NIL NIL YES139 Duke Energy DUK 87.60 1 2 1 .50 80- 105 (N- 20%) 17.2 4.4 5.09 3.82 17 9/30 1.82 1.63 12/31 .945 .928 YES

1521 Duke Realty Corp. DRE 34.51 2 3 2 .80 30- 50 (N- 45%) 76.7 2.7 .45 .94 22 9/30 .62 .15 12/31 ▲ .235 .215 YES362 Dunkin’ Brands Group (NDQ) DNKN 75.17 2 3 2 .70 90- 135 (20- 80%) 23.4 2.2 3.21 1.62 43 9/30 .90 .83 12/31 .375 .348 YES

1605 DuPont de Nemours DD 65.20 – 2 – NMF 75- 100 (15- 55%) 16.2 1.9 4.02 1.25 79 9/30 .96 NA 12/31 .30 NIL YES921 Dycom Inds. DY 49.95 ▼4 3 3 1.50 100- 150 (100-200%) 17.7 NIL 2.83 NIL 72 10/31 ◆.88 .98 9/30 NIL NIL YES

1008 e.l.f. Beauty ELF 16.47 2 4 2 1.65 12- 20 (N- 20%) 45.8 NIL .36 NIL 25 9/30 .13 NA 9/30 NIL NIL YES1802 E*Trade Fin’l (NDQ) ETFC 43.90 4 3 5 1.30 90- 135 (105-210%) 10.6 1.3 4.16 .56 19 9/30 1.08 1.00 12/31 .14 .14 YES534 EOG Resources EOG 73.52 4 3 4 1.45 140- 210 (90-185%) 14.9 1.6 4.95 1.15 93 9/30 1.13 1.75 12/31 .288 .22 YES

2623 EPAM Systems EPAM 212.74 3 3 3 1.20 185- 280 (N- 30%) 42.4 NIL 5.02 NIL 3 9/30 1.16 1.03 9/30 NIL NIL YES623 EQM Midstream Part. EQM 23.55 2 3 1 1.15 35- 55 (50-135%) 4.7 19.7 5.03 4.64 16 9/30 1.31 1.14 12/31 1.16 1.115 YES535 EQT Corp. EQT 9.09 – 4 – NMF 16- 25 (75-175%) 43.3 1.3 .21 .12 93 9/30 d.06 .35 12/31 .03 .03 YES

1111 Eagle Materials EXP 91.06 3 3 1 1.35 90- 140 (N- 55%) 17.1 0.4 5.34 .40 31 9/30 1.72 1.53 3/31 .10 .10 YES2514 East West Bancorp (NDQ) EWBC 46.04 3 3 4 1.40 65- 95 (40-105%) 9.8 2.4 4.70 1.10 46 9/30 1.17 1.17 12/31 .275 .23 YES2441 Eastman Chemical EMN 79.16 4 3 4 1.30 110- 170 (40-115%) 10.0 3.1 7.91 2.48 80 9/30 1.93 2.89 12/31 .62 .56 YES984 Eaton Corp. plc ETN 92.15 3 2 3 1.20 110- 145 (20- 55%) 15.2 3.1 6.06 2.84 87 9/30 1.52 1.43 12/31 .71 .66 YES

2553 Eaton Vance Corp. EV 48.68 3 3 4 1.35 65- 100 (35-105%) 14.0 3.1 3.47 1.50 13 10/31 ◆.96 .87 12/31 ▲ .375 .35 YES2457 2644 eBay Inc. (NDQ) EBAY 35.85 3 3 2 1.05 40- 60 (10- 65%) 17.7 1.6 2.02 .59 70 9/30 .37 .73 12/31 .14 NIL YES

1023 EchoStar Corp. (NDQ) SATS 42.09 – 3 – 1.15 45- 70 (5- 65%) 32.1 NIL 1.31 NIL 20 9/30 d.19 .12 9/30 NIL NIL YES567 Ecolab Inc. ECL 182.06 1 1 2 1.00 220- 270 (20- 50%) 29.4 1.0 6.19 1.84 66 9/30 1.71 1.53 12/31 .46 .41 YES

1188 Edgewell Personal Care EPC 30.91 4 3 3 1.00 75- 110 (145-255%) 8.7 NIL 3.54 NIL 29 9/30 .86 1.11 9/30 NIL NIL YES2217 Edison Int’l EIX 70.28 3 3 2 .55 60- 85 (N- 20%) 16.2 3.5 4.34 2.48 28 9/30 1.36 1.57 12/31 .613 .605 YES178 Edwards Lifesciences EW 244.75 1 3 3 .95 230- 340 (N- 40%) 40.8 NIL 6.00 NIL 8 9/30 1.41 1.07 9/30 NIL NIL YES

2218 El Paso Electric EE 67.80 – 2 – .65 45- 60 (N- N%) 29.4 2.3 2.31 1.59 28 9/30 1.91 1.79 12/31 .385 .36 YES1625 Elanco Animal Health ELAN 27.81 – 3 – NMF 25- 40 (N- 45%) 61.8 NIL .45 NIL 61 9/30 .03 .20 9/30 NIL NIL YES709 Elbit Systems (NDQ) ESLT 164.00 ▼3 3 2 .85 110- 165 (N- N%) 27.8 1.2 ▼5.90 2.00 45 9/30 ◆1.33 1.63 9/30 .44 .88

CY-EL

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 8 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 9: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

EL-FI

2351 Eldorado Resorts (NDQ) ERI 54.09 – 3 – 1.20 65- 95 (20- 75%) 25.5 NIL 2.12 NIL 63 9/30 .47 .48 9/30 NIL NIL YES2010 Electronic Arts (NDQ) EA 99.80 3 3 3 .95 125- 185 (25- 85%) 28.8 NIL 3.46 NIL 51 9/30 .78 .83 9/30 NIL NIL YES568 Element Solutions ESI 11.93 – 4 – 1.90 12- 20 (N- 70%) 13.4 NIL .89 NIL 66 9/30 .26 d.02 9/30 NIL NIL YES710 Embraer SA ERJ 17.05 – 3 – .90 25- 35 (45-105%) NMF NIL ▼d.21 NIL 45 9/30 d.42 d.12 9/30 NIL .013 YES384 EMCOR Group EME 89.19 2 3 2 1.10 90- 130 (N- 45%) 15.3 0.4 5.83 .32 10 9/30 1.45 1.36 12/31 .08 .08 YES

1211 Emera Inc. (TSE) EMA.TO 54.40b 3 2 1 .50 65- 85 (20- 55%) 19.2 4.5 2.84 2.45 41 9/30 .23(b) .50(b) 12/31 ▲ .613(b) .588(b) YES1305 Emerson Electric EMR 74.35 3 1 4 1.20 85- 105 (15- 40%) 19.7 2.7 3.78 2.00 64 9/30 1.07 .89 12/31 ▲ .50 .49 YES1949 Empire Company Ltd. (TSE) EMPA.TO 35.09b 1 3 2 .50 30- 45 (N- 30%) 20.5 1.4 1.71 .49 9 7/31 .49(b) .37(b) 12/31 .12(b) .11(b) YES624 Enable Midstream Part. ENBL 9.47 4 3 3 1.15 20- 30 (110-215%) 9.1 13.9 1.04 1.32 16 9/30 .28 .30 12/31 .331 .32 YES611 Enbridge Inc. (TSE) ENB.TO 50.27b 2 3 3 1.00 55- 80 (10- 60%) 17.2 5.9 2.93 2.95 62 9/30 .56(b) .55(b) 12/31 .738(b) .671(b)536 Encana Corp. ECA 4.12 3 4 3 1.85 11- 19 (165-360%) 7.0 1.9 .59 .08 93 9/30 .15 .17 12/31 .019 .015 YES798 Encompass Health EHC 71.78 2 3 3 1.05 80- 115 (10- 60%) 17.3 1.6 4.14 1.12 18 9/30 .98 .89 3/31 .28 .27 YES

1238 1626 Endo Int’l plc (NDQ) ENDP 4.89 5 5 3 1.45 5- 10 (N-105%) NMF NIL d.85 NIL 61 9/30 d.35 d.77 9/30 NIL NIL YES639 1826 Endurance Int’l Group EIGI SEE FINAL SUPPLEMENT450 1189 Energizer Holdings ENR 50.08 3 3 4 .95 70- 105 (40-110%) 15.7 2.4 3.19 1.20 29 9/30 .93 .83 12/31 .30 .30 YES

625 Energy Transfer LP ET 12.30 4 4 3 2.05 15- 25 (20-105%) 9.2 9.9 1.34 1.22 16 9/30 .32 .32 12/31 .305 .305 YES537 Enerplus Corp. (TSE) ERF.TO 8.64b 4 4 4 2.10 25- 40 (190-365%) 7.4 1.4 1.16 .12 93 9/30 .28(b) .35(b) 12/31 .03(b) .03(b)

1212 EnerSys ENS 72.52 3 3 4 1.35 90- 130 (25- 80%) 13.9 1.0 5.22 .70 41 9/30 1.47 1.11 12/31 .175 .175 YES612 EnLink Midstream LLC ENLC 5.02 5 4 2 1.75 7- 11 (40-120%) NMF 22.5 d.12 1.13 62 9/30 .02 .04 12/31 .283 .271 YES

1755 EnPro Industries NPO 65.96 4 3 3 1.45 145- 215 (120-225%) 15.6 1.5 4.22 1.00 52 9/30 d.08 1.16 12/31 .25 .24 YES1389 Entegris, Inc. (NDQ) ENTG 47.32 3 3 2 1.25 50- 75 (5- 60%) 22.4 0.7 2.11 .32 49 9/30 .50 .46 12/31 .08 .07 YES

2028 2329 Entercom Communic. ETM 4.74 – 3 – 1.20 14- 20 (195-320%) 5.1 1.7 .93 .08 86 9/30 .32 .26 12/31 ◆.02 .09 YES909 Entergy Corp. ETR 115.38 3 3 2 .60 90- 135 (N- 15%) 20.9 3.2 5.51 3.72 26 9/30 1.82 3.42 12/31 ▲ .93 .91 YES626 Enterprise Products EPD 26.58 3 3 2 1.25 45- 65 (70-145%) 12.5 6.9 2.13 1.84 16 9/30 .46 .60 12/31 ▲ .443 .433 YES

2330 Entravision Communic. EVC 2.88 – 4 – 1.15 7- 11 (145-280%) 20.6 6.9 .14 .20 86 9/30 d.03 .02 12/31 .05 .05 YES435 Equifax, Inc. EFX 138.84 2 3 2 1.00 170- 255 (20- 85%) 23.9 1.1 5.80 1.56 6 9/30 1.48 1.41 12/31 .39 .39 YES

1522 Equinix, Inc. (NDQ) EQIX 553.85 2 3 1 .85 480- 720 (N- 30%) 80.0 1.9 6.92 10.41 22 9/30 1.41 1.55 12/31 2.46 2.28 YES1523 Equity Residential EQR 84.52 1 2 1 .75 75- 100 (N- 20%) 49.1 2.8 1.72 2.33 22 9/30 .71 .58 12/31 .568 .54 YES950 Ericsson ADR(g) (NDQ) ERIC 9.12 3 3 3 1.00 9- 13 (N- 45%) 20.7 1.3 .44 .12 39 9/30 .12 .10 9/30 NIL NIL YES763 Erie Indemnity (NDQ) ERIE 171.98 3 2 2 .80 145- 195 (N- 15%) 25.7 2.1 6.68 3.60 4 9/30 1.80 1.54 12/31 .90 .84 YES

1754 ESCO Technologies ESE 87.51 3 3 3 .95 80- 120 (N- 35%) 24.9 0.4 3.51 .32 52 9/30 1.09 1.22 3/31 .08 .08 YES1524 Essex Property Trust ESS 310.24 2 3 1 .70 280- 420 (N- 35%) 58.8 2.6 5.28 8.07 22 9/30 1.51 1.22 12/31 1.95 1.86 YES1147 Ethan Allen Interiors ETH 17.65 4 3 3 1.05 35- 55 (100-210%) 10.4 4.8 1.70 .84 27 9/30 .35 .33 3/31 .21 .19 YES422 European Equity Fund EEA 9.26 – 3 – .90 10- 15 (10- 60%) NMF 1.0 NMF .09 – 6/30 10.19(q) 10.66(q) 9/30 NIL NIL

2023 Everest Re Group Ltd. RE 269.82 3 1 3 .75 295- 360 (10- 35%) 13.6 2.3 19.89 6.20 34 9/30 2.56 5.02 12/31 ▲ 1.55 1.40 YES910 Evergy, Inc. EVRG 63.59 – 2 – NMF 55- 75 (N- 20%) 20.3 3.2 3.13 2.04 26 9/30 1.56 1.32 12/31 ▲ .505 .475 YES140 Eversource Energy ES 82.15 3 1 1 .55 70- 85 (N- 5%) 23.0 2.7 3.57 2.23 17 9/30 .98 .91 9/30 .535 .505 YES799 Exact Sciences (NDQ) EXAS 81.72 2 4 2 1.05 ▼ 95- 155 (15- 90%) NMF NIL ▲ d1.34 NIL 18 9/30 d.31 d.37 9/30 NIL NIL YES834 Exelixis, Inc. (NDQ) EXEL 16.78 4 4 3 1.25 ▼ 35- 55 (110-230%) 15.1 NIL 1.11 NIL 77 9/30 .31 .41 9/30 NIL NIL YES141 Exelon Corp. (NDQ) EXC 44.17 3 2 2 .65 40- 55 (N- 25%) 13.9 3.4 3.17 1.52 17 9/30 .79 .76 12/31 .363 .345 YES

234 2645 Expedia Group (NDQ) EXPE 98.43 ▼2 3 1 1.10 155- 230 (55-135%) 18.5 1.4 5.33 1.36 70 9/30 2.71 3.43 12/31 .34 .32 YES385 Expeditors Int’l (NDQ) EXPD 76.59 3 1 3 1.00 115- 145 (50- 90%) 21.2 1.3 3.62 1.00 10 9/30 .92 .92 12/31 .50 .45 YES

2352 Extended Stay America STAY 14.87 4 3 4 1.15 25- 40 (70-170%) 11.6 6.2 1.28 .92 63 9/30 .22 .38 12/31 .23 .22 YES1525 Extra Space Storage EXR 105.06 3 3 1 .65 100- 150 (N- 45%) 30.2 3.5 3.48 3.68 22 9/30 .83 1.02 12/31 .90 .86 YES447 Extraction Oil & Gas XOG SEE FINAL SUPPLEMENT

1401 Extreme Networks (NDQ) EXTR 6.96 3 4 3 1.40 9- 15 (30-115%) 9.9 NIL .70 NIL 67 9/30 .08 .08 9/30 NIL NIL YES231 507 Exxon Mobil Corp. XOM 68.91 3 1 3 1.10 90- 110 (30- 60%) 21.1 5.1 3.27 3.52 42 9/30 .75 1.46 12/31 .87 .82 YES

951 F5 Networks (NDQ) FFIV 145.88 4 3 4 1.05 240- 365 (65-150%) 15.5 NIL 9.41 NIL 39 9/30 1.57 2.18 9/30 NIL NIL YES118 FARO Technologies (NDQ) FARO 50.46 4 3 4 1.45 30- 45 (N- N%) NMF NIL .06 NIL 47 9/30 d.36 d.15 9/30 NIL NIL YES

1306 FLIR Systems (NDQ) FLIR 53.34 3 3 3 .95 60- 90 (10- 70%) 21.3 1.3 2.50 .71 64 9/30 .59 .57 12/31 .17 .16 YES1606 FMC Corp. FMC 98.52 3 3 3 1.35 110- 165 (10- 65%) 15.6 1.7 6.31 1.70 79 9/30 .94 .98 12/31 .40 .165 YES386 FTI Consulting FCN 107.40 1 3 2 .90 85- 125 (N- 15%) 19.4 NIL 5.54 NIL 10 9/30 1.63 1.00 9/30 NIL NIL YES

2646 Facebook Inc. (NDQ) FB 199.79 2 3 3 1.10 335- 505 (70-155%) 20.9 NIL 9.57 NIL 70 9/30 2.12 1.76 9/30 NIL NIL YES1661 436 FactSet Research FDS 260.89 2 2 3 1.00 245- 330 (N- 25%) 29.0 1.1 8.99 2.96 6 8/31 2.34 1.77 12/31 .72 .64 YES

2624 Fair Isaac FICO 365.32 2 3 4 1.10 250- 375 (N- 5%) 58.8 NIL 6.21 NIL 3 9/30 1.80 1.64 9/30 NIL NIL YES1238 1910 Farmer Bros. Co. (NDQ) FARM 15.72 ▼5 3 3 .75 19- 30 (20- 90%) NMF NIL d1.00 NIL 30 9/30 d.47 d.18 12/31 NIL NIL2228 1137 Fastenal Co. (NDQ) FAST 36.07 2 2 2 1.10 30- 40 (N- 10%) 25.8 2.4 1.40 .88 15 9/30 .37 .35 12/31 .22 .20 YES

1526 Federal Rlty. Inv. Trust FRT 130.37 2 1 1 .75 170- 210 (30- 60%) 40.0 3.2 3.26 4.20 22 9/30 .84 .82 3/31 1.05 1.02 YES156 Federal Signal FSS 33.14 2 3 3 1.20 35- 55 (5- 65%) 18.4 1.0 1.80 .32 55 9/30 .47 .36 12/31 .08 .08 YES

2554 Federated Investors FII 33.74 2 3 3 .95 45- 65 (35- 95%) 13.0 3.2 2.59 1.08 13 9/30 .72 .59 12/31 .27 .27 YES1422 308 FedEx Corp. FDX 159.54 4 2 4 1.30 230- 310 (45- 95%) 13.0 1.6 12.25 2.60 71 8/31 3.05 3.46 3/31 .65 .65 YES

103 Ferrari N.V. RACE 167.66 2 3 3 1.05 140- 210 (N- 25%) 38.9 0.7 4.31 1.20 65 9/30 .98 .89 9/30 NIL NIL YES★★ 569 Ferro Corp. FOE 14.36 5 3 5 1.50 20- 30 (40-110%) 11.1 NIL 1.29 NIL 66 9/30 .35 .37 9/30 NIL NIL YES

2663 104 Fiat Chrysler FCAU 14.93 – 3 – 1.60 20- 30 (35-100%) 6.7 5.0 2.22 .74 65 9/30 d.12 .37 9/30 NIL NIL YES2555 Fidelity Nat’l Fin’l FNF 47.73 1 2 3 .85 60- 80 (25- 70%) 12.6 2.8 3.79 1.32 13 9/30 .90 .85 12/31 ▲ .33 .30 YES2556 Fidelity Nat’l Info. FIS 136.88 – 2 – .85 120- 160 (N- 15%) 48.4 1.0 2.83 1.40 13 9/30 .29 .47 12/31 .35 .32 YES363 Fiesta Restaurant (NDQ) FRGI 9.58 5 3 4 .80 20- 35 (110-265%) 28.2 NIL .34 NIL 43 9/30 .01 .11 9/30 NIL NIL YES779 Fifth Third Bancorp (NDQ) FITB 30.33 3 3 3 1.20 35- 50 (15- 65%) 10.6 3.3 2.86 1.00 53 9/30 .75 .64 12/31 .24 .18 YES

1660 Finisar Corp. FNSR SEE FINAL SUPPLEMENT157 Finning Int’l (TSE) FTT.TO 24.35b 3 3 5 1.10 40- 60 (65-145%) 12.3 3.4 1.98 .82 55 9/30 .49(b) .45(b) 12/31 .205(b) .20(b)

2592 FireEye Inc. (NDQ) FEYE 17.00 4 5 4 1.65 20- 40 (20-135%) NMF NIL d1.20 NIL 11 9/30 d.31 d.26 9/30 NIL NIL YES764 First American Fin’l FAF 62.91 2 2 2 .90 70- 95 (10- 50%) 11.4 2.7 5.54 1.68 4 9/30 1.65 1.34 12/31 .42 .42 YES

2515 First Commonwealth FCF 14.32 3 3 4 1.05 20- 30 (40-110%) 12.0 2.8 1.19 .40 46 9/30 .27 .25 12/31 .10 .09 YES780 First Horizon National FHN 16.15 3 3 3 1.15 ▼ 20- 30 (25- 85%) 11.5 3.7 1.40 .60 53 9/30 .35 .83 3/31 .14 .12 YES781 First Midwest Bancorp (NDQ) FMBI 21.62 3 3 4 1.15 30- 45 (40-110%) 11.7 2.7 1.85 .59 53 9/30 .49 .52 3/31 ◆.14 .12 YES

2516 First Republic Bank FRC 108.93 3 3 3 1.10 115- 175 (5- 60%) 20.7 0.7 5.26 .76 46 9/30 1.31 1.19 12/31 .19 .18 YES1213 First Solar, Inc. (NDQ) FSLR 54.96 3 3 3 1.30 100- 150 (80-175%) 17.4 NIL 3.15 NIL 41 9/30 .29 .54 9/30 NIL NIL YES2557 FirstCash, Inc. (NDQ) FCFS 80.67 ▼3 3 1 .85 75- 110 (N- 35%) 19.4 1.3 4.16 1.08 13 9/30 .81 .76 12/31 ▲ .27 .25 YES142 FirstEnergy Corp. FE 47.72 3 2 2 .65 45- 60 (N- 25%) 30.6 3.4 1.56 1.60 17 9/30 .72 .66 3/31 ▲ .39 .38 YES

2625 Fiserv Inc. (NDQ) FISV 114.74 1 2 3 .90 90- 125 (N- 10%) 31.8 NIL 3.61 NIL 3 9/30 1.02 .75 9/30 NIL NIL YES2663 1329 Fitbit Inc. FIT 6.78 – 4 – 1.60 8- 13 (20- 90%) NMF NIL d.26 NIL 59 9/30 d.10 .04 9/30 NIL NIL YES

2143 Five Below, Inc. (NDQ) FIVE 124.48 3 3 2 1.10 130- 190 (5- 55%) 38.8 NIL 3.21 NIL 35 7/31 .51 .45 9/30 NIL NIL YES

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December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 9

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

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(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

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Page 10: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2558 FleetCor Technologies FLT 299.52 1 3 3 1.20 320- 480 (5- 60%) 23.9 NIL 12.55 NIL 13 9/30 3.10 1.71 9/30 NIL NIL YES1330 Flex Ltd. (NDQ) FLEX 12.04 3 3 3 1.30 18- 30 (50-150%) 9.3 NIL 1.29 NIL 59 9/30 .31 .29 9/30 NIL NIL YES1138 Floor & Decor Hldgs. FND 46.44 2 3 3 1.35 65- 95 (40-105%) 40.0 NIL 1.16 NIL 15 9/30 .27 .24 9/30 NIL NIL YES1911 Flowers Foods FLO 21.57 3 3 2 .70 20- 35 (N- 60%) 21.6 3.6 1.00 .78 30 9/30 .22 .23 12/31 .19 .18 YES1712 Flowserve Corp. FLS 49.10 3 3 3 1.45 50- 75 (N- 55%) 21.8 1.5 2.25 .76 40 9/30 .59 .49 12/31 .19 .19 YES

1661 1227 Fluor Corp. FLR 18.15 5 4 3 1.70 45- 75 (150-315%) 7.0 2.2 2.59 .40 84 9/30 d5.57 .55 3/31 ▼.10 .21 YES1503 Flushing Financial (NDQ) FFIC 21.31 3 3 4 1.00 25- 40 (15- 90%) 12.8 4.1 1.67 .87 14 9/30 .37 .61 9/30 .21 .20 YES2201 Foot Locker FL 40.17 ▲4 3 3 .90 70- 110 (75-175%) 7.7 3.8 5.21 1.52 83 10/31 ◆1.13 .95 3/31 .38 .345 YES105 Ford Motor F 9.00 3 3 3 1.20 12- 18 (35-100%) 9.5 6.7 .95 .60 65 9/30 .11 .25 12/31 .15 .15 YES437 Forrester Research (NDQ) FORR 39.43 3 3 5 .85 45- 65 (15- 65%) 24.6 NIL 1.60 NIL 6 9/30 .34 .33 9/30 NIL .20 YES

2593 Fortinet Inc. (NDQ) FTNT 105.14 3 3 4 1.10 105- 160 (N- 50%) 56.8 NIL 1.85 NIL 11 9/30 .46 .33 9/30 NIL NIL YES911 Fortis Inc. (TSE) FTS.TO 52.69b 3 2 1 .60 55- 70 (5- 35%) 19.2 3.6 2.74 1.91 26 9/30 .66(b) .65(b) 3/31 ◆.478(b) .45(b) YES119 Fortive Corp. FTV 71.48 3 2 3 1.15 85- 115 (20- 60%) 34.9 0.4 2.05 .28 47 9/30 .56 .55 12/31 .07 .07 YES

1148 Fortune Brands Home FBHS 63.77 3 3 3 1.20 90- 135 (40-110%) 17.5 1.4 3.64 .88 27 9/30 .95 .93 12/31 .22 .20 YES320 Forward Air (NDQ) FWRD 70.60 3 3 3 1.10 85- 125 (20- 75%) 21.4 1.0 3.30 .72 69 9/30 .78 .76 12/31 .18 .18 YES

2170 Fossil Group (NDQ) FOSL 7.43 5 5 3 1.50 19- 35 (155-370%) 10.6 NIL .70 NIL 90 9/30 d.51 .10 9/30 NIL NIL YES2331 Fox Corp. ‘A’ (NDQ) FOXA 35.68 – 3 – NMF 45- 55 (25- 55%) 13.7 1.3 2.60 .46 86 9/30 .80 .97 12/31 .23 NIL YES2309 Fox Factory Holding (NDQ) FOXF 66.27 3 3 2 1.05 75- 115 (15- 75%) 25.7 NIL 2.58 NIL 60 9/30 .75 .62 9/30 NIL NIL YES1574 Franco-Nevada Corp. FNV 96.92 1 3 2 .55 85- 125 (N- 30%) 51.6 1.0 1.88 1.00 2 9/30 .54 .28 12/31 .25 .24 YES1307 Franklin Electric (NDQ) FELE 55.10 3 3 3 1.20 50- 75 (N- 35%) 23.2 1.2 2.38 .65 64 9/30 .73 .64 12/31 .145 .12 YES2559 Franklin Resources BEN 27.98 4 1 4 1.25 55- 70 (95-150%) 10.1 4.1 2.78 1.16 13 9/30 .61 .96 12/31 .26 .23 YES1590 Freep’t-McMoRan Inc. FCX 11.66 4 5 4 2.15 25- 40 (115-245%) 58.3 1.7 .20 .20 81 9/30 d.01 .35 12/31 .05 .05 YES800 Fresenius Medical ADR FMS 36.99 3 2 4 1.00 55- 75 (50-105%) 14.3 1.8 2.58 .65 18 9/30 .60 .47 9/30 NIL NIL YES

1912 Fresh Del Monte Prod. FDP 32.51 3 3 3 .85 40- 60 (25- 85%) 12.8 1.0 2.53 .32 30 9/30 .38 d.44 12/31 ▲ .08 .15 YES1913 Freshpet, Inc. (NDQ) FRPT 53.98 2 4 3 1.15 30- 45 (N- N%) NMF NIL .21 NIL 30 9/30 .08 NIL 9/30 NIL NIL YES387 frontdoor, inc. (NDQ) FTDR 45.60 – 3 – NMF 45- 65 (N- 45%) 24.8 NIL 1.84 NIL 10 9/30 .72 .58 9/30 NIL NIL YES331 Frontline Ltd. FRO 11.41 3 5 3 1.00 8- 13 (N- 15%) 17.6 NIL .65 NIL-.20 88 6/30 .01 d.13 9/30 NIL NIL YES

1984 FUJIFILM Hldgs. ADR(g)(PNK) FUJIY 47.05 3 2 3 .85 55- 75 (15- 60%) 19.3 1.7 2.44 .78 32 9/30 1.05 .75 9/30 .371 .338570 Fuller (H.B.) FUL 49.94 3 3 3 1.35 55- 85 (10- 70%) 16.6 1.3 3.01 .64 66 8/31 .97 .72 12/31 .16 .155 YES

1040 2106 G-III Apparel Group (NDQ) GIII 28.87 3 3 4 1.50 50- 70 (75-140%) 8.9 NIL 3.23 NIL 85 7/31 .23 .20 9/30 NIL NIL YES342 GATX Corp. GATX 83.36 3 3 3 1.25 75- 110 (N- 30%) 17.2 2.2 4.85 1.84 23 9/30 1.25 1.22 12/31 .46 .44 YES571 GCP Applied Tech. GCP 22.34 4 3 3 1.25 25- 40 (10- 80%) 25.1 NIL .89 NIL 66 9/30 .28 .34 9/30 NIL NIL YES

1527 GEO Group (The) GEO 13.89 3 3 3 1.10 30- 45 (115-225%) 9.4 14.0 1.48 1.95 22 9/30 .39 .33 12/31 .48 .47 YES599 GTT Communications GTT 5.48 4 4 3 1.30 13- 20 (135-265%) NMF NIL d1.27 NIL 50 9/30 d.46 d.43 9/30 NIL NIL YES

1200 Gabelli Equity GAB 6.14 – 3 – 1.10 6- 9 (N- 45%) NMF 0.8 NMF .05 – 6/30 5.91(q) 6.26(q) 3/31 .002 .0142560 Gallagher (Arthur J.) AJG 91.87 3 1 2 .90 110- 135 (20- 45%) 23.6 1.9 3.90 1.72 13 9/30 .66 .68 12/31 .43 .41 YES

1239 2171 GameStop Corp. GME 6.03 5 5 3 1.05 6- 12 (N-100%) 4.5 NIL 1.33 NIL 90 7/31 d4.15 d.24 9/30 NIL .38 YES1528 Gaming and Leisure (NDQ) GLPI 42.00 3 3 3 .80 45- 70 (5- 65%) 22.5 6.5 1.87 2.75 22 9/30 .42 .49 9/30 .68 .63 YES

639 2381 Gannett Co. GCI.D SEE FINAL SUPPLEMENT451 2202 Gap (The), Inc. GPS 17.16 4 3 4 1.00 30- 45 (75-160%) 8.1 5.7 2.13 .97 83 10/31 ◆.53 .69 3/31 .243 .243 YES

1713 Gardner Denver Hldgs. GDI 33.95 – 3 – NMF 25- 40 (N- 20%) 17.6 NIL 1.93 NIL 40 9/30 .41 .49 9/30 NIL NIL YES1308 Garmin Ltd. (NDQ) GRMN 97.66 2 2 3 .95 80- 110 (N- 15%) 24.5 2.3 3.99 2.28 64 9/30 1.19 .97 12/31 .57 .53 YES438 Gartner Inc. IT 160.14 4 3 3 1.00 205- 310 (30- 95%) 49.0 NIL 3.27 NIL 6 9/30 .70 .85 9/30 NIL NIL YES332 GasLog Ltd. GLOG 9.35 4 4 3 1.65 30- 50 (220-435%) 9.9 6.4 .94 .60 88 9/30 .01 .11 12/31 .15 .15 YES

1714 Gates Industrial plc GTES 11.88 – 3 – NMF 14- 20 (20- 70%) 14.5 NIL .82 NIL 40 9/30 .22 .30 9/30 NIL NIL YES1214 Generac Holdings GNRC 97.31 3 3 3 1.20 90- 135 (N- 40%) 20.4 NIL 4.76 NIL 41 9/30 1.18 1.11 9/30 NIL NIL YES1201 Gen’l Amer. Invest GAM 36.39 – 3 – 1.05 35- 55 (N- 50%) NMF 1.1 NMF .40 – 9/30 42.42(q) 40.47(q) 12/31 .37 .29

711 Gen’l Dynamics GD 182.66 2 1 4 .95 195- 240 (5- 30%) 15.1 2.2 12.07 4.08 45 9/30 3.14 2.89 12/31 1.02 .93 YES2663 1756 Gen’l Electric GE 11.58 – 4 – 1.15 16- 25 (40-115%) 17.3 0.3 .67 .04 52 9/30 .15 .14 12/31 .01 .12 YES

1914 Gen’l Mills GIS 52.72 3 1 2 .70 60- 70 (15- 35%) 15.8 3.8 3.33 1.98 30 8/31 .79 .71 3/31 .49 .49 YES1422 106 Gen’l Motors GM 35.81 3 3 3 1.25 50- 80 (40-125%) 7.5 4.4 4.75 1.56 65 9/30 1.72 1.87 12/31 .38 .38 YES1238 2157 Genesco Inc. GCO 36.28 4 3 3 1.00 70- 105 (95-190%) 8.5 NIL 4.25 NIL 36 7/31 .15 .04 9/30 NIL NIL YES

343 Genesee & Wyoming GWR 111.37 – 3 – 1.35 105- 160 (N- 45%) 24.3 NIL 4.59 NIL 23 9/30 1.16 1.23 9/30 NIL NIL YES210 Genomic Health GHDX SEE FINAL REPORT388 Genpact Limited G 40.44 2 2 3 .85 55- 70 (35- 75%) 18.6 0.8 2.18 .34 10 9/30 .56 .48 12/31 .085 .075 YES985 Gentex Corp. (NDQ) GNTX 28.54 ▲1 3 3 1.05 35- 50 (25- 75%) 16.4 1.6 1.74 .46 87 9/30 .44 .41 12/31 .115 .11 YES986 Gentherm Inc. (NDQ) THRM 42.01 3 3 2 1.35 45- 70 (5- 65%) 20.8 NIL 2.02 NIL 87 9/30 .48 .30 9/30 NIL NIL YES987 Genuine Parts GPC 103.98 2 1 3 .95 130- 160 (25- 55%) 18.1 2.9 5.75 3.05 87 9/30 1.50 1.49 3/31 .763 .72 YES

1559 Genworth Fin’l GNW 4.07 – 5 – 1.55 4- 8 (N- 95%) 3.7 NIL 1.10 NIL 37 9/30 .24 .29 9/30 NIL NIL YES120 Geospace Technologies(NDQ) GEOS 15.29 ▼4 4 2 1.65 25- 40 (65-160%) NMF NIL .01 NIL 47 9/30 ◆d.04 d.02 9/30 NIL NIL YES742 Gibraltar Inds. (NDQ) ROCK 52.24 2 3 3 1.30 45- 65 (N- 25%) 19.2 NIL 2.72 NIL 91 9/30 .95 .60 9/30 NIL NIL YES

2107 Gildan Activewear GIL 27.96 3 3 4 .95 35- 50 (25- 80%) 16.5 2.2 1.69 .61 85 9/30 .53 .57 12/31 .134 .112 YES1627 Gilead Sciences (NDQ) GILD 67.22 3 3 3 .95 70- 110 (5- 65%) 12.1 3.7 5.54 2.52 61 9/30 d.92 1.60 12/31 .63 .57 YES2453 Gladstone Capital (NDQ) GLAD 10.21 – 3 – 1.10 20- 30 (95-195%) 7.6 8.2 1.35 .84 – 9/30 .18 d.35 12/31 .21 .21 YES1174 Glatfelter (P.H.) GLT 17.94 3 3 3 1.20 30- 45 (65-150%) 43.8 2.9 .41 .52 58 9/30 .19 d.02 12/31 .13 .13 YES179 Glaukos Corp. GKOS 62.41 3 4 2 1.20 95- 155 (50-150%) NMF NIL d.77 NIL 8 9/30 d.10 d.19 9/30 NIL NIL YES

1628 GlaxoSmithKline ADR(g) GSK 44.48 1 1 3 .85 50- 60 (10- 35%) 18.4 4.2 2.42 1.89 61 9/30 .76 .75 12/31 .466 .49 YES2561 Global Payments GPN 179.65 – 3 – 1.15 145- 220 (N- 20%) NMF 0.4 1.79 .78 13 9/30 .54 1.11 12/31 ▲ .195 .01 YES1560 Globe Life Inc. GL 101.37 2 1 3 1.00 105- 125 (5- 25%) 14.7 0.7 6.89 .69 37 9/30 1.82 1.55 3/31 .173 .16 YES

180 Globus Medical GMED 56.33 2 3 3 .85 50- 70 (N- 25%) 32.4 NIL 1.74 NIL 8 9/30 .38 .35 9/30 NIL NIL YES2011 Glu Mobile (NDQ) GLUU 5.31 4 5 3 1.10 7- 13 (30-145%) 40.8 NIL .13 NIL 51 9/30 d.03 NIL 9/30 NIL NIL YES

235 1827 GoDaddy Inc. GDDY 69.30 3 3 3 1.05 75- 115 (10- 65%) NMF NIL .61 NIL 54 9/30 .42 .07 9/30 NIL NIL YES922 Gogo Inc. (NDQ) GOGO 5.29 4 5 2 1.25 6- 11 (15-110%) NMF NIL d1.25 NIL 72 9/30 d.28 d.47 9/30 NIL NIL YES333 Golar LNG Ltd. (NDQ) GLNG 12.40 5 4 3 1.80 40- 70 (225-465%) 72.9 2.4 .17 .30 88 9/30 ◆d.81 .65 12/31 NIL .125 YES

2228 1811 Goldman Sachs GS 222.75 3 1 3 1.25 355- 435 (60- 95%) 9.7 2.2 22.88 5.00 57 9/30 4.79 6.28 12/31 1.25 .80 YES988 Goodyear Tire (NDQ) GT 16.37 4 3 4 1.40 25- 40 (55-145%) 8.1 4.4 2.01 .72 87 9/30 .45 .68 12/31 .16 .16 YES

2227 1331 GoPro, Inc. (NDQ) GPRO 4.01 – 5 – 1.40 5- 8 (25-100%) NMF NIL d.08 NIL 59 9/30 d.51 d.19 9/30 NIL NIL YES158 Gorman-Rupp Co. GRC 37.07 3 3 3 1.15 40- 60 (10- 60%) 27.1 1.6 1.37 .58 55 9/30 .37 .45 12/31 ▲ .145 .135 YES572 Grace (W.R.) & Co. GRA 67.91 ▼3 3 4 1.00 110- 170 (60-150%) 14.7 1.8 4.61 1.20 66 9/30 .98 1.11 12/31 .27 .24 YES

1715 Graco Inc. GGG 48.27 3 3 3 1.10 55- 80 (15- 65%) 23.7 1.3 2.04 .64 40 9/30 .49 .50 12/31 .16 .133 YES1757 Graham Hldgs. GHC 631.00 3 2 2 .90 965-1305 (55-105%) 16.5 0.9 38.15 5.56 52 9/30 8.05 13.19 12/31 1.39 1.331309 Grainger (W.W.) GWW 320.49 3 2 2 1.00 345- 425 (10- 35%) 18.1 1.8 17.66 5.76 64 9/30 4.26 4.19 12/31 1.44 1.36 YES

FL-GR

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 10 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 11: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2001 Grand Canyon Educ. (NDQ) LOPE 84.86 4 3 3 .95 115- 175 (35-105%) 15.5 NIL 5.49 NIL 33 9/30 1.24 1.06 9/30 NIL NIL YES2663 1228 Granite Construction GVA 26.85 5 3 3 1.25 55- 85 (105-215%) 14.2 1.9 1.89 .52 84 9/30 .58 1.42 12/31 .13 .13 YES

1175 Graphic Packaging GPK 15.96 3 3 3 1.00 20- 30 (25- 90%) 16.1 1.9 .99 .30 58 9/30 .18 .30 3/31 .075 .075 YES2332 Gray Television GTN 20.89 4 4 5 1.40 45- 70 (115-235%) 10.3 NIL 2.02 NIL 86 9/30 .46 .70 9/30 NIL NIL YES1215 Green Plains Inc. (NDQ) GPRE 15.22 5 4 5 1.75 11- 19 (N- 25%) NMF NIL d2.51 NIL 41 9/30 d1.06 d.31 9/30 ▼NIL .12 YES344 Greenbrier (The) Cos. GBX 29.38 4 4 3 1.75 40- 65 (35-120%) 8.7 3.4 3.36 1.00 23 8/31 1.31 .80 12/31 .25 .25 YES

1812 Greenhill & Co. GHL 17.61 4 4 4 1.15 35- 60 (100-240%) 9.6 1.1 1.83 .20 57 9/30 .63 .43 12/31 .05 .05 YES2024 Greenlight Capital Re (NDQ) GLRE 10.48 3 4 3 1.00 12- 20 (15- 90%) 10.0 NIL 1.05 NIL 34 9/30 .14 d2.48 9/30 NIL NIL YES1176 Greif, Inc. GEF 42.46 3 3 4 1.55 70- 105 (65-145%) 10.3 4.1 4.12 1.76 58 7/31 1.26 1.20 12/31 .44 .44 YES1758 Griffon Corp. GFF 22.35 3 3 2 1.35 30- 50 (35-125%) 18.2 1.4 1.23 .31 52 9/30 .40 .38 12/31 ▲ .075 .073 YES1950 Grocery Outlet (NDQ) GO 31.77 – 3 – NMF 20- 30 (N- N%) 63.5 NIL .50 NIL 9 9/30 .13 NA 9/30 NIL NIL YES2125 Group 1 Automotive GPI 104.89 2 3 2 1.30 95- 145 (N- 40%) 9.8 1.1 10.71 1.16 12 9/30 3.02 2.47 12/31 ▲ .29 .26 YES2647 Groupon, Inc. (NDQ) GRPN 2.92 4 5 2 1.55 4- 7 (35-140%) NMF NIL d.09 NIL 70 9/30 d.03 .01 9/30 NIL NIL YES2648 Grubhub Inc. GRUB 42.67 ▼4 4 4 1.25 75- 110 (75-160%) 52.0 NIL .82 NIL 70 9/30 .01 .24 9/30 NIL NIL YES2108 Guess?, Inc. GES 18.44 ▲3 3 4 1.00 30- 45 (65-145%) 12.5 2.4 1.47 .45 85 7/31 .38 .36 9/30 .225 .225 YES

1239 2594 Guidewire Software GWRE 121.01 3 3 3 1.10 120- 185 (N- 55%) NMF NIL d.30 NIL 11 7/31 .28 1.02 9/30 NIL NIL YES801 HCA Healthcare HCA 141.54 3 3 3 .95 145- 215 (N- 50%) 12.6 1.1 11.22 1.60 18 9/30 2.23 2.16 12/31 .40 .35 YES

HCP Inc. NAME CHANGED TO HEALTHPEAK PROPERTIES1112 HD Supply Holdings (NDQ) HDS 39.77 2 3 4 1.25 55- 85 (40-115%) 10.3 NIL 3.88 NIL 31 7/31 1.08 .99 9/30 NIL NIL YES1149 HNI Corp. HNI 39.52 3 3 4 1.25 70- 110 (75-180%) 13.6 3.1 2.90 1.22 27 9/30 1.08 .90 12/31 .305 .295 YES

236 1402 HP Inc. HPQ 20.15 – 3 – 1.50 25- 40 (25-100%) 9.2 3.5 2.18 .70 67 7/31 .58 .52 3/31 ▲ .176 .16 YES2517 HSBC Holdings PLC HSBC 37.59 3 3 3 1.05 50- 70 (35- 85%) 9.2 6.8 4.10 2.55 46 9/30 .75 .95 12/31 .50 .50 YES

211 Haemonetics Corp. HAE 120.26 1 3 2 .80 125- 190 (5- 60%) 36.6 NIL 3.29 NIL 21 9/30 .87 .56 9/30 NIL NIL YES1915 Hain Celestial Group (NDQ) HAIN 24.87 4 4 4 1.10 20- 35 (N- 40%) 35.5 NIL .70 NIL 30 9/30 .08 .09 9/30 NIL NIL YES2421 Halliburton Co. HAL 21.34 4 3 4 1.50 45- 65 (110-205%) 15.9 3.4 1.34 .72 95 9/30 .34 .50 12/31 .18 .18 YES782 Hancock Whitney Corp. (NDQ) HWC 41.17 4 3 4 1.30 55- 85 (35-105%) 10.9 2.6 3.77 1.08 53 9/30 .77 .96 12/31 .27 .27 YES

2109 Hanesbrands, Inc. HBI 15.16 3 3 3 1.10 20- 30 (30-100%) 8.8 4.0 1.73 .60 85 9/30 .54 .52 12/31 .15 .15 YES765 Hanover Insurance THG 133.62 ▲2 2 2 .85 115- 155 (N- 15%) 15.0 1.8 8.91 2.40 4 9/30 2.31 1.97 9/30 .60 .54 YES

2310 Harley-Davidson HOG 37.13 4 3 3 1.15 70- 110 (90-195%) 10.9 4.0 3.42 1.50 60 9/30 .70 .78 9/30 .375 .37 YES952 Harmonic, Inc. (NDQ) HLIT 8.24 2 4 4 1.20 8- 14 (N- 70%) 25.8 NIL .32 NIL 39 9/30 .25 .04 9/30 NIL NIL YES389 Harsco Corp. HSC 22.96 5 3 5 1.85 30- 50 (30-120%) 20.0 NIL 1.15 NIL 10 9/30 .28 .40 9/30 NIL NIL YES

2562 Hartford Fin’l Svcs. HIG 61.85 1 2 3 .90 60- 80 (N- 30%) 12.2 2.0 5.06 1.22 13 9/30 1.50 1.15 3/31 .30 .30 YES2311 Hasbro, Inc. (NDQ) HAS 99.19 3 3 2 .90 110- 165 (10- 65%) 22.2 2.7 4.46 2.72 60 9/30 1.84 1.94 12/31 .68 .63 YES2172 Haverty Furniture HVT 20.39 4 3 4 .95 30- 45 (45-120%) 14.7 4.0 1.39 .82 90 9/30 .31 .39 12/31 .20 .18 YES2219 Hawaiian Elec. HE 43.48 3 2 1 .55 35- 45 (N- 5%) 21.7 3.0 2.00 1.31 28 9/30 .58 .60 12/31 .32 .31 YES309 Hawaiian Hldgs. (NDQ) HA 30.77 4 3 4 1.25 30- 45 (N- 45%) 7.9 1.6 3.89 .48 71 9/30 1.70 1.84 12/31 .12 .12 YES729 Haynes International (NDQ) HAYN 37.25 3 3 3 1.40 65- 100 (75-170%) 19.8 2.4 1.88 .88 76 9/30 .48 .17 12/31 .22 .22 YES

1530 Healthcare R’lty Trust HR 32.27 3 3 1 .65 35- 55 (10- 70%) 32.9 3.7 .98 1.20 22 9/30 .02 .05 12/31 .30 .30 YES390 Healthcare Svcs. (NDQ) HCSG 25.25 5 3 3 .90 35- 55 (40-120%) 24.5 3.2 1.03 .81 10 9/30 .25 .35 12/31 ▲ .20 .195 YES822 HealthEquity, Inc. (NDQ) HQY 63.68 5 3 4 1.30 ▲ 80- 120 (25- 90%) 51.4 NIL ▲ 1.24 NIL 78 7/31 .45 .36 9/30 NIL NIL YES

1529 Healthpeak Properties PEAK 34.41 3 3 1 .75 30- 50 (N- 45%) 26.3 4.3 1.31 1.48 22 9/30 d.09 .21 12/31 .37 .37 YES321 Heartland Express (NDQ) HTLD 21.29 3 3 2 .90 25- 35 (15- 65%) 20.7 0.4 1.03 .08 69 9/30 .25 .23 12/31 ◆.04 .04 YES712 HEICO Corp. HEI 128.67 2 3 3 .90 135- 205 (5- 60%) 53.0 0.1 2.43 .14 45 7/31 .59 .49 9/30 .07 .06 YES

1651 Heidrick & Struggles (NDQ) HSII 30.93 4 3 5 .90 40- 60 (30- 95%) 11.7 1.9 2.65 .60 73 9/30 .70 .85 12/31 .15 .13 YES1009 Helen of Troy Ltd. (NDQ) HELE 159.23 1 3 2 .95 110- 165 (N- 5%) 18.0 NIL 8.84 NIL 25 8/31 2.24 1.98 9/30 NIL NIL YES1759 Helios Technologies (NDQ) HLIO 46.00 3 3 4 1.25 60- 90 (30- 95%) 18.6 0.8 2.47 .36 52 9/30 .61 .36 12/31 .09 .09 YES2422 Helix Energy Solutions HLX 8.85 4 4 2 2.15 14- 25 (60-180%) 24.6 NIL .36 NIL 95 9/30 .21 .18 9/30 NIL NIL YES2423 Helmerich & Payne HP 39.92 4 3 4 1.65 45- 65 (15- 65%) 35.3 7.1 1.13 2.84 95 9/30 .38 .19 12/31 .71 .71 YES2626 Henry (Jack) & Assoc. (NDQ) JKHY 150.57 2 1 3 .85 110- 135 (N- N%) 35.9 1.1 4.20 1.60 3 9/30 1.16 1.08 12/31 .40 .37 YES1916 Herbalife Nutrition HLF 46.00 4 4 5 1.15 55- 90 (20- 95%) 16.0 NIL 2.87 NIL 30 9/30 .73 .74 9/30 NIL NIL YES1917 Hershey Co. HSY 146.08 1 2 2 .65 135- 180 (N- 25%) 25.1 2.2 5.83 3.20 30 9/30 1.61 1.55 12/31 .773 .722 YES2173 Hertz Global Hldgs. HTZ 16.00 3 5 3 1.60 14- 25 (N- 55%) NMF NIL .05 NIL 90 9/30 1.26 1.68 9/30 NIL NIL YES508 Hess Corp. HES 64.75 2 3 2 1.80 75- 115 (15- 80%) NMF 1.5 d.83 1.00 42 9/30 d.32 .38 9/30 .25 .25 YES

1403 Hewlett Packard Ent. HPE 17.45 4 3 4 1.50 25- 35 (45-100%) 10.0 2.6 1.75 .45 67 10/31 ◆.49 .45 12/31 .113 .113 YES2442 Hexcel Corp. HXL 78.73 ▼3 3 3 1.10 80- 120 (N- 50%) 21.5 0.9 3.67 .68 80 9/30 .90 .91 12/31 .17 .15 YES

★★ 2174 Hibbett Sports (NDQ) HIBB 28.63 ▲3 3 3 .90 30- 40 (5- 40%) 13.3 NIL 2.16 NIL 90 10/31 ◆.32 .14 9/30 NIL NIL YES212 Hill-Rom Hldgs. HRC 105.40 2 3 3 .95 105- 155 (N- 45%) 19.7 0.8 5.36 .84 21 9/30 1.69 1.63 12/31 .21 .20 YES

1846 Hillenbrand, Inc. HI 31.72 3 3 4 1.20 50- 75 (60-135%) 12.2 2.6 2.61 .84 68 9/30 .76 .67 9/30 .21 .208 YES2353 Hilton Grand Vacations HGV 34.79 – 3 – 1.40 50- 75 (45-115%) 14.6 NIL 2.39 NIL 63 9/30 .59 .42 9/30 NIL NIL YES2354 Hilton Worldwide Hldgs. HLT 103.09 2 3 3 1.15 85- 130 (N- 25%) 24.8 0.6 4.16 .60 63 9/30 1.05 .54 12/31 .15 .15 YES1985 Hitachi, Ltd. ADR(g) (PNK) HTHIY 77.05 2 3 2 1.10 80- 120 (5- 55%) 10.1 2.5 7.65 1.89 32 9/30 1.32 1.50 9/30 NIL NIL627 Holly Energy Part. HEP 22.37 1 3 3 .95 30- 45 (35-100%) 12.2 12.0 1.83 2.69 16 9/30 .45 .43 12/31 .673 .665 YES509 HollyFrontier Corp. HFC 53.35 3 3 3 1.25 65- 95 (20- 80%) 10.5 2.6 5.08 1.40 42 9/30 1.68 1.98 12/31 ▲ .35 .33 YES213 Hologic, Inc. (NDQ) HOLX 51.28 3 3 3 1.00 50- 80 (N- 55%) 35.9 NIL 1.43 NIL 21 9/30 .15 .57 9/30 NIL NIL YES

640 1139 Home Depot HD 218.40 3 1 1 1.05 235- 285 (10- 30%) 21.0 2.8 10.41 6.16 15 10/31 2.53 2.51 12/31 ◆1.36 1.03 YES107 Honda Motor ADR(g) HMC 28.95 3 3 5 1.10 40- 60 (40-105%) 8.3 3.6 3.49 1.05 65 9/30 1.03 1.08 9/30 .263 .243 YES

1760 Honeywell Int’l HON 176.51 3 1 3 1.05 180- 220 (N- 25%) 20.6 2.0 8.58 3.60 52 9/30 2.08 2.03 12/31 ▲ .90 .82 YES1918 Hormel Foods HRL 42.76 3 2 3 .65 50- 65 (15- 50%) 23.0 2.2 1.86 .93 30 10/31 ◆.47 .47 3/31 ▲ .233 .21 YES1126 Horton D.R. DHI 54.82 2 3 2 1.05 45- 70 (N- 30%) 12.9 1.3 4.25 .70 7 9/30 1.35 1.22 12/31 ▲ .175 .15 YES

Hospitality Properties NAME CHANGED TO SERVICE PROPERTIES1531 Host Hotels & Resorts HST 17.14 3 3 3 1.20 19- 30 (10- 75%) 14.2 4.8 1.21 .82 22 9/30 .51 .43 12/31 .20 .20 YES1919 Hostess Brands (NDQ) TWNK 13.55 2 3 2 .75 18- 25 (35- 85%) 19.9 NIL .68 NIL 30 9/30 .13 .10 9/30 NIL NIL YES1813 Houlihan Lokey HLI 48.57 3 3 3 1.00 60- 85 (25- 75%) 17.3 2.6 2.80 1.24 57 9/30 .50 .61 12/31 .31 .27 YES391 Howard Hughes Corp. HHC 108.55 3 3 2 1.30 145- 220 (35-105%) 58.7 NIL 1.85 NIL 10 9/30 .69 .54 9/30 NIL NIL YES322 Hub Group (NDQ) HUBG 52.38 3 3 3 1.10 65- 100 (25- 90%) 15.5 NIL 3.37 NIL 69 9/30 .97 .77 9/30 NIL NIL YES

1310 Hubbell Inc. HUBB 148.04 ▲2 2 3 1.20 155- 210 (5- 40%) 17.9 2.5 8.27 3.64 64 9/30 2.34 2.22 12/31 ▲ .91 .84 YES1828 HubSpot, Inc. HUBS 146.10 3 4 2 1.25 95- 155 (N- 5%) NMF NIL d1.22 NIL 54 9/30 d.35 d.48 9/30 NIL NIL YES802 Humana Inc. HUM 344.82 2 3 5 .90 340- 515 (N- 50%) 19.0 0.7 18.17 2.30 18 9/30 5.03 4.58 3/31 .55 .50 YES323 Hunt (J.B.) (NDQ) JBHT 117.36 3 2 2 1.05 125- 170 (5- 45%) 21.1 0.9 5.56 1.10 69 9/30 1.40 1.47 12/31 .26 .24 YES783 Huntington Bancshs. (NDQ) HBAN 14.91 3 3 3 1.20 ▼ 18- 25 (20- 70%) 11.3 4.2 1.32 .62 53 9/30 .34 .33 3/31 .15 .14 YES713 Huntington Ingalls HII 249.16 3 3 4 1.10 235- 350 (N- 40%) 16.3 1.7 15.28 4.12 45 9/30 3.74 5.29 12/31 ▲ 1.03 .86 YES

2443 Huntsman Corp. HUN 23.41 4 4 3 1.80 30- 50 (30-115%) 9.3 2.8 2.51 .65 80 9/30 .13 d.05 12/31 .163 .163 YES

GR-HU

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 11

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 12: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

392 Huron Consulting (NDQ) HURN 66.66 2 3 3 .95 55- 80 (N- 20%) 24.8 NIL 2.69 NIL 10 9/30 .79 .64 9/30 NIL NIL YES510 Husky Energy (TSE) HSE.TO 9.89b 4 3 4 1.25 20- 30 (100-205%) 13.5 5.1 .73 .50 42 9/30 .25(b) .53(b) 3/31 .125 .125(b) YES

2355 Hyatt Hotels H 79.79 ▲2 3 3 1.10 90- 135 (15- 70%) 45.9 1.0 1.74 .76 63 9/30 .37 .33 12/31 .19 .15 YES159 Hyster-Yale Materials HY 61.35 4 3 5 1.25 85- 130 (40-110%) 16.9 2.1 3.63 1.27 55 9/30 .76 .93 3/31 .318 .31 YES

2649 IAC/InterActiveCorp (NDQ) IAC 221.65 2 3 3 1.00 175- 260 (N- 15%) 51.0 NIL 4.35 NIL 70 9/30 1.35 1.04 9/30 NIL NIL YES803 ICON plc (NDQ) ICLR 159.65 2 3 3 .85 150- 225 (N- 40%) 22.0 NIL 7.25 NIL 18 9/30 1.74 1.54 9/30 NIL NIL YES181 ICU Medical (NDQ) ICUI 188.26 4 3 5 .90 180- 270 (N- 45%) 27.4 NIL 6.88 NIL 8 9/30 1.65 1.85 9/30 NIL NIL YES923 IDT Corp. IDT 7.34 – 4 – NMF 10- 16 (35-120%) 18.4 NIL .40 NIL 72 7/31 .06 .33 12/31 NIL NIL YES439 IHS Markit (NDQ) INFO 72.23 1 3 2 1.05 80- 125 (10- 75%) 26.9 NIL 2.69 NIL 6 8/31 .67 .58 9/30 NIL NIL YES121 II-VI Inc. (NDQ) IIVI 28.21 4 3 3 1.35 50- 75 (75-165%) 12.0 NIL 2.35 NIL 47 9/30 d.39 .40 9/30 NIL NIL YES

2664 1390 IPG Photonics (NDQ) IPGP 142.78 4 3 3 1.30 185- 280 (30- 95%) 35.5 NIL 4.02 NIL 49 9/30 1.07 1.84 9/30 NIL NIL YES804 IQVIA Holdings IQV 146.49 2 3 3 .95 160- 240 (10- 65%) 21.4 NIL 6.84 NIL 18 9/30 1.60 1.42 9/30 NIL NIL YES

1761 ITT Inc. ITT 69.94 2 3 3 1.45 70- 105 (N- 50%) 18.5 0.8 3.79 .59 52 9/30 .97 .82 12/31 .147 .268 YES2220 IDACORP, Inc. IDA 104.65 3 2 2 .55 80- 110 (N- 5%) 23.5 2.6 4.46 2.68 28 9/30 1.78 2.02 12/31 ▲ .67 .63 YES1716 IDEX Corp. IEX 160.93 2 2 3 1.10 165- 225 (5- 40%) 26.6 1.2 6.04 2.00 40 9/30 1.52 1.41 3/31 .50 .43 YES

214 IDEXX Labs. (NDQ) IDXX 251.87 2 3 2 .90 270- 405 (5- 60%) 49.4 NIL 5.10 NIL 21 9/30 1.24 1.05 9/30 NIL NIL YES730 Illinois Tool Works ITW 175.18 3 1 3 1.10 195- 240 (10- 35%) 22.5 2.4 7.78 4.28 76 9/30 2.04 1.90 3/31 1.07 1.00 YES

2664 215 Illumina Inc. (NDQ) ILMN 317.23 3 3 3 1.00 360- 540 (15- 70%) 45.9 NIL 6.91 NIL 21 9/30 1.58 1.33 9/30 NIL NIL YES2312 IMAX Corp. IMAX 21.50 3 3 4 1.00 45- 70 (110-225%) 16.8 NIL 1.28 NIL 60 9/30 .15 .08 9/30 NIL NIL YES2012 Immersion Corp. (NDQ) IMMR 7.01 3 5 3 1.25 8- 16 (15-130%) NMF NIL d.68 NIL 51 9/30 d.04 d.15 9/30 NIL NIL YES

511 Imperial Oil Ltd. (ASE) IMO 25.24 ▼2 3 4 1.25 30- 50 (20-100%) 14.2 2.7 1.78 .67 42 9/30 .42 .70 3/31 .167 .144 YES835 Incyte Corp. (NDQ) INCY 94.00 3 3 4 1.15 ▲ 140- 215 (50-130%) 49.5 NIL 1.90 NIL 77 9/30 .59 .14 9/30 NIL NIL YES423 India Fund (The) IFN 20.70 – 3 – .80 20- 30 (N- 45%) NMF 0.4 NMF .08 – 6/30 23.70(q) 27.53(q) 9/30 .017 NIL YES953 Infinera Corp. (NDQ) INFN 6.52 4 5 4 1.50 8- 15 (25-130%) NMF NIL d1.07 NIL 39 9/30 d.47 d.21 9/30 NIL NIL YES

2627 Infosys Ltd. ADR INFY 9.87 3 1 3 .85 20- 25 (105-155%) 16.7 3.5 .59 .35 3 9/30 .13 .13 12/31 .112 .095 YES1762 Ingersoll-Rand IR 130.85 – 2 – 1.20 135- 185 (5- 40%) 19.5 1.6 6.72 2.12 52 9/30 1.99 1.75 12/31 .53 .53 YES573 Ingevity Corp. NGVT 89.96 3 3 4 1.60 105- 160 (15- 80%) 17.1 NIL 5.25 NIL 66 9/30 1.46 1.16 9/30 NIL NIL YES

1951 Ingles Markets (NDQ) IMKTA 42.66 3 3 3 .80 45- 70 (5- 65%) 9.2 1.5 4.66 .66 9 6/30 1.16 1.21 12/31 .165 .165 YES1920 Ingredion Inc. INGR 83.63 3 3 4 .90 130- 200 (55-140%) 11.8 3.0 7.08 2.53 30 9/30 1.82 1.70 12/31 ▲ .63 .625 YES574 Innospec Inc. (NDQ) IOSP 97.23 2 3 3 1.10 75- 115 (N- 20%) 22.2 1.1 4.38 1.11 66 9/30 1.22 .84 12/31 ▲ .52 .45 YES216 Inogen, Inc. (NDQ) INGN 76.15 5 4 5 1.25 85- 145 (10- 90%) 50.1 NIL 1.52 NIL 21 9/30 .31 .73 9/30 NIL NIL YES

1361 Inphi Corp. IPHI 71.70 2 4 2 1.10 65- 110 (N- 55%) 40.5 NIL 1.77 NIL 56 9/30 .45 .30 9/30 NIL NIL YES2175 Insight Enterprises (NDQ) NSIT 65.58 3 3 3 1.25 85- 130 (30-100%) 12.7 NIL 5.18 NIL 90 9/30 .76 .89 9/30 NIL NIL YES

237 1652 Insperity Inc. NSP 75.03 4 3 3 1.00 110- 165 (45-120%) 17.0 1.6 4.41 1.20 73 9/30 .63 .86 12/31 ◆.30 .20 YES743 Insteel Industries (NDQ) IIIN 22.27 4 3 4 1.25 40- 60 (80-170%) NMF 0.5 ▼d.06 .12 91 9/30 d.09 .49 12/31 NIL NIL YES182 Insulet Corp. (NDQ) PODD 181.16 3 3 3 1.05 95- 145 (N- N%) NMF NIL .43 NIL 8 9/30 .01 .03 9/30 NIL NIL YES

1332 Integer Holdings ITGR 75.62 3 3 3 1.30 100- 145 (30- 90%) 16.9 NIL 4.47 NIL 59 9/30 1.20 1.06 9/30 NIL NIL YES183 Integra LifeSciences (NDQ) IART 60.76 1 3 3 .85 65- 95 (5- 55%) 21.5 NIL 2.82 NIL 8 9/30 .68 .59 9/30 NIL NIL YES

2664 1362 Intel Corp. (NDQ) INTC 58.81 3 1 3 1.10 90- 105 (55- 80%) 12.7 2.1 4.63 1.26 56 9/30 1.42 1.40 12/31 .315 .30 YES456 924 Intelsat S.A. I 6.45 4 5 1 1.50 12- 20 (85-210%) NMF NIL d2.57 NIL 72 9/30 d1.05 d2.74 9/30 NIL NIL YES

1010 Inter Parfums (NDQ) IPAR 69.05 2 3 3 1.00 70- 105 (N- 50%) 34.4 1.9 2.01 1.32 25 9/30 .66 .60 3/31 ▲ .33 .275 YES1803 Interactive Brokers (NDQ) IBKR 49.39 4 3 4 1.20 70- 100 (40-100%) 22.1 0.8 2.23 .40 19 9/30 .45 .51 12/31 .10 .10 YES836 Intercept Pharmac. (NDQ) ICPT 96.34 4 4 5 1.55 ▲ 100- 165 (5- 70%) NMF NIL d9.84 NIL 77 9/30 d2.59 d2.18 9/30 NIL NIL YES

1804 Intercontinental Exch. ICE 94.32 1 2 2 .80 95- 130 (N- 40%) 23.1 1.2 4.09 1.10 19 9/30 1.06 .85 12/31 .275 .24 YES600 InterDigital Inc. (NDQ) IDCC 58.41 4 3 4 1.10 75- 115 (30- 95%) 42.3 2.4 1.38 1.40 50 9/30 .07 .60 12/31 .35 .35 YES

1150 Interface Inc. ‘A’ (NDQ) TILE 17.28 3 3 4 1.20 40- 60 (130-245%) 10.0 1.5 1.72 .26 27 9/30 .47 .41 12/31 .065 .065 YES2228 1404 Int’l Business Mach. IBM 135.97 3 1 3 1.10 170- 205 (25- 50%) 10.8 4.8 12.58 6.54 67 9/30 2.68 3.42 12/31 1.62 1.57 YES

575 Int’l Flavors & Frag. IFF 141.41 3 1 5 .95 165- 205 (15- 45%) 21.9 2.2 6.47 3.09 66 9/30 1.53 1.54 12/31 ▲ .75 .73 YES456 2356 Int’l Game Tech. PLC IGT 15.32 4 3 4 1.40 30- 45 (95-195%) 12.6 5.4 1.22 .82 63 9/30 .21 .31 12/31 .20 .20 YES

1162 Int’l Paper IP 46.07 4 3 5 1.30 80- 120 (75-160%) 11.7 4.4 3.95 2.05 89 9/30 .87 1.37 12/31 ▲ .513 .50 YES2455 Int’l Speedway ‘A’ ISCA SEE FINAL SUPPLEMENT2391 Interpublic Group IPG 22.27 2 3 4 1.05 35- 55 (55-145%) 12.6 4.6 1.77 1.03 44 9/30 .42 .41 12/31 .235 .21 YES2595 Intuit Inc. (NDQ) INTU 257.07 ▲2 2 3 1.10 295- 400 (15- 55%) 33.8 0.8 7.60 2.12 11 10/31 ◆.41 .29 3/31 ◆.53 .47 YES184 Intuitive Surgical (NDQ) ISRG 581.50 ▲2 2 3 1.00 595- 805 (N- 40%) 46.3 NIL 12.57 NIL 8 9/30 3.33 2.45 9/30 NIL NIL YES217 Invacare Corp. IVC 9.76 – 4 – 1.25 10- 17 (N- 75%) NMF 0.5 d.32 .05 21 9/30 d.15 d.36 3/31 ◆.013 .013 YES

2563 Invesco Ltd. IVZ 17.75 4 3 4 1.40 35- 55 (95-210%) 14.0 7.0 1.27 1.24 13 9/30 .36 .65 12/31 .31 .30 YES1504 Investors Bancorp (NDQ) ISBC 12.07 3 3 3 .95 14- 20 (15- 65%) 16.1 3.6 .75 .44 14 9/30 .20 .19 12/31 .11 .11 YES837 Ionis Pharmac. (NDQ) IONS 63.14 3 4 3 1.25 70- 115 (10- 80%) 57.9 NIL ▲ 1.09 NIL 77 9/30 .18 d.03 9/30 NIL NIL YES925 Iridium Communic. (NDQ) IRDM 24.29 4 4 3 1.25 30- 50 (25-105%) NMF NIL d.29 NIL 72 9/30 d.14 d.13 9/30 NIL NIL YES

2458 1333 iRobot Corp. (NDQ) IRBT 47.54 ▲3 3 3 1.15 120- 180 (150-280%) 24.1 NIL 1.97 NIL 59 9/30 1.24 1.12 9/30 NIL NIL YES393 Iron Mountain IRM 34.05 3 3 4 .90 40- 60 (15- 75%) 26.2 7.3 1.30 2.48 10 9/30 .32 .28 3/31 ▲ .619 .611 YES

1629 Ironwood Pharmac. (NDQ) IRWD 12.20 3 4 5 1.35 15- 25 (25-105%) NMF NIL d.50 NIL 61 9/30 .13 d1.14 9/30 NIL NIL YES601 Itron Inc. (NDQ) ITRI 80.66 2 3 2 1.10 80- 115 (N- 45%) 38.2 NIL 2.11 NIL 50 9/30 .42 .50 9/30 NIL NIL YES

1921 J&J Snack Foods (NDQ) JJSF 186.72 1 1 2 .70 190- 235 (N- 25%) 34.1 1.2 5.47 2.20 30 9/30 1.36 1.24 12/31 .50 .452230 2518 JPMorgan Chase JPM 131.49 3 2 3 1.15 110- 150 (N- 15%) 12.7 2.8 10.33 3.70 46 9/30 2.68 2.34 12/31 ▲ .90 .80 YES

926 j2 Global (NDQ) JCOM 98.30 2 3 3 1.10 100- 145 (N- 50%) 32.2 NIL 3.05 NIL 72 9/30 .62 .61 9/30 ▼NIL .425 YES1334 Jabil Inc. JBL 39.28 ▲2 3 3 1.10 50- 75 (25- 90%) 11.8 0.8 3.33 .32 59 8/31 .88 .70 12/31 .08 .08 YES364 Jack in the Box (NDQ) JACK 78.05 2 3 1 .80 105- 160 (35-105%) 16.3 2.2 4.79 1.75 43 9/30 ◆.95 .77 12/31 ◆.40 .40 YES

1229 Jacobs Engineering JEC 90.75 3 3 3 1.30 95- 145 (5- 60%) 17.7 0.7 5.12 .68 84 9/30 ◆1.48 1.31 12/31 .17 .15 YES2564 Janus Henderson plc JHG 25.39 4 3 5 1.35 35- 50 (40- 95%) 9.4 5.7 2.70 1.44 13 9/30 .58 .55 12/31 .36 .36 YES424 Japan Smaller Cap Fd JOF 9.35 – 3 – .90 11- 16 (20- 70%) NMF 0.5 NMF .05 – 8/31 9.69(q) 12.67(q) 9/30 NIL NIL838 Jazz Pharmac. plc (NDQ) JAZZ 147.66 3 3 5 1.20 205- 305 (40-105%) 9.2 NIL 15.98 NIL 77 9/30 4.10 3.58 9/30 NIL NIL YES

1763 Jefferies Fin’l Group JEF 20.95 3 3 5 1.25 40- 65 (90-210%) 17.5 2.4 1.20 .50 52 8/31 .15 .55 12/31 .125 .125 YES1113 JELD-WEN Holding JELD 21.97 4 3 4 1.45 30- 40 (35- 80%) 16.6 NIL 1.32 NIL 31 9/30 .17 .27 9/30 NIL NIL YES310 JetBlue Airways (NDQ) JBLU 19.20 3 3 3 1.20 30- 45 (55-135%) 8.8 NIL 2.19 NIL 71 9/30 .59 .43 9/30 NIL NIL YES

1764 John Bean Tech. JBT 109.01 3 3 3 1.20 110- 165 (N- 50%) 21.8 0.4 5.01 .40 52 9/30 1.28 1.06 9/30 .10 .10 YES2229 218 Johnson & Johnson JNJ 137.18 2 1 5 .80 190- 235 (40- 70%) 18.6 2.8 7.38 3.80 21 9/30 1.81 1.44 12/31 .95 .90 YES

1765 Johnson Ctrls. Int’l plc JCI 42.62 – 3 – 1.20 35- 55 (N- 30%) 19.4 2.4 2.20 1.04 52 9/30 .78 .82 12/31 .26 .26 YES394 Jones Lang LaSalle JLL 168.05 3 3 5 1.25 220- 325 (30- 95%) 12.1 0.5 13.92 .86 10 9/30 3.52 3.02 12/31 .43 .41 YES954 Juniper Networks JNPR 25.86 3 3 4 1.10 30- 45 (15- 75%) 14.4 3.0 1.79 .78 39 9/30 .48 .54 12/31 .19 .18 YES

2126 KAR Auction Svcs. KAR 21.44 – 3 – NMF 40- 55 (85-155%) 15.1 3.5 1.42 .76 12 9/30 .26 .57 12/31 .19 .35 YES1127 KB Home KBH 34.65 3 3 2 1.35 25- 40 (N- 15%) 12.1 1.0 2.86 .36 7 8/31 .73 .87 12/31 .09 .025 YES

HU-K

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

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Page 12 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 13: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1230 KBR, Inc. KBR 29.84 2 3 3 1.50 30- 45 (N- 50%) 16.4 1.1 1.82 .32 84 9/30 .45 .41 3/31 .08 .08 YES2454 KKR & Co. KKR 29.54 – 3 – 1.35 40- 60 (35-105%) 15.7 1.7 1.88 .50 – 9/30 .46 .60 12/31 .125 .125 YES122 KLA Corp. (NDQ) KLAC 163.35 2 3 2 1.15 135- 200 (N- 20%) 16.7 2.1 9.80 3.40 47 9/30 2.48 2.46 12/31 ▲ .85 .75 YES

1766 Kadant Inc. KAI 96.06 3 3 4 .95 100- 155 (5- 60%) 17.8 1.0 5.40 .92 52 9/30 1.41 1.53 3/31 ◆.23 .22 YES1767 Kaman Corp. KAMN 65.31 3 2 4 .90 60- 80 (N- 20%) 34.0 1.2 1.92 .80 52 9/30 .46 .57 3/31 .20 .20 YES345 Kansas City South’n KSU 154.02 2 3 3 1.10 150- 220 (N- 45%) 21.0 1.0 7.34 1.60 23 9/30 1.94 1.70 3/31 ▲ .40 .36 YES

1922 Kellogg K 64.34 3 1 3 .60 75- 90 (15- 40%) 16.7 3.6 3.86 2.30 30 9/30 1.03 1.06 12/31 .57 .56 YES1653 Kelly Services ‘A’ (NDQ) KELYA 22.11 3 3 3 .95 35- 55 (60-150%) 9.1 1.4 2.43 .30 73 9/30 .43 .56 12/31 .075 .075 YES

451 1335 KEMET Corp. KEM 26.65 – 4 – 1.65 18- 30 (N- 15%) 11.5 0.8 2.32 .20 59 9/30 d.26 .63 9/30 .05 NIL YES2565 Kemper Corp. KMPR 73.50 3 3 3 1.15 65- 95 (N- 30%) 13.0 1.5 5.65 1.12 13 9/30 1.93 1.59 12/31 ▲ .28 .24 YES731 Kennametal Inc. KMT 34.28 4 3 4 1.55 ▼ 45- 65 (30- 90%) 18.0 2.3 ▼1.90 .80 76 9/30 .17 .70 12/31 .20 .20 YES

1975 Keurig Dr Pepper KDP 30.70 – 3 – NMF 40- 65 (30-110%) 21.5 2.1 1.43 .63 48 9/30 .21 .11 3/31 .15 .15 YES2519 KeyCorp KEY 19.42 3 3 4 1.25 25- 40 (30-105%) 11.3 3.9 1.72 .75 46 9/30 .38 .45 12/31 ◆.185 .17 YES123 Keysight Technologies KEYS 106.30 2 3 3 1.10 115- 170 (10- 60%) 22.1 NIL 4.82 NIL 47 7/31 1.25 .89 9/30 NIL NIL YES

1654 Kforce Inc. (NDQ) KFRC 39.41 3 3 3 1.05 45- 70 (15- 80%) 15.0 1.8 2.62 .72 73 9/30 .68 .64 12/31 .18 .18 YES1151 Kimball Int’l (NDQ) KBAL 21.63 2 3 3 1.05 25- 35 (15- 60%) 17.3 1.7 1.25 .36 27 9/30 .31 .29 3/31 .09 .08 YES1190 Kimberly-Clark KMB 133.35 2 1 2 .70 170- 205 (25- 55%) 19.3 3.1 6.92 4.12 29 9/30 1.84 1.71 3/31 ◆1.03 1.00 YES1532 Kimco Realty KIM 21.43 3 3 2 .85 30- 40 (40- 85%) 28.2 5.4 .76 1.15 22 9/30 .14 .19 3/31 .28 .28 YES613 Kinder Morgan Inc. KMI 19.96 3 3 2 1.35 45- 65 (125-225%) 19.4 5.0 1.03 1.00 62 9/30 .22 .31 12/31 .25 .20 YES

1575 Kinross Gold KGC 4.19 2 5 3 .60 6- 12 (45-185%) 11.3 NIL .37 NIL 2 9/30 .08 d.04 9/30 NIL NIL YES334 Kirby Corp. KEX 85.26 3 3 3 1.15 75- 110 (N- 30%) 27.3 NIL 3.12 NIL 88 9/30 .80 .70 9/30 NIL NIL YES324 Knight-Swift Trans. KNX 37.19 3 3 1 1.20 50- 75 (35-100%) 17.9 0.6 2.08 .24 69 9/30 .48 .65 12/31 .06 .06 YES

1417 Knoll Inc. KNL 27.84 2 3 3 1.15 30- 50 (10- 80%) 12.8 2.4 2.18 .68 92 9/30 .55 .41 9/30 .17 .15 YES955 Knowles Corp. KN 21.98 2 3 2 1.50 25- 35 (15- 60%) 17.9 NIL 1.23 NIL 39 9/30 .38 .34 9/30 NIL NIL YES

641 2144 Kohl’s Corp. KSS 48.40 4 3 4 1.05 70- 105 (45-115%) 9.1 6.0 5.34 2.89 35 10/31 .74 .98 12/31 .67 .61 YES425 Korea Fund KF 28.55 – 3 – .95 50- 80 (75-180%) NMF 2.1 NMF .60 – 9/30 31.29(q) 42.03(q) 9/30 NIL NIL

1655 Korn Ferry KFY 38.22 4 3 5 1.20 60- 90 (55-135%) 11.4 1.0 3.34 .40 73 7/31 .76 .78 12/31 .10 .10 YES2673 1923 Kraft Heinz Co. (NDQ) KHC 31.06 4 3 4 .90 45- 65 (45-110%) 11.7 5.2 2.65 1.63 30 9/30 .69 .78 12/31 .40 .625 YES2028 576 Kraton Corp. KRA 23.16 5 4 3 1.50 30- 50 (30-115%) 11.5 NIL 2.01 NIL 66 9/30 .58 1.31 9/30 NIL NIL YES

714 Kratos Defense & Sec. (NDQ) KTOS 17.79 3 4 2 1.55 30- 45 (70-155%) 43.4 NIL .41 NIL 45 9/30 .09 .01 9/30 NIL NIL YES236 1952 Kroger Co. KR 27.00 3 3 4 .80 30- 45 (10- 65%) 12.0 2.4 2.25 .64 9 7/31 .44 .41 12/31 .16 .14 YES

577 Kronos Worldwide KRO 13.84 4 4 4 1.75 19- 30 (35-115%) 15.6 5.2 .89 .72 66 9/30 .16 .28 12/31 .18 .17 YES1391 Kulicke & Soffa (NDQ) KLIC 24.89 4 3 3 1.10 35- 50 (40-100%) 27.7 1.9 .90 .48 49 9/30 .14 .45 12/31 .12 .12 YES2203 L Brands LB 19.17 5 4 3 1.05 30- 45 (55-135%) 8.6 6.3 2.22 1.20 83 10/31 ◆d.91 d.16 12/31 .30 .60 YES1336 L3Harris Technologies LHX 196.49 – 2 – .90 240- 320 (20- 65%) 20.5 1.5 9.60 3.00 59 9/30 1.90 1.78 12/31 ▲ .75 .685 YES989 LCI Industries LCII 107.70 3 3 3 1.15 150- 220 (40-105%) 17.0 2.4 6.33 2.60 87 9/30 1.42 1.33 12/31 .65 .60 YES990 LKQ Corp. (NDQ) LKQ 35.39 2 3 3 1.10 55- 85 (55-140%) 14.2 NIL 2.49 NIL 87 9/30 .61 .56 9/30 NIL NIL YES

1805 LPL Financial Hldgs. (NDQ) LPLA 91.65 2 3 4 1.10 130- 200 (40-120%) 12.4 1.1 7.40 1.00 19 9/30 1.57 1.19 12/31 .25 .25 YES1152 La-Z-Boy Inc. LZB 32.48 3 3 2 1.00 45- 70 (40-115%) 13.3 1.7 2.45 .56 27 10/31 ◆.52 .48 12/31 ▲ .14 .13 YES805 Laboratory Corp. LH 172.78 2 1 2 .95 210- 255 (20- 50%) 14.8 NIL 11.65 NIL 18 9/30 2.90 2.74 9/30 NIL NIL YES

1392 Lam Research (NDQ) LRCX 269.01 3 3 2 1.30 235- 355 (N- 30%) 19.8 1.7 13.60 4.60 49 9/30 3.18 3.36 3/31 1.15 NIL YES2392 Lamar Advertising (NDQ) LAMR 83.12 2 3 3 .90 90- 140 (10- 70%) 21.5 4.8 3.86 3.96 44 9/30 .99 .95 9/30 .96 .91 YES1924 Lamb Weston Holdings LW 83.43 2 3 3 .65 90- 135 (10- 60%) 23.8 1.0 3.50 .80 30 8/31 .79 .73 12/31 .20 .191 YES

236 1925 Lancaster Colony (NDQ) LANC 158.64 2 2 4 .70 140- 190 (N- 20%) 27.4 1.8 5.80 2.80 30 9/30 1.48 1.42 12/31 ▲ .70 .65 YES2407 Laredo Petroleum LPI 2.34 5 5 3 2.15 4- 8 (70-240%) 2.7 NIL .88 NIL 94 9/30 .21 .27 9/30 NIL NIL YES2357 Las Vegas Sands LVS 63.41 4 3 3 1.45 75- 115 (20- 80%) 19.2 5.0 3.30 3.14 63 9/30 .75 .77 12/31 .77 .75 YES1363 Lattice Semiconductor (NDQ) LSCC 19.48 3 4 2 1.15 20- 35 (5- 80%) 33.6 NIL .58 NIL 56 9/30 .05 .11 9/30 NIL NIL YES1011 Lauder (Estee) EL 194.70 1 2 3 .85 170- 225 (N- 15%) 32.7 1.0 5.95 1.92 25 9/30 1.67 1.41 12/31 ▲ .48 .43 YES2002 Laureate Education (NDQ) LAUR 16.89 3 3 3 .90 20- 30 (20- 80%) 19.9 NIL .85 NIL 33 9/30 d.13 d.17 9/30 NIL NIL YES2566 Lazard Ltd. LAZ 38.46 4 3 4 1.45 65- 95 (70-145%) 10.0 4.9 3.85 1.88 13 9/30 .76 .86 12/31 .47 .44 YES991 Lear Corp. LEA 120.93 4 3 3 1.25 190- 285 (55-135%) 7.7 2.5 15.79 3.00 87 9/30 3.54 4.09 12/31 .75 .70 YES

1153 Leggett & Platt LEG 52.83 ▲2 2 3 1.05 65- 85 (25- 60%) 19.8 3.0 2.67 1.60 27 9/30 .76 .67 3/31 .40 .38 YES2567 Legg Mason LM 39.39 3 3 3 1.35 60- 90 (50-130%) 10.6 4.1 3.70 1.60 13 9/30 .95 .88 3/31 .40 .34 YES395 Leidos Hldgs. LDOS 90.03 2 2 3 1.00 90- 120 (N- 35%) 17.1 1.5 5.26 1.36 10 9/30 1.36 1.14 12/31 .34 .32 YES

1128 Lennar Corp. LEN 59.43 2 3 1 1.10 60- 90 (N- 50%) 10.5 0.3 5.65 .16 7 8/31 1.59 1.30 12/31 .04 .04 YES1717 Lennox Int’l LII 256.83 3 3 3 .95 250- 375 (N- 45%) 22.2 1.2 11.58 3.08 40 9/30 3.34 2.72 12/31 .77 .64 YES2110 Levi Strauss & Co. LEVI 17.05 – 3 – NMF 20- 30 (15- 75%) 16.9 1.8 1.01 .30 85 8/31 .30 NA 12/31 ▲ .15 NIL YES1202 Liberty All-Star USA 6.56 – 2 – 1.10 6- 8 (N- 20%) NMF 9.1 NMF .60 – 9/30 6.51(q) 7.00(q) 12/31 NIL NIL1024 Liberty Global plc (NDQ) LBTYA 21.87 3 3 2 1.20 30- 45 (35-105%) 91.1 NIL .24 NIL 20 9/30 .77 d.56 9/30 NIL NIL YES927 Liberty Latin Amer. (NDQ) LILA 17.95 – 3 – NMF 17- 25 (N- 40%) NMF NIL d.58 NIL 72 9/30 .19 d.15 9/30 NIL NIL YES

2665 1533 Liberty Property LPT 61.17 – 3 – .90 40- 60 (N- N%) 31.7 2.7 1.93 1.64 22 9/30 .39 .33 12/31 .41 .40 YES1630 Lilly (Eli) LLY 117.47 3 1 3 .70 140- 170 (20- 45%) 19.2 2.2 6.13 2.58 61 9/30 1.48 1.39 12/31 .645 .563 YES

1851 992 Linamar Corp. (TSE) LNR.TO 43.54b 4 3 4 1.25 70- 110 (60-155%) 6.1 1.1 7.17 .48 87 9/30 1.50(b) 1.71(b) 12/31 .12 .121718 Lincoln Elec Hldgs. (NDQ) LECO 93.18 3 3 3 1.25 105- 155 (15- 65%) 17.7 2.1 5.25 1.96 40 9/30 1.09 1.21 3/31 ▲ .49 .47 YES1561 Lincoln Nat’l Corp. LNC 58.72 4 3 3 1.55 80- 120 (35-105%) 6.2 2.7 9.48 1.60 37 9/30 2.22 2.34 3/31 ▲ .40 .37 YES578 Linde plc LIN 205.94 – 3 – NMF 220- 330 (5- 60%) 26.8 1.8 7.68 3.80 66 9/30 1.94 NA 12/31 .875 .825 YES

1719 Lindsay Corp. LNN 90.05 4 3 3 1.00 85- 125 (N- 40%) 40.2 1.4 2.24 1.24 40 8/31 .54 .42 12/31 .31 .31 YES451 2333 Lions Gate ‘A’ LGFA 9.17 4 3 4 1.20 30- 50 (225-445%) 13.1 NIL .70 NIL 86 9/30 .01 d.67 9/30 NIL .09 YES

2127 Lithia Motors LAD 163.48 ▼3 3 3 1.15 145- 220 (N- 35%) 13.7 0.7 11.89 1.20 12 9/30 3.64 3.84 12/31 .30 .29 YES1311 Littelfuse Inc. (NDQ) LFUS 183.00 4 3 3 1.15 185- 275 (N- 50%) 26.8 1.0 6.83 1.92 64 9/30 1.78 2.49 12/31 .48 .43 YES2334 Live Nation Entertain. LYV 69.03 3 3 3 1.10 70- 105 (N- 50%) NMF NIL .50 NIL 86 9/30 .71 .70 9/30 NIL NIL YES1953 Loblaw Cos. Ltd. (TSE) L.TO 71.01b 2 2 2 .55 80- 105 (15- 50%) 21.8 1.8 3.25 1.26 9 9/30 .90(b) d.07(b) 12/31 .315(b) .295(b) YES715 Lockheed Martin LMT 389.98 2 1 2 .80 390- 480 (N- 25%) 17.5 2.5 22.26 9.60 45 9/30 5.66 5.14 12/31 ▲ 2.40 2.20 YES

2568 Loews Corp. L 50.80 3 2 2 1.00 80- 105 (55-105%) 17.7 0.5 2.87 .25 13 9/30 .22 .84 12/31 .063 .063 YES1405 Logitech Int’l (NDQ) LOGI 43.47 2 3 3 1.00 50- 75 (15- 75%) 23.4 1.7 1.86 .74 67 9/30 .43 .38 9/30 ▲ .736 .678 YES

642 1829 LogMeIn Inc. (NDQ) LOGM 77.74 4 3 5 1.10 75- 110 (N- 40%) 45.5 1.7 1.71 1.30 54 9/30 .10 .24 12/31 .325 .30 YES1163 Louisiana-Pacific LPX 29.72 3 3 2 1.30 35- 55 (20- 85%) 25.4 1.8 1.17 .54 89 9/30 .02 .86 12/31 .135 .13 YES1140 Lowe’s Cos. LOW 117.00 3 2 2 1.10 125- 165 (5- 40%) 18.9 1.9 6.18 2.20 15 10/31 1.41 1.04 3/31 .55 .48 YES2204 lululemon athletica (NDQ) LULU 222.16 2 3 3 1.00 195- 295 (N- 35%) 44.3 NIL 5.02 NIL 83 7/31 .96 .71 9/30 NIL NIL YES1141 Lumber Liquidators LL 8.80 5 4 3 1.55 19- 30 (115-240%) 24.4 NIL .36 NIL 15 9/30 .04 .21 9/30 NIL NIL YES124 Lumentum Holdings (NDQ) LITE 70.89 3 3 3 .95 75- 115 (5- 60%) 31.5 NIL 2.25 NIL 47 9/30 .61 .72 9/30 NIL NIL YES

2458 2596 Lyft, Inc. (NDQ) LYFT 48.94 – 4 – NMF 60- 100 (25-105%) NMF NIL d1.69 NIL 11 9/30 d.47 NA 9/30 NIL NIL YES

K -LY

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 13

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 14: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

579 LyondellBasell Inds. LYB 94.75 3 3 4 1.40 110- 170 (15- 80%) 9.3 4.4 10.16 4.20 66 9/30 2.85 2.85 12/31 ◆1.05 1.00 YES2520 M&T Bank Corp. MTB 166.02 3 2 4 1.05 220- 300 (35- 80%) 11.6 2.7 14.36 4.40 46 9/30 3.47 3.53 12/31 ▲ 1.10 1.00 YES1129 M.D.C. Holdings MDC 39.40 3 3 1 1.10 45- 70 (15- 80%) 10.4 3.0 3.80 1.20 7 9/30 .79 .86 12/31 .30 .278 YES538 MDU Resources MDU 28.99 1 2 3 .95 40- 55 (40- 90%) 17.8 2.8 1.63 .81 93 9/30 .69 .55 3/31 ▲ .208 .203 YES

1203 MFS Multimarket MMT 6.11 – 4 – .60 5- 9 (N- 45%) NMF 7.9 NMF .48 – 4/30 6.26(q) 6.32(q) 9/30 .127 .125912 MGE Energy (NDQ) MGEE 77.15 2 1 3 .55 60- 75 (N- N%) 28.8 1.9 2.68 1.43 26 9/30 .88 .85 12/31 ▲ .353 .338 YES

2569 MGIC Investment MTG 14.20 3 3 3 1.15 25- 35 (75-145%) 6.9 1.7 2.07 .24 13 9/30 .49 .48 12/31 .06 NIL YES1534 MGM Growth Properties MGP 30.72 3 3 3 .80 30- 45 (N- 45%) 30.1 6.1 1.02 1.88 22 9/30 .24 .27 12/31 .47 .438 YES2358 MGM Resorts Int’l MGM 32.05 3 3 4 1.55 45- 70 (40-120%) 23.6 1.6 1.36 .52 63 9/30 .31 .26 12/31 .13 .12 YES1976 MGP Ingredients (NDQ) MGPI 46.61 4 3 4 .90 70- 105 (50-125%) 17.7 0.9 2.64 .40 48 9/30 .48 .52 12/31 .10 .08 YES1393 MKS Instruments (NDQ) MKSI 106.40 3 3 2 1.30 105- 155 (N- 45%) 19.3 0.8 5.51 .80 49 9/30 1.12 1.70 12/31 .20 .20 YES628 MPLX LP MPLX 23.98 1 3 3 1.35 40- 60 (65-150%) 9.6 11.3 2.50 2.71-2.00 16 9/30 .61 .62 12/31 ▲ .678 .638 YES

2424 MRC Global MRC 13.95 4 4 4 1.75 20- 35 (45-150%) 17.4 NIL .80 NIL 95 9/30 .18 .20 9/30 NIL NIL YES1720 MSA Safety MSA 124.03 3 3 3 1.15 120- 180 (N- 45%) 24.9 1.4 4.99 1.76 40 9/30 1.15 1.16 12/31 .42 .38 YES1721 MSC Industrial Direct MSM 74.23 3 2 3 1.00 130- 175 (75-135%) 13.7 4.0 5.40 3.00 40 8/31 1.30 1.32 12/31 .75 .58 YES440 MSCI Inc. MSCI 264.01 2 3 3 1.00 210- 315 (N- 20%) 39.2 1.1 6.74 2.82 6 9/30 1.68 1.35 12/31 .68 .58 YES

1039 2335 MSG Networks MSGN 16.52 4 3 4 .95 45- 70 (170-325%) 6.4 NIL 2.60 NIL 86 9/30 .57 .62 9/30 NIL NIL YES★★ 125 MTS Systems (NDQ) MTSC 60.56 ▼3 3 3 1.15 55- 85 (N- 40%) 23.5 2.0 2.58 1.20 47 9/30 ◆.25 .56 12/31 .30 .30 YES

1535 Macerich Comp. (The) MAC 26.57 4 3 3 .90 60- 90 (125-240%) 39.7 11.6 .67 3.08 22 9/30 .33 .52 12/31 .75 .75 YES1536 Mack-Cali R’lty CLI 21.46 – 3 – 1.00 50- 80 (135-275%) 67.1 3.7 .32 .80 22 9/30 d.65 d.05 12/31 .20 .20 YES1364 MACOM Tech. Solutions(NDQ) MTSI 24.78 4 3 3 1.45 30- 45 (20- 80%) NMF NIL .13 NIL 56 9/30 .01 .16 9/30 NIL NIL YES396 Macquarie Infra. MIC 42.01 3 3 4 1.05 45- 70 (5- 65%) 38.9 9.5 1.08 4.00 10 9/30 .18 .02 12/31 1.00 1.00 YES

2145 Macy’s Inc. M 15.56 5 3 4 1.05 40- 60 (155-285%) 5.7 9.7 2.73 1.51 35 10/31 ◆.07 .27 3/31 .378 .378 YES2668 2158 Madden (Steven) Ltd. (NDQ) SHOO 43.00 3 3 3 1.10 45- 65 (5- 50%) 22.5 1.4 1.91 .60 36 9/30 .67 .64 12/31 ▲ .15 .14 YES

2336 Madison Square Garden MSG 274.32 – 2 – NMF 300- 400 (10- 45%) NMF NIL 1.70 NIL 86 9/30 d3.36 d1.35 9/30 NIL NIL YES629 Magellan Midstream MMP 61.16 3 3 2 1.05 100- 150 (65-145%) 13.5 7.1 4.53 4.35 16 9/30 1.19 2.60 12/31 ▲ 1.02 .978 YES993 Magna Int’l ‘A’ MGA 54.97 3 3 3 1.30 80- 120 (45-120%) 8.6 2.8 6.38 1.54(h)87 9/30 1.41 1.56 12/31 .365 .33 YES

2408 Magnolia Oil & Gas MGY 11.59 – 3 – NMF 12- 18 (5- 55%) 29.0 NIL .40 NIL 94 9/30 .05 .04 9/30 NIL NIL YES1036 Mallinckrodt plc MNK SEE FINAL SUPPLEMENT2628 Manhattan Assoc. (NDQ) MANH 81.45 3 3 3 1.20 65- 100 (N- 25%) 69.6 NIL 1.17 NIL 3 9/30 .42 .43 9/30 NIL NIL YES160 Manitowoc Co. MTW 16.76 4 4 4 2.05 35- 60 (110-260%) 9.2 NIL 1.83 NIL 55 9/30 .54 .20 9/30 NIL NIL YES

1656 ManpowerGroup Inc. MAN 94.14 3 3 4 1.40 105- 155 (10- 65%) 11.7 2.4 8.06 2.26 73 9/30 2.42 2.43 12/31 1.19 1.01 YES2629 ManTech Int’l ‘A’ (NDQ) MANT 78.54 2 3 3 1.00 65- 95 (N- 20%) 32.1 1.4 2.45 1.08 3 9/30 .69 .55 12/31 .27 .25 YES1562 Manulife Fin’l MFC 19.59 2 3 3 1.25 30- 40 (55-105%) 8.9 3.9 2.19 .76 37 9/30 .58 .55 12/31 .189 .183 YES1926 Maple Leaf Foods (TSE) MFI.TO 23.29 3 2 3 .60 40- 55 (70-135%) 15.5 2.5 1.50 .58 30 9/30 .11 .21 12/31 .145 .13 YES2409 Marathon Oil Corp. MRO 12.11 4 3 4 2.00 25- 40 (105-230%) 15.7 2.1 .77 .26 94 9/30 .14 .28 12/31 .05 .05 YES512 Marathon Petroleum MPC 62.43 1 3 3 1.50 80- 125 (30-100%) 11.5 3.4 5.41 2.12 42 9/30 1.63 1.62 12/31 .53 .46 YES

2359 Marcus Corp. MCS 31.13 3 3 3 .90 45- 65 (45-110%) 16.9 2.1 1.84 .64 63 9/30 .46 .56 12/31 .16 .15 YES2176 MarineMax HZO 16.53 4 4 4 1.35 35- 55 (110-235%) 9.5 NIL 1.74 NIL 90 9/30 .31 .50 9/30 NIL NIL YES766 Markel Corp. MKL 1115.00 3 1 1 .90 1240-1515 (10- 35%) 25.2 NIL ▲ 44.17 NIL 4 9/30 13.95 28.50 9/30 NIL NIL YES

1806 MarketAxess Holdings (NDQ) MKTX 397.18 2 3 3 .75 210- 315 (N- N%) 71.3 0.5 5.57 2.04 19 9/30 1.42 1.02 12/31 .51 .42 YES2360 Marriott Int’l (NDQ) MAR 137.98 3 3 4 1.15 155- 230 (10- 65%) 21.9 1.4 6.31 1.92 63 9/30 1.47 1.43 12/31 .48 .41 YES2361 Marriott Vacations VAC 121.89 3 3 3 1.45 160- 240 (30- 95%) 14.3 1.5 8.51 1.85 63 9/30 1.97 1.42 12/31 .45 .40 YES2570 Marsh & McLennan MMC 108.00 3 1 4 .90 110- 135 (N- 25%) 22.5 1.7 4.80 1.84 13 9/30 .77 .78 12/31 .455 .415 YES1114 Martin Marietta MLM 261.75 2 3 2 1.10 220- 335 (N- 30%) 27.2 0.8 9.61 2.22 31 9/30 3.96 2.85 12/31 .55 .48 YES956 Marvell Technology (NDQ) MRVL 26.68 3 3 3 1.20 35- 55 (30-105%) 31.0 0.9 .86 .24 39 7/31 .16 .01 12/31 .06 .06 YES

1115 Masco Corp. MAS 46.42 3 3 3 1.20 40- 65 (N- 40%) 16.9 1.2 2.74 .54 31 9/30 .68 .65 12/31 ▲ .135 .12 YES219 Masimo Corp. (NDQ) MASI 153.73 3 3 3 1.00 95- 145 (N- N%) 44.3 NIL 3.47 NIL 21 9/30 .86 1.02 9/30 NIL NIL YES

1154 Masonite Int’l DOOR 69.68 3 3 4 1.05 110- 165 (60-135%) 18.9 NIL 3.69 NIL 27 9/30 .59 .89 9/30 NIL NIL YES1231 MasTec MTZ 65.92 2 3 2 1.55 80- 125 (20- 90%) 13.5 NIL 4.89 NIL 84 9/30 1.73 1.33 9/30 NIL NIL YES2571 MasterCard Inc. MA 287.61 2 1 3 1.00 250- 305 (N- 5%) 37.8 0.5 7.61 1.32 13 9/30 2.15 1.78 12/31 .33 .33 YES2650 Match Group (NDQ) MTCH 69.28 2 4 2 .95 45- 75 (N- 10%) 37.4 NIL 1.85 NIL 70 9/30 .51 .44 9/30 NIL NIL YES1591 Materion Corp. MTRN 59.18 2 3 3 1.20 65- 95 (10- 60%) 19.5 0.7 3.04 .44 81 9/30 .81 .68 12/31 .11 .105 YES335 Matson, Inc. MATX 38.34 3 3 3 1.20 50- 75 (30- 95%) 16.5 2.3 2.33 .88 88 9/30 .84 .97 12/31 .22 .21 YES

2665 2313 Mattel, Inc. (NDQ) MAT 11.74 3 3 3 1.05 18- 25 (55-115%) NMF NIL d.20 NIL 60 9/30 .26 .18 9/30 NIL NIL YES451 1847 Matthews Int’l (NDQ) MATW 39.11 4 3 3 1.10 65- 95 (65-145%) 10.3 2.1 3.80 .84 68 9/30 ◆1.01 1.23 12/31 ▲ .21 .20 YES

716 Maxar Technologies MAXR 10.79 3 4 3 .50 9- 16 (N- 50%) NMF 0.4 d1.50 .04 45 9/30 d.44 .75 12/31 .01 .28 YES1365 Maxim Integrated (NDQ) MXIM 56.94 3 3 2 1.15 55- 80 (N- 40%) 25.9 3.4 2.20 1.92 56 9/30 .52 .75 12/31 .48 .46 YES397 MAXIMUS Inc. MMS 75.48 2 3 2 1.00 95- 140 (25- 85%) 18.8 1.5 4.01 1.12 10 9/30 .93 .71 12/31 ▲ .28 .25 YES

2666 1366 MaxLinear, Inc. MXL 20.57 4 3 3 1.05 30- 45 (45-120%) 22.6 NIL .91 NIL 56 9/30 .23 d.20 9/30 NIL NIL YES1927 McCormick & Co. MKC 166.62 3 1 3 .70 145- 180 (N- 10%) 30.6 1.4 5.44 2.37 30 8/31 1.46 1.28 12/31 .57 .52 YES

447 1768 McDermott Int’l MDR SEE FINAL SUPPLEMENT236 365 McDonald’s Corp. MCD 191.89 3 1 2 .75 200- 240 (5- 25%) 23.6 2.6 8.13 5.00 43 9/30 2.11 2.10 12/31 ▲ 1.25 1.16 YES

220 McKesson Corp. MCK 153.27 3 2 3 1.15 315- 430 (105-180%) 10.4 1.1 14.69 1.64 21 9/30 3.60 3.59 3/31 .41 .39 YES★★ 1631 Medicines Company (NDQ) MDCO 83.80 – 4 – 1.15 40- 65 (N- N%) NMF NIL d3.05 NIL 61 9/30 d.92 d.70 9/30 NIL NIL YES

2660 Medidata Solutions MDSO SEE FINAL SUPPLEMENT452 1928 Medifast, Inc. MED 86.93 3 3 5 .90 150- 230 (75-165%) 11.4 3.5 7.65 3.00 30 9/30 1.32 1.14 12/31 .75 .75 YES

806 MEDNAX, Inc. MD 27.15 4 3 4 .95 70- 105 (160-285%) 8.0 NIL 3.41 NIL 18 9/30 .91 .94 9/30 NIL NIL YES807 Medpace Holdings (NDQ) MEDP 76.26 2 3 3 1.25 75- 115 (N- 50%) 25.8 NIL 2.96 NIL 18 9/30 .63 .52 9/30 NIL NIL YES185 Medtronic plc MDT 111.78 1 1 3 .85 130- 155 (15- 40%) 19.8 1.9 5.64 2.16 8 10/31 1.31 1.21 12/31 .54 .50 YES

2362 Melco Resorts & Entert.(NDQ) MLCO 22.14 3 3 3 1.50 30- 45 (35-105%) 20.1 3.0 1.10 .66 63 9/30 .17 .02 12/31 .165 .145 YES1367 Mellanox Technologies (NDQ) MLNX 114.59 – 3 – .95 110- 165 (N- 45%) 31.4 NIL 3.65 NIL 56 9/30 .78 .68 9/30 NIL NIL YES1830 Mercadolibre Inc. (NDQ) MELI 585.00 3 3 3 1.30 450- 670 (N- 15%) NMF NIL d2.00 NIL 54 9/30 d2.96 d.23 9/30 NIL NIL YES

2665 1632 Merck & Co. MRK 85.70 2 1 2 .90 90- 110 (5- 30%) 16.9 2.8 5.08 2.44 61 9/30 1.51 1.19 3/31 ▲ .61 .55 YES767 Mercury General MCY 48.50 3 3 2 .90 65- 95 (35- 95%) 15.2 5.2 ▼3.19 2.52 4 9/30 .78 1.11 12/31 ▲ .63 .628 YES

1406 Mercury Systems (NDQ) MRCY 71.14 2 3 2 1.00 65- 100 (N- 40%) 34.7 NIL 2.05 NIL 67 9/30 .44 .39 9/30 NIL NIL YES1038 2375 Meredith Corp. MDP 36.36 5 3 4 1.10 85- 125 (135-245%) 12.1 6.3 3.00 2.30 82 9/30 .03 .25 12/31 .575 .545 YES

221 Meridian Bioscience (NDQ) VIVO 9.04 5 4 4 .75 13- 20 (45-120%) NMF NIL d.33 NIL 21 9/30 .13 .20 9/30 NIL .125 YES994 Meritor, Inc. MTOR 25.58 4 4 4 1.55 30- 50 (15- 95%) 7.9 NIL 3.23 NIL 87 9/30 .83 .82 9/30 NIL NIL YES

1130 Meritage Homes MTH 67.10 ▲1 3 1 1.20 75- 110 (10- 65%) 10.9 NIL 6.13 NIL 7 9/30 1.79 1.33 9/30 NIL NIL YES580 Methanex Corp. (NDQ) MEOH 39.05 5 3 4 1.70 65- 100 (65-155%) 19.7 3.8 1.98 1.48 66 9/30 .27 1.92 12/31 ◆.36 .33 YES

1337 Methode Electronics MEI 37.17 3 3 3 1.50 45- 70 (20- 90%) 10.5 1.2 3.55 .44 59 7/31 .75 .63 12/31 .11 .11 YES

LY-ME

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 14 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 15: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1563 MetLife Inc. MET 49.95 3 3 3 1.30 55- 80 (10- 60%) 8.5 3.6 5.89 1.78 37 9/30 1.27 1.38 12/31 .44 .42 YES1954 Metro Inc. (TSE) MRU.TO 57.58b 1 2 2 .55 50- 70 (N- 20%) 18.8 1.4 3.07 .80 9 9/30 .68(b) .63(b) 12/31 .20(b) .18(b) YES126 Mettler-Toledo Int’l MTD 716.97 2 2 3 1.10 560- 760 (N- 5%) 31.7 NIL 22.62 NIL 47 9/30 5.20 4.93 9/30 NIL NIL YES426 Mexico Fund MXF 13.34 – 4 – 1.05 16- 25 (20- 85%) NMF 1.1 NMF .15 – 10/31 15.36(q) 15.53(q) 12/31 .07 .074

1038 2177 Michaels Cos. (The) (NDQ) MIK 8.38 5 4 3 1.25 35- 50 (320-495%) 3.5 NIL 2.40 NIL 90 7/31 .19 .15 9/30 NIL NIL YES1368 Microchip Technology (NDQ) MCHP 93.62 3 3 2 1.25 125- 185 (35-100%) 15.5 1.6 6.04 1.50 56 9/30 1.43 1.81 12/31 ▲ .367 .365 YES

1851 1369 Micron Technology (NDQ) MU 47.52 3 3 2 1.70 65- 100 (35-110%) 21.5 NIL 2.21 NIL 56 8/31 .56 3.53 9/30 NIL NIL YES2460 2597 Microsoft Corp. (NDQ) MSFT 151.23 1 1 4 1.10 170- 205 (10- 35%) 28.1 1.3 5.38 2.04 11 9/30 1.38 1.14 12/31 ▲ .51 .46 YES

1537 Mid-America Apartment MAA 134.16 1 2 2 .70 100- 150 (N- 10%) 57.3 2.9 2.34 3.84 22 9/30 .68 .46 12/31 .96 .923 YES1722 Middleby Corp. (The) (NDQ) MIDD 115.77 3 3 3 1.10 165- 250 (45-115%) 16.4 NIL 7.07 NIL 40 9/30 1.72 1.56 9/30 NIL NIL YES1795 Middlesex Water (NDQ) MSEX 62.05 3 2 2 .75 45- 60 (N- N%) 30.0 1.7 2.07 1.03 1 9/30 .66 .74 12/31 ▲ .256 .24 YES

639 1723 Milacron Holdings MCRN SEE FINAL SUPPLEMENT1155 Miller (Herman) (NDQ) MLHR 48.34 1 3 3 1.20 50- 75 (5- 55%) 14.6 1.7 3.30 .84 27 8/31 .84 .69 3/31 .21 .198 YES581 Minerals Techn. MTX 54.95 4 3 3 1.50 80- 125 (45-125%) 13.1 0.4 4.18 .20 66 9/30 1.06 1.18 12/31 .05 .05 YES398 Mobile Mini (NDQ) MINI 38.17 3 3 4 1.25 60- 90 (55-135%) 17.5 2.9 2.18 1.10 10 9/30 .54 .42 12/31 .275 .25 YES

1239 839 Moderna, Inc. (NDQ) MRNA 20.00 – 4 – NMF 14- 25 (N- 25%) NMF NIL d1.67 NIL 77 9/30 d.37 NA 9/30 NIL NIL YES452 995 Modine Mfg. MOD 7.52 5 4 3 1.45 20- 35 (165-365%) 5.1 NIL 1.47 NIL 87 9/30 .13 .35 9/30 NIL NIL YES

1156 Mohawk Inds. MHK 141.43 4 3 4 1.15 230- 345 (65-145%) 13.5 NIL 10.45 NIL 27 9/30 2.75 3.29 9/30 NIL NIL YES808 Molina Healthcare MOH 135.90 4 3 5 1.20 190- 285 (40-110%) 11.6 NIL 11.75 NIL 18 9/30 2.75 2.90 9/30 NIL NIL YES

1977 Molson Coors Brewing TAP 52.42 4 3 3 .95 80- 115 (55-120%) 12.1 4.3 4.35 2.28 48 9/30 d1.86 1.56 12/31 ◆.57 .41 YES2363 Monarch Casino (NDQ) MCRI 46.09 3 3 3 1.10 55- 80 (20- 75%) 21.9 NIL 2.10 NIL 63 9/30 .50 .58 9/30 NIL NIL YES1929 Mondelez Int’l (NDQ) MDLZ 52.04 2 2 2 .95 60- 80 (15- 55%) 20.6 2.2 2.53 1.16 30 9/30 .64 .62 12/31 ▲ .285 .26 YES1370 Monolithic Power Sys. (NDQ) MPWR 164.11 3 3 3 1.20 170- 255 (5- 55%) 58.2 1.0 2.82 1.60 56 9/30 .64 .71 12/31 .40 .30 YES2128 Monro, Inc. (NDQ) MNRO 73.14 ▼4 3 3 .80 70- 105 (N- 45%) 28.2 1.2 2.59 .88 12 9/30 .60 .65 9/30 .22 .20 YES1978 Monster Beverage (NDQ) MNST 58.66 2 3 3 .80 80- 115 (35- 95%) 26.7 NIL 2.20 NIL 48 9/30 .55 .48 9/30 NIL NIL YES441 Moody’s Corp. MCO 225.74 2 3 3 1.10 225- 335 (N- 50%) 26.8 0.9 8.41 2.00 6 9/30 2.15 1.69 12/31 .50 .44 YES717 Moog Inc. ‘A’ MOGA 87.05 3 3 3 1.25 80- 120 (N- 40%) 16.9 1.1 5.14 1.00 45 9/30 1.31 1.13 12/31 .25 .25 YES

1814 Morgan Stanley MS 49.96 3 3 5 1.40 85- 130 (70-160%) 9.3 2.8 5.38 1.40 57 9/30 1.27 1.17 12/31 .35 .30 YES1607 Mosaic Company MOS 18.64 4 3 3 1.50 35- 55 (90-195%) 18.3 1.2 1.02 .23 79 9/30 d.11 .64 12/31 .05 .025 YES996 Motorcar Parts Of Amer.(NDQ) MPAA 19.63 3 3 4 1.35 30- 45 (55-130%) 10.0 NIL 1.96 NIL 87 9/30 .68 .60 9/30 NIL NIL YES957 Motorola Solutions MSI 165.72 1 2 2 .90 170- 230 (5- 40%) 20.4 1.5 8.14 2.56 39 9/30 2.04 1.94 3/31 ▲ .64 .57 YES

★★ 2178 Movado Group MOV 25.20 5 3 4 1.25 50- 75 (100-200%) 10.1 3.2 2.50 .80 90 10/31 ◆.82 1.18 12/31 ◆.20 .20 YES732 Mueller Inds. MLI 31.80 4 3 3 1.35 45- 65 (40-105%) 15.7 1.3 2.02 .40 76 9/30 .52 .35 12/31 .10 .10 YES

1724 Mueller Water Prod. MWA 11.11 3 3 2 1.20 18- 30 (60-170%) 16.1 1.9 .69 .21 40 9/30 .19 .16 12/31 ▲ .053 .05 YES513 Murphy Oil Corp. MUR 24.08 3 4 4 1.75 55- 95 (130-295%) 2.9 4.2 8.41 1.00 42 9/30 6.79 .55 12/31 .25 .25 YES

2179 Murphy USA Inc. MUSA 118.32 3 3 4 .80 95- 145 (N- 25%) 27.3 NIL 4.33 NIL 90 9/30 2.18 1.38 9/30 NIL NIL YES1769 Myers Inds. MYE 16.64 4 3 3 1.20 25- 35 (50-110%) 21.3 3.2 .78 .54 52 9/30 .15 .15 3/31 .135 .135 YES1633 Mylan N.V. (NDQ) MYL 18.06 – 3 – 1.35 25- 35 (40- 95%) 24.7 NIL .73 NIL 61 9/30 .37 .34 9/30 NIL NIL YES

237 840 Myriad Genetics (NDQ) MYGN 26.76 4 3 4 .85 ▼ 30- 50 (10- 85%) 24.3 NIL ▼1.10 NIL 77 9/30 .08 .43 9/30 NIL NIL YES1338 NCR Corp. NCR 33.35 3 3 3 1.60 45- 70 (35-110%) 11.8 NIL 2.82 NIL 59 9/30 .73 .58 9/30 NIL NIL YES768 NMI Holdings (NDQ) NMIH 33.36 2 3 3 1.10 35- 55 (5- 65%) 11.9 NIL ▲ 2.81 NIL 4 9/30 .69 .36 9/30 NIL NIL YES

2461 733 NN Inc. (NDQ) NNBR 8.60 3 5 4 1.75 6- 11 (N- 30%) NMF NIL ▼d.60 NIL 76 9/30 d.13 d.48 12/31 ▼NIL .07 YES1216 NRG Energy NRG 39.19 3 3 2 1.25 40- 60 (N- 55%) 12.9 0.3 3.03 .12 41 9/30 1.45 d.24 12/31 .03 .03 YES1131 NVR, Inc. NVR 3720.88 1 2 1 .80 3060-4140 (N- 10%) 16.4 NIL 227.38 NIL 7 9/30 56.11 48.28 9/30 NIL NIL1372 NXP Semiconductors NV(NDQ) NXPI 117.08 3 3 2 1.20 175- 260 (50-120%) 14.2 1.3 8.27 1.50 56 9/30 2.02 2.01 3/31 .375 .25 YES2425 Nabors Inds. NBR 2.10 5 5 3 2.25 3- 6 (45-185%) NMF 1.9 d1.18 .04 95 9/30 d.37 d.31 12/31 .01 .06 YES1807 Nasdaq, Inc. (NDQ) NDAQ 104.64 3 2 3 .85 95- 130 (N- 25%) 19.9 1.8 5.26 1.88 19 9/30 1.27 1.15 12/31 .47 .44 YES2521 Nat’l Bank of Canada (TSE) NA.TO 70.92b 2 2 4 .85 80- 110 (15- 55%) 11.0 4.1 6.42 2.90 46 7/31 1.66(b) 1.52(b) 12/31 .68(b) .62(b) YES1979 National Beverage (NDQ) FIZZ 46.09 5 3 4 .85 60- 90 (30- 95%) 18.7 NIL 2.46 NIL 48 7/31 .74 1.04 9/30 NIL NIL YES

241 2393 National CineMedia (NDQ) NCMI 6.50 3 4 1 .90 13- 20 (100-210%) 15.5 10.5 .42 .68-.34 44 9/30 .12 .14 12/31 .17 .17 YES539 National Fuel Gas NFG 45.74 1 3 4 .95 100- 150 (120-230%) 13.9 3.8 3.29 1.74 93 9/30 .54 .44 12/31 .435 .425 YES127 National Instruments (NDQ) NATI 42.43 3 3 4 1.05 40- 60 (N- 40%) 34.2 2.5 1.24 1.06 47 9/30 .39 .32 12/31 .25 .23 YES

2426 National Oilwell Varco NOV 22.60 4 3 4 1.35 40- 60 (75-165%) 38.3 0.9 .59 .20 95 9/30 d.64 NIL 12/31 .05 .05 YES1770 National Presto Ind. NPK 91.37 4 3 5 .95 95- 145 (5- 60%) 13.4 6.6 6.80 6.00 52 6/30 ◆1.16 1.54 9/30 NIL NIL2180 National Vision Holdings(NDQ) EYE 29.83 4 3 5 1.20 30- 50 (N- 70%) 58.5 NIL .51 NIL 90 9/30 .01 .06 9/30 NIL NIL YES1592 Natural Resource NRP 21.11 3 4 3 1.40 35- 55 (65-160%) 4.0 8.5 5.25 1.80 81 9/30 1.66 1.30 12/31 .45 .45 YES222 Natus Medical (NDQ) NTUS 32.22 3 3 3 .90 40- 60 (25- 85%) 31.6 NIL 1.02 NIL 21 9/30 .25 d.17 9/30 NIL NIL YES

2572 Navient Corp. (NDQ) NAVI 14.31 3 3 3 1.45 17- 25 (20- 75%) 7.1 4.5 2.01 .64 13 9/30 .63 .43 12/31 .16 .16 YES2227 Navigant Consulting NCI SEE FINAL SUPPLEMENT161 Navistar Int’l NAV 32.86 4 5 3 2.05 40- 80 (20-145%) 10.1 NIL 3.26 NIL 55 7/31 1.47 1.71 9/30 NIL NIL YES

1164 Neenah, Inc. NP 72.05 4 3 4 1.05 80- 120 (10- 65%) 20.5 2.6 3.52 1.88 89 9/30 .84 .75 12/31 .45 .41 YES1634 Nektar Therapeutics (NDQ) NKTR 21.18 5 5 4 1.30 30- 50 (40-135%) NMF NIL d.82 NIL 61 9/30 d.56 d.56 9/30 NIL NIL YES

1661 223 Neogen Corp. (NDQ) NEOG 67.75 3 3 3 1.05 65- 95 (N- 40%) 56.5 NIL 1.20 NIL 21 8/31 .28 .29 12/31 NIL NIL YES1930 Nestle SA ADS (PNK) NSRGY 104.50 3 1 2 .65 105- 145 (N- 40%) 26.0 2.5 4.02 2.60 30 6/30 1.68(p) 1.92(p) 9/30 NIL NIL1407 NetApp, Inc. (NDQ) NTAP 62.65 4 3 5 1.30 70- 105 (10- 70%) 17.0 3.1 3.68 1.92 67 10/31 1.03 .91 3/31 .48 .40 YES

2230 2337 Netflix, Inc. (NDQ) NFLX 315.55 3 3 5 1.25 320- 480 (N- 50%) 74.6 NIL 4.23 NIL 86 9/30 1.47 .89 9/30 NIL NIL YES958 NETGEAR (NDQ) NTGR 25.16 – 3 – NMF 45- 70 (80-180%) 15.1 NIL 1.67 NIL 39 9/30 .65 .73 9/30 NIL NIL YES186 Nevro Corp. NVRO 112.25 3 4 3 1.10 80- 135 (N- 20%) NMF NIL d3.24 NIL 8 9/30 d.58 d.37 9/30 NIL NIL YES427 New Germany Fund GF 14.75 – 3 – .90 16- 25 (10- 70%) NMF 1.4 NMF .20 – 6/30 16.19(q) 20.51(q) 9/30 NIL NIL549 New Jersey Resources NJR 42.85 3 1 3 .70 35- 45 (N- 5%) 19.8 2.9 2.16 1.25 38 9/30 .29 d.33 3/31 .313 .293 YES

639 2382 New Media Investment NEWM SEE FINAL SUPPLEMENT2003 New Orient. Ed. ADS EDU 122.72 2 3 2 1.10 120- 175 (N- 45%) 35.7 NIL 3.44 NIL 33 8/31 1.44 1.16 9/30 NIL NIL YES

1422 1831 New Relic, Inc. NEWR 67.12 5 3 5 1.00 85- 130 (25- 95%) NMF NIL d.54 NIL 54 9/30 d.32 d.15 9/30 NIL NIL YES1505 New York Community NYCB 11.96 3 3 3 .95 15- 20 (25- 65%) 14.8 5.7 .81 .68 14 9/30 .19 .20 12/31 .17 .17 YES2383 New York Times NYT 31.74 4 3 3 1.00 30- 45 (N- 40%) 32.7 0.6 .97 .20 – 9/30 .10 .15 12/31 .05 .04 YES1191 Newell Brands (NDQ) NWL 19.28 3 3 3 1.15 50- 75 (160-290%) 11.3 4.8 1.70 .92 29 9/30 d1.48 .54 12/31 .23 .23 YES582 NewMarket Corp. NEU 489.10 3 2 3 .90 410- 550 (N- 10%) 22.1 1.6 22.15 7.60 66 9/30 6.06 5.12 3/31 1.90 1.75 YES

1576 Newmont Goldcorp NEM 37.76 2 3 2 .70 30- 45 (N- 20%) 21.6 1.5 1.75 .56 2 9/30 .36 .33 12/31 .14 .14 YES2384 News Corp. ‘A’ (NDQ) NWSA 12.86 3 3 2 1.25 25- 35 (95-170%) 25.7 1.6 .50 .20 – 9/30 d.39 .17 12/31 .10 .10 YES2338 Nexstar Media Group (NDQ) NXST 108.99 3 3 3 1.35 175- 260 (60-140%) 12.3 1.7 8.88 1.80 86 9/30 d.13 2.12 12/31 .45 .375 YES143 NextEra Energy NEE 232.56 ▼3 1 2 .55 185- 225 (N- N%) 29.3 2.4 7.93 5.49 17 9/30 1.81 2.10 12/31 1.25 1.11 YES823 NextGen Healthcare (NDQ) NXGN 17.84 3 3 4 .75 25- 35 (40- 95%) 19.4 NIL .92 NIL 78 9/30 .24 .24 9/30 NIL NIL YES

ME-NE

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December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 15

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

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Page 16: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

237 442 Nielsen Hldgs. plc NLSN 20.12 4 3 3 1.00 30- 45 (50-125%) NMF 1.2 d.61 .24 6 9/30 d1.33 .27 12/31 ▼.06 .35 YES2460 2159 NIKE, Inc. ‘B’ NKE 92.90 2 1 2 1.00 95- 115 (N- 25%) 31.0 1.1 3.00 .98 36 8/31 .86 .67 3/31 ▲ .245 .22 YES

550 NiSource Inc. NI 26.55 3 2 1 .55 25- 35 (N- 30%) 20.0 3.0 1.33 .80 38 9/30 NIL .10 12/31 .20 .195 YES108 Nissan Motor ADR(g) (PNK) NSANY 12.35 4 3 3 1.00 19- 30 (55-145%) 8.1 8.9 1.52 1.10 65 9/30 .28 .60 9/30 .529 .48

2427 Noble Corp. plc NE 1.19 – 5 – 2.20 6- 9 (405-655%) NMF NIL d1.62 NIL 95 9/30 d.46 d.43 9/30 NIL NIL YES2410 Noble Energy NBL 21.14 4 3 4 1.70 25- 45 (20-115%) 1.0 2.3 21.40 .48 94 9/30 .04 .47 12/31 .12 .11 YES

2461 959 Nokia Corp. ADR NOK 3.47 3 4 1 .90 8- 12 (130-245%) 14.5 NIL .24 NIL 39 9/30 .05 .06 12/31 ▼NIL NIL YES1725 Nordson Corp. (NDQ) NDSN 165.21 3 3 3 1.25 135- 205 (N- 25%) 26.8 0.9 6.17 1.55 40 7/31 1.62 1.60 9/30 ▲ .38 .35 YES

★★ 2146 Nordstrom, Inc. JWN 38.36 4 3 4 1.05 55- 80 (45-110%) 11.6 3.9 3.32 1.48 35 10/31 ◆.81 .67 12/31 ◆.37 .37 YES346 Norfolk Southern NSC 196.95 3 2 3 1.20 230- 310 (15- 55%) 19.0 1.9 10.39 3.76 23 9/30 2.49 2.52 12/31 .94 .80 YES784 Northern Trust Corp. (NDQ) NTRS 107.46 3 3 4 1.25 115- 170 (5- 60%) 15.6 2.6 6.89 2.80 53 9/30 1.69 1.58 3/31 .70 .55 YES

1217 Northland Power (TSE) NPI.TO 27.90b 2 3 3 .60 35- 55 (25- 95%) 15.4 4.3 1.81 1.20 41 9/30 .42(b) .36(b) 12/31 .30(b) .30(b) YES718 Northrop Grumman NOC 349.75 3 1 2 .85 390- 475 (10- 35%) 17.8 1.5 19.63 5.28 45 9/30 5.49 7.11 12/31 ◆1.32 1.20 YES

1506 Northwest Bancshares (NDQ) NWBI 16.76 2 2 3 .85 19- 25 (15- 50%) 15.0 4.5 1.12 .75 14 9/30 .31 .27 12/31 .18 .17 YES551 Northwest Natural NWN 67.94 3 1 2 .60 70- 85 (5- 25%) 32.7 2.8 2.08 1.91 38 9/30 d.61 d.39 12/31 ▲ .478 .475 YES

2221 NorthWestern Corp. NWE 71.60 3 2 1 .60 60- 80 (N- 10%) 20.3 3.3 3.52 2.38 28 9/30 .42 .56 12/31 .575 .55 YES2608 NortonLifeLock Inc. (NDQ) NLOK 24.91 – 3 – 1.05 25- 40 (N- 60%) 14.5 2.0 1.72 .50 11 9/30 .18 .42 12/31 ▲ .125 .075 YES2314 Norwegian Cruise Line NCLH 53.97 3 3 4 1.20 105- 160 (95-195%) 9.7 NIL 5.55 NIL 60 9/30 2.09 2.10 9/30 NIL NIL YES

★★ 1635 Novartis AG ADR NVS 91.30 3 1 3 .85 110- 135 (20- 50%) 24.7 3.1 3.69 2.87 61 9/30 .90 .70 9/30 NIL NIL YES1636 Novo Nordisk ADR(g) NVO 56.25 2 2 3 .90 65- 85 (15- 50%) 21.2 2.3 2.65 1.30 61 9/30 .63 .57 9/30 .445 .462 YES224 NovoCure Limited (NDQ) NVCR 92.74 2 4 3 1.25 80- 135 (N- 45%) NMF NIL .13 NIL 21 9/30 .02 d.13 9/30 NIL NIL YES

1012 Nu Skin Enterprises NUS 38.53 4 3 3 1.20 70- 105 (80-175%) 11.3 3.9 3.40 1.50 25 9/30 .79 .94 12/31 .37 .365 YES2598 Nuance Communic. (NDQ) NUAN 18.04 – 3 – 1.10 16- 25 (N- 40%) NMF NIL .11 NIL 11 9/30 ◆d.01 d.12 9/30 NIL NIL YES744 Nucor Corp. NUE 55.92 4 3 4 1.35 120- 180 (115-220%) 10.1 2.9 5.51 1.60 91 9/30 .90 2.12 12/31 .40 .40 YES630 NuStar Energy L.P. NS 28.13 3 3 2 1.45 30- 40 (5- 40%) 33.9 8.5 .83 2.40 16 9/30 .15 .13 12/31 .60 .60 YES

★★ 1832 Nutanix, Inc. (NDQ) NTNX 28.75 – 4 – 1.95 55- 95 (90-230%) NMF NIL d2.50 NIL 54 10/31◆d1.21 d.54 9/30 NIL NIL YES1608 Nutrien Ltd. NTR 47.42 – 3 – NMF 70- 105 (50-120%) 14.7 3.8 3.22 1.80 79 9/30 .24 .37 12/31 ▲ .45 .40 YES187 NuVasive, Inc. (NDQ) NUVA 72.65 3 3 3 .80 85- 125 (15- 70%) 64.3 NIL 1.13 NIL 8 9/30 .21 .30 9/30 NIL NIL YES

1204 Nuveen Muni Value Fund NUV 10.47 – 1 – .40 9- 11 (N- 5%) NMF 3.8 NMF .40 – 4/30 10.29(q) 10.01(q) 9/30 .093 .0931312 nVent Electric plc NVT 24.93 – 3 – NMF 25- 35 (N- 40%) 15.8 2.8 1.58 .71 64 9/30 .35 .38 12/31 .175 .175 YES1371 NVIDIA Corp. (NDQ) NVDA 221.21 4 3 3 1.35 165- 250 (N- 15%) 37.7 0.3 5.86 .64 56 10/31 1.45 1.97 12/31 .16 .16 YES913 OGE Energy OGE 42.00 2 2 1 .75 40- 55 (N- 30%) 19.0 3.8 2.21 1.58 26 9/30 1.25 1.02 12/31 ▲ .388 .365 YES128 OSI Systems (NDQ) OSIS 100.26 2 3 2 .90 105- 160 (5- 60%) 23.0 NIL 4.35 NIL 47 9/30 1.10 .50 9/30 NIL NIL YES

2411 Oasis Petroleum OAS 2.53 5 5 2 2.35 10- 18 (295-610%) NMF NIL d.02 NIL 94 9/30 d.05 .08 9/30 NIL NIL YES514 Occidental Petroleum OXY 39.93 4 3 4 1.25 65- 100 (65-150%) 61.4 7.9 .65 3.17 42 9/30 .11 1.77 3/31 .79 .78 YES

2428 Oceaneering Int’l OII 13.99 5 3 3 1.70 25- 40 (80-185%) NMF NIL d.54 NIL 95 9/30 d.26 d.14 9/30 NIL NIL YES1418 Office Depot (NDQ) ODP 2.25 5 5 3 1.30 4- 7 (80-210%) 6.8 4.4 .33 .10 92 9/30 .15 .13 12/31 .025 .025 YES2429 Oil States Int’l OIS 16.42 5 3 5 1.70 30- 45 (85-175%) NMF NIL d.07 NIL 95 9/30 d.08 .01 9/30 NIL NIL YES2599 Okta, Inc. (NDQ) OKTA 128.62 2 3 3 1.00 95- 140 (N- 10%) NMF NIL d.39 NIL 11 7/31 d.05 d.15 9/30 NIL NIL YES325 Old Dominion Freight (NDQ) ODFL 191.81 3 2 3 1.15 150- 200 (N- 5%) 24.6 0.4 7.80 .71 69 9/30 2.05 2.12 12/31 .17 .13 YES785 Old Nat’l Bancorp (NDQ) ONB 18.23 3 3 3 1.05 18- 30 (N- 65%) 12.7 2.9 1.44 .52 53 9/30 .41 .34 12/31 .13 .13 YES769 Old Republic ORI 22.40 3 3 2 .90 40- 60 (80-170%) 11.5 3.6 1.94 .80 4 9/30 .51 .56 12/31 ◆.20 .195 YES

1609 Olin Corp. OLN 17.41 4 3 3 1.50 30- 45 (70-160%) 13.0 4.6 1.34 .80 79 9/30 .27 .65 12/31 .20 .20 YES2147 Ollie’s Bargain Outlet (NDQ) OLLI 64.95 5 3 4 1.25 95- 140 (45-115%) 30.8 NIL 2.11 NIL 35 7/31 .38 .40 9/30 NIL NIL YES225 Omnicell, Inc. (NDQ) OMCL 81.09 3 3 3 1.00 100- 150 (25- 85%) 28.8 NIL 2.82 NIL 21 9/30 .76 .63 9/30 NIL NIL YES

2394 Omnicom Group OMC 78.91 3 2 3 .95 115- 155 (45- 95%) 12.8 3.5 6.15 2.75 44 9/30 1.32 1.32 12/31 .65 .60 YES1373 ON Semiconductor (NDQ) ON 21.72 4 3 4 1.55 30- 40 (40- 85%) 15.0 NIL 1.45 NIL 56 9/30 .33 .57 9/30 NIL NIL YES552 ONE Gas, Inc. OGS 88.52 2 2 1 .65 100- 135 (15- 55%) 25.0 2.4 3.54 2.16 38 9/30 .33 .31 12/31 .50 .46 YES

2651 1-800-FLOWERS.COM (NDQ) FLWS 13.61 3 4 3 1.25 15- 25 (10- 85%) 22.7 NIL .60 NIL 70 9/30 d.24 d.27 9/30 NIL NIL YES614 ONEOK Inc. OKE 71.99 3 3 3 1.50 85- 125 (20- 75%) 21.2 5.3 3.39 3.80 62 9/30 .74 .75 12/31 ▲ .915 .855 YES928 Ooma, Inc. OOMA 13.13 4 4 4 1.05 12- 18 (N- 35%) NMF NIL d.70 NIL 72 10/31 ◆d.32 d.18 9/30 NIL NIL YES

1833 Open Text Corp. (NDQ) OTEX 43.80 2 3 3 .95 45- 65 (5- 50%) 35.0 1.6 1.25 .70 54 9/30 .27 .13 9/30 .175 .152 YES1637 Opko Health (NDQ) OPK 1.63 5 5 3 1.60 6- 9 (270-450%) NMF NIL d.36 NIL 61 9/30 d.11 d.05 9/30 NIL NIL YES2600 Oracle Corp. ORCL 56.56 3 1 3 1.05 70- 90 (25- 60%) 14.3 1.7 3.95 .96 11 8/31 .81 .71 12/31 .24 .19 YES2129 O’Reilly Automotive (NDQ) ORLY 438.00 2 3 3 .90 390- 585 (N- 35%) 23.1 NIL 18.99 NIL 12 9/30 5.08 4.50 9/30 NIL NIL YES1218 Ormat Technologies ORA 77.01 1 3 2 .80 65- 100 (N- 30%) 36.2 0.6 2.13 .50 41 9/30 .30 .21 12/31 .11 .10 YES162 Oshkosh Corp. OSK 92.03 3 3 3 1.30 105- 155 (15- 70%) 11.8 1.3 7.82 1.20 55 9/30 2.17 1.80 12/31 ▲ .30 .27 YES914 Otter Tail Corp. (NDQ) OTTR 50.00 3 2 2 .70 40- 55 (N- 10%) 22.7 2.9 2.20 1.45 26 9/30 .62 .58 12/31 .35 .335 YES

2395 OUTFRONT Media OUT 24.95 ▼3 3 1 1.05 35- 55 (40-120%) 19.8 6.1 1.26 1.53 44 9/30 .27 .33 12/31 .36 .36 YES1116 Owens Corning OC 66.63 3 3 3 1.15 70- 110 (5- 65%) 13.1 1.3 5.09 .88 31 9/30 1.36 1.45 12/31 .22 .22 YES

2673 1177 Owens-Illinois OI 9.55 ▼5 3 3 1.50 35- 50 (265-425%) 3.6 2.1 2.65 .20 58 9/30 .54 .75 12/31 .05 NIL YES2111 Oxford Inds. OXM 72.62 4 3 3 1.20 85- 130 (15- 80%) 16.7 2.2 4.36 1.57 85 7/31 1.84 1.83 12/31 .37 .34 YES515 PBF Energy PBF 31.68 4 3 3 1.50 70- 110 (120-245%) 12.0 3.8 2.63 1.20 42 9/30 .57 1.50 12/31 .30 .30 YES

2181 PC Connection (NDQ) CNXN 48.95 ▲2 3 3 .95 35- 55 (N- 10%) 18.1 NIL 2.71 NIL 90 9/30 .90 .51 9/30 NIL NIL YES540 PDC Energy (NDQ) PDCE 24.21 3 4 4 1.70 50- 80 (105-230%) 9.2 NIL 2.63 NIL 93 9/30 .25 d.05 9/30 NIL NIL YES

1638 PDL BioPharma (NDQ) PDLI 3.06 – 4 – 1.10 4- 6 (30- 95%) 12.8 NIL .24 NIL 61 9/30 d.16 .18 9/30 NIL NIL YES2522 PNC Financial Serv. PNC 153.40 3 2 3 1.10 160- 215 (5- 40%) 13.2 3.0 11.61 4.60 46 9/30 2.94 2.82 12/31 1.15 .95 YES2222 PNM Resources PNM 48.35 2 3 1 .60 35- 55 (N- 15%) 21.6 2.5 2.24 1.22 28 9/30 1.29 1.09 12/31 .29 .265 YES2444 PPG Inds. PPG 127.79 3 1 3 1.10 120- 150 (N- 15%) 24.1 1.6 5.30 2.04 80 9/30 1.54 1.55 12/31 .51 .48 YES144 PPL Corp. PPL 33.86 3 2 3 .70 35- 45 (5- 35%) 13.8 4.9 2.46 1.66 17 9/30 .65 .62 3/31 ◆.413 .41 YES583 PQ Group Holdings PQG 15.47 3 3 1 1.20 20- 30 (30- 95%) 16.3 NIL .95 NIL 66 9/30 .20 .11 9/30 NIL NIL YES809 PRA Health Sciences (NDQ) PRAH 106.95 ▲2 3 3 1.15 120- 180 (10- 70%) 19.8 NIL 5.41 NIL 18 9/30 1.32 1.13 9/30 NIL NIL YES

2601 PTC Inc. (NDQ) PTC 74.65 3 3 4 1.10 65- 95 (N- 25%) 71.8 NIL 1.04 NIL 11 9/30 .14 .11 9/30 NIL NIL YES2112 PVH Corp. PVH 100.58 4 3 4 1.30 155- 235 (55-135%) 10.1 0.1 9.99 .15 85 10/31 ◆3.10 3.21 12/31 .038 .038 YES163 PACCAR Inc. (NDQ) PCAR 81.52 2 2 3 1.20 95- 125 (15- 55%) 13.2 4.2 6.16 3.40 55 9/30 1.75 1.55 12/31 .32 .28 YES

1178 Packaging Corp. PKG 111.86 3 3 2 1.15 130- 195 (15- 75%) 15.6 2.8 7.19 3.16 58 9/30 1.89 2.18 12/31 .79 .79 YES★★ 2602 Palo Alto Networks PANW 250.28 4 3 4 1.10 290- 430 (15- 70%) NMF NIL d1.00 NIL 11 10/31 ◆d.62 d.41 9/30 NIL NIL YES

1577 Pan Amer. Silver (NDQ) PAAS 18.32 2 4 2 .85 18- 30 (N- 65%) 33.3 0.8 .55 .14 2 9/30 .35 d.03 12/31 .035 .035 YES1986 Panasonic Corp.(g) (PNK) PCRFY 8.91 3 3 5 1.20 20- 30 (125-235%) 9.6 3.8 .93 .34 32 9/30 .20 .21 9/30 NIL NIL366 Papa John’s Int’l (NDQ) PZZA 61.83 3 3 3 .80 55- 80 (N- 30%) 42.3 1.5 1.46 .90 43 9/30 .21 .20 12/31 .225 .225 YES516 Par Pacific Holdings PARR 25.38 1 3 3 .95 35- 55 (40-115%) 21.9 NIL 1.16 NIL 42 9/30 d.05 d.13 9/30 NIL NIL YES541 Paramount Resources (TSE) POU.TO 6.23 5 4 4 2.20 18- 30 (190-380%) 13.3 NIL .47 NIL 93 9/30 1.08 d.10 9/30 NIL NIL YES

NI-PA

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 16 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 17: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1538 Park Hotels & Resorts PK 22.90 – 3 – NMF 45- 65 (95-185%) 10.1 7.9 2.27 1.80 22 9/30 .02 .26 12/31 .45 .43 YES786 Park National (ASE) PRK 101.20 3 2 4 1.00 115- 155 (15- 55%) 14.5 4.0 7.00 4.04 53 9/30 1.89 1.56 12/31 1.01 .96 YES

1771 Park-Ohio (NDQ) PKOH 32.83 4 3 5 1.60 65- 105 (100-220%) 7.1 1.5 4.65 .50 52 9/30 .99 1.14 12/31 .125 .125 YES1772 Parker-Hannifin PH 202.08 3 2 3 1.35 215- 290 (5- 45%) 17.0 1.7 11.86 3.52 52 9/30 2.76 2.84 12/31 .88 .76 YES

2231 2412 Parsley Energy PE 15.71 4 3 3 1.70 30- 40 (90-155%) 11.0 0.8 1.43 .12 94 9/30 .43 .41 12/31 .03 NIL YES719 Parsons Corp. PSN 39.83 – 3 – NMF 40- 55 (N- 40%) 25.5 NIL 1.56 NIL 45 9/30 .57 NA 9/30 NIL NIL YES

447 2182 Party City Holdco PRTY SEE FINAL SUPPLEMENT238 1219 Pattern Energy Group (NDQ) PEGI 27.39 – 3 – 1.20 20- 30 (N- 10%) NMF 6.2 .13 1.69 41 9/30 d.53 d.13 3/31 .422 .422 YES

226 Patterson Cos. (NDQ) PDCO 19.70 4 3 4 1.05 45- 65 (130-230%) 16.8 5.6 1.17 1.10 21 7/31 .32 d.05 12/31 .26 .26 YES2430 Patterson-UTI Energy (NDQ) PTEN 9.16 5 4 3 1.85 14- 25 (55-175%) NMF 1.7 d1.41 .16 95 9/30 d.27 d.10 12/31 .04 .04 YES2630 Paychex, Inc. (NDQ) PAYX 84.86 1 1 2 1.00 90- 110 (5- 30%) 26.7 3.1 3.18 2.66 3 8/31 .73 .67 12/31 .62 .56 YES2603 Paycom Software PAYC 267.24 2 3 4 1.30 185- 280 (N- 5%) 71.1 NIL 3.76 NIL 11 9/30 .70 .52 9/30 NIL NIL YES1834 Paylocity Holding (NDQ) PCTY 117.34 2 4 4 1.20 85- 140 (N- 20%) 97.8 NIL 1.20 NIL 54 9/30 .25 .18 9/30 NIL NIL YES

2462 2573 PayPal Holdings (NDQ) PYPL 104.45 2 3 2 1.15 105- 155 (N- 50%) 47.0 NIL 2.22 NIL 13 9/30 .39 .36 9/30 NIL NIL YES2673 1593 Peabody Energy BTU 9.82 5 3 3 1.25 30- 40 (205-305%) 6.9 6.4 1.43 .63 81 9/30 d.77 .63 12/31 .145 .13 YES

615 Pembina Pipeline (TSE) PPL.TO 47.15b 3 3 3 1.05 60- 90 (25- 90%) 17.3 5.1 2.72 2.40 62 9/30 .66(b) .60(b) 12/31 .60(b) .57(b)2364 Penn Nat’l Gaming (NDQ) PENN 22.83 3 3 5 1.30 45- 65 (95-185%) 11.6 NIL 1.96 NIL 63 9/30 .38 .38 9/30 NIL NIL YES1539 Penn. R.E.I.T. PEI 5.76 5 4 4 1.10 12- 20 (110-245%) NMF 14.6 d.23 .84 22 9/30 .22 d.11 12/31 .21 .21 YES2130 Penske Auto PAG 51.60 3 3 3 1.20 55- 85 (5- 65%) 9.6 3.2 5.39 1.64 12 9/30 1.42 1.53 12/31 ▲ .41 .37 YES1773 Pentair plc PNR 44.02 – 3 – NMF 60- 85 (35- 95%) 17.8 1.6 2.48 .72 52 9/30 .54 .54 12/31 .18 .175 YES188 Penumbra Inc. PEN 171.83 3 3 3 1.20 150- 225 (N- 30%) NMF NIL 1.17 NIL 8 9/30 .25 .17 9/30 NIL NIL YES

1507 People’s United Fin’l (NDQ) PBCT 16.48 2 2 3 1.05 20- 30 (20- 80%) 12.1 4.3 1.36 .71 14 9/30 .34 .33 12/31 .178 .175 YES1980 PepsiCo, Inc. PEP 133.83 3 1 2 .75 140- 170 (5- 25%) 23.9 3.0 5.59 3.95 48 9/30 1.56 1.75 3/31 .955 1.855 YES1955 Performance Food PFGC 47.12 1 3 3 .90 45- 70 (N- 50%) 23.6 NIL 2.00 NIL 9 9/30 .50 .34 12/31 NIL NIL YES129 PerkinElmer Inc. PKI 92.10 3 3 4 1.15 90- 140 (N- 50%) 20.9 0.3 4.41 .28 47 9/30 1.06 .90 3/31 .07 .07 YES

1639 Perrigo Co. plc PRGO 50.05 4 3 3 1.25 80- 120 (60-140%) 12.0 1.8 4.17 .88 61 9/30 1.04 1.09 12/31 .21 .19 YES2461 969 PetMed Express (NDQ) PETS 23.89 4 3 3 .85 30- 45 (25- 90%) 20.6 4.5 1.16 1.08 75 9/30 .33 .52 12/31 .27 .27 YES

517 Petroleo Brasileiro ADR PBR 15.22 4 5 3 1.90 20- 35 (30-130%) 10.1 NIL 1.50 NIL 42 9/30 .36 .26 9/30 NIL NIL YES2666 1640 Pfizer, Inc. PFE 38.68 – 1 – .90 50- 60 (30- 55%) 17.7 3.7 2.18 1.44 61 9/30 1.36 .69 12/31 .36 .34 YES

1931 Phibro Animal Health (NDQ) PAHC 24.23 5 3 4 .75 40- 60 (65-150%) 28.5 2.0 .85 .48 30 9/30 .06 .40 12/31 .12 .12 YES1987 Philips Electronics NV(g) PHG 45.87 3 3 3 1.05 50- 75 (10- 65%) 39.9 2.2 1.15 1.00 32 9/30 .25 .37 9/30 NIL NIL YES

1662 1993 Philip Morris Int’l PM 82.37 3 2 3 .85 90- 125 (10- 50%) 15.3 5.7 5.38 4.68 74 9/30 1.43 1.44 12/31 ▲ 1.17 1.14 YES518 Phillips 66 PSX 115.42 3 2 2 1.25 130- 180 (15- 55%) 13.8 3.4 8.39 3.90 42 9/30 1.58 3.18 12/31 .90 .80 YES631 Phillips 66 Partners PSXP 56.56 1 3 2 .95 75- 110 (35- 95%) 12.5 6.1 4.53 3.46 16 9/30 1.15 1.10 12/31 ▲ .865 .792 YES

1394 Photronics Inc. (NDQ) PLAB 11.89 3 3 3 .80 15- 20 (25- 70%) 17.2 NIL .69 NIL 49 7/31 .10 .17 9/30 NIL NIL YES1932 Pilgrim’s Pride Corp. (NDQ) PPC 31.41 1 3 3 .85 35- 50 (10- 60%) 14.5 NIL 2.16 NIL 30 9/30 .44 .12 9/30 NIL NIL YES2223 Pinnacle West Capital PNW 86.60 3 1 1 .50 90- 110 (5- 25%) 17.6 3.6 4.91 3.13 28 9/30 2.77 2.80 12/31 ▲ .783 .737 YES2652 Pinterest, Inc. PINS 18.95 – 4 – NMF 19- 30 (N- 60%) NMF NIL d1.18 NIL 70 9/30 d.23 NA 9/30 NIL NIL YES2413 Pioneer Natural Res. PXD 131.08 4 3 3 1.45 255- 380 (95-190%) 17.6 1.3 7.46 1.76 94 9/30 1.99 2.07 3/31 .44 NIL YES1815 Piper Jaffray Cos. PJC 82.14 3 3 3 1.15 90- 135 (10- 65%) 12.4 3.3 6.62 2.70 57 9/30 1.64 1.86 12/31 .375 .375 YES1419 Pitney Bowes PBI 4.63 5 4 3 1.35 7- 12 (50-160%) 4.1 4.3 1.12 .20 92 9/30 .24 .27 12/31 .05 .188 YES632 Plains All Amer. Pipe. PAA 17.79 ▼3 3 3 1.45 45- 65 (155-265%) 9.6 8.7 1.86 1.55 16 9/30 .55 .87 12/31 .36 .30 YES633 Plains GP Holdings L.P. PAGP 18.18 2 4 3 1.50 30- 45 (65-150%) 11.0 7.9 1.65 1.44 16 9/30 .41 .87 12/31 .36 .30 YES

452 2315 Planet Fitness PLNT 73.22 3 3 3 1.00 95- 145 (30-100%) 43.1 NIL 1.70 NIL 60 9/30 .36 .28 9/30 NIL NIL YES238 1339 Plantronics Inc. PLT 25.50 4 3 3 1.15 80- 115 (215-350%) 4.4 2.4 5.78 .60 59 9/30 1.24 1.51 12/31 .15 .15 YES

1340 Plexus Corp. (NDQ) PLXS 77.13 3 3 3 1.05 70- 105 (N- 35%) 18.0 NIL 4.28 NIL 59 9/30 1.23 .96 9/30 NIL NIL YES2316 Polaris Inc. PII 100.09 4 3 4 1.35 145- 220 (45-120%) 15.5 2.4 6.44 2.44 60 9/30 1.68 1.86 12/31 .61 .60 YES

230 584 PolyOne Corp. POL 32.22 – 3 – 1.40 35- 55 (10- 70%) 18.7 2.5 1.72 .81 66 9/30 .44 .62 3/31 ▲ .203 .195 YES2317 Pool Corp. (NDQ) POOL 205.30 1 2 2 .90 140- 190 (N- N%) 31.0 1.1 6.63 2.20 60 9/30 1.95 1.66 12/31 .55 .45 YES2523 Popular Inc. (NDQ) BPOP 56.00 3 3 3 1.20 75- 115 (35-105%) 8.4 2.1 6.70 1.20 46 9/30 1.70 1.38 3/31 .30 .25 YES2224 Portland General POR 55.31 2 2 1 .55 45- 60 (N- 10%) 21.3 2.9 2.60 1.59 28 9/30 .61 .59 3/31 .385 .363 YES745 POSCO ADR(g) PKX 48.91 4 3 4 1.25 70- 105 (45-115%) 6.3 4.8 7.82 2.35 91 6/30 3.78(p) 4.84(p) 9/30 .411 .331 YES

1933 Post Holdings POST 105.40 3 3 3 1.00 130- 190 (25- 80%) 18.4 NIL 5.73 NIL 30 9/30 ◆1.39 1.08 9/30 NIL NIL YES1165 PotlatchDeltic Corp. (NDQ) PCH 43.23 3 3 3 1.15 45- 65 (5- 50%) 52.7 3.7 .82 1.60 89 9/30 .30 .93 9/30 .40 .40 YES1564 Power Financial (TSE) PWF.TO 32.35b 2 2 3 .80 45- 60 (40- 85%) 9.6 5.6 3.37 1.82 37 9/30 .88(b) .73(b) 3/31 .456(b) .433(b) YES1374 Power Integrations (NDQ) POWI 92.78 3 3 2 1.10 80- 120 (N- 30%) 40.3 0.8 2.30 .76 56 9/30 .57 .59 12/31 ▲ .19 .16 YES824 Premier, Inc. (NDQ) PINC 36.69 4 3 5 .90 45- 65 (25- 75%) 12.7 NIL 2.90 NIL 78 9/30 .68 .65 9/30 NIL NIL YES

1578 Pretium Resources PVG 9.58 3 5 2 .50 19- 35 (100-265%) 12.4 NIL .77 NIL 2 9/30 .03 .10 9/30 NIL NIL YES2574 Price (T. Rowe) Group (NDQ) TROW 122.58 2 1 3 1.15 140- 175 (15- 45%) 15.1 2.6 8.12 3.16 13 9/30 2.23 2.03 12/31 .76 .70 YES

1662 2148 PriceSmart (NDQ) PSMT 75.42 ▲2 3 3 .90 70- 100 (N- 35%) 32.1 0.9 2.35 .70 35 8/31 .67 .62 9/30 .35 .35 YES1565 Primerica, Inc. PRI 132.25 3 3 4 1.15 120- 180 (N- 35%) 15.5 1.2 8.54 1.54 37 9/30 2.28 1.94 12/31 .34 .25 YES1981 Primo Water Corp. (NDQ) PRMW 10.09 4 3 3 .80 14- 20 (40-100%) 24.6 NIL .41 NIL 48 9/30 .10 .18 9/30 NIL NIL YES1232 Primoris Services (NDQ) PRIM 21.39 3 3 3 1.35 35- 55 (65-155%) 10.9 1.1 1.96 .24 84 9/30 .70 .63 3/31 .06 .06 YES2575 Principal Fin’l Group (NDQ) PFG 54.85 3 3 3 1.35 60- 90 (10- 65%) 9.1 4.0 6.03 2.20 13 9/30 1.23 1.67 12/31 .55 .54 YES

2462 1192 Procter & Gamble PG 120.51 1 1 2 .70 105- 130 (N- 10%) 24.6 2.5 4.90 2.98 29 9/30 1.37 1.12 12/31 .746 .717 YES1423 770 Progressive Corp. PGR 71.50 2 2 2 .85 95- 130 (35- 80%) 13.3 0.6 5.39 .40 4 9/30 1.33 1.33 12/31 .10 NIL YES2665 1540 Prologis PLD 90.86 2 2 3 1.00 80- 105 (N- 15%) 31.9 2.5 2.85 2.24 22 9/30 .71 .60 9/30 .53 .48 YES2028 2431 ProPetro Holding PUMP 8.72 5 3 4 1.70 25- 35 (185-300%) 4.4 NIL 1.98 NIL 95 9/30 .33 .53 9/30 NIL NIL YES

1508 Provident Fin’l Svcs. PFS 24.50 3 3 4 .85 30- 40 (20- 65%) 13.5 3.8 1.81 .94 14 9/30 .49 .54 12/31 .23 .21 YES1566 Prudential Fin’l PRU 93.67 4 3 4 1.35 125- 185 (35-100%) 7.5 4.3 12.46 4.00 37 9/30 3.22 3.15 12/31 1.00 .90 YES145 Public Serv. Enterprise PEG 59.56 2 1 1 .65 55- 65 (N- 10%) 18.6 3.3 3.20 1.94 17 9/30 .79 .81 12/31 .47 .45 YES

1541 Public Storage PSA 208.41 3 1 1 .65 235- 285 (15- 35%) 25.7 4.0 8.11 8.30 22 9/30 1.93 1.85 12/31 2.00 2.00 YES1132 PulteGroup, Inc. PHM 39.44 3 3 2 1.05 35- 50 (N- 25%) 11.1 1.2 3.55 .46 7 9/30 1.01 1.01 12/31 .11 .11 YES1408 Pure Storage PSTG 17.01 4 4 3 1.30 25- 40 (45-135%) NMF NIL .02 NIL 67 10/31 ◆d.12 d.12 9/30 NIL NIL YES542 QEP Resources QEP 3.32 5 4 3 2.10 16- 25 (380-655%) 7.4 2.4 .45 .08 93 9/30 .05 .17 12/31 .02 NIL YES

639 841 QIAGEN N.V. (NDQ) QGEN 41.83 – 3 – 1.05 45- 65 (10- 55%) NMF NIL ▼.01 NIL 77 9/30 d.71 .26 9/30 NIL NIL YES238 1375 Qorvo Inc. (NDQ) QRVO 104.31 ▼3 3 3 1.15 70- 105 (N- N%) 60.6 NIL 1.72 NIL 56 9/30 .70 .25 9/30 NIL NIL YES230 2376 Quad/Graphics Inc. QUAD 4.28 – 5 – 1.30 14- 25 (225-485%) NMF 14.0 d.59 .60 82 9/30 d2.52 .45 12/31 ▼.15 .30 YES

585 Quaker Chemical KWR 150.36 3 3 3 1.25 195- 295 (30- 95%) 23.9 1.0 6.28 1.54 66 9/30 1.56 1.60 3/31 ◆.385 .37 YES241 960 Qualcomm Inc. (NDQ) QCOM 85.29 3 3 2 1.10 95- 145 (10- 70%) 24.6 2.9 3.47 2.48 39 9/30 .78 .90 12/31 .62 .62 YES

1117 Quanex Bldg. Prod. NX 18.98 3 3 3 1.25 20- 30 (5- 60%) 18.6 1.7 1.02 .32 31 7/31 .41 .31 9/30 .08 .08 YES1233 Quanta Services PWR 42.15 3 3 3 1.40 60- 90 (40-115%) 12.1 0.4 3.48 .16 84 9/30 1.14 .88 12/31 .04 NIL YES

PA-QU

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 17

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 18: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

810 Quest Diagnostics DGX 106.53 2 2 3 .95 115- 155 (10- 45%) 16.1 2.0 6.62 2.12 18 9/30 1.76 1.68 3/31 .53 .53 YES453 2183 Qurate Retail (NDQ) QRTEA 9.53 5 3 4 1.15 25- 35 (160-265%) 7.4 NIL 1.28 NIL 90 9/30 d1.85 .16 9/30 NIL NIL YES

1726 RBC Bearings (NDQ) ROLL 165.81 2 3 3 1.05 100- 150 (N- N%) 30.9 NIL 5.37 NIL 40 9/30 1.30 1.22 9/30 NIL NIL YES1157 RH RH 202.14 2 4 2 1.15 210- 350 (5- 75%) 18.3 NIL 11.05 NIL 27 7/31 3.20 2.49 9/30 NIL NIL YES771 RLI Corp. RLI 98.32 1 3 3 .85 75- 115 (N- 15%) 39.8 0.9 2.47 .92 4 9/30 .57 .46 12/31 .23 .22 YES

2432 RPC Inc. RES 3.80 5 4 2 1.45 9- 16 (135-320%) NMF NIL d.18 NIL 95 9/30 d.08 .23 9/30 ▼NIL .10 YES586 RPM Int’l RPM 73.78 1 3 3 1.05 80- 120 (10- 65%) 21.7 2.0 3.40 1.44 66 8/31 .95 .76 12/31 ▲ .36 .35 YES

232 2113 Ralph Lauren RL 108.93 3 3 4 1.25 135- 205 (25- 90%) 14.0 2.5 7.78 2.75 85 9/30 2.55 2.26 12/31 .688 .625 YES1376 Rambus Inc. (NDQ) RMBS 13.31 3 3 2 1.10 15- 20 (15- 50%) 14.6 NIL .91 NIL 56 9/30 d.03 .22 9/30 NIL NIL YES2414 Range Resources RRC 3.88 5 4 3 1.55 18- 30 (365-675%) NMF 2.1 NIL .08 94 9/30 d.07 .26 9/30 .02 .02 YES634 Rattler Midstream LP (NDQ) RTLR 15.40 – 3 – NMF 25- 40 (60-160%) 13.5 6.5 1.14 1.00 16 9/30 .26 NA 12/31 .25 NIL YES

1774 Raven Inds. (NDQ) RAVN 34.63 4 3 4 1.30 50- 70 (45-100%) 27.7 1.5 1.25 .52 52 7/31 .24 .38 12/31 .13 .13 YES1816 Raymond James Fin’l RJF 89.56 3 3 4 1.25 110- 165 (25- 85%) 11.4 1.6 7.85 1.40 57 9/30 2.00 1.68 12/31 .34 .30 YES

1239 587 Rayonier Advanced Mat. RYAM 3.85 – 5 – 2.15 8- 16 (110-315%) NMF NIL d.48 NIL 66 9/30 d.29 .54 9/30 ▼NIL .07 YES1166 Rayonier Inc. RYN 30.48 3 3 4 1.00 30- 45 (N- 50%) 92.4 3.5 .33 1.08 89 9/30 NIL .18 12/31 .27 .27 YES720 Raytheon Co. RTN 216.29 – 1 – .85 210- 255 (N- 20%) 18.3 1.7 11.81 3.77 45 9/30 3.08 2.25 3/31 .943 .868 YES

1775 Realogy Holdings RLGY 10.75 5 4 5 1.15 16- 30 (50-180%) 9.2 NIL 1.17 NIL 52 9/30 d.61 .83 12/31 ▼NIL .09 YES2205 RealReal (The) (NDQ) REAL 16.84 – 4 – NMF 20- 35 (20-110%) NMF NIL d1.25 NIL 83 9/30 d.30 NA 9/30 NIL NIL YES1542 Realty Income Corp. O 76.30 2 2 2 .65 75- 100 (N- 30%) 54.5 3.6 1.40 2.78 22 9/30 .32 .34 12/31 ▲ .681 .662 YES367 Red Robin Gourmet (NDQ) RRGB 27.39 4 3 3 1.05 50- 75 (85-175%) NMF NIL .11 NIL 43 9/30 d.24 .16 9/30 NIL NIL YES

2365 Red Rock Resorts (NDQ) RRR 22.98 4 3 4 1.50 30- 45 (30- 95%) 19.0 1.7 1.21 .40 63 9/30 d.22 .20 12/31 .10 .10 YES1727 Regal Beloit RBC 82.72 3 3 5 1.30 90- 140 (10- 70%) 14.6 1.5 5.65 1.20 40 9/30 1.35 1.67 3/31 .30 .28 YES1543 Regency Centers Corp. REG 64.35 3 3 1 .80 75- 115 (15- 80%) 48.0 3.6 1.34 2.34 22 9/30 .34 .41 12/31 .585 .555 YES842 Regeneron Pharmac. (NDQ) REGN 366.82 3 3 5 1.10 500- 750 (35-105%) 16.1 NIL 22.84 NIL 77 9/30 5.86 5.17 9/30 NIL NIL YES

2524 Regions Financial RF 16.84 3 3 4 1.35 20- 30 (20- 80%) 11.2 3.9 1.51 .66 46 9/30 .39 .32 3/31 .155 .14 YES1013 Regis Corp. RGS 15.89 4 3 1 1.10 15- 20 (N- 25%) 19.9 NIL .80 NIL 25 9/30 .37 .25 9/30 NIL NIL YES1567 Reinsurance Group RGA 164.44 3 2 2 1.00 170- 230 (5- 40%) 11.8 1.8 13.91 2.90 37 9/30 4.02 4.03 12/31 .70 .60 YES746 Reliance Steel RS 116.86 3 3 3 1.25 130- 195 (10- 65%) 13.0 1.9 9.01 2.20 91 9/30 2.40 2.04 12/31 .55 .50 YES

2025 RenaissanceRe Hldgs. RNR 184.28 1 2 2 .75 155- 210 (N- 15%) 13.1 0.7 14.12 1.36 34 9/30 .29 .52 12/31 .34 .33 YES2149 Rent-A-Center (NDQ) RCII 26.01 2 4 2 1.05 30- 50 (15- 90%) 10.6 3.8 2.46 1.00 35 9/30 .47 .32 12/31 ▲ .25 NIL YES

411 Republic Services RSG 87.06 2 2 3 .75 90- 120 (5- 40%) 25.7 1.9 3.39 1.65 5 9/30 .91 .82 12/31 ▲ .405 .375 YES2462 1341 Resideo Technologies REZI 10.13 – 3 – NMF 25- 35 (145-245%) 7.1 NIL 1.43 NIL 59 9/30 .06 2.54 9/30 NIL NIL YES2668 227 ResMed Inc. RMD 146.31 2 3 3 .85 110- 165 (N- 15%) 36.6 1.1 4.00 1.56 21 9/30 .93 .73 12/31 .39 .37 YES1851 399 Resources Connection (NDQ) RECN 15.35 4 3 5 1.15 25- 40 (65-160%) 14.0 3.6 1.10 .56 10 8/31 .17 .18 12/31 .14 .13 YES

368 Restaurant Brands Int’l QSR 65.12 2 3 1 .95 100- 150 (55-130%) 21.6 3.3 3.01 2.15 43 9/30 .77 .63 3/31 .50 .45 YES1014 Revlon Inc. REV 23.92 – 4 – .90 17- 30 (N- 25%) NMF NIL d2.36 NIL 25 9/30 d.71 .14 9/30 NIL NIL YES2206 Revolve Group RVLV 16.53 – 3 – NMF 30- 40 (80-140%) 25.4 NIL .65 NIL 83 9/30 .13 NA 9/30 NIL NIL YES1728 Rexnord Corp. RXN 31.19 3 3 3 1.40 50- 70 (60-125%) 19.0 NIL 1.64 NIL 40 9/30 .46 .37 9/30 NIL NIL YES

230 961 Ribbon Communications(NDQ) RBBN 2.88 – 4 – 1.15 5- 8 (75-180%) NMF NIL d.61 NIL 39 9/30 .01 d.10 9/30 NIL NIL YES1594 Rio Tinto plc RIO 54.67 2 3 5 1.25 75- 115 (35-110%) 8.8 6.2 6.23 3.40 81 6/30 3.02(p) 2.54(p) 9/30 1.51 1.268 YES400 Ritchie Brothers RBA 42.42 1 3 3 .85 40- 60 (N- 40%) 31.0 1.9 1.37 .80 10 9/30 .23 .21 12/31 .20 .18 YES

1663 970 Rite Aid Corp. RAD 9.54 – 5 – 1.25 8- 15 (N- 55%) 35.3 NIL .27 NIL 75 8/31 .12 d.15 9/30 NIL NIL YES1657 Robert Half Int’l RHI 57.95 3 2 4 1.20 75- 105 (30- 80%) 14.2 2.2 4.08 1.30 73 9/30 1.01 .95 12/31 .31 .28 YES

452 1313 Rockwell Automation ROK 195.72 3 2 4 1.25 205- 275 (5- 40%) 22.4 2.1 8.74 4.08 64 9/30 2.01 2.11 12/31 ▲ 1.02 .97 YES1776 Rogers Communications(TSE) RCIB.TO 63.55b 3 2 4 .55 65- 85 (N- 35%) 15.8 3.1 4.02 2.00 52 9/30 1.14(b) 1.15(b) 3/31 .50(b) .50(b) YES1342 Rogers Corp. ROG 130.89 4 3 2 1.35 115- 175 (N- 35%) 21.1 NIL 6.21 NIL 59 9/30 1.51 1.42 9/30 NIL NIL YES

2231 2339 Roku, Inc. (NDQ) ROKU 158.08 3 4 3 1.70 110- 160 (N- N%) NMF NIL d.51 NIL 86 9/30 d.22 d.09 9/30 NIL NIL YES2463 401 Rollins, Inc. ROL 35.31 3 2 1 .90 35- 45 (N- 25%) 53.5 1.2 .66 .42 10 9/30 .13 .20 12/31 .105 .093 YES

1729 Roper Tech. ROP 359.69 2 1 3 1.05 320- 395 (N- 10%) 26.9 0.6 13.37 2.05 40 9/30 3.29 3.09 3/31 ▲ .513 .463 YES2004 Rosetta Stone RST 15.10 3 4 3 .75 20- 35 (30-130%) NMF NIL d.61 NIL 33 9/30 d.12 d.29 9/30 NIL NIL YES2207 Ross Stores (NDQ) ROST 113.33 2 2 2 1.00 90- 125 (N- 10%) 24.3 1.0 4.66 1.10 83 10/31 ◆1.03 .91 12/31 ◆.255 .225 YES2525 Royal Bank of Canada (TSE) RY.TO 109.36b 2 1 3 .80 125- 150 (15- 35%) 12.1 4.0 9.03 4.36 46 7/31 2.22(b) 2.10(b) 12/31 ▲ 1.05(b) .98(b) YES2318 Royal Caribbean RCL 119.42 3 3 5 1.15 190- 285 (60-140%) 11.4 2.6 10.51 3.12 60 9/30 4.20 3.86 12/31 ▲ .78 .70 YES519 Royal Dutch Shell ‘B’ RDSB 59.14 3 2 3 1.25 90- 120 (50-105%) 9.4 6.4 6.28 3.76 42 9/30 1.46 1.40 12/31 .94 .94 YES

1579 Royal Gold (NDQ) RGLD 115.34 2 3 2 .80 140- 210 (20- 80%) 56.3 1.0 2.05 1.12 2 9/30 .60 .23 3/31 ▲ .28 .265 YES1205 Royce Value Trust RVT 14.44 – 3 – 1.15 14- 20 (N- 40%) NMF 1.3 NMF .19 – 6/30 15.76(q) 17.35(q) 12/31 NIL NIL2131 Rush Enterprises ‘A’ (NDQ) RUSHA 45.24 3 3 3 1.15 70- 110 (55-145%) 12.9 1.1 3.52 .52 12 9/30 1.05 1.03 12/31 .13 .12 YES747 Russel Metals (TSE) RUS.TO 22.74b 4 3 5 1.10 45- 65 (100-185%) 13.4 6.7 ▼1.70 1.52 91 9/30 .29(b) 1.09(b) 12/31 .38(b) .38(b) YES326 Ryder System R 53.25 4 3 3 1.40 80- 120 (50-125%) NMF 4.2 d.45 2.24 69 9/30 d1.49 1.64 12/31 .56 .54 YES

1544 Ryman Hospitality RHP 89.41 3 3 3 1.00 95- 145 (5- 60%) 29.5 4.1 3.03 3.70 22 9/30 .43 .44 12/31 .90 .85 YES443 S&P Global SPGI 265.85 1 2 3 1.05 245- 330 (N- 25%) 26.7 0.9 9.96 2.52 6 9/30 2.46 2.11 12/31 .57 .50 YES

2231 2604 SAP SE SAP 135.74 2 2 3 1.00 150- 200 (10- 45%) 31.6 1.2 4.29 1.67 11 9/30 1.14 .93 9/30 NIL NIL YES602 SBA Communications (NDQ) SBAC 231.54 2 3 2 .90 185- 280 (N- 20%) NMF 0.6 1.42 1.48 50 9/30 .37 .36 12/31 .37 NIL YES

2631 SEI Investments (NDQ) SEIC 63.72 1 2 3 1.25 80- 105 (25- 65%) 18.2 1.1 3.50 .72 3 9/30 .86 .80 9/30 NIL NIL YES336 SFL Corp. Ltd SFL 14.36 3 3 2 1.15 13- 20 (N- 40%) 13.9 9.7 1.03 1.40-.80 88 9/30 ◆.04 .28 12/31 ◆.35 .35 YES

1796 SJW Group SJW 70.11 – 3 – .60 60- 90 (N- 30%) 33.9 1.7 2.07 1.20 1 9/30 .33 .76 12/31 .30 .28 YES1545 SL Green Realty SLG 83.77 3 3 3 1.00 105- 155 (25- 85%) 56.2 4.2 1.49 3.56 22 9/30 .40 1.03 12/31 .85 .85 YES2576 SLM Corporation (NDQ) SLM 8.65 3 3 3 1.20 30- 40 (245-360%) 6.4 1.4 1.36 .12 13 9/30 .29 .23 12/31 .03 NIL YES1234 SNC-Lavalin Group (TSE) SNC.TO 23.72b 5 3 4 1.05 35- 55 (50-130%) 11.1 0.3 2.13 .08 84 9/30 1.24(b) .96(b) 12/31 .02(b) .287(b) YES1777 SPX Corp. SPXC 49.05 2 3 3 1.55 40- 65 (N- 35%) 18.7 NIL 2.62 NIL 52 9/30 .60 .16 9/30 NIL NIL YES1730 SPX FLOW, Inc. FLOW 48.30 – 3 – 1.85 40- 60 (N- 25%) 26.4 NIL 1.83 NIL 40 9/30 .39 .77 9/30 NIL NIL YES2606 SS&C Techn. Hldgs (NDQ) SSNC 60.12 3 3 5 1.15 70- 110 (15- 85%) 15.7 0.8 3.83 .50 11 9/30 .90 .79 12/31 ▲ .125 .08 YES2526 SVB Fin’l Group (NDQ) SIVB 235.75 4 3 4 1.60 345- 520 (45-120%) 11.7 NIL 20.08 NIL 46 9/30 5.15 5.10 9/30 NIL NIL YES1835 Sabre Corp. (NDQ) SABR 22.09 3 3 4 .95 45- 70 (105-215%) 19.7 2.5 1.12 .56 54 9/30 .27 .39 9/30 .14 .14 YES1641 Sage Therapeutics (NDQ) SAGE 152.05 4 4 3 1.50 150- 250 (N- 65%) NMF NIL d13.35 NIL 61 9/30 d3.48 d2.63 9/30 NIL NIL YES1235 St. Joe Corp. JOE 17.56 3 3 2 .95 20- 30 (15- 70%) 79.8 NIL .22 NIL 84 9/30 .10 .09 9/30 NIL NIL YES1836 salesforce.com CRM 161.71 4 3 3 1.10 160- 235 (N- 45%) 89.8 NIL 1.80 NIL 54 7/31 .11 .39 9/30 NIL NIL YES1015 Sally Beauty SBH 18.28 4 3 3 .80 25- 40 (35-120%) 8.0 NIL 2.28 NIL 25 9/30 .58 .46 9/30 NIL NIL YES

2668 1934 Sanderson Farms (NDQ) SAFM 166.41 2 3 3 .75 135- 200 (N- 20%) 20.6 0.8 8.08 1.37 30 7/31 2.41 .50 12/31 .32 .32 YES1343 Sanmina Corp. (NDQ) SANM 32.22 2 3 3 1.20 45- 65 (40-100%) 10.6 NIL 3.04 NIL 59 9/30 .84 .60 9/30 NIL NIL YES1642 Sanofi ADR (NDQ) SNY 46.90 3 1 2 .90 50- 60 (5- 30%) 21.0 3.8 2.23 1.80 61 9/30 .81 1.05 9/30 NIL NIL YES2577 Santander Consumer SC 23.47 1 3 1 1.10 30- 50 (30-115%) 2.9 3.7 8.05 .88 13 9/30 .67 .64 12/31 .22 .20 YES

QU-SA

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Page 18 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 19: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1935 Saputo Inc. (TSE) SAP.TO 39.56b 2 1 4 .55 45- 55 (15- 40%) 22.5 1.7 1.76 .69 30 9/30 .47(b) .42(b) 12/31 .17(b) .165(b) YES1409 ScanSource (NDQ) SCSC 35.60 4 3 5 1.20 45- 65 (25- 85%) 11.9 NIL 3.00 NIL 67 9/30 .72 .89 12/31 NIL NIL YES228 Schein (Henry) (NDQ) HSIC 70.36 – 3 – NMF 85- 125 (20- 80%) 19.0 NIL 3.70 NIL 21 9/30 .95 .79 9/30 NIL NIL YES

2433 Schlumberger Ltd. SLB 37.08 4 3 4 1.35 65- 100 (75-170%) 21.8 5.4 1.70 2.00 95 9/30 .43 .46 3/31 .50 .50 YES1663 748 Schnitzer Steel (NDQ) SCHN 22.03 4 3 4 1.50 ▼ 40- 60 (80-170%) 16.2 3.4 ▼1.36 .75 91 8/31 .41 1.03 12/31 .188 .188 YES

2377 Scholastic Corp. (NDQ) SCHL 36.91 3 3 3 .95 35- 50 (N- 35%) 23.1 1.6 1.60 .60 82 8/31 d1.59 d1.74 12/31 .15 .15 YES★★ 1808 Schwab (Charles) (NDQ) SCHW 49.31 4 3 5 1.30 60- 85 (20- 70%) 19.2 1.5 2.57 .75 19 9/30 .70 .65 12/31 .17 .13 YES

1994 Schweitzer-Mauduit Int’l SWM 44.77 3 3 3 .85 40- 60 (N- 35%) 13.6 3.9 3.30 1.76 74 9/30 .90 1.33 12/31 .44 .44 YES1239 402 Science Applications SAIC 82.91 2 3 2 1.00 115- 175 (40-110%) 14.1 1.8 5.87 1.48 10 7/31 1.35 1.13 12/31 .37 .31 YES

2366 Scientific Games (NDQ) SGMS 28.79 4 5 3 2.05 40- 75 (40-160%) 70.2 NIL .41 NIL 63 9/30 d.01 d.14 9/30 NIL NIL YES2013 SciPlay Corp. (NDQ) SCPL 10.25 – 3 – NMF 25- 40 (145-290%) 4.1 NIL 2.51 NIL 51 9/30 .09 NA 9/30 NIL NIL YES1193 Scotts Miracle-Gro SMG 99.96 2 3 1 .95 80- 120 (N- 20%) 19.6 2.3 5.09 2.32 29 9/30 d.99 d2.36 12/31 .58 .55 YES2340 Scripps (E.W.) ‘A’ (NDQ) SSP 15.46 5 3 5 1.20 30- 45 (95-190%) 22.4 1.3 .69 .20 86 9/30 d.27 .24 12/31 .05 .05 YES

453 1988 Sea Limited ADS SE 37.35 3 4 3 1.00 40- 70 (5- 85%) NMF NIL d1.85 NIL 32 9/30 d.40 d.64 9/30 NIL NIL YES1410 Seagate Technology (NDQ) STX 59.85 3 3 3 1.35 45- 70 (N- 15%) 12.7 4.3 4.70 2.60 67 9/30 1.03 1.70 3/31 ▲ .65 .63 YES1179 Sealed Air SEE 36.80 3 3 3 .95 60- 90 (65-145%) 15.1 1.7 2.43 .64 58 9/30 .51 .48 12/31 .16 .16 YES

2463 843 Seattle Genetics (NDQ) SGEN 121.62 3 4 4 1.25 95- 160 (N- 30%) NMF NIL ▼d1.98 NIL 77 9/30 d.55 d.42 9/30 NIL NIL YES2319 SeaWorld Entertainment SEAS 29.94 3 3 2 1.10 30- 50 (N- 65%) 18.1 NIL 1.65 NIL 60 9/30 1.24 1.10 9/30 NIL NIL YES

811 Select Med. Hldgs. SEM 22.49 3 3 5 1.30 ▲ 20- 35 (N- 55%) 19.2 NIL 1.17 NIL 18 9/30 .23 .24 9/30 NIL NIL YES772 Selective Ins. Group (NDQ) SIGI 66.06 3 3 1 .85 55- 80 (N- 20%) 15.5 1.4 4.26 .92 4 9/30 .97 .99 12/31 ▲ .23 .20 YES

2225 Sempra Energy SRE 146.37 3 2 2 .70 130- 180 (N- 25%) 23.0 2.8 6.37 4.12 28 9/30 1.50 1.23 12/31 .968 .895 YES1377 Semtech Corp. (NDQ) SMTC 49.88 4 3 2 1.35 55- 85 (10- 70%) 29.7 NIL 1.68 NIL 56 7/31 .38 .55 9/30 NIL NIL YES130 Sensata Techn. plc ST 52.03 3 3 3 1.30 75- 110 (45-110%) 13.7 NIL 3.81 NIL 47 9/30 .90 .91 9/30 NIL NIL YES

2463 1936 Sensient Techn. SXT 63.71 3 2 4 1.10 70- 90 (10- 40%) 19.4 2.4 3.28 1.56 30 9/30 .75 1.12 12/31 ▲ .39 .36 YES1848 Service Corp. Int’l SCI 43.86 3 3 1 1.05 50- 75 (15- 70%) 21.8 1.6 2.01 .72 68 9/30 .37 .35 12/31 .18 .17 YES1546 Service Properties (NDQ) SVC 22.83 3 3 3 1.10 35- 50 (55-120%) 18.6 9.5 1.23 2.18 22 9/30 .24 .71 12/31 .54 .53 YES403 ServiceMaster Global SERV 39.25 – 3 – NMF 40- 60 (N- 55%) 37.0 NIL 1.06 NIL 10 9/30 .19 .13 9/30 NIL NIL YES

2632 ServiceNow, Inc. NOW 279.75 3 3 3 1.15 240- 360 (N- 30%) NMF NIL .39 NIL 3 9/30 .21 .04 9/30 NIL NIL YES238 369 Shake Shack SHAK 61.07 3 4 1 1.20 60- 95 (N- 55%) 72.7 NIL .84 NIL 43 9/30 .26 .21 9/30 NIL NIL YES

1025 Shaw Commun. ‘B’ (TSE) SJRB.TO 27.07b 3 2 3 .60 30- 40 (10- 50%) 17.2 4.4 1.57 1.20 20 8/31 .32(b) .39(b) 12/31 .296(b) .296(b) YES635 Shell Midstream L.P. SHLX 20.27 3 3 3 1.20 30- 55 (50-170%) 12.1 9.3 1.67 1.88 16 9/30 .45 .50 12/31 ▲ .445 .382 YES

239 929 Shenandoah Telecom. (NDQ) SHEN 37.26 4 3 5 1.00 45- 70 (20- 90%) 27.4 0.8 1.36 .30 72 9/30 .29 .31 12/31 .29 .27 YES1142 Sherwin-Williams SHW 580.01 1 2 2 1.05 525- 710 (N- 20%) 25.6 0.9 22.68 5.03 15 9/30 6.65 5.68 12/31 1.13 .86 YES1837 Shopify Inc. SHOP 317.07 3 4 2 1.40 280- 470 (N- 50%) NMF NIL .35 NIL 54 9/30 d.29 .04 9/30 NIL NIL YES1778 Siemens AG (ADS) (PNK) SIEGY 64.11 3 2 5 1.10 90- 125 (40- 95%) 13.6 3.4 4.70 2.17 52 9/30 .90 .38 12/31 NIL NIL603 Sierra Wireless (NDQ) SWIR 8.77 5 4 3 1.40 20- 35 (130-300%) NMF NIL d.81 NIL 50 9/30 d.56 d.03 9/30 NIL NIL YES

2527 Signature Bank (NDQ) SBNY 124.42 3 3 4 1.05 175- 265 (40-115%) 11.0 1.8 11.28 2.24 46 9/30 2.75 2.84 12/31 .56 .56 YES1039 2184 Signet Jewelers Ltd. SIG 17.09 5 4 4 1.20 45- 80 (165-370%) 5.4 8.7 3.16 1.48 90 7/31 .51 .52 12/31 .37 .37 YES

1180 Silgan Holdings (NDQ) SLGN 30.66 3 3 2 .95 35- 50 (15- 65%) 13.4 1.4 2.28 .44 58 9/30 .73 .76 12/31 .11 .10 YES1378 Silicon Labs. (NDQ) SLAB 108.37 3 3 2 1.25 85- 130 (N- 20%) 45.5 NIL 2.38 NIL 56 9/30 .45 .63 9/30 NIL NIL YES189 Silk Road Medical (NDQ) SILK 37.19 – 3 – NMF 20- 30 (N- N%) NMF NIL d.87 NIL 8 9/30 d.26 NA 9/30 NIL NIL YES

1547 Simon Property Group SPG 149.24 3 2 3 .85 220- 300 (45-100%) 21.1 5.8 7.07 8.65 22 9/30 1.77 1.80 12/31 2.10 2.00 YES1937 Simply Good Foods (NDQ) SMPL 27.15 – 3 – NMF 15- 25 (N- N%) 41.8 NIL .65 NIL 30 8/31 .07 .15 9/30 NIL NIL YES

2669 1118 Simpson Manufacturing SSD 81.39 3 3 2 1.00 70- 105 (N- 30%) 24.5 1.1 3.32 .92 31 9/30 .97 .95 3/31 .23 .22 YES2341 Sinclair Broadcast (NDQ) SBGI 35.84 3 3 1 1.25 55- 80 (55-125%) 12.8 2.2 2.79 .80 86 9/30 d.64 .62 12/31 .20 .20 YES2342 Sirius XM Holdings (NDQ) SIRI 6.85 3 4 2 1.00 18- 30 (165-340%) 20.1 0.7 .34 .05 86 9/30 .05 .07 12/31 ▲ .013 .012 YES1548 SITE Centers SITC 14.39 3 3 1 .90 11- 17 (N- 20%) 72.0 5.6 .20 .80 22 9/30 .08 d.09 3/31 .20 .20 YES2185 SiteOne Landscape SITE 89.84 2 3 3 .90 85- 130 (N- 45%) 42.4 NIL 2.12 NIL 90 9/30 .81 .70 9/30 NIL NIL YES2320 Six Flags Entertainment SIX 44.95 4 3 3 .90 70- 105 (55-135%) 17.4 7.5 2.58 3.35 60 9/30 2.11 2.16 12/31 ▲ .83 .82 YES2160 Skechers U.S.A. SKX 40.58 2 3 3 1.40 60- 85 (50-110%) 16.5 NIL 2.46 NIL 36 9/30 .71 .58 9/30 NIL NIL YES

311 SkyWest (NDQ) SKYW 63.84 3 3 3 1.40 75- 115 (15- 80%) 9.9 0.8 6.44 .48 71 9/30 1.79 1.57 3/31 .12 .10 YES1379 Skyworks Solutions (NDQ) SWKS 100.82 ▲3 3 3 1.15 105- 155 (5- 55%) 16.9 1.7 5.95 1.76 56 9/30 1.52 1.94 12/31 .44 .38 YES1838 Slack Technologies WORK 22.50 – 3 – NMF 30- 45 (35-100%) NMF NIL d.30 NIL 54 7/31 d.66 NA 9/30 NIL NIL YES2186 Sleep Number Corp. (NDQ) SNBR 49.93 3 3 3 1.20 65- 95 (30- 90%) 17.2 NIL 2.91 NIL 90 9/30 .94 .52 9/30 NIL NIL YES1731 Smith (A.O.) AOS 48.76 3 3 3 1.20 55- 80 (15- 65%) 19.2 2.0 2.54 .96 40 9/30 .53 .61 12/31 ▲ .24 .22 YES1938 Smucker (J.M.) SJM 105.83 3 1 3 .70 135- 165 (30- 55%) 15.2 3.3 6.94 3.52 30 10/31 ◆1.85 1.66 12/31 .88 .85 YES2653 Snap Inc. SNAP 15.50 2 4 3 1.10 12- 20 (N- 30%) NMF NIL d.50 NIL 70 9/30 d.16 d.25 9/30 NIL NIL YES1732 Snap-on Inc. SNA 162.46 3 2 3 1.10 180- 245 (10- 50%) 12.7 2.7 12.78 4.40 40 9/30 2.96 2.85 12/31 ▲ 1.08 .95 YES2605 SolarWinds Corp. SWI 19.25 – 3 – NMF 25- 35 (30- 80%) 21.6 NIL .89 NIL 11 9/30 .21 NIL 9/30 NIL NIL YES2132 Sonic Automotive SAH 33.40 2 3 3 1.30 25- 40 (N- 20%) 13.7 1.2 2.44 .40 12 9/30 .66 .43 3/31 .10 .06 YES1181 Sonoco Products SON 59.12 3 2 3 .95 60- 80 (N- 35%) 15.9 2.9 3.72 1.72 58 9/30 .97 .86 12/31 .43 .41 YES1344 Sonos, Inc. (NDQ) SONO 15.46 – 3 – NMF 16- 25 (5- 60%) NMF NIL .10 NIL 59 9/30 d.28 d.02 9/30 NIL NIL YES1989 Sony Corp. ADR(g) SNE 61.80 3 3 3 1.10 60- 90 (N- 45%) 12.2 0.6 5.06 .40 32 9/30 1.38 1.17 9/30 NIL NIL YES1850 Sotheby’s BID SEE FINAL SUPPLEMENT553 South Jersey Inds. SJI 30.71 3 2 2 .80 35- 45 (15- 45%) 22.1 4.0 1.39 1.24 38 9/30 d.30 d.27 12/31 ▲ .583 .567 YES146 Southern Co. SO 62.18 3 2 2 .50 50- 70 (N- 15%) 19.7 4.1 3.16 2.54 17 9/30 1.25 1.13 12/31 .62 .60 YES

1595 Southern Copper SCCO 38.20 3 3 4 1.30 65- 95 (70-150%) 16.9 4.2 2.26 1.60 81 9/30 .50 .48 12/31 .40 .40 YES312 Southwest Airlines LUV 57.56 3 3 3 1.15 80- 120 (40-110%) 12.0 1.3 4.78 .72 71 9/30 1.23 1.08 12/31 ◆NIL NIL YES554 Southwest Gas SWX 76.42 ▼3 3 1 .70 75- 110 (N- 45%) 19.0 3.0 4.02 2.28 38 9/30 .10 .25 12/31 .545 .52 YES543 Southwestern Energy SWN 1.95 5 4 3 1.70 12- 20 (515-925%) 4.1 NIL .48 NIL 93 9/30 .08 .25 9/30 NIL NIL YES164 Spartan Motors (NDQ) SPAR 17.36 ▲2 3 3 1.00 18- 25 (5- 45%) 16.7 0.6 1.04 .10 55 9/30 .35 .17 12/31 .05 .05 YES

1956 SpartanNash Co. (NDQ) SPTN 13.83 5 3 4 1.30 25- 40 (80-190%) 9.2 5.5 1.51 .76 9 9/30 d.01 .49 12/31 .19 .18 YES453 1779 Spectrum Brands SPB 62.70 – 3 – NMF 55- 85 (N- 35%) 18.5 2.7 3.39 1.68 52 9/30 1.13 d.99 12/31 .42 .42 YES

1421 Speedway Motorsports TRK SEE FINAL SUPPLEMENT555 Spire Inc. SR 76.93 3 2 1 .65 75- 105 (N- 35%) 19.8 3.2 3.88 2.46 38 9/30 ◆d.74 d.51 12/31 .593 .563 YES721 Spirit AeroSystems SPR 90.19 4 3 4 1.15 110- 165 (20- 85%) 13.2 0.5 6.81 .48 45 9/30 1.62 1.70 3/31 .12 .12 YES

2231 313 Spirit Airlines SAVE 39.92 ▼5 3 4 1.15 60- 90 (50-125%) 8.5 NIL 4.67 NIL 71 9/30 1.32 1.47 9/30 NIL NIL YES1839 Splunk Inc. (NDQ) SPLK 147.64 ▼4 3 3 1.55 150- 225 (N- 50%) NMF NIL d.34 NIL 54 10/31 ◆d.38 d.38 9/30 NIL NIL YES

2668 2343 Spotify Tech. S.A. SPOT 141.87 – 4 – NMF 175- 260 (25- 85%) NMF NIL d.20 NIL 86 9/30 .40 .28 9/30 NIL NIL YES930 Sprint Corp. S 5.94 – 4 – 1.20 10- 17 (70-185%) 54.0 NIL .11 NIL 72 9/30 d.07 .05 9/30 NIL NIL YES

1957 Sprouts Farmers Market(NDQ) SFM 19.42 4 3 4 .85 30- 45 (55-130%) 18.3 NIL 1.06 NIL 9 9/30 .22 .28 9/30 NIL NIL YES2607 Square, Inc. SQ 68.25 3 4 4 1.60 70- 120 (5- 75%) NMF NIL .07 NIL 11 9/30 .07 .04 9/30 NIL NIL YES

SA-SQ

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 19

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 20: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

997 Standard Motor Prod. SMP 50.57 3 3 2 1.00 60- 90 (20- 80%) 15.9 2.0 3.18 1.01 87 9/30 1.02 .84 12/31 .23 .21 YES1780 Standex Int’l SXI 76.90 4 3 4 1.00 85- 125 (10- 65%) 16.7 1.1 4.60 .88 52 9/30 .97 1.21 12/31 ▲ .22 .20 YES1733 Stanley Black & Decker SWK 159.29 3 2 3 1.20 150- 200 (N- 25%) 18.1 1.7 8.79 2.76 40 9/30 2.13 2.08 12/31 .69 .66 YES1236 Stantec Inc. (TSE) STN.TO 35.46b 3 3 4 .75 40- 60 (15- 70%) 17.7 1.6 2.00 .58 84 9/30 .59(b) .45(b) 3/31 .145(b) .138(b) YES370 Starbucks Corp. (NDQ) SBUX 83.75 1 1 2 .90 100- 125 (20- 50%) 27.9 2.0 3.00 1.69 43 9/30 .70 .62 12/31 ▲ .41 .36 YES

1852 2367 Stars Group (The) (NDQ) TSG 23.82 – 3 – 1.35 25- 40 (5- 70%) 10.9 NIL 2.19 NIL 63 9/30 .50 .45 9/30 NIL NIL YES2528 State Street Corp. STT 75.30 4 3 5 1.30 85- 125 (15- 65%) 12.6 2.8 6.00 2.11 46 9/30 1.42 1.87 12/31 ▲ .52 .47 YES749 Steel Dynamics (NDQ) STLD 33.35 4 3 5 1.45 50- 80 (50-140%) 9.5 2.9 3.52 .96 91 9/30 .69 1.69 3/31 ◆.24 .188 YES

1158 Steelcase, Inc. ‘A’ SCS 18.19 3 3 3 1.10 25- 35 (35- 90%) 12.1 3.2 1.50 .58 27 8/31 .50 .41 12/31 .145 .135 YES588 Stepan Company SCL 99.16 3 3 3 1.20 100- 155 (N- 55%) 21.7 1.1 4.56 1.13 66 9/30 1.11 .95 12/31 ▲ .275 .25 YES412 Stericycle Inc. (NDQ) SRCL 63.56 3 3 3 1.05 85- 125 (35- 95%) 21.4 NIL 2.97 NIL 5 9/30 .80 1.03 9/30 NIL NIL YES190 STERIS plc STE 151.50 1 2 3 1.00 155- 205 (N- 35%) 26.5 1.0 5.72 1.48 8 9/30 1.32 1.10 12/31 .37 .34 YES

1817 Stifel Financial Corp. SF 62.57 3 3 4 1.40 85- 130 (35-110%) 10.1 1.1 6.17 .68 57 9/30 1.50 1.35 12/31 .15 .12 YES1380 STMicroelectronics STM 24.47 3 3 3 1.25 25- 40 (N- 65%) 19.4 1.0 1.26 .24 56 9/30 .34 .41 9/30 .06 .06 YES1849 StoneMor Partners L.P. STON SEE FINAL REPORT998 Stoneridge, Inc. SRI 29.76 3 3 2 1.20 40- 60 (35-100%) 22.7 NIL 1.31 NIL 87 9/30 .24 .46 9/30 NIL NIL YES

457 1345 Stratasys Ltd. (NDQ) SSYS 19.19 4 4 3 1.55 25- 45 (30-135%) NMF NIL d.06 NIL 59 9/30 d.13 d.01 9/30 NIL NIL YES2005 Strategic Education (NDQ) STRA 142.35 – 3 – NMF 175- 260 (25- 85%) 20.5 1.7 6.95 2.40 33 9/30 1.28 d1.10 12/31 ▲ .60 .50 YES191 Stryker Corp. SYK 203.10 1 1 2 .90 215- 265 (5- 30%) 23.7 1.0 8.56 2.08 8 9/30 1.91 1.69 12/31 .52 .52 YES

2321 Sturm, Ruger & Co. RGR 45.23 4 3 3 .90 55- 85 (20- 90%) 12.9 1.0 3.51 .44 60 9/30 .27 .52 12/31 ▼.11 .21 YES636 Suburban Propane SPH 22.80 3 3 2 .95 30- 40 (30- 75%) 17.4 10.5 1.31 2.40 16 9/30 d.82 d.83 12/31 .60 .60 YES

1119 Summit Materials SUM 23.88 3 3 2 1.60 30- 45 (25- 90%) 21.7 NIL 1.10 NIL 31 9/30 .48 .64 9/30 NIL NIL YES2578 Sun Life Fin’l Svcs. (TSE) SLF.TO 61.43b 2 2 3 .90 60- 80 (N- 30%) 11.8 3.6 5.20 2.20 13 9/30 1.37(b) .94(b) 12/31 ▲ .55(b) .50(b) YES520 Suncor Energy (TSE) SU.TO 42.21b 3 3 4 1.10 75- 110 (80-160%) 11.8 4.0 3.58 1.68 42 9/30 .67(b) 1.12(b) 12/31 .42(b) .36(b) YES

456 1220 SunPower Corp. (NDQ) SPWR 7.36 3 5 2 1.50 17- 30 (130-310%) NMF NIL d.82 NIL 41 9/30 d.11 d.64 9/30 NIL NIL YES2529 SunTrust Banks STI 71.45 – 3 – 1.20 85- 130 (20- 80%) 13.2 3.2 5.42 2.28 46 9/30 1.35 1.43 12/31 .56 .50 YES192 SurModics, Inc. (NDQ) SRDX 42.00 3 3 3 .80 45- 70 (5- 65%) 71.2 NIL .59 NIL 8 9/30 .26 d.13 9/30 NIL NIL YES962 Switch, Inc. SWCH 15.91 – 4 – NMF 17- 30 (5- 90%) 72.3 0.8 .22 .12 39 9/30 .02 NIL 12/31 .029 .015 YES

Symantec Corp. NAME CHANGED TO NORTONLIFELOCK INC.963 Synaptics (NDQ) SYNA 58.51 ▲3 3 3 1.25 60- 85 (5- 45%) 27.2 NIL 2.15 NIL 39 9/30 .98 .78 9/30 NIL NIL YES

2579 Synchrony Financial SYF 37.33 2 3 3 1.15 50- 75 (35-100%) 7.8 2.4 4.80 .90 13 9/30 1.60 .91 12/31 .22 .21 YES812 Syneos Health (NDQ) SYNH 54.80 2 4 2 1.30 70- 115 (30-110%) 16.0 NIL 3.42 NIL 18 9/30 .87 d.10 9/30 NIL NIL YES

1663 404 SYNNEX Corp. SNX 123.31 3 3 3 1.20 165- 245 (35-100%) 9.1 1.2 13.60 1.50 10 8/31 3.30 2.57 12/31 .375 .35 YES2609 Synopsys, Inc. (NDQ) SNPS 138.19 1 1 3 1.05 120- 150 (N- 10%) 27.5 NIL 5.03 NIL 11 7/31 1.18 .95 9/30 NIL NIL YES2530 Synovus Financial SNV 38.39 3 3 5 1.15 70- 105 (80-175%) 9.7 3.1 3.97 1.20 46 9/30 .97 .84 12/31 .30 .25 YES1958 Sysco Corp. SYY 79.82 1 1 2 .70 80- 100 (N- 25%) 21.3 2.3 3.75 1.80 9 9/30 .98 .91 3/31 ▲ .45 .39 YES931 T-Mobile US (NDQ) TMUS 78.00 – 3 – .95 100- 150 (30- 90%) 16.8 NIL 4.65 NIL 72 9/30 1.01 .93 9/30 NIL NIL YES616 TC Energy Corp. TRP 50.97 2 3 2 1.05 65- 100 (30- 95%) 16.6 5.9 3.07 3.00 62 9/30 .60 .75 3/31 ▲ .75 .506 YES787 TCF Financial (NDQ) TCF 42.07 – 3 – NMF 60- 95 (45-125%) 13.6 3.3 ▼3.10 1.40 53 9/30 .15 NA 12/31 .35 NIL YES

★★ 1809 TD Ameritrade Holding (NDQ) AMTD 51.78 – 3 – 1.20 75- 115 (45-120%) 12.3 2.4 4.20 1.24 19 9/30 1.00 .80 12/31 ▲ .31 .30 YES1346 TE Connectivity TEL 93.13 3 2 2 1.15 115- 155 (25- 65%) 16.8 2.0 5.54 1.84 59 9/30 1.33 1.35 12/31 .46 .44 YES2208 TJX Companies TJX 59.35 2 1 2 .90 70- 85 (20- 45%) 21.5 1.6 2.76 .92 83 10/31 .68 .61 12/31 .23 .195 YES1221 TPI Composites (NDQ) TPIC 17.79 4 4 5 1.25 35- 55 (95-210%) 22.2 NIL .80 NIL 41 9/30 d.13 .26 9/30 NIL NIL YES1133 TRI Pointe Group TPH 15.33 3 3 1 1.25 30- 45 (95-195%) 8.7 NIL 1.77 NIL 7 9/30 .44 .43 9/30 NIL NIL YES405 TTEC Holdings (NDQ) TTEC 46.35 2 3 2 1.10 50- 75 (10- 60%) 21.1 1.4 2.20 .64 10 9/30 .40 .22 12/31 .32 .28 YES

1381 TTM Technologies (NDQ) TTMI 13.45 4 3 4 1.30 30- 50 (125-270%) 10.1 NIL 1.33 NIL 56 9/30 .37 .50 9/30 NIL NIL YES1240 2209 Tailored Brands TLRD 5.26 – 5 – 1.70 10- 19 (90-260%) 1.7 NIL 3.18 NIL 83 7/31 .68 .97 12/31 ▼NIL .18 YES

428 Taiwan Fund TWN 20.54 – 4 – .95 25- 40 (20- 95%) NMF NIL NMF NIL – 8/31 20.80(q) 23.05(q) 9/30 NIL NIL1382 Taiwan Semic. ADR TSM 53.76 2 2 3 1.00 55- 70 (N- 30%) 25.1 3.0 2.14 1.60 56 9/30 .62 .56 12/31 .324 NIL YES2014 Take-Two Interactive (NDQ) TTWO 119.36 3 3 2 .90 130- 200 (10- 70%) 29.2 NIL 4.09 NIL 51 9/30 .63 .22 9/30 NIL NIL YES637 Tallgrass Energy LP TGE 18.30 – 3 – 1.40 20- 35 (10- 90%) 13.7 12.0 1.34 2.20 16 9/30 .40 .38 12/31 ▲ .55 .51 YES193 Tandem Diabetes Care (NDQ) TNDM 71.19 3 4 3 1.25 70- 120 (N- 70%) NMF NIL d.33 NIL 8 9/30 d.09 d.30 9/30 NIL NIL YES

2187 Tapestry Inc. TPR 26.69 5 3 4 1.15 40- 70 (50-160%) 10.5 5.1 2.55 1.35 90 9/30 .40 .48 12/31 .338 .338 YES544 Targa Resources TRGP 37.95 4 4 3 1.90 70- 115 (85-205%) NMF 9.6 d.46 3.64 93 9/30 d.58 d.24 12/31 .91 .91 YES

640 2150 Target Corp. TGT 125.19 1 3 2 .90 100- 150 (N- 20%) 19.7 2.1 6.35 2.64 35 10/31 1.36 1.11 12/31 .66 .64 YES2669 109 Tata Motors ADR TTM 11.54 5 4 3 1.25 25- 40 (115-245%) 26.2 NIL .44 NIL 65 9/30 d.04 d.22 9/30 NIL NIL YES

1134 Taylor Morrison Home TMHC 23.09 3 3 1 1.20 40- 60 (75-160%) 6.9 NIL 3.33 NIL 7 9/30 .65 .83 9/30 NIL NIL YES454 1411 Tech Data (NDQ) TECD 129.10 – 3 – 1.25 140- 210 (10- 65%) 10.5 NIL 12.27 NIL 67 10/31 ◆3.02 3.02 9/30 NIL NIL YES

1596 Teck Resources ‘B’ (TSE) TECKB.TO 21.12b 4 3 4 1.65 45- 70 (115-230%) 6.4 0.9 3.31 .20 81 9/30 .66(b) .83(b) 12/31 .05(b) .05(b) YES337 Teekay Corp. TK 5.20 – 5 – 2.20 5- 8 (N- 55%) NMF NIL .01 NIL 88 9/30 d.24 d.11 9/30 NIL .055 YES

2344 TEGNA Inc. TGNA 15.62 3 3 2 1.15 30- 50 (90-220%) 10.5 1.8 1.49 .28 86 9/30 .22 .43 3/31 .07 .07 YES825 Teladoc Health TDOC 83.96 3 4 3 1.20 75- 125 (N- 50%) NMF NIL d1.26 NIL 78 9/30 d.28 d.34 9/30 NIL NIL YES722 Teledyne Technologies TDY 340.88 1 3 3 1.10 ▲ 295- 445 (N- 30%) 31.3 NIL 10.88 NIL 45 9/30 2.84 2.43 9/30 NIL NIL YES194 Teleflex Inc. TFX 348.36 2 2 3 .95 350- 475 (N- 35%) 44.7 0.4 7.79 1.36 8 9/30 2.12 1.21 12/31 .34 .34 YES

1034 Telefonica SA ADR(g) TEF 7.44 3 4 3 1.10 9- 15 (20-100%) 10.3 5.9 .72 .44 24 9/30 .14 .23 9/30 .226 NIL YES239 932 Telephone & Data TDS 23.64 4 3 4 1.20 35- 50 (50-110%) 23.2 2.9 1.02 .68 72 9/30 .15 .41 12/31 .165 .16 YES

617 Tellurian Inc. (NDQ) TELL 7.78 5 4 4 1.85 11- 19 (40-145%) NMF NIL d.65 NIL 62 9/30 d.18 d.15 9/30 NIL NIL YES933 TELUS Corporation (TSE) T.TO 49.89b 2 2 3 .60 55- 75 (10- 50%) 17.4 4.7 2.86 2.34 72 9/30 .72(b) .74(b) 3/31 ▲ .583(b) .545(b) YES429 Templeton Emerg’g EMF 15.62 – 4 – 1.10 17- 30 (10- 90%) NMF 1.3 NMF .20 – 8/31 16.09(q) 16.90(q) 9/30 NIL NIL

1159 Tempur Sealy Int’l TPX 85.15 2 4 1 1.30 65- 110 (N- 30%) 27.9 NIL 3.05 NIL 27 9/30 1.31 .82 9/30 NIL NIL YES734 Tenaris S.A. ADS TS 21.90 4 3 4 1.40 40- 60 (85-175%) 16.5 3.7 ▼1.33 .82 76 9/30 .18 .42 9/30 NIL NIL YES813 Tenet Healthcare THC 32.51 3 4 5 1.40 45- 75 (40-130%) 11.6 NIL 2.80 NIL 18 9/30 .58 .29 9/30 NIL NIL YES

1734 Tennant Co. TNC 74.91 3 3 2 1.00 80- 120 (5- 60%) 28.0 1.2 2.68 .88 40 9/30 .63 .54 12/31 .22 .22 YES999 Tenneco Inc. TEN 12.51 4 3 3 1.60 25- 40 (100-220%) 2.8 NIL 4.43 NIL 87 9/30 1.23 1.70 9/30 NIL .25 YES

457 2610 Teradata Corp. TDC 26.83 5 3 4 1.20 50- 70 (85-160%) 38.3 NIL .70 NIL 11 9/30 .09 .15 9/30 NIL NIL YES1395 Teradyne Inc. TER 63.59 ▲1 3 2 1.25 45- 65 (N- N%) 22.8 0.6 2.79 .36 49 9/30 .75 .63 12/31 .09 .09 YES165 Terex Corp. TEX 29.13 4 3 4 1.70 45- 70 (55-140%) 12.0 1.5 2.42 .44 55 9/30 .82 .68 12/31 .11 .10 YES

1222 TerraForm Power (NDQ) TERP 15.62 2 4 1 1.55 12- 20 (N- 30%) NMF 5.4 .12 .84 41 9/30 d.26 d.16 12/31 .201 .19 YES2464 110 Tesla, Inc. (NDQ) TSLA 336.34 4 4 4 1.30 320- 530 (N- 60%) NMF NIL 2.26 NIL 65 9/30 .78 1.75 9/30 NIL NIL YES

413 Tetra Tech (NDQ) TTEK 86.90 2 3 2 1.05 65- 95 (N- 10%) 25.3 0.7 3.43 .60 5 9/30 .88 .75 12/31 .15 .12 YES1643 Teva Pharmac. ADR TEVA 10.72 5 4 5 1.30 20- 35 (85-225%) 4.4 NIL 2.45 NIL 61 9/30 .58 .68 9/30 NIL NIL YES1383 Texas Instruments (NDQ) TXN 119.01 3 1 1 1.10 110- 135 (N- 15%) 22.1 2.7 5.39 3.16 56 9/30 1.49 1.58 12/31 ▲ .79 .77 YES

ST-TE

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 20 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 21: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2670 371 Texas Roadhouse (NDQ) TXRH 58.64 3 3 5 .80 75- 115 (30- 95%) 22.6 2.2 2.59 1.29 43 9/30 .52 .40 12/31 ◆.30 .25 YES1781 Textron, Inc. TXT 46.66 3 3 4 1.35 75- 115 (60-145%) 12.2 0.2 3.83 .08 52 9/30 .95 .65 3/31 .02 .02 YES131 Thermo Fisher Sci. TMO 310.60 2 2 3 1.05 210- 285 (N- N%) 37.2 0.2 8.35 .76 47 9/30 1.88 1.75 3/31 .19 .17 YES

1735 Thermon Group THR 26.64 3 3 4 1.20 30- 45 (15- 70%) 22.2 NIL 1.20 NIL 40 9/30 .11 .10 9/30 NIL NIL YES2026 Third Point Reinsurance TPRE 9.57 4 3 4 1.00 20- 35 (110-265%) 3.4 NIL 2.85 NIL 34 9/30 d.16 d.14 9/30 NIL NIL YES444 Thomson Reuters (TSE) TRI.TO 95.36b – 2 – .75 110- 145 (15- 50%) 64.9 1.5 1.47 1.44 6 9/30 .27(b) .11(b) 12/31 .36(b) .385(b) YES

1852 2322 Thor Inds. THO 65.79 3 3 3 1.30 110- 170 (65-160%) 9.8 2.5 6.70 1.64 60 7/31 2.13 1.67 12/31 ▲ .40 .37 YES1347 3D Systems DDD 9.01 5 4 4 1.45 8- 13 (N- 45%) NMF NIL d.47 NIL 59 9/30 d.15 d.10 9/30 NIL NIL YES

2459 1782 3M Company MMM 170.24 4 1 4 1.00 210- 255 (25- 50%) 18.2 3.4 9.34 5.76 52 9/30 2.58 2.58 12/31 1.44 1.36 YES★★ 2188 Tiffany & Co. TIF 133.25 – 3 – 1.15 125- 185 (N- 40%) 26.9 1.8 4.95 2.38 90 7/31 1.12 1.17 3/31 ◆.58 .55 YES

2210 Tilly’s, Inc. TLYS 9.91 3 4 3 1.00 16- 25 (60-150%) 12.1 NIL .82 NIL 83 7/31 .31 .29 9/30 NIL NIL YES1644 Tilray, Inc. (NDQ) TLRY 20.79 – 4 – NMF 40- 70 (90-235%) NMF NIL d.99 NIL 61 9/30 d.36 d.20 9/30 NIL NIL YES735 Timken Co. TKR 52.88 3 3 4 1.45 50- 70 (N- 30%) 11.7 2.1 4.53 1.12 76 9/30 1.14 1.06 12/31 .28 .28 YES

457 750 TimkenSteel Corp. TMST 5.75 5 4 4 2.35 ▼ 15- 25 (160-335%) NMF NIL ▼d.42 NIL 91 9/30 d.10 .03 9/30 NIL NIL YES1000 Titan Int’l TWI 3.09 – 5 – 1.95 5- 10 (60-225%) NMF 0.6 d.05 .02 87 9/30 d.28 .04 12/31 .005 .005 YES814 Tivity Health (NDQ) TVTY 22.55 4 3 5 .90 35- 55 (55-145%) 15.8 NIL 1.43 NIL 18 9/30 .29 .59 9/30 NIL NIL YES

2015 TiVo Corp. (NDQ) TIVO 7.93 4 4 4 1.40 8- 13 (N- 65%) NMF NIL d.39 NIL 51 9/30 d1.20 d.19 12/31 ▼NIL .18 YES1135 Toll Brothers TOL 40.27 3 3 1 1.10 35- 55 (N- 35%) 10.9 1.1 3.70 .46 7 7/31 1.00 1.21 12/31 .11 .11 YES1939 Tootsie Roll TR 34.56 2 1 3 .70 35- 50 (N- 45%) 34.6 1.1 1.00 .38 30 9/30 .46 .40 12/31 .09 .087 YES1120 TopBuild Corp. BLD 109.98 2 3 2 1.15 90- 130 (N- 20%) 20.9 NIL 5.25 NIL 31 9/30 1.60 1.19 9/30 NIL NIL YES1736 Toro Co. TTC 77.73 3 2 3 .95 65- 90 (N- 15%) 26.1 1.3 2.98 1.00 40 7/31 .56 .73 12/31 .225 .20 YES166 Toromont Inds. (TSE) TIH.TO 68.39 3 3 2 .80 70- 100 (N- 45%) 18.4 1.6 3.72 1.08 55 9/30 .97 .84 3/31 .27 .23 YES

2531 Toronto-Dominion (TSE) TD.TO 77.54b 3 1 4 .75 100- 125 (30- 60%) 11.3 4.0 6.85 3.14 46 7/31 1.74(b) 1.62(b) 12/31 .74(b) .67(b) YES521 Total S.A. ADR TOT 53.79 3 1 4 1.25 80- 100 (50- 85%) 12.1 5.9 4.44 3.15 42 9/30 1.04 1.47 12/31 .72 .738 YES

1421 Total System Svcs. TSS SEE FINAL SUPPLEMENT1850 1001 Tower International TOWR SEE FINAL SUPPLEMENT

111 Toyota Motor ADR(g) TM 142.54 1 2 3 1.00 185- 250 (30- 75%) 9.3 2.9 15.31 4.15 65 9/30 3.84 3.61 9/30 NIL NIL YES1143 Tractor Supply (NDQ) TSCO 95.71 2 3 3 1.05 110- 165 (15- 70%) 19.2 1.5 4.99 1.48 15 9/30 1.02 .95 12/31 .35 .31 YES2396 Trade Desk (The) (NDQ) TTD 256.89 3 3 4 1.75 155- 230 (N- N%) NMF NIL 2.26 NIL 44 9/30 .40 .44 9/30 NIL NIL YES1223 TransAlta Corp. (TSE) TA.TO 8.78b 3 4 3 .95 9- 16 (5- 80%) NMF 1.8 d.12 .16 41 9/30 .18(b) d.30(b) 3/31 .04(b) .04(b) YES723 TransDigm Group TDG 571.01 2 3 3 .95 370- 550 (N- N%) 32.9 NIL 17.38 NIL 45 9/30 3.73 4.14 9/30 NIL NIL YES

2434 Transocean Ltd. RIG 5.03 5 5 3 2.00 9- 17 (80-240%) NMF NIL d.81 NIL 95 9/30 d.38 .06 9/30 NIL NIL YES445 TransUnion TRU 84.85 2 3 3 1.00 85- 130 (N- 55%) 29.0 0.4 2.93 .30 6 9/30 .76 .65 12/31 .075 .075 YES

2463 773 Travelers Cos. TRV 135.03 3 1 3 .85 200- 240 (50- 80%) 14.0 2.4 9.65 3.28 4 9/30 1.43 2.54 12/31 .82 .77 YES589 Tredegar Corp. TG 21.59 3 3 3 1.35 25- 40 (15- 85%) 15.3 2.4 1.41 .52 66 9/30 .51 .12 3/31 .12 .11 YES

1940 TreeHouse Foods THS 49.47 ▼4 3 4 .95 50- 75 (N- 50%) 19.0 NIL 2.61 NIL 30 9/30 .55 .62 9/30 NIL NIL YES1121 Trex Co. TREX 86.26 3 3 2 1.30 80- 115 (N- 35%) 31.5 NIL 2.74 NIL 31 9/30 .72 .50 9/30 NIL NIL YES1206 Tri-Continental TY 28.23 – 2 – .95 30- 40 (5- 40%) NMF 3.5 NMF .98 – 6/30 30.03(q) 29.93(q) 12/31 ◆.251 .2521421 Tribune Media Co. TRCO SEE FINAL SUPPLEMENT2385 Tribune Publishing Co. (NDQ) TPCO 13.01 – 4 – 1.20 15- 25 (15- 90%) 13.3 7.7 .98 1.00 – 9/30 d.25 d.01 12/31 ▲ .25 NIL YES1783 TriMas Corp. (NDQ) TRS 31.16 3 3 2 1.20 35- 50 (10- 60%) 15.7 NIL 1.99 NIL 52 9/30 .44 .48 9/30 NIL NIL YES1314 Trimble Inc. (NDQ) TRMB 39.99 3 3 2 1.30 50- 80 (25-100%) 29.0 NIL 1.38 NIL 64 9/30 .31 .29 9/30 NIL NIL YES

2669 1658 TriNet Group TNET 54.74 3 3 2 1.10 80- 120 (45-120%) 16.4 NIL 3.33 NIL 73 9/30 .78 .71 9/30 NIL NIL YES347 Trinity Inds. TRN 21.50 – 3 – NMF 25- 35 (15- 65%) 16.9 3.2 1.27 .68 23 9/30 .39 .19 12/31 .17 .13 YES

2445 Trinseo S.A. TSE 39.84 4 3 3 1.60 95- 145 (140-265%) 9.4 4.0 4.22 1.60 80 9/30 .67 1.72 3/31 ◆.40 .40 YES2642 Trip.com Ltd. (NDQ) TCOM 32.81 3 3 4 1.25 50- 70 (50-115%) 32.8 NIL 1.00 NIL 70 9/30 .19 d.30 9/30 NIL NIL YES

239 2654 TripAdvisor, Inc. (NDQ) TRIP 28.57 5 3 3 1.10 45- 70 (60-145%) 24.0 NIL 1.19 NIL 70 9/30 .36 .49 9/30 NIL NIL YES724 Triumph Group TGI 29.20 4 4 4 1.45 30- 45 (5- 55%) 10.9 0.5 2.69 .16 45 9/30 .64 .40 12/31 .04 .04 YES590 Tronox Holding plc TROX 11.60 4 5 5 2.45 11- 20 (N- 70%) NMF 1.6 d.52 .18 66 9/30 d.09 .05 12/31 .045 .045 YES

1659 TrueBlue, Inc. TBI 23.48 4 3 4 1.30 30- 40 (30- 70%) 14.2 NIL 1.65 NIL 73 9/30 .68 .61 9/30 NIL NIL YES1194 Tupperware Brands TUP 8.83 5 4 3 1.20 65- 105 ( NMF ) 2.6 12.2 3.38 1.08 29 9/30 .16 .79 12/31 .27 .68 YES

239 1995 Turning Point Brands TPB 26.83 ▲4 4 4 .90 40- 65 (50-140%) 11.8 0.7 2.28 .18 74 9/30 .56 .47 3/31 .045 .045 YES1237 Tutor Perini TPC 15.72 4 3 3 1.60 30- 50 (90-220%) 6.4 NIL 2.44 NIL 84 9/30 .38 .42 9/30 NIL NIL YES

2669 1840 Twilio Inc. TWLO 103.36 3 4 3 1.50 75- 130 (N- 25%) NMF NIL .10 NIL 54 9/30 .03 d.28 9/30 NIL NIL YES2464 2655 Twitter Inc. TWTR 30.54 3 4 2 1.25 30- 50 (N- 65%) 43.6 NIL .70 NIL 70 9/30 .05 .14 9/30 NIL NIL YES

2633 Tyler Technologies TYL 289.33 1 3 3 .90 265- 400 (N- 40%) 52.0 NIL 5.56 NIL 3 9/30 1.35 1.23 9/30 NIL NIL YES1941 Tyson Foods ‘A’ TSN 88.63 2 3 3 .75 90- 140 (N- 60%) 14.9 1.9 5.94 1.68 30 9/30 1.21 1.58 3/31 ▲ .42 .375 YES1549 UDR, Inc. UDR 47.54 2 3 1 .75 45- 65 (N- 35%) NMF 2.9 .45 1.37 22 9/30 .09 .07 12/31 .343 .323 YES

454 556 UGI Corp. UGI 43.94 3 2 3 .80 55- 75 (25- 70%) 16.4 3.0 2.68 1.30 38 9/30 d.09 d.05 3/31 ◆.325 .26 YES414 US Ecology (NDQ) ECOL 54.72 3 3 1 1.00 65- 100 (20- 85%) 23.6 1.3 2.32 .72 5 9/30 .75 .70 12/31 .18 .18 YES

1959 US Foods Hldg. USFD 39.20 2 3 2 .80 55- 80 (40-105%) 15.6 NIL 2.51 NIL 9 9/30 .65 .55 9/30 NIL NIL YES1942 USANA Health Sciences USNA 74.13 4 3 4 .85 60- 90 (N- 20%) 19.1 NIL 3.88 NIL 30 9/30 1.09 1.24 9/30 NIL NIL YES

233 2611 Uber Technologies UBER 29.11 – 4 – NMF 40- 70 (35-140%) NMF NIL d1.95 NIL 11 9/30 d.68 NA 9/30 NIL NIL YES454 604 Ubiquiti Inc. UI 197.81 3 3 3 .85 165- 245 (N- 25%) 33.8 0.6 5.85 1.20 50 9/30 1.43 1.16 12/31 .30 .25 YES

1039 2189 Ulta Beauty (NDQ) ULTA 231.21 3 3 4 .95 340- 510 (45-120%) 18.4 NIL 12.58 NIL 90 7/31 2.76 2.46 9/30 NIL NIL YES232 2114 Under Armour ‘A’ UAA 17.36 4 4 3 1.30 25- 40 (45-130%) 43.4 NIL .40 NIL 85 9/30 .23 .25 9/30 NIL NIL YES

2115 Unifi, Inc. UFI 24.42 4 3 3 1.05 19- 30 (N- 25%) 32.6 NIL .75 NIL 85 9/30 .20 .10 9/30 NIL NIL YES406 UniFirst Corp. UNF 206.39 1 2 2 1.00 200- 275 (N- 35%) 24.6 0.5 8.40 1.00 10 8/31 2.40 2.06 3/31 ▲ .25 .113 YES

1943 Unilever PLC ADR(g) UL 58.58 3 1 1 .85 75- 90 (30- 55%) 20.3 3.3 2.89 1.91 30 6/30 1.31(p) 1.28(p) 12/31 .452 .45 YES348 Union Pacific UNP 179.90 3 1 3 1.15 215- 260 (20- 45%) 20.9 2.2 8.62 3.88 23 9/30 2.22 2.15 12/31 .97 .80 YES

1412 Unisys Corp. UIS 11.52 4 5 5 1.40 11- 20 (N- 75%) 30.3 NIL .38 NIL 67 9/30 d.23 .12 9/30 NIL NIL YES314 United Airlines Hldgs. (NDQ) UAL 92.52 3 3 3 1.20 130- 190 (40-105%) 7.7 NIL 11.99 NIL 71 9/30 4.07 3.06 9/30 NIL NIL YES

1852 1960 United Natural Foods UNFI 8.97 5 4 5 1.45 25- 40 (180-345%) 3.7 NIL 2.45 NIL 9 7/31 .36 .64 9/30 NIL NIL YES315 United Parcel Serv. UPS 120.30 2 2 2 1.00 155- 185 (30- 55%) 15.2 3.3 7.90 3.96 71 9/30 2.07 1.82 12/31 .96 .91 YES

1737 United Rentals URI 157.02 3 3 4 1.70 220- 335 (40-115%) 8.0 NIL 19.64 NIL 40 9/30 5.96 4.74 9/30 NIL NIL YES788 U.S. Bancorp USB 59.82 2 1 3 1.05 65- 80 (10- 35%) 13.8 2.9 4.33 1.72 53 9/30 1.15 1.06 12/31 ▲ .42 .37 YES934 U.S. Cellular USM 33.90 5 3 3 1.15 40- 60 (20- 75%) 24.9 NIL 1.36 NIL 72 9/30 .27 .41 9/30 NIL NIL YES

230 1597 U.S. Silica Holdings SLCA 5.13 – 4 – 2.15 25- 40 (385-680%) NMF 4.9 d.53 .25 81 9/30 d.31 .44 3/31 .063 .063 YES235 751 U.S. Steel Corp. X 13.79 5 4 5 2.10 35- 55 (155-300%) 30.6 1.5 .45 .20 91 9/30 d.49 1.62 12/31 .05 .05 YES

2465 1784 United Technologies UTX 147.52 – 1 – 1.05 160- 190 (10- 30%) 17.2 2.0 8.56 2.94 52 9/30 2.21 1.93 12/31 .735 .735 YES844 United Therapeutics (NDQ) UTHR 95.34 4 3 4 .95 ▲ 135- 200 (40-110%) 7.5 NIL ▲ 12.64 NIL 77 9/30 3.83 3.98 9/30 NIL NIL YES

2232 815 UnitedHealth Group UNH 282.67 2 1 5 1.00 315- 385 (10- 35%) 17.9 1.5 15.77 4.32 18 9/30 3.88 3.41 12/31 1.08 .90 YES

TE-UN

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December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 21

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 22: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2446 Univar Solutions UNVR 23.79 3 3 4 1.35 50- 75 (110-215%) 15.9 NIL 1.50 NIL 80 9/30 .36 .35 9/30 NIL NIL YES1996 Universal Corp. UVV 51.51 3 3 3 .75 50- 80 (N- 55%) 12.2 5.9 4.22 3.04 74 9/30 1.11 1.24 3/31 .76 .75 YES

2666 1315 Universal Display (NDQ) OLED 194.81 3 3 3 1.25 120- 180 (N- N%) 72.7 0.2 2.68 .43 64 9/30 .78 .48 12/31 .10 .06 YES2016 Universal Electronics (NDQ) UEIC 55.86 2 3 2 1.10 55- 85 (N- 50%) 81.0 NIL .69 NIL 51 9/30 .19 .07 9/30 NIL NIL YES1122 Universal Forest (NDQ) UFPI 50.04 3 3 3 1.20 50- 75 (N- 50%) 17.0 0.8 2.94 .40 31 9/30 .84 .66 12/31 .20 .18 YES816 Universal Health ‘B’ UHS 141.32 2 3 2 .95 175- 260 (25- 85%) 13.8 0.6 10.22 .80 18 9/30 1.99 1.84 12/31 .20 .10 YES

1568 Unum Group UNM 30.28 4 3 4 1.30 45- 70 (50-130%) 5.2 3.8 5.78 1.14 37 9/30 1.36 1.37 12/31 .285 .26 YES2211 Urban Outfitters (NDQ) URBN 25.84 4 3 3 1.00 55- 80 (115-210%) 10.9 NIL 2.38 NIL 83 10/31 .56 .70 9/30 NIL NIL YES2116 V.F. Corp. VFC 86.55 3 3 2 1.15 85- 125 (N- 45%) 25.4 2.2 3.41 1.92 85 9/30 1.26 1.43 12/31 .48 .51 YES2368 Vail Resorts MTN 238.06 3 3 2 .90 230- 350 (N- 45%) 27.4 3.0 8.70 7.04 63 7/31 d2.22 d2.07 12/31 1.76 1.47 YES2435 Valaris plc VAL 4.41 – 5 – 2.30 12- 20 (170-355%) NMF NIL d4.44 NIL 95 9/30 d1.27 d1.32 9/30 NIL .04 YES1598 Vale S.A. ADR VALE 12.03 3 5 4 1.65 14- 25 (15-110%) 11.0 NIL 1.09 NIL 81 9/30 .32 .27 9/30 NIL .358 YES522 Valero Energy VLO 97.35 3 3 3 1.30 95- 145 (N- 50%) 13.4 3.9 7.24 3.75 42 9/30 1.48 2.01 12/31 .90 .80 YES

1785 Valmont Inds. VMI 142.14 3 2 3 1.15 190- 260 (35- 85%) 16.4 1.1 8.69 1.50 52 9/30 1.85 1.82 12/31 .375 .375 YES1002 Valvoline Inc. VVV 22.98 2 3 2 .75 30- 40 (30- 75%) 16.2 2.1 1.42 .48 87 9/30 .40 .34 12/31 ▲ .113 .106 YES195 Varian Medical Sys. VAR 133.49 4 1 5 1.00 145- 180 (10- 35%) 30.2 NIL 4.42 NIL 8 9/30 .97 1.18 9/30 NIL NIL YES132 Veeco Instruments (NDQ) VECO 14.25 4 4 3 1.35 20- 35 (40-145%) NMF NIL d.87 NIL 47 9/30 d.25 d.19 9/30 NIL NIL YES826 Veeva Systems VEEV 156.95 ▼3 3 3 1.25 135- 205 (N- 30%) 66.8 NIL 2.35 NIL 78 7/31 .55 .39 9/30 NIL NIL YES

2671 1550 Ventas, Inc. VTR 57.64 3 3 1 .65 60- 90 (5- 55%) 45.4 5.5 1.27 3.19 22 9/30 .23 .28 12/31 .793 .79 YES1040 2212 Vera Bradley Inc. (NDQ) VRA 11.52 4 3 3 1.15 18- 25 (55-115%) 11.5 NIL 1.00 NIL 83 7/31 .17 .26 9/30 NIL NIL YES

2656 VeriSign Inc. (NDQ) VRSN 188.13 2 3 3 .95 145- 215 (N- 15%) 34.1 NIL 5.51 NIL 70 9/30 1.30 1.13 9/30 NIL NIL YES446 Verisk Analytics (NDQ) VRSK 145.41 3 2 2 .85 125- 170 (N- 15%) 44.6 0.7 3.26 1.00 6 9/30 .20 .99 12/31 .25 NIL YES

2670 935 Verizon Communic. VZ 59.38 2 1 2 .75 85- 100 (45- 70%) 12.2 4.1 4.87 2.46 72 9/30 1.25 1.22 12/31 ▲ .615 .603 YES2027 1396 Versum Materials VSM SEE FINAL SUPPLEMENT

845 Vertex Pharmac. (NDQ) VRTX 223.27 3 3 4 1.20 240- 360 (5- 60%) 64.0 NIL ▼3.49 NIL 77 9/30 .22 .50 9/30 NIL NIL YES2345 Viacom Inc. ‘B’ (NDQ) VIAB 23.91 – 3 – 1.15 55- 85 (130-255%) 5.7 3.3 4.18 .80 86 9/30 .79 .99 12/31 .20 .20 YES1786 Viad Corp. VVI 63.63 3 3 2 .80 65- 100 (N- 55%) 19.7 0.6 3.23 .40 52 9/30 1.53 1.72 12/31 .10 .10 YES605 ViaSat, Inc. (NDQ) VSAT 73.48 2 3 3 1.10 60- 90 (N- 20%) NMF NIL .04 NIL 50 9/30 .05 d.43 9/30 NIL NIL YES

1348 Viavi Solutions (NDQ) VIAV 15.29 2 3 2 .95 15- 25 (N- 65%) 20.4 NIL .75 NIL 59 9/30 .18 .15 9/30 NIL NIL YES1551 VICI Properties VICI 24.48 – 4 – NMF 18- 30 (N- 25%) 15.3 4.9 1.60 1.19 22 9/30 .31 .35 12/31 ▲ .298 .288 YES1961 Village Super Market (NDQ) VLGEA 28.27 3 3 4 .65 30- 45 (5- 60%) 14.5 3.5 1.95 1.00 9 7/31 .47 .42 12/31 .25 .252580 Visa Inc. V 180.97 2 1 3 1.00 220- 270 (20- 50%) 29.2 0.7 6.19 1.20 13 9/30 1.47 1.23 12/31 ▲ .30 .25 YES1349 Vishay Intertechnology VSH 19.41 4 3 4 1.45 35- 50 (80-160%) 12.6 2.0 1.54 .38 59 9/30 .26 .60 12/31 .095 .085 YES1003 Visteon Corp. VC 93.60 4 3 3 1.50 105- 155 (10- 65%) 19.3 NIL 4.86 NIL 87 9/30 .50 .68 9/30 NIL NIL YES1224 Vistra Energy VST 26.27 3 3 2 .90 40- 60 (50-130%) 14.1 1.9 1.86 .50 41 9/30 .23 .65 12/31 .125 NIL YES2612 VMware, Inc. VMW 168.73 ▼4 3 4 1.00 190- 290 (15- 70%) 24.7 NIL 6.83 NIL 11 7/31 1.60 1.54 9/30 NIL NIL YES

2670 964 Vocera Communications VCRA 21.89 3 4 4 .80 30- 50 (35-130%) NMF NIL d.66 NIL 39 9/30 .01 d.01 9/30 NIL NIL YES936 Vodafone Group ADR(g)(NDQ) VOD 20.23 3 3 3 1.00 30- 45 (50-120%) 25.9 3.3 .78 .67 72 9/30 .09(p) .41(p) 9/30 .464 1.195 YES

240 937 Vonage Holdings VG 7.72 2 3 2 .85 13- 19 (70-145%) 25.7 NIL .30 NIL 72 9/30 d.09 .09 9/30 NIL NIL YES1552 Vornado R’lty Trust VNO 63.57 3 3 3 .95 80- 115 (25- 80%) 43.8 4.2 1.45 2.64 22 9/30 1.69 1.00 12/31 .66 .63 YES2581 Voya Financial VOYA 58.24 3 3 3 1.35 80- 120 (35-105%) 15.6 1.0 3.73 .60 13 9/30 .74 .87 12/31 .15 .01 YES1123 Vulcan Materials VMC 140.29 1 3 1 1.15 140- 210 (N- 50%) 25.7 0.9 5.46 1.24 31 9/30 1.68 1.34 12/31 .31 .28 YES1004 WABCO Hldgs. WBC 134.73 – 3 – 1.10 165- 250 (20- 85%) 17.4 NIL 7.73 NIL 87 9/30 1.13 1.41 9/30 NIL NIL YES1195 WD-40 Co. (NDQ) WDFC 190.88 3 2 3 .70 105- 140 (N- N%) 44.6 1.3 4.28 2.44 29 8/31 .63 1.54 12/31 .61 .54 YES915 WEC Energy Group WEC 88.10 3 1 1 .50 75- 90 (N- N%) 24.7 2.8 3.56 2.47 26 9/30 .74 .74 12/31 .59 .553 YES

1553 W.P. Carey Inc. WPC 83.30 3 2 1 .75 75- 110 (N- 30%) 41.4 5.0 2.01 4.14 22 9/30 .24 .71 12/31 ▲ 1.036 1.01 YES2397 WPP PLC ADR WPP 64.50 3 2 4 1.10 145- 195 (125-200%) 11.9 6.2 5.43 4.00 44 6/30 1.57(p) 2.94(p) 12/31 1.389 1.50 YES545 WPX Energy WPX 10.24 3 4 4 2.10 13- 20 (25- 95%) 26.3 NIL .39 NIL 93 9/30 .09 d.01 9/30 NIL NIL YES

240 2190 WW International (NDQ) WW 42.69 4 4 5 1.25 35- 55 (N- 30%) 24.0 NIL 1.78 NIL 90 9/30 .68 1.00 9/30 NIL NIL YES167 Wabash National WNC 16.09 3 3 4 1.45 30- 45 (85-180%) 10.2 2.0 1.57 .32 55 9/30 .46 .29 3/31 ◆.08 .08 YES349 Wabtec Corp. WAB 80.97 – 3 – 1.20 105- 160 (30-100%) 19.0 0.6 4.27 .48 23 9/30 1.03 .95 12/31 .12 .12 YES

454 971 Walgreens Boots (NDQ) WBA 60.67 4 2 4 .95 80- 105 (30- 75%) 10.1 3.0 6.00 1.83 75 8/31 1.43 1.48 12/31 .458 .44 YES455 2151 Walmart Inc. WMT 118.92 2 1 2 .75 120- 150 (N- 25%) 24.1 1.8 4.93 2.15 35 10/31 1.16 1.08 3/31 .53 .52 YES

1509 Washington Federal (NDQ) WAFD 36.96 2 2 3 1.00 40- 55 (10- 50%) 13.8 2.3 2.68 .84 14 9/30 .66 .62 12/31 .21 .18 YES1554 Washington R.E.I.T. WRE 30.74 2 2 3 .85 30- 40 (N- 30%) 50.4 3.9 .61 1.20 22 9/30 4.14 .07 12/31 .30 .30 YES415 Waste Connections WCN 89.44 2 2 2 .80 90- 125 (N- 40%) 38.7 0.8 2.31 .74 5 9/30 .60 .57 12/31 ▲ .185 .16 YES416 Waste Management WM 110.31 2 1 1 .75 105- 130 (N- 20%) 24.5 1.9 4.50 2.05 5 9/30 1.19 1.15 12/31 .513 .465 YES133 Waters Corp. WAT 221.24 3 2 3 1.00 275- 370 (25- 65%) 23.7 NIL 9.33 NIL 47 9/30 2.13 1.92 9/30 NIL NIL YES

1144 Watsco, Inc. WSO 178.52 3 2 2 1.05 180- 245 (N- 35%) 26.4 3.7 6.77 6.55 15 9/30 2.20 2.11 12/31 1.60 1.45 YES1738 Watts Water Techn. WTS 96.47 3 3 3 1.15 90- 140 (N- 45%) 23.1 1.0 4.17 .96 40 9/30 1.04 .99 12/31 .23 .21 YES2657 Wayfair Inc. W 85.23 5 4 3 1.25 130- 215 (55-150%) NMF NIL d8.82 NIL 70 9/30 d2.94 d1.69 9/30 NIL NIL YES2532 Webster Fin’l WBS 49.23 4 3 4 1.20 65- 100 (30-105%) 12.2 3.3 4.04 1.60 46 9/30 1.00 1.06 12/31 .40 .33 YES

Weight Watchers NAME CHANGED TO WW INTERNATIONAL1555 Weingarten Realty WRI 31.42 3 3 3 .90 30- 50 (N- 60%) 41.9 5.1 .75 1.61 22 9/30 .82 .34 12/31 .395 .395 YES1962 Weis Markets WMK 39.86 3 3 5 .80 40- 60 (N- 50%) 16.9 3.1 2.36 1.24 9 9/30 .53 .53 12/31 .31 .31 YES1739 Welbilt, Inc. WBT 17.06 4 3 2 1.15 20- 35 (15-105%) 20.6 NIL .83 NIL 40 9/30 .22 .22 9/30 NIL NIL YES817 WellCare Health Plans WCG 324.05 – 3 – 1.05 400- 600 (25- 85%) 20.8 NIL 15.57 NIL 18 9/30 4.74 2.70 9/30 NIL NIL YES

1853 2533 Wells Fargo WFC 54.21 3 2 5 1.10 70- 95 (30- 75%) 11.5 3.8 4.73 2.06 46 9/30 .92 1.13 12/31 .51 .43 YES1556 Welltower Inc. WELL 83.19 2 3 1 .65 75- 110 (N- 30%) 22.2 4.3 3.75 3.57 22 9/30 1.45 .17 12/31 .87 .87 YES

1240 372 Wendy’s Company (NDQ) WEN 21.49 2 3 2 .85 25- 35 (15- 65%) 30.3 2.2 .71 .48 43 9/30 .19 .17 12/31 ▲ .12 .085 YES327 Werner Enterprises (NDQ) WERN 36.83 3 3 2 1.00 45- 65 (20- 75%) 16.2 1.0 2.28 .36 69 9/30 .57 .64 3/31 ◆.09 .09 YES725 Wesco Aircraft WAIR 10.97 – 3 – .95 17- 25 (55-130%) 11.2 NIL .98 NIL 45 9/30 ◆.11 .07 9/30 NIL NIL YES

1316 WESCO Int’l WCC 53.62 4 3 4 1.45 80- 115 (50-115%) 9.8 NIL 5.45 NIL 64 9/30 1.52 1.41 9/30 NIL NIL YES1167 West Fraser Timber (TSE) WFT.TO 60.08b 4 3 4 1.15 90- 135 (50-125%) 53.2 1.3 1.13 .80 89 9/30 d.22(b) 2.99(b) 12/31 .20(b) .20(b) YES229 West Pharmac. Svcs. WST 146.18 1 2 3 .90 145- 200 (N- 35%) 46.1 0.4 3.17 .64 21 9/30 .75 .73 12/31 ▲ .16 .15 YES

2672 1413 Western Digital (NDQ) WDC 49.76 3 3 2 1.45 70- 110 (40-120%) 20.7 4.0 2.40 2.00 67 9/30 .34 3.04 3/31 .50 .50 YES638 Western Midstream WES 18.36 ▲2 3 2 1.45 35- 50 (90-170%) 12.7 13.5 1.45 2.48 16 9/30 .27 .49 12/31 ▲ .62 .965 YES

2582 Western Union WU 27.38 3 3 3 .95 25- 35 (N- 30%) 15.1 2.9 1.81 .80 13 9/30 .32 .46 9/30 .20 .19 YES316 WestJet Airlines Ltd. (TSE) WJA.TO 30.61b – 3 – .70 25- 35 (N- 15%) 13.8 1.8 2.22 .56 71 9/30 1.02(b) .40(b) 12/31 .14(b) .14(b) YES591 Westlake Chemical WLK 70.56 4 3 4 1.55 105- 160 (50-125%) 13.1 1.5 5.38 1.05 66 9/30 1.22 2.35 12/31 ◆.263 .25 YES

1963 Weston (George) (TSE) WN.TO 106.66b 1 2 1 .60 115- 160 (10- 50%) 14.2 2.0 7.50 2.10 9 9/30 2.54(b) 2.25(b) 3/31 .525(b) .515(b) YES1182 WestRock Co. WRK 39.74 4 3 4 1.45 65- 100 (65-150%) 11.2 4.7 3.56 1.86 58 9/30 1.24 1.29 12/31 ▲ .465 .455 YES

UN-WE

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Page 22 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

★★ Supplementary Report in this week’s issue.▲ Arrow indicates the direction of a change. When it appearswith the Latest Dividend, the arrow signals that a change in theregular payment rate has occurred in the latest quarter.

For Timeliness, 3-5 year Target Price Range, or EstimatedEarnings 12 months to 6-30-20, the arrow indicates a changesince the preceding week. When a diamond ♦ (indicating anew figure) appears alongside the latest quarterly earnings

results, the rank change probably was primarily caused by theearnings report. In other cases, the change is due to the dynamicsof the ranking system and could simply be the result of theimprovement or weakening of other stocks.

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 23: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2583 WEX Inc. WEX 201.58 2 3 3 1.35 165- 250 (N- 25%) 20.2 NIL 10.00 NIL 13 9/30 2.59 2.19 9/30 NIL NIL YES1168 Weyerhaeuser Co. WY 29.41 3 3 3 1.20 40- 60 (35-105%) 45.2 4.6 .65 1.36 89 9/30 .13 .34 12/31 .34 .34 YES1580 Wheaton Precious Met. WPM 26.95 2 3 2 .80 25- 35 (N- 30%) 36.4 1.3 .74 .36 2 9/30 .16 .08 12/31 .09 .09 YES1787 Whirlpool Corp. WHR 146.01 3 3 1 1.20 200- 300 (35-105%) 9.6 3.3 15.20 4.80 52 9/30 3.97 4.55 12/31 1.20 1.15 YES2415 Whiting Petroleum WLL 5.43 5 5 3 2.85 20- 40 (270-635%) NMF NIL .04 NIL 94 9/30 d.38 .92 9/30 NIL NIL YES1026 WideOpenWest, Inc. WOW 6.07 4 4 3 1.65 19- 30 (215-395%) 8.9 NIL .68 NIL 20 9/30 .26 .37 9/30 NIL NIL YES2378 Wiley (John) & Sons JWA 46.83 4 3 4 1.15 75- 115 (60-145%) 17.1 2.9 2.74 1.36 82 7/31 .06 .45 12/31 .34 .33 YES618 Williams Cos. WMB 23.09 3 3 4 1.90 30- 50 (30-115%) 21.6 6.6 1.07 1.52 62 9/30 .26 .24 12/31 .38 .34 YES

2191 Williams-Sonoma WSM 69.23 ▼3 3 2 1.00 65- 100 (N- 45%) 15.1 2.8 4.57 1.92 90 10/31 ◆.94 1.00 12/31 .48 .43 YES2584 Willis Towers Wat. plc (NDQ) WLTW 193.13 3 2 2 .95 230- 310 (20- 60%) 16.7 1.3 11.59 2.60 13 9/30 1.31 1.32 12/31 .65 .60 YES373 Wingstop Inc. (NDQ) WING 77.02 3 3 1 1.05 65- 95 (N- 25%) 92.8 0.6 .83 .44 43 9/30 .20 .21 12/31 .11 .09 YES

2323 Winnebago WGO 49.41 3 3 3 1.30 70- 105 (40-115%) 13.0 0.9 3.81 .44 60 8/31 1.01 .94 9/30 .22 .20 YES789 Wintrust Financial (NDQ) WTFC 67.12 3 3 4 1.15 80- 130 (20- 95%) 10.8 1.5 6.21 1.00 53 9/30 1.69 1.57 12/31 .25 .19 YES

2161 Wolverine World Wide WWW 32.57 4 3 4 1.25 45- 65 (40-100%) 13.6 1.2 2.40 .40 36 9/30 .68 .62 3/31 .10 .08 YES134 Woodward, Inc. (NDQ) WWD 114.54 3 3 3 1.15 90- 135 (N- 20%) 23.1 0.5 4.96 .57 47 9/30 1.03 1.16 12/31 .163 .143 YES

2233 1841 Workday, Inc. WDAY 176.45 4 3 3 1.30 165- 250 (N- 40%) NMF NIL d1.55 NIL 54 7/31 d.53 d.40 9/30 NIL NIL YES619 World Fuel Services INT 43.24 3 3 2 1.20 40- 65 (N- 50%) 15.7 0.9 2.75 .40 62 9/30 .73 .56 3/31 ◆.10 .06 YES

2672 2346 World Wrestling Ent. WWE 60.51 4 4 4 1.15 60- 100 (N- 65%) 35.0 0.8 1.73 .48 86 9/30 .06 .37 12/31 .12 .12 YES752 Worthington Inds. WOR 38.18 4 3 4 1.30 65- 95 (70-150%) 13.6 2.5 2.80 .96 91 8/31 .56 .92 12/31 .24 .23 YES196 Wright Medical N.V. (NDQ) WMGI 29.52 – 3 – .95 17- 25 (N- N%) NMF NIL d.45 NIL 8 9/30 d.29 d.32 9/30 NIL NIL YES

2369 Wyndham Destinations WYND 48.34 – 3 – NMF 75- 115 (55-140%) 8.5 4.0 5.72 1.92 63 9/30 1.57 1.47 12/31 .45 .41 YES2370 Wyndham Hotels WH 57.32 – 3 – NMF 70- 105 (20- 85%) 15.7 2.0 3.64 1.16 63 9/30 1.10 .58 12/31 .29 .25 YES2371 Wynn Resorts (NDQ) WYNN 123.97 4 3 3 1.70 155- 235 (25- 90%) 21.6 3.2 5.75 4.00 63 9/30 .17 1.44 12/31 1.00 .75 YES328 XPO Logistics XPO 84.34 4 4 3 1.70 125- 210 (50-150%) 19.8 NIL 4.26 NIL 69 9/30 1.18 .89 9/30 NIL NIL YES

2226 Xcel Energy Inc. (NDQ) XEL 60.80 3 1 1 .50 50- 65 (N- 5%) 22.7 2.8 2.68 1.70 28 9/30 1.01 .96 12/31 .405 .38 YES236 1420 Xerox Holdings XRX 38.76 – 3 – 1.45 35- 55 (N- 40%) 10.1 2.6 3.85 1.00 92 9/30 1.08 .85 3/31 .25 .25 YES

1384 Xilinx Inc. (NDQ) XLNX 91.82 3 3 2 1.15 100- 155 (10- 70%) 24.2 1.6 3.79 1.48 56 9/30 .94 .88 12/31 .37 .36 YES1385 Xperi Corp. (NDQ) XPER 19.77 4 3 3 1.10 30- 45 (50-130%) 7.8 4.0 2.55 .80 56 9/30 .57 .63 12/31 .20 .20 YES1740 Xylem Inc. XYL 76.59 2 3 3 1.10 80- 120 (5- 55%) 22.3 1.3 3.44 .96 40 9/30 .82 .77 12/31 .24 .21 YES1581 Yamana Gold AUY 3.43 3 5 3 .85 2- 4 (N- 15%) 57.2 1.2 .06 .04 2 9/30 .01 .02 3/31 .01 .005 YES

455 2658 Yelp, Inc. YELP 35.01 4 4 4 1.30 40- 70 (15-100%) 40.2 NIL .87 NIL 70 9/30 .14 .17 9/30 NIL NIL YES1797 York Water Co. (The) (NDQ) YORW 43.60 1 3 2 .70 30- 45 (N- 5%) 37.9 1.7 1.15 .72 1 9/30 .35 .29 3/31 ▲ .18 .173 YES

2672 374 Yum! Brands YUM 98.01 3 2 1 .65 110- 150 (10- 55%) 24.9 1.8 3.93 1.74 43 9/30 .95 .82 12/31 .42 .36 YES375 Yum China Holdings YUMC 43.55 2 3 2 1.10 60- 90 (40-105%) 22.6 1.2 1.93 .54 43 9/30 .58 .51 12/31 .12 .12 YES965 Zayo Group Holdings ZAYO 34.22 – 3 – 1.00 30- 45 (N- 30%) 48.9 NIL .70 NIL 39 9/30 .08 .09 9/30 NIL NIL YES606 Zebra Techn. ‘A’ (NDQ) ZBRA 248.94 2 3 3 1.30 210- 315 (N- 25%) 18.6 NIL 13.41 NIL 50 9/30 3.43 2.88 9/30 NIL NIL YES

1842 Zendesk Inc. ZEN 78.33 4 4 4 1.10 65- 80 (N- N%) NMF NIL d.74 NIL 54 9/30 d.31 d.32 9/30 NIL NIL YES455 2659 Zillow Group ‘C’ (NDQ) Z 40.89 5 3 4 1.05 30- 50 (N- 20%) NMF NIL d.88 NIL 70 9/30 d.31 NIL 9/30 NIL NIL YES

197 Zimmer Biomet Hldgs. ZBH 145.08 2 2 3 .95 130- 175 (N- 20%) 17.8 0.7 8.15 .98 8 9/30 1.77 1.63 12/31 .24 .24 YES2534 Zions Bancorp. (NDQ) ZION 50.17 4 3 4 1.25 60- 90 (20- 80%) 11.5 2.7 4.35 1.36 46 9/30 1.17 1.04 12/31 .34 .30 YES1645 Zoetis Inc. ZTS 120.61 1 3 2 1.00 120- 180 (N- 50%) 32.4 0.5 3.72 .66 61 9/30 .94 .83 12/31 .164 .126 YES938 Zoom Video Communic.(NDQ) ZM 74.55 – 4 – NMF 85- 140 (15- 90%) NMF NIL d.15 NIL 72 7/31 .02 NA 9/30 NIL NIL YES

1241 1843 Zscaler, Inc. (NDQ) ZS 50.39 – 3 – NMF 55- 85 (10- 70%) NMF NIL d.10 NIL 54 7/31 d.04 d.06 9/30 NIL NIL YES2213 Zumiez Inc. (NDQ) ZUMZ 29.55 2 3 1 1.05 35- 55 (20- 85%) 13.4 NIL 2.21 NIL 83 7/31 .36 .17 9/30 NIL NIL YES2017 Zynga Inc. (NDQ) ZNGA 6.28 2 4 2 1.00 4- 6 (N- N%) 34.9 NIL .18 NIL 51 9/30 .24 .01 9/30 NIL NIL YES

WE-ZY

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 23

(•) All data adjusted for announced stock split or stock dividend.See back page of Ratings & Reports.

♦ New figure this week.(b) Canadian Dollars.(d) Deficit.

(f) The estimate may reflect a probable increase or decrease.If a dividend boost or cut is possible but not probable,two figures are shown, the first is the more likely.

(g) Dividends subject to foreign withholding tax for U.S. residents.

(h) Est’d Earnings & Est’d Dividends after conversion to U.S.dollars at Value Line estimated translation rate.

(j) All Index data expressed in hundreds.(p) 6 months (q) Asset ValueN=Negative figure NA=Not available NMF=No meaningful figure

PAGE NUMBERSBold type refers toRatings and Reports

NAME OF STOCK

R A N K S Industry RankDo Options Trade?

Recent Price LATEST RESULTS

TickerSymbol Beta

3-5 yearTarget Price Rangeand % appreciation

potential

CurrentP/E

Ratio

%Est’dYieldnext

12 mos.

Est’dEarns.

12 mos.to

6-30-20

(f)Est’dDiv’dnext12mos.

Qtr.Ended

Earns.Per sh.

YearAgo

Qtr.Ended

LatestDiv’d

YearAgo

TimelinessSafety

Technical

▼ ▼ ▼ ▼ ▼ ▼

Page 24: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1 Water Utility2 Precious Metals3 IT Services4 Insurance (Prop/Cas.)5 Environmental6 Information Services7 Homebuilding8 Med Supp Invasive9 Retail/Wholesale Food

10 Industrial Services11 Computer Software12 Retail Automotive13 Financial Svcs. (Div.)14 Thrift15 Retail Building Supply16 Pipeline MLPs17 Electric Utility (East)18 Medical Services19 Brokers & Exchanges20 Cable TV21 Med Supp Non-Invasive22 R.E.I.T.23 Railroad24 Telecom. Utility25 Toiletries/Cosmetics

26 Electric Util. (Central)27 Furn/Home Furnishings28 Electric Utility (West)29 Household Products30 Food Processing31 Building Materials32 Foreign Electronics33▼Educational Services34 Reinsurance35 Retail Store36 Shoe37 Insurance (Life)38▼Natural Gas Utility39 Telecom. Equipment40 Machinery41 Power42 Petroleum (Integrated)43 Restaurant44 Advertising45 Aerospace/Defense46 Bank47 Precision Instrument48▼Beverage49 Semiconductor Equip50 Wireless Networking

51 Entertainment Tech52 Diversified Co.53 Bank (Midwest)54 E-Commerce55 Heavy Truck & Equip56 Semiconductor57 Investment Banking58 Packaging & Container59▲Electronics60 Recreation61 Drug62 Oil/Gas Distribution63 Hotel/Gaming64 Electrical Equipment65 Automotive66 Chemical (Specialty)67 Computers/Peripherals68 Funeral Services69 Trucking70▼ Internet71 Air Transport72 Telecom. Services73 Human Resources74▲Tobacco75 Pharmacy Services

76 Metal Fabricating77 Biotechnology78 Healthcare Information79 Chemical (Basic)80 Chemical (Diversified)81 Metals & Mining (Div.)82 Publishing83 Retail (Softlines)84 Engineering & Const85 Apparel86 Entertainment87 Auto Parts88▼Maritime89 Paper/Forest Products90 Retail (Hardlines)91 Steel92 Office Equip/Supplies93 Natural Gas (Div.)94 Petroleum (Producing)95 Oilfield Svcs/Equip.

Agnico Eagle Mines 2 1 Dynamism of the ranking system.Ambarella, Inc. 3 2 Surprise factor, earnings turnaround. Oct. quarter 32¢ vs. year ago 21¢.

Our estimate was 20¢. Under ReviewCVS Health 2 1 Dynamism of the ranking system.Dick’s Sporting Goods (B) 4 3 Surprise factor, greater than average gain. Oct. period 52¢ vs. year ago 39¢.

Our estimate was 36¢. Under ReviewFoot Locker 5 4 Earnings turnaround. Oct. period $1.13 vs. year ago 95¢.

Our estimate was $1.10. $5.21Gentex Corp. 2 1 Dynamism of the ranking system.Guess?, Inc. 4 3 Surprise factor, greater than average gain. Oct. period 22¢ vs. year ago 13¢.

Our estimate was 18¢. 1.47Hibbett Sports (B) 4 3 Surprise factor, earnings turnaround. Oct. period 32¢ vs. year ago 14¢.

Our estimate was 15¢. Under ReviewMeritage Homes 2 1 Dynamism of the ranking system.Teradyne Inc. 2 1 Dynamism of the ranking system.

Accenture Plc 1 2 Dynamism of the ranking system.Alleghany Corp. 1 2 Dynamism of the ranking system. (A)Bank of Nova Scotia 2 3 Flat year-to year comparison. Oct. quarter $1.77 vs. year ago $1.77.

Our estimate was $1.82. $7.32Cintas Corp. 1 2 Dynamism of the ranking system.Elbit Systems 2 3 Surprise factor, earnings reversal. Sept. quarter $1.33 vs. year ago $1.63.

Our estimate was $1.70. (A)Expedia Group 1 2 Dynamism of the ranking system.Imperial Oil Ltd. 1 2 Dynamism of the ranking system.MTS Systems (B) 2 3 Surprise factor, earnings reversal. Sept. quarter 25¢ vs. year ago 56¢.

Our estimate was 38¢. Under Review

Page 24 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Noteworthy Rank ChangesListed below are some of the stocks whose Timeliness ranks have changed this week. We include mostly rank changes caused by fundamentals such as new earnings

reports. Even when a significant change in earnings momentum has been forecast, the stock’s rank will not be affected until the actual results, confirming that forecast, arereported. In most cases, we omit stocks that have been bumped up or down in rank by the dynamism of the ranking system.

INDUSTRIES, IN ORDER OF TIMELINESS RANK*Arrow (▲▼) before name indicates that a significant change in Rank has occurred since the preceding week.

*Based on the TimelinessTM ranks of the stocks in the industry

STOCKS MOVING UP IN TIMELINESS RANKEarnings Est.

Old New 12 months toStock Name Rank Rank Reason for Change 6-30-20

STOCKS MOVING DOWN IN TIMELINESS RANKEarnings Est.

Old New 12 months toStock Name Rank Rank Reason for Change 6-30-20

Page 25: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

Veeva Systems 2 3 Decreasing profit growth. Oct. period 52¢ vs. year ago 45¢.Our estimate was 55¢. (A)

VMware, Inc. 3 4 Earnings reversal. Oct. period $1.49 vs. year ago $1.56.Our estimate was $1.43. Under Review

(A) New full-page report in this week’s Ratings & Reports.(B) Supplementary report in this week’s Ratings & Reports.

Water Utility (INDUSTRY RANK 1)1789 Amer. States Water 84.91 1 2 1 0.65 40.8 1.4 N- N%1790 Amer. Water Works 119.31 1 3 2 0.55 32.3 1.8 N- N%1791 Aqua America 43.66 2 2 1 0.65 29.9 2.2 N- 25%1792 California Water 50.26 2 3 2 0.70 30.3 1.6 N- 10%1797 York Water Co. (The) 43.60 1 3 2 0.70 37.9 1.7 N- 5%

Precious Metals (INDUSTRY RANK 2)1571 Agnico Eagle Mines 58.15 1 3 2 0.45 45.1 1.2 10- 65%1573 Barrick Gold 16.43 1 4 2 0.55 26.9 1.2 N- 50%1574 Franco-Nevada Corp. 96.92 1 3 2 0.55 51.6 1.0 N- 30%1575 Kinross Gold 4.19 2 5 3 0.60 11.3 NIL 45-185%1576 Newmont Goldcorp 37.76 2 3 2 0.70 21.6 1.5 N- 20%1577 Pan Amer. Silver 18.32 2 4 2 0.85 33.3 0.8 N- 65%1579 Royal Gold 115.34 2 3 2 0.80 56.3 1.0 20- 80%1580 Wheaton Precious Met. 26.95 2 3 2 0.80 36.4 1.3 N- 30%

IT Services (INDUSTRY RANK 3)2615 Accenture Plc 198.36 2 1 3 1.05 26.1 1.6 N- 10%2616 Amdocs Ltd. 69.09 1 1 3 0.80 19.1 1.7 N- 25%2617 Automatic Data Proc. 170.20 1 1 3 1.00 28.4 2.1 5- 25%2618 CACI Int’l 239.27 2 3 3 0.95 19.8 NIL N- 35%2619 CDW Corp. 138.02 1 3 4 1.05 30.0 1.1 N- N%2620 CSG Systems Int’l 56.67 1 3 3 0.90 23.3 1.6 N- 5%2624 Fair Isaac 365.32 2 3 4 1.10 58.8 NIL N- 5%2625 Fiserv Inc. 114.74 1 2 3 0.90 31.8 NIL N- 10%2626 Henry (Jack) & Assoc. 150.57 2 1 3 0.85 35.9 1.1 N- N%2629 ManTech Int’l ‘A’ 78.54 2 3 3 1.00 32.1 1.4 N- 20%2630 Paychex, Inc. 84.86 1 1 2 1.00 26.7 3.1 5- 30%2631 SEI Investments 63.72 1 2 3 1.25 18.2 1.1 25- 65%2633 Tyler Technologies 289.33 1 3 3 0.90 52.0 NIL N- 40%

Insurance (Prop/Cas.) (INDUSTRY RANK 4)754 Alleghany Corp. 779.56 2 1 3 0.95 19.0 NIL N- 20%755 Allstate Corp. 110.64 2 1 3 0.80 10.1 1.8 45- 80%756 Amer. Financial Group 107.83 2 2 2 0.90 12.2 1.7 N- 35%757 Arch Capital Group 41.20 1 1 2 0.80 14.3 NIL N- 20%758 Berkley (W.R.) 68.16 1 1 2 0.85 22.6 0.6 N- 10%759 Berkshire Hathaway ‘B’ 219.06 2 1 3 0.95 19.8 NIL N- 20%761 Chubb Ltd. 149.97 2 1 2 0.85 13.5 2.0 25- 55%762 Cincinnati Financial 105.94 1 2 1 0.85 25.2 2.1 N- 5%764 First American Fin’l 62.91 2 2 2 0.90 11.4 2.7 10- 50%765 Hanover Insurance 133.62 2 2 2 0.85 15.0 1.8 N- 15%768 NMI Holdings 33.36 2 3 3 1.10 11.9 NIL 5- 65%770 Progressive Corp. 71.50 2 2 2 0.85 13.3 0.6 35- 80%771 RLI Corp. 98.32 1 3 3 0.85 39.8 0.9 N- 15%

Environmental (INDUSTRY RANK 5)409 Clean Harbors 82.85 2 3 3 1.20 42.9 NIL N- 20%411 Republic Services 87.06 2 2 3 0.75 25.7 1.9 5- 40%413 Tetra Tech 86.90 2 3 2 1.05 25.3 0.7 N- 10%415 Waste Connections 89.44 2 2 2 0.80 38.7 0.8 N- 40%416 Waste Management 110.31 2 1 1 0.75 24.5 1.9 N- 20%

Information Services (INDUSTRY RANK 6)434 CoStar Group 608.15 2 3 3 1.05 58.8 NIL 10- 65%435 Equifax, Inc. 138.84 2 3 2 1.00 23.9 1.1 20- 85%436 FactSet Research 260.89 2 2 3 1.00 29.0 1.1 N- 25%439 IHS Markit 72.23 1 3 2 1.05 26.9 NIL 10- 75%440 MSCI Inc. 264.01 2 3 3 1.00 39.2 1.1 N- 20%441 Moody’s Corp. 225.74 2 3 3 1.10 26.8 0.9 N- 50%443 S&P Global 265.85 1 2 3 1.05 26.7 0.9 N- 25%445 TransUnion 84.85 2 3 3 1.00 29.0 0.4 N- 55%

Homebuilding (INDUSTRY RANK 7)1126 Horton D.R. 54.82 2 3 2 1.05 12.9 1.3 N- 30%1128 Lennar Corp. 59.43 2 3 1 1.10 10.5 0.3 N- 50%1130 Meritage Homes 67.10 1 3 1 1.20 10.9 NIL 10- 65%1131 NVR, Inc. 3720.88 1 2 1 0.80 16.4 NIL N- 10%

Med Supp Invasive (INDUSTRY RANK 8)172 Becton, Dickinson 253.86 2 1 2 0.90 20.7 1.2 15- 45%173 Boston Scientific 42.85 2 3 3 0.90 35.4 NIL 15- 65%174 Catalent, Inc. 52.85 2 3 3 1.05 50.3 NIL 5- 50%175 CONMED Corp. 116.55 2 3 3 0.90 72.4 0.7 N- 25%177 Dentsply Sirona 57.66 2 3 2 0.90 22.4 0.6 N- 45%178 Edwards Lifesciences 244.75 1 3 3 0.95 40.8 NIL N- 40%180 Globus Medical 56.33 2 3 3 0.85 32.4 NIL N- 25%183 Integra LifeSciences 60.76 1 3 3 0.85 21.5 NIL 5- 55%184 Intuitive Surgical 581.50 2 2 3 1.00 46.3 NIL N- 40%185 Medtronic plc 111.78 1 1 3 0.85 19.8 1.9 15- 40%190 STERIS plc 151.50 1 2 3 1.00 26.5 1.0 N- 35%191 Stryker Corp. 203.10 1 1 2 0.90 23.7 1.0 5- 30%194 Teleflex Inc. 348.36 2 2 3 0.95 44.7 0.4 N- 35%197 Zimmer Biomet Hldgs. 145.08 2 2 3 0.95 17.8 0.7 N- 20%

Retail/Wholesale Food (INDUSTRY RANK 9)1946 Casey’s Gen’l Stores 173.46 1 3 3 0.75 29.2 0.8 N- 5%1947 Chefs’ Warehouse 34.86 2 3 3 1.00 32.6 NIL N- 45%1949 Empire Company Ltd. 35.09 1 3 2 0.50 20.5 1.4 N- 30%1953 Loblaw Cos. Ltd. 71.01 2 2 2 0.55 21.8 1.8 15- 50%1954 Metro Inc. 57.58 1 2 2 0.55 18.8 1.4 N- 20%1955 Performance Food 47.12 1 3 3 0.90 23.6 NIL N- 50%1958 Sysco Corp. 79.82 1 1 2 0.70 21.3 2.3 N- 25%1959 US Foods Hldg. 39.20 2 3 2 0.80 15.6 NIL 40-105%1963 Weston (George) 106.66 1 2 1 0.60 14.2 2.0 10- 50%

Industrial Services (INDUSTRY RANK 10)377 ABM Industries Inc. 38.32 2 3 3 0.90 18.1 1.9 30- 95%378 Booz Allen Hamilton 72.46 2 3 3 0.95 22.4 1.5 N- 40%379 Brink’s (The) Co. 92.48 2 3 3 1.15 21.7 0.6 N- 45%380 Brookfield Asset Mgmt. 57.52 1 3 3 1.10 26.5 1.1 5- 55%383 Cintas Corp. 250.87 2 2 2 1.00 29.3 1.0 N- 20%384 EMCOR Group 89.19 2 3 2 1.10 15.3 0.4 N- 45%386 FTI Consulting 107.40 1 3 2 0.90 19.4 NIL N- 15%388 Genpact Limited 40.44 2 2 3 0.85 18.6 0.8 35- 75%392 Huron Consulting 66.66 2 3 3 0.95 24.8 NIL N- 20%395 Leidos Hldgs. 90.03 2 2 3 1.00 17.1 1.5 N- 35%397 MAXIMUS Inc. 75.48 2 3 2 1.00 18.8 1.5 25- 85%400 Ritchie Brothers 42.42 1 3 3 0.85 31.0 1.9 N- 40%402 Science Applications 82.91 2 3 2 1.00 14.1 1.8 40-110%405 TTEC Holdings 46.35 2 3 2 1.10 21.1 1.4 10- 60%406 UniFirst Corp. 206.39 1 2 2 1.00 24.6 0.5 N- 35%

Computer Software (INDUSTRY RANK 11)2586 Adobe Inc. 305.28 2 2 4 1.10 46.3 NIL 30- 75%2587 ANSYS, Inc. 249.42 1 2 3 1.05 39.3 NIL N- 5%2589 Cadence Design Sys. 68.17 2 3 3 1.05 30.6 NIL N- 30%2590 Citrix Sys. 114.04 2 3 5 1.10 19.2 1.2 5- 60%2595 Intuit Inc. 257.07 2 2 3 1.10 33.8 0.8 15- 55%2597 Microsoft Corp. 151.23 1 1 4 1.10 28.1 1.3 10- 35%2599 Okta, Inc. 128.62 2 3 3 1.00 NMF NIL N- 10%2603 Paycom Software 267.24 2 3 4 1.30 71.1 NIL N- 5%2604 SAP SE 135.74 2 2 3 1.00 31.6 1.2 10- 45%2609 Synopsys, Inc. 138.19 1 1 3 1.05 27.5 NIL N- 10%

Retail Automotive (INDUSTRY RANK 12)2119 Asbury Automotive 111.14 2 3 3 1.25 11.9 NIL N- 30%2121 AutoZone Inc. 1167.95 2 3 3 0.80 18.5 NIL N- 30%2123 CarMax, Inc. 97.83 2 3 3 1.15 18.1 NIL N- 55%2124 Copart, Inc. 89.94 1 2 3 0.95 33.9 NIL N- 5%2125 Group 1 Automotive 104.89 2 3 2 1.30 9.8 1.1 N- 40%2129 O’Reilly Automotive 438.00 2 3 3 0.90 23.1 NIL N- 35%2132 Sonic Automotive 33.40 2 3 3 1.30 13.7 1.2 N- 20%

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 25

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

TIMELY STOCKS IN TIMELY INDUSTRIESR A N K S Est’d. R A N K S Est’d.

Recent Price Technical Current % 3-5 Year Recent Price Technical Current % 3-5 YearPage Industry Safety P/E Est’d Price Page Industry Safety P/E Est’d PriceNo. (Industry Rank) Timeliness Beta Ratio Yield Apprec. No. (Industry Rank) Timeliness Beta Ratio Yield Apprec.

▼ ▼ ▼ ▼ ▼ ▼

STOCKS MOVING DOWN IN TIMELINESS RANKEarnings Est.

Old New 12 months toStock Name Rank Rank Reason for Change 6-30-20

Page 26: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

Financial Svcs. (Div.) (INDUSTRY RANK 13)2541 Amer. Express 120.60 2 1 2 1.05 14.1 1.4 10- 35%2543 Ameriprise Fin’l 161.78 2 3 3 1.40 10.5 2.4 5- 60%2544 Aon plc 200.48 2 1 3 0.90 20.5 0.9 N- 25%2548 Brown & Brown 37.96 1 1 3 0.85 24.8 0.9 N- 5%2551 Credit Acceptance 430.37 2 3 2 1.00 12.2 NIL 30- 95%2552 Discover Fin’l Svcs. 85.18 2 2 3 1.15 9.2 2.1 35- 80%2554 Federated Investors 33.74 2 3 3 0.95 13.0 3.2 35- 95%2555 Fidelity Nat’l Fin’l 47.73 1 2 3 0.85 12.6 2.8 25- 70%2558 FleetCor Technologies 299.52 1 3 3 1.20 23.9 NIL 5- 60%2562 Hartford Fin’l Svcs. 61.85 1 2 3 0.90 12.2 2.0 N- 30%2571 MasterCard Inc. 287.61 2 1 3 1.00 37.8 0.5 N- 5%2573 PayPal Holdings 104.45 2 3 2 1.15 47.0 NIL N- 50%2574 Price (T. Rowe) Group 122.58 2 1 3 1.15 15.1 2.6 15- 45%2577 Santander Consumer 23.47 1 3 1 1.10 2.9 3.7 30-115%2578 Sun Life Fin’l Svcs. 61.43 2 2 3 0.90 11.8 3.6 N- 30%2579 Synchrony Financial 37.33 2 3 3 1.15 7.8 2.4 35-100%2580 Visa Inc. 180.97 2 1 3 1.00 29.2 0.7 20- 50%2583 WEX Inc. 201.58 2 3 3 1.35 20.2 NIL N- 25%

Thrift (INDUSTRY RANK 14)1506 Northwest Bancshares 16.76 2 2 3 0.85 15.0 4.5 15- 50%1507 People’s United Fin’l 16.48 2 2 3 1.05 12.1 4.3 20- 80%1509 Washington Federal 36.96 2 2 3 1.00 13.8 2.3 10- 50%

Retail Building Supply (INDUSTRY RANK 15)1137 Fastenal Co. 36.07 2 2 2 1.10 25.8 2.4 N- 10%1138 Floor & Decor Hldgs. 46.44 2 3 3 1.35 40.0 NIL 40-105%1142 Sherwin-Williams 580.01 1 2 2 1.05 25.6 0.9 N- 20%1143 Tractor Supply 95.71 2 3 3 1.05 19.2 1.5 15- 70%

Pipeline MLPs (INDUSTRY RANK 16)623 EQM Midstream Part. 23.55 2 3 1 1.15 4.7 19.7 50-135%627 Holly Energy Part. 22.37 1 3 3 0.95 12.2 12.0 35-100%628 MPLX LP 23.98 1 3 3 1.35 9.6 11.3 65-150%631 Phillips 66 Partners 56.56 1 3 2 0.95 12.5 6.1 35- 95%633 Plains GP Holdings L.P. 18.18 2 4 3 1.50 11.0 7.9 65-150%638 Western Midstream 18.36 2 3 2 1.45 12.7 13.5 90-170%

Electric Utility (East) (INDUSTRY RANK 17)138 Dominion Energy 83.23 2 2 2 0.55 18.5 4.5 N- 25%139 Duke Energy 87.60 1 2 1 0.50 17.2 4.4 N- 20%145 Public Serv. Enterprise 59.56 2 1 1 0.65 18.6 3.3 N- 10%

Medical Services (INDUSTRY RANK 18)791 Amedisys, Inc. 163.29 2 3 3 1.10 33.8 NIL N- 15%795 Cigna Corp. 203.87 2 3 5 1.00 11.4 NIL 30- 90%797 DaVita Inc. 73.39 2 3 4 1.05 13.3 NIL 25- 85%798 Encompass Health 71.78 2 3 3 1.05 17.3 1.6 10- 60%799 Exact Sciences 81.72 2 4 2 1.05 NMF NIL 15- 90%802 Humana Inc. 344.82 2 3 5 0.90 19.0 0.7 N- 50%803 ICON plc 159.65 2 3 3 0.85 22.0 NIL N- 40%804 IQVIA Holdings 146.49 2 3 3 0.95 21.4 NIL 10- 65%805 Laboratory Corp. 172.78 2 1 2 0.95 14.8 NIL 20- 50%807 Medpace Holdings 76.26 2 3 3 1.25 25.8 NIL N- 50%809 PRA Health Sciences 106.95 2 3 3 1.15 19.8 NIL 10- 70%810 Quest Diagnostics 106.53 2 2 3 0.95 16.1 2.0 10- 45%812 Syneos Health 54.80 2 4 2 1.30 16.0 NIL 30-110%815 UnitedHealth Group 282.67 2 1 5 1.00 17.9 1.5 10- 35%816 Universal Health ‘B’ 141.32 2 3 2 0.95 13.8 0.6 25- 85%

Brokers & Exchanges (INDUSTRY RANK 19)1800 Cboe Global Markets 123.76 2 2 3 0.65 32.0 1.2 15- 55%1801 CME Group 206.80 2 2 2 0.65 37.7 1.5 N- N%1804 Intercontinental Exch. 94.32 1 2 2 0.80 23.1 1.2 N- 40%1805 LPL Financial Hldgs. 91.65 2 3 4 1.10 12.4 1.1 40-120%1806 MarketAxess Holdings 397.18 2 3 3 0.75 71.3 0.5 N- N%

Cable TV (INDUSTRY RANK 20)1017 Altice USA 25.60 1 3 2 1.25 31.6 NIL N- 35%1018 Cable One 1536.68 2 2 3 0.75 47.1 0.6 N- 10%1021 Comcast Corp. 43.35 1 2 1 0.90 13.4 1.9 60-120%

Med Supp Non-Invasive (INDUSTRY RANK 21)199 Abbott Labs. 84.49 2 1 3 1.05 24.6 1.5 5- 30%201 AmerisourceBergen 90.64 2 3 2 1.00 12.2 1.9 30-100%203 Bio-Rad Labs. ‘A’ 368.83 2 2 3 0.95 46.5 NIL N- N%206 Charles River 144.80 2 3 3 1.10 26.8 NIL N- 30%207 Cooper Cos. 312.42 2 2 3 0.90 29.1 NIL N- 35%209 DexCom Inc. 226.79 2 4 4 0.95 NMF NIL N- 30%211 Haemonetics Corp. 120.26 1 3 2 0.80 36.6 NIL 5- 60%212 Hill-Rom Hldgs. 105.40 2 3 3 0.95 19.7 0.8 N- 45%214 IDEXX Labs. 251.87 2 3 2 0.90 49.4 NIL 5- 60%218 Johnson & Johnson 137.18 2 1 5 0.80 18.6 2.8 40- 70%224 NovoCure Limited 92.74 2 4 3 1.25 NMF NIL N- 45%227 ResMed Inc. 146.31 2 3 3 0.85 36.6 1.1 N- 15%229 West Pharmac. Svcs. 146.18 1 2 3 0.90 46.1 0.4 N- 35%

R.E.I.T. (INDUSTRY RANK 22)1512 Amer. Homes 4 Rent 26.50 2 3 2 0.70 NMF 0.8 N- 50%1517 Camden Property Trust 109.59 2 3 1 0.70 59.2 2.9 N- 30%1521 Duke Realty Corp. 34.51 2 3 2 0.80 76.7 2.7 N- 45%1522 Equinix, Inc. 553.85 2 3 1 0.85 80.0 1.9 N- 30%1523 Equity Residential 84.52 1 2 1 0.75 49.1 2.8 N- 20%1524 Essex Property Trust 310.24 2 3 1 0.70 58.8 2.6 N- 35%1526 Federal Rlty. Inv. Trust 130.37 2 1 1 0.75 40.0 3.2 30- 60%1537 Mid-America Apartment 134.16 1 2 2 0.70 57.3 2.9 N- 10%1540 Prologis 90.86 2 2 3 1.00 31.9 2.5 N- 15%1542 Realty Income Corp. 76.30 2 2 2 0.65 54.5 3.6 N- 30%1549 UDR, Inc. 47.54 2 3 1 0.75 NMF 2.9 N- 35%1554 Washington R.E.I.T. 30.74 2 2 3 0.85 50.4 3.9 N- 30%1556 Welltower Inc. 83.19 2 3 1 0.65 22.2 4.3 N- 30%

Railroad (INDUSTRY RANK 23)340 Can. National Railway 90.91 2 2 3 1.05 19.1 2.4 10- 50%341 Can. Pacific Railway 239.39 2 3 3 1.15 18.0 1.1 10- 65%345 Kansas City South’n 154.02 2 3 3 1.10 21.0 1.0 N- 45%

Telecom. Utility (INDUSTRY RANK 24)1028 BCE Inc. 47.90 1 2 2 0.70 17.1 5.1 N- 25%

Toiletries/Cosmetics (INDUSTRY RANK 25)1008 e.l.f. Beauty 16.47 2 4 2 1.65 45.8 NIL N- 20%1009 Helen of Troy Ltd. 159.23 1 3 2 0.95 18.0 NIL N- 5%1010 Inter Parfums 69.05 2 3 3 1.00 34.4 1.9 N- 50%1011 Lauder (Estee) 194.70 1 2 3 0.85 32.7 1.0 N- 15%

Electric Util. (Central) (INDUSTRY RANK 26)903 Alliant Energy 52.75 2 2 2 0.60 22.3 2.7 N- N%912 MGE Energy 77.15 2 1 3 0.55 28.8 1.9 N- N%913 OGE Energy 42.00 2 2 1 0.75 19.0 3.8 N- 30%

Furn/Home Furnishings (INDUSTRY RANK 27)1151 Kimball Int’l 21.63 2 3 3 1.05 17.3 1.7 15- 60%1153 Leggett & Platt 52.83 2 2 3 1.05 19.8 3.0 25- 60%1155 Miller (Herman) 48.34 1 3 3 1.20 14.6 1.7 5- 55%1157 RH 202.14 2 4 2 1.15 18.3 NIL 5- 75%1159 Tempur Sealy Int’l 85.15 2 4 1 1.30 27.9 NIL N- 30%

Electric Utility (West) (INDUSTRY RANK 28)2222 PNM Resources 48.35 2 3 1 0.60 21.6 2.5 N- 15%2224 Portland General 55.31 2 2 1 0.55 21.3 2.9 N- 10%

Household Products (INDUSTRY RANK 29)1187 Colgate-Palmolive 66.98 2 1 2 0.75 22.9 2.6 5- 25%1190 Kimberly-Clark 133.35 2 1 2 0.70 19.3 3.1 25- 55%1192 Procter & Gamble 120.51 1 1 2 0.70 24.6 2.5 N- 10%1193 Scotts Miracle-Gro 99.96 2 3 1 0.95 19.6 2.3 N- 20%

Food Processing (INDUSTRY RANK 30)1913 Freshpet, Inc. 53.98 2 4 3 1.15 NMF NIL N- N%1917 Hershey Co. 146.08 1 2 2 0.65 25.1 2.2 N- 25%1919 Hostess Brands 13.55 2 3 2 0.75 19.9 NIL 35- 85%1921 J&J Snack Foods 186.72 1 1 2 0.70 34.1 1.2 N- 25%1924 Lamb Weston Holdings 83.43 2 3 3 0.65 23.8 1.0 10- 60%1925 Lancaster Colony 158.64 2 2 4 0.70 27.4 1.8 N- 20%1929 Mondelez Int’l 52.04 2 2 2 0.95 20.6 2.2 15- 55%1932 Pilgrim’s Pride Corp. 31.41 1 3 3 0.85 14.5 NIL 10- 60%1934 Sanderson Farms 166.41 2 3 3 0.75 20.6 0.8 N- 20%1935 Saputo Inc. 39.56 2 1 4 0.55 22.5 1.7 15- 40%1939 Tootsie Roll 34.56 2 1 3 0.70 34.6 1.1 N- 45%1941 Tyson Foods ‘A’ 88.63 2 3 3 0.75 14.9 1.9 N- 60%

Building Materials (INDUSTRY RANK 31)1105 Armstrong World Inds. 94.66 2 3 2 1.15 20.4 0.8 N- 30%1112 HD Supply Holdings 39.77 2 3 4 1.25 10.3 NIL 40-115%1114 Martin Marietta 261.75 2 3 2 1.10 27.2 0.8 N- 30%1120 TopBuild Corp. 109.98 2 3 2 1.15 20.9 NIL N- 20%1123 Vulcan Materials 140.29 1 3 1 1.15 25.7 0.9 N- 50%

Page 26 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

TIMELY STOCKS IN TIMELY INDUSTRIESR A N K S Est’d. R A N K S Est’d.

Recent Price Technical Current % 3-5 Year Recent Price Technical Current % 3-5 YearPage Industry Safety P/E Est’d Price Page Industry Safety P/E Est’d PriceNo. (Industry Rank) Timeliness Beta Ratio Yield Apprec. No. (Industry Rank) Timeliness Beta Ratio Yield Apprec.

▼ ▼ ▼ ▼ ▼ ▼

Page 27: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1571 Agnico Eagle Mines ■ AEM 58.15 3 2 45.1 1.2 Precious Metals 21819 Akamai Technologies AKAM 87.74 3 2 29.6 NIL E-Commerce 541017 Altice USA ATUS 25.60 3 2 31.6 NIL Cable TV 202616 Amdocs Ltd. DOX 69.09 1 3 19.1 1.7 IT Services 31789 Amer. States Water AWR 84.91 2 1 40.8 1.4 Water Utility 1593 Amer. Tower ‘A’ AMT 209.71 2 2 49.9 2.1 Wireless Networking 50

1790 Amer. Water Works AWK 119.31 3 2 32.3 1.8 Water Utility 12587 ANSYS, Inc. ANSS 249.42 2 3 39.3 NIL Computer Software 11757 Arch Capital Group ACGL 41.20 1 2 14.3 NIL Insurance (Prop/Cas.) 4

1586 Arconic Inc. ARNC 30.96 3 4 14.5 0.3 Metals & Mining (Div.) 81943 AudioCodes Ltd. AUDC 22.96 4 3 25.8 1.0 Telecom. Equipment 39

2617 Automatic Data Proc. ADP 170.20 1 3 28.4 2.1 IT Services 31028 BCE Inc. BCE 47.90 2 2 17.1 5.1 Telecom. Utility 241573 Barrick Gold GOLD 16.43 4 2 26.9 1.2 Precious Metals 2758 Berkley (W.R.) WRB 68.16 1 2 22.6 0.6 Insurance (Prop/Cas.) 4

1999 Bright Horizons Family BFAM 150.73 2 3 40.2 NIL Educational Services 33380 Brookfield Asset Mgmt. BAM 57.52 3 3 26.5 1.1 Industrial Services 10

2548 Brown & Brown BRO 37.96 1 3 24.8 0.9 Financial Svcs. (Div.) 132619 CDW Corp. CDW 138.02 3 4 30.0 1.1 IT Services 32620 CSG Systems Int’l CSGS 56.67 3 3 23.3 1.6 IT Services 3967 CVS Health ■ CVS 76.58 1 4 10.8 2.6 Pharmacy Services 75565 Cabot Microelectr’s CCMP 134.98 3 2 18.5 1.3 Chemical (Specialty) 66

1749 Carlisle Cos. CSL 158.72 2 3 18.5 1.3 Diversified Co. 521946 Casey’s Gen’l Stores CASY 173.46 3 3 29.2 0.8 Retail/Wholesale Food 91750 Chemed Corp. CHE 429.17 2 3 29.3 0.3 Diversified Co. 52762 Cincinnati Financial CINF 105.94 2 1 25.2 2.1 Insurance (Prop/Cas.) 4

1021 Comcast Corp. CMCSA 43.35 2 1 13.4 1.9 Cable TV 202124 Copart, Inc. CPRT 89.94 2 3 33.9 NIL Retail Automotive 122139 Costco Wholesale COST 299.05 1 2 35.2 0.9 Retail Store 35597 Crown Castle Int’l CCI 131.39 3 1 62.0 3.7 Wireless Networking 50

1974 Diageo plc DEO 162.51 1 2 23.6 2.2 Beverage 482406 Diamondback Energy FANG 77.13 3 4 10.0 1.0 Petroleum (Producing) 942141 Dollar General DG 159.92 3 1 23.2 0.8 Retail Store 352420 Dril-Quip, Inc. DRQ 43.99 3 2 NMF NIL Oilfield Svcs/Equip. 95139 Duke Energy DUK 87.60 2 1 17.2 4.4 Electric Utility (East) 17567 Ecolab Inc. ECL 182.06 1 2 29.4 1.0 Chemical (Specialty) 66178 Edwards Lifesciences EW 244.75 3 3 40.8 NIL Med Supp Invasive 8

1949 Empire Company Ltd. EMPA.TO 35.09 3 2 20.5 1.4 Retail/Wholesale Food 91523 Equity Residential EQR 84.52 2 1 49.1 2.8 R.E.I.T. 22386 FTI Consulting FCN 107.40 3 2 19.4 NIL Industrial Services 10

2555 Fidelity Nat’l Fin’l FNF 47.73 2 3 12.6 2.8 Financial Svcs. (Div.) 132625 Fiserv Inc. FISV 114.74 2 3 31.8 NIL IT Services 32558 FleetCor Technologies FLT 299.52 3 3 23.9 NIL Financial Svcs. (Div.) 131574 Franco-Nevada Corp. FNV 96.92 3 2 51.6 1.0 Precious Metals 2985 Gentex Corp. ■ GNTX 28.54 3 3 16.4 1.6 Auto Parts 87

1628 GlaxoSmithKline ADR GSK 44.48 1 3 18.4 4.2 Drug 61211 Haemonetics Corp. HAE 120.26 3 2 36.6 NIL Med Supp Non-Invasive 21

2562 Hartford Fin’l Svcs. HIG 61.85 2 3 12.2 2.0 Financial Svcs. (Div.) 131009 Helen of Troy Ltd. HELE 159.23 3 2 18.0 NIL Toiletries/Cosmetics 251917 Hershey Co. HSY 146.08 2 2 25.1 2.2 Food Processing 30

627 Holly Energy Part. HEP 22.37 3 3 12.2 12.0 Pipeline MLPs 16439 IHS Markit INFO 72.23 3 2 26.9 NIL Information Services 6183 Integra LifeSciences IART 60.76 3 3 21.5 NIL Med Supp Invasive 8

1804 Intercontinental Exch. ICE 94.32 2 2 23.1 1.2 Brokers & Exchanges 191921 J&J Snack Foods JJSF 186.72 1 2 34.1 1.2 Food Processing 301011 Lauder (Estee) EL 194.70 2 3 32.7 1.0 Toiletries/Cosmetics 25538 MDU Resources MDU 28.99 2 3 17.8 2.8 Natural Gas (Div.) 93628 MPLX LP MPLX 23.98 3 3 9.6 11.3 Pipeline MLPs 16512 Marathon Petroleum MPC 62.43 3 3 11.5 3.4 Petroleum (Integrated) 42185 Medtronic plc MDT 111.78 1 3 19.8 1.9 Med Supp Invasive 8

1130 Meritage Homes ■ MTH 67.10 3 1 10.9 NIL Homebuilding 71954 Metro Inc. MRU.TO 57.58 2 2 18.8 1.4 Retail/Wholesale Food 92597 Microsoft Corp. MSFT 151.23 1 4 28.1 1.3 Computer Software 111537 Mid-America Apartment MAA 134.16 2 2 57.3 2.9 R.E.I.T. 221155 Miller (Herman) MLHR 48.34 3 3 14.6 1.7 Furn/Home Furnishings 27957 Motorola Solutions MSI 165.72 2 2 20.4 1.5 Telecom. Equipment 39

1131 NVR, Inc. NVR 3720.88 2 1 16.4 NIL Homebuilding 7539 National Fuel Gas NFG 45.74 3 4 13.9 3.8 Natural Gas (Div.) 93

1218 Ormat Technologies ORA 77.01 3 2 36.2 0.6 Power 41516 Par Pacific Holdings PARR 25.38 3 3 21.9 NIL Petroleum (Integrated) 42

2630 Paychex, Inc. PAYX 84.86 1 2 26.7 3.1 IT Services 31955 Performance Food PFGC 47.12 3 3 23.6 NIL Retail/Wholesale Food 9631 Phillips 66 Partners PSXP 56.56 3 2 12.5 6.1 Pipeline MLPs 16

1932 Pilgrim’s Pride Corp. PPC 31.41 3 3 14.5 NIL Food Processing 302317 Pool Corp. POOL 205.30 2 2 31.0 1.1 Recreation 601192 Procter & Gamble PG 120.51 1 2 24.6 2.5 Household Products 29771 RLI Corp. RLI 98.32 3 3 39.8 0.9 Insurance (Prop/Cas.) 4586 RPM Int’l RPM 73.78 3 3 21.7 2.0 Chemical (Specialty) 66

2025 RenaissanceRe Hldgs. RNR 184.28 2 2 13.1 0.7 Reinsurance 34400 Ritchie Brothers RBA 42.42 3 3 31.0 1.9 Industrial Services 10443 S&P Global SPGI 265.85 2 3 26.7 0.9 Information Services 6

2631 SEI Investments SEIC 63.72 2 3 18.2 1.1 IT Services 32577 Santander Consumer SC 23.47 3 1 2.9 3.7 Financial Svcs. (Div.) 131142 Sherwin-Williams SHW 580.01 2 2 25.6 0.9 Retail Building Supply 15370 Starbucks Corp. SBUX 83.75 1 2 27.9 2.0 Restaurant 43190 STERIS plc STE 151.50 2 3 26.5 1.0 Med Supp Invasive 8191 Stryker Corp. SYK 203.10 1 2 23.7 1.0 Med Supp Invasive 8

2609 Synopsys, Inc. SNPS 138.19 1 3 27.5 NIL Computer Software 111958 Sysco Corp. SYY 79.82 1 2 21.3 2.3 Retail/Wholesale Food 92150 Target Corp. TGT 125.19 3 2 19.7 2.1 Retail Store 35722 Teledyne Technologies TDY 340.88 3 3 31.3 NIL Aerospace/Defense 45

1395 Teradyne Inc. ■ TER 63.59 3 2 22.8 0.6 Semiconductor Equip 49111 Toyota Motor ADR TM 142.54 2 3 9.3 2.9 Automotive 65

2633 Tyler Technologies TYL 289.33 3 3 52.0 NIL IT Services 3406 UniFirst Corp. UNF 206.39 2 2 24.6 0.5 Industrial Services 10

1123 Vulcan Materials VMC 140.29 3 1 25.7 0.9 Building Materials 31229 West Pharmac. Svcs. WST 146.18 2 3 46.1 0.4 Med Supp Non-Invasive 21

1963 Weston (George) WN.TO 106.66 2 1 14.2 2.0 Retail/Wholesale Food 91797 York Water Co. (The) YORW 43.60 3 2 37.9 1.7 Water Utility 11645 Zoetis Inc. ZTS 120.61 3 2 32.4 0.5 Drug 61

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 27

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Timely StocksStocks Ranked 1 (Highest) for Relative Price Performance (Next 12 Months)

■ Newly added this week.

R a n k s Current %Recent PricePage Technical P/E Est’d Industry

No. Stock Name Ticker Safety Ratio Yield Industry Group Rank▼ ▼ ▼

R a n k s Current %Recent PricePage Technical P/E Est’d Industry

No. Stock Name Ticker Safety Ratio Yield Industry Group Rank▼ ▼ ▼

Rank 1 Deletions:Accenture Plc; Alleghany Corp.; Cintas Corp.; Expedia Group; Imperial Oil Ltd.

Rank removed−see supplement or report:None.

Page 28: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

377 ABM Industries Inc. ABM 38.32 3 3 18.1 1.9 Industrial Services 10917 AT&T Inc. T 37.26 1 2 10.2 5.6 Telecom. Services 72

2134 Aaron’s Inc. AAN 57.21 3 1 14.2 0.3 Retail Store 35199 Abbott Labs. ABT 84.49 1 3 24.6 1.5 Med Supp Non-Invasive 21

2615 Accenture Plc ▼ ACN 198.36 1 3 26.1 1.6 IT Services 32586 Adobe Inc. ADBE 305.28 2 4 46.3 NIL Computer Software 111558 Aflac Inc. AFL 54.30 1 3 12.2 2.0 Insurance (Life) 371703 Albany Int’l ‘A’ AIN 86.29 3 3 26.2 0.8 Machinery 40754 Alleghany Corp. ▼ Y 779.56 1 3 19.0 NIL Insurance (Prop/Cas.) 4

1320 Allegion plc ▲ ALLE 119.81 3 3 22.5 0.9 Electronics 59903 Alliant Energy LNT 52.75 2 2 22.3 2.7 Electric Util. (Central) 26755 Allstate Corp. ALL 110.64 1 3 10.1 1.8 Insurance (Prop/Cas.) 4

2502 Ally Financial ALLY 32.32 3 3 8.2 2.1 Bank 461353 Ambarella, Inc. ▲ AMBA 58.03 4 3 NMF NIL Semiconductor 56791 Amedisys, Inc. AMED 163.29 3 3 33.8 NIL Medical Services 18

2541 Amer. Express AXP 120.60 1 2 14.1 1.4 Financial Svcs. (Div.) 13756 Amer. Financial Group AFG 107.83 2 2 12.2 1.7 Insurance (Prop/Cas.) 4

1512 Amer. Homes 4 Rent AMH 26.50 3 2 NMF 0.8 R.E.I.T. 222543 Ameriprise Fin’l AMP 161.78 3 3 10.5 2.4 Financial Svcs. (Div.) 13201 AmerisourceBergen ABC 90.64 3 2 12.2 1.9 Med Supp Non-Invasive 21

1744 AMETEK, Inc. AME 98.71 2 3 23.4 0.6 Diversified Co. 522544 Aon plc AON 200.48 1 3 20.5 0.9 Financial Svcs. (Div.) 131170 AptarGroup ATR 110.95 2 2 25.5 1.3 Packaging & Container 581791 Aqua America WTR 43.66 2 1 29.9 2.2 Water Utility 11105 Armstrong World Inds. AWI 94.66 3 2 20.4 0.8 Building Materials 312119 Asbury Automotive ABG 111.14 3 3 11.9 NIL Retail Automotive 122121 AutoZone Inc. AZO 1167.95 3 3 18.5 NIL Retail Automotive 12564 Balchem Corp. BCPC 100.88 3 2 37.9 0.5 Chemical (Specialty) 66

1171 Ball Corp. BLL 64.97 2 1 23.2 0.9 Packaging & Container 58172 Becton, Dickinson BDX 253.86 1 2 20.7 1.2 Med Supp Invasive 8759 Berkshire Hathaway ‘B’ ▲ BRKB 219.06 1 3 19.8 NIL Insurance (Prop/Cas.) 4203 Bio-Rad Labs. ‘A’ BIO 368.83 2 3 46.5 NIL Med Supp Non-Invasive 21

1822 Black Knight, Inc. BKI 61.84 3 3 30.6 NIL E-Commerce 542640 Booking Holdings BKNG 1897.54 3 2 17.5 NIL Internet 702153 Boot Barn Holdings BOOT 40.23 4 3 24.1 NIL Shoe 36378 Booz Allen Hamilton BAH 72.46 3 3 22.4 1.5 Industrial Services 10

1966 Boston Beer ‘A’ SAM 381.79 3 2 39.1 NIL Beverage 48173 Boston Scientific BSX 42.85 3 3 35.4 NIL Med Supp Invasive 8379 Brink’s (The) Co. BCO 92.48 3 3 21.7 0.6 Industrial Services 10

1748 Brookfield Infrastruc. BIP 52.64 2 3 59.8 3.8 Diversified Co. 52115 Bruker Corp. BRKR 50.75 3 3 29.9 0.3 Precision Instrument 47

2137 Burlington Stores BURL 208.26 3 3 27.1 NIL Retail Store 352618 CACI Int’l CACI 239.27 3 3 19.8 NIL IT Services 3708 CAE Inc. CAE.TO 35.50 3 3 24.0 1.2 Aerospace/Defense 45

1800 Cboe Global Markets CBOE 123.76 2 3 32.0 1.2 Brokers & Exchanges 191600 CF Industries CF 46.29 3 2 18.4 2.7 Chemical (Basic) 791801 CME Group CME 206.80 2 2 37.7 1.5 Brokers & Exchanges 191018 Cable One CABO 1536.68 2 3 47.1 0.6 Cable TV 202589 Cadence Design Sys. CDNS 68.17 3 3 30.6 NIL Computer Software 111792 California Water CWT 50.26 3 2 30.3 1.6 Water Utility 11517 Camden Property Trust CPT 109.59 3 1 59.2 2.9 R.E.I.T. 22340 Can. National Railway CNI 90.91 2 3 19.1 2.4 Railroad 23341 Can. Pacific Railway CP 239.39 3 3 18.0 1.1 Railroad 23

2123 CarMax, Inc. KMX 97.83 3 3 18.1 NIL Retail Automotive 12739 Carpenter Technology CRS 52.91 3 3 13.6 1.5 Steel 91174 Catalent, Inc. CTLT 52.85 3 3 50.3 NIL Med Supp Invasive 8820 Cerner Corp. CERN 70.68 2 2 24.5 1.0 Healthcare Information 78206 Charles River CRL 144.80 3 3 26.8 NIL Med Supp Non-Invasive 21

1947 Chefs’ Warehouse CHEF 34.86 3 3 32.6 NIL Retail/Wholesale Food 9355 Chipotle Mex. Grill CMG 786.51 3 2 50.7 NIL Restaurant 43761 Chubb Ltd. CB 149.97 1 2 13.5 2.0 Insurance (Prop/Cas.) 4946 Ciena Corp. CIEN 37.31 4 2 15.8 NIL Telecom. Equipment 39795 Cigna Corp. ▲ CI 203.87 3 5 11.4 NIL Medical Services 18

2373 Cimpress N.V. CMPR 129.98 3 2 52.0 NIL Publishing 82383 Cintas Corp. ▼ CTAS 250.87 2 2 29.3 1.0 Industrial Services 10

1357 Cirrus Logic CRUS 71.44 3 3 25.5 NIL Semiconductor 56947 Cisco Systems CSCO 45.45 1 3 13.6 3.1 Telecom. Equipment 39

2511 Citigroup Inc. C 75.68 3 3 9.2 2.8 Bank 462590 Citrix Sys. CTXS 114.04 3 5 19.2 1.2 Computer Software 11409 Clean Harbors CLH 82.85 3 3 42.9 NIL Environmental 5

1970 Coca-Cola Euro. Part. CCEP 50.17 3 1 16.8 2.7 Beverage 481187 Colgate-Palmolive CL 66.98 1 2 22.9 2.6 Household Products 292105 Columbia Sportswear COLM 91.00 3 2 18.6 1.1 Apparel 85741 Commercial Metals CMC 20.94 3 4 9.0 2.3 Steel 91175 CONMED Corp. CNMD 116.55 3 3 72.4 0.7 Med Supp Invasive 8207 Cooper Cos. COO 312.42 2 3 29.1 NIL Med Supp Non-Invasive 21434 CoStar Group CSGP 608.15 3 3 58.8 NIL Information Services 6

2551 Credit Acceptance CACC 430.37 3 2 12.2 NIL Financial Svcs. (Div.) 131709 Curtiss-Wright CW 137.85 3 3 19.1 0.5 Machinery 40357 Darden Restaurants DRI 115.66 3 3 17.5 3.1 Restaurant 43797 DaVita Inc. ■ DVA 73.39 3 4 13.3 NIL Medical Services 18307 Delta Air Lines DAL 56.35 3 3 7.7 3.1 Air Transport 71177 Dentsply Sirona XRAY 57.66 3 2 22.4 0.6 Med Supp Invasive 8209 DexCom Inc. DXCM 226.79 4 4 NMF NIL Med Supp Non-Invasive 21

1360 Diodes Inc. DIOD 46.37 3 3 15.9 NIL Semiconductor 56

2552 Discover Fin’l Svcs. DFS 85.18 2 3 9.2 2.1 Financial Svcs. (Div.) 13138 Dominion Energy D 83.23 2 2 18.5 4.5 Electric Utility (East) 17155 Douglas Dynamics PLOW 54.15 3 3 23.0 2.0 Heavy Truck & Equip 55

1711 Dover Corp. DOV 111.95 2 3 18.3 1.8 Machinery 401521 Duke Realty Corp. DRE 34.51 3 2 76.7 2.7 R.E.I.T. 22362 Dunkin’ Brands Group DNKN 75.17 3 2 23.4 2.2 Restaurant 43

1008 e.l.f. Beauty ELF 16.47 4 2 45.8 NIL Toiletries/Cosmetics 25623 EQM Midstream Part. EQM 23.55 3 1 4.7 19.7 Pipeline MLPs 16384 EMCOR Group EME 89.19 3 2 15.3 0.4 Industrial Services 10611 Enbridge Inc. ENB.TO 50.27 3 3 17.2 5.9 Oil/Gas Distribution 62798 Encompass Health EHC 71.78 3 3 17.3 1.6 Medical Services 18435 Equifax, Inc. EFX 138.84 3 2 23.9 1.1 Information Services 6

1522 Equinix, Inc. EQIX 553.85 3 1 80.0 1.9 R.E.I.T. 221524 Essex Property Trust ESS 310.24 3 1 58.8 2.6 R.E.I.T. 22799 Exact Sciences EXAS 81.72 4 2 NMF NIL Medical Services 18

2645 Expedia Group ▼ EXPE 98.43 3 1 18.5 1.4 Internet 702646 Facebook Inc. FB 199.79 3 3 20.9 NIL Internet 70436 FactSet Research FDS 260.89 2 3 29.0 1.1 Information Services 6

2624 Fair Isaac FICO 365.32 3 4 58.8 NIL IT Services 31137 Fastenal Co. FAST 36.07 2 2 25.8 2.4 Retail Building Supply 151526 Federal Rlty. Inv. Trust FRT 130.37 1 1 40.0 3.2 R.E.I.T. 22156 Federal Signal FSS 33.14 3 3 18.4 1.0 Heavy Truck & Equip 55

2554 Federated Investors FII 33.74 3 3 13.0 3.2 Financial Svcs. (Div.) 13103 Ferrari N.V. RACE 167.66 3 3 38.9 0.7 Automotive 65764 First American Fin’l FAF 62.91 2 2 11.4 2.7 Insurance (Prop/Cas.) 4

1138 Floor & Decor Hldgs. FND 46.44 3 3 40.0 NIL Retail Building Supply 151913 Freshpet, Inc. FRPT 53.98 4 3 NMF NIL Food Processing 301308 Garmin Ltd. GRMN 97.66 2 3 24.5 2.3 Electrical Equipment 64

711 Gen’l Dynamics GD 182.66 1 4 15.1 2.2 Aerospace/Defense 45388 Genpact Limited G 40.44 2 3 18.6 0.8 Industrial Services 10987 Genuine Parts GPC 103.98 1 3 18.1 2.9 Auto Parts 87742 Gibraltar Inds. ROCK 52.24 3 3 19.2 NIL Steel 91

1560 Globe Life Inc. GL 101.37 1 3 14.7 0.7 Insurance (Life) 37180 Globus Medical GMED 56.33 3 3 32.4 NIL Med Supp Invasive 8

2125 Group 1 Automotive GPI 104.89 3 2 9.8 1.1 Retail Automotive 121112 HD Supply Holdings HDS 39.77 3 4 10.3 NIL Building Materials 31765 Hanover Insurance ▲ THG 133.62 2 2 15.0 1.8 Insurance (Prop/Cas.) 4952 Harmonic, Inc. HLIT 8.24 4 4 25.8 NIL Telecom. Equipment 39712 HEICO Corp. HEI 128.67 3 3 53.0 0.1 Aerospace/Defense 45

2626 Henry (Jack) & Assoc. JKHY 150.57 1 3 35.9 1.1 IT Services 3508 Hess Corp. HES 64.75 3 2 NMF 1.5 Petroleum (Integrated) 42212 Hill-Rom Hldgs. HRC 105.40 3 3 19.7 0.8 Med Supp Non-Invasive 21

2354 Hilton Worldwide Hldgs. HLT 103.09 3 3 24.8 0.6 Hotel/Gaming 631985 Hitachi, Ltd. ADR HTHIY 77.05 3 2 10.1 2.5 Foreign Electronics 321126 Horton D.R. DHI 54.82 3 2 12.9 1.3 Homebuilding 71919 Hostess Brands TWNK 13.55 3 2 19.9 NIL Food Processing 301310 Hubbell Inc. ▲ HUBB 148.04 2 3 17.9 2.5 Electrical Equipment 64802 Humana Inc. HUM 344.82 3 5 19.0 0.7 Medical Services 18392 Huron Consulting HURN 66.66 3 3 24.8 NIL Industrial Services 10

2355 Hyatt Hotels ▲ H 79.79 3 3 45.9 1.0 Hotel/Gaming 632649 IAC/InterActiveCorp IAC 221.65 3 3 51.0 NIL Internet 70803 ICON plc ICLR 159.65 3 3 22.0 NIL Medical Services 18804 IQVIA Holdings IQV 146.49 3 3 21.4 NIL Medical Services 18

1761 ITT Inc. ITT 69.94 3 3 18.5 0.8 Diversified Co. 521716 IDEX Corp. IEX 160.93 2 3 26.6 1.2 Machinery 40214 IDEXX Labs. IDXX 251.87 3 2 49.4 NIL Med Supp Non-Invasive 21511 Imperial Oil Ltd. ▼ IMO 25.24 3 4 14.2 2.7 Petroleum (Integrated) 42574 Innospec Inc. IOSP 97.23 3 3 22.2 1.1 Chemical (Specialty) 66

1361 Inphi Corp. IPHI 71.70 4 2 40.5 NIL Semiconductor 561010 Inter Parfums IPAR 69.05 3 3 34.4 1.9 Toiletries/Cosmetics 252391 Interpublic Group IPG 22.27 3 4 12.6 4.6 Advertising 442595 Intuit Inc. ▲ INTU 257.07 2 3 33.8 0.8 Computer Software 11184 Intuitive Surgical ▲ ISRG 581.50 2 3 46.3 NIL Med Supp Invasive 8601 Itron Inc. ITRI 80.66 3 2 38.2 NIL Wireless Networking 50926 j2 Global JCOM 98.30 3 3 32.2 NIL Telecom. Services 72

1334 Jabil Inc. ▲ JBL 39.28 3 3 11.8 0.8 Electronics 59364 Jack in the Box JACK 78.05 3 1 16.3 2.2 Restaurant 43218 Johnson & Johnson JNJ 137.18 1 5 18.6 2.8 Med Supp Non-Invasive 21

1230 KBR, Inc. KBR 29.84 3 3 16.4 1.1 Engineering & Const 84122 KLA Corp. KLAC 163.35 3 2 16.7 2.1 Precision Instrument 47345 Kansas City South’n KSU 154.02 3 3 21.0 1.0 Railroad 23123 Keysight Technologies KEYS 106.30 3 3 22.1 NIL Precision Instrument 47

1151 Kimball Int’l KBAL 21.63 3 3 17.3 1.7 Furn/Home Furnishings 271190 Kimberly-Clark KMB 133.35 1 2 19.3 3.1 Household Products 291575 Kinross Gold KGC 4.19 5 3 11.3 NIL Precious Metals 21417 Knoll Inc. KNL 27.84 3 3 12.8 2.4 Office Equip/Supplies 92955 Knowles Corp. KN 21.98 3 2 17.9 NIL Telecom. Equipment 39990 LKQ Corp. LKQ 35.39 3 3 14.2 NIL Auto Parts 87

1805 LPL Financial Hldgs. LPLA 91.65 3 4 12.4 1.1 Brokers & Exchanges 19805 Laboratory Corp. LH 172.78 1 2 14.8 NIL Medical Services 18

2392 Lamar Advertising LAMR 83.12 3 3 21.5 4.8 Advertising 441924 Lamb Weston Holdings LW 83.43 3 3 23.8 1.0 Food Processing 301925 Lancaster Colony LANC 158.64 2 4 27.4 1.8 Food Processing 301153 Leggett & Platt ▲ LEG 52.83 2 3 19.8 3.0 Furn/Home Furnishings 27395 Leidos Hldgs. LDOS 90.03 2 3 17.1 1.5 Industrial Services 10

Page 28 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Continued from preceding page TIMELY STOCKSStocks Ranked 2 (Above Average) for Relative Price Performance in the Next 12 Months

R a n k s Current %Recent PricePage Technical P/E Est’d Industry

No. Stock Name Ticker Safety Ratio Yield Industry Group Rank▼ ▼ ▼

R a n k s Current %Recent PricePage Technical P/E Est’d Industry

No. Stock Name Ticker Safety Ratio Yield Industry Group Rank▼ ▼ ▼

▲ Arrow indicates the direction of a change in Timeliness. ■ Newly added this week.

Page 29: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1128 Lennar Corp. LEN 59.43 3 1 10.5 0.3 Homebuilding 71953 Loblaw Cos. Ltd. L.TO 71.01 2 2 21.8 1.8 Retail/Wholesale Food 9715 Lockheed Martin LMT 389.98 1 2 17.5 2.5 Aerospace/Defense 45

1405 Logitech Int’l LOGI 43.47 3 3 23.4 1.7 Computers/Peripherals 672204 lululemon athletica LULU 222.16 3 3 44.3 NIL Retail (Softlines) 83912 MGE Energy MGEE 77.15 1 3 28.8 1.9 Electric Util. (Central) 26440 MSCI Inc. MSCI 264.01 3 3 39.2 1.1 Information Services 6

2629 ManTech Int’l ‘A’ MANT 78.54 3 3 32.1 1.4 IT Services 31562 Manulife Fin’l MFC 19.59 3 3 8.9 3.9 Insurance (Life) 371806 MarketAxess Holdings MKTX 397.18 3 3 71.3 0.5 Brokers & Exchanges 191114 Martin Marietta MLM 261.75 3 2 27.2 0.8 Building Materials 311231 MasTec MTZ 65.92 3 2 13.5 NIL Engineering & Const 842571 MasterCard Inc. MA 287.61 1 3 37.8 0.5 Financial Svcs. (Div.) 132650 Match Group MTCH 69.28 4 2 37.4 NIL Internet 701591 Materion Corp. MTRN 59.18 3 3 19.5 0.7 Metals & Mining (Div.) 81397 MAXIMUS Inc. MMS 75.48 3 2 18.8 1.5 Industrial Services 10807 Medpace Holdings MEDP 76.26 3 3 25.8 NIL Medical Services 18

1632 Merck & Co. MRK 85.70 1 2 16.9 2.8 Drug 611406 Mercury Systems MRCY 71.14 3 2 34.7 NIL Computers/Peripherals 67126 Mettler-Toledo Int’l MTD 716.97 2 3 31.7 NIL Precision Instrument 47

1929 Mondelez Int’l MDLZ 52.04 2 2 20.6 2.2 Food Processing 301978 Monster Beverage MNST 58.66 3 3 26.7 NIL Beverage 48441 Moody’s Corp. MCO 225.74 3 3 26.8 0.9 Information Services 6768 NMI Holdings NMIH 33.36 3 3 11.9 NIL Insurance (Prop/Cas.) 4

2521 Nat’l Bank of Canada NA.TO 70.92 2 4 11.0 4.1 Bank 462003 New Orient. Ed. ADS EDU 122.72 3 2 35.7 NIL Educational Services 331576 Newmont Goldcorp NEM 37.76 3 2 21.6 1.5 Precious Metals 22159 NIKE, Inc. ‘B’ NKE 92.90 1 2 31.0 1.1 Shoe 361217 Northland Power NPI.TO 27.90 3 3 15.4 4.3 Power 411506 Northwest Bancshares NWBI 16.76 2 3 15.0 4.5 Thrift 141636 Novo Nordisk ADR NVO 56.25 2 3 21.2 2.3 Drug 61224 NovoCure Limited NVCR 92.74 4 3 NMF NIL Med Supp Non-Invasive 21913 OGE Energy OGE 42.00 2 1 19.0 3.8 Electric Util. (Central) 26128 OSI Systems OSIS 100.26 3 2 23.0 NIL Precision Instrument 47

2599 Okta, Inc. OKTA 128.62 3 3 NMF NIL Computer Software 11552 ONE Gas, Inc. OGS 88.52 2 1 25.0 2.4 Natural Gas Utility 38

1833 Open Text Corp. OTEX 43.80 3 3 35.0 1.6 E-Commerce 542129 O’Reilly Automotive ORLY 438.00 3 3 23.1 NIL Retail Automotive 122181 PC Connection ▲ CNXN 48.95 3 3 18.1 NIL Retail (Hardlines) 902222 PNM Resources PNM 48.35 3 1 21.6 2.5 Electric Utility (West) 28809 PRA Health Sciences ▲ PRAH 106.95 3 3 19.8 NIL Medical Services 18163 PACCAR Inc. PCAR 81.52 2 3 13.2 4.2 Heavy Truck & Equip 55

1577 Pan Amer. Silver PAAS 18.32 4 2 33.3 0.8 Precious Metals 22603 Paycom Software PAYC 267.24 3 4 71.1 NIL Computer Software 111834 Paylocity Holding PCTY 117.34 4 4 97.8 NIL E-Commerce 542573 PayPal Holdings PYPL 104.45 3 2 47.0 NIL Financial Svcs. (Div.) 131507 People’s United Fin’l PBCT 16.48 2 3 12.1 4.3 Thrift 14633 Plains GP Holdings L.P. PAGP 18.18 4 3 11.0 7.9 Pipeline MLPs 16

2224 Portland General POR 55.31 2 1 21.3 2.9 Electric Utility (West) 281564 Power Financial PWF.TO 32.35 2 3 9.6 5.6 Insurance (Life) 372574 Price (T. Rowe) Group TROW 122.58 1 3 15.1 2.6 Financial Svcs. (Div.) 132148 PriceSmart ▲ PSMT 75.42 3 3 32.1 0.9 Retail Store 35770 Progressive Corp. PGR 71.50 2 2 13.3 0.6 Insurance (Prop/Cas.) 4

1540 Prologis PLD 90.86 2 3 31.9 2.5 R.E.I.T. 22145 Public Serv. Enterprise PEG 59.56 1 1 18.6 3.3 Electric Utility (East) 17810 Quest Diagnostics DGX 106.53 2 3 16.1 2.0 Medical Services 18

1726 RBC Bearings ROLL 165.81 3 3 30.9 NIL Machinery 401157 RH RH 202.14 4 2 18.3 NIL Furn/Home Furnishings 271542 Realty Income Corp. O 76.30 2 2 54.5 3.6 R.E.I.T. 222149 Rent-A-Center RCII 26.01 4 2 10.6 3.8 Retail Store 35

411 Republic Services RSG 87.06 2 3 25.7 1.9 Environmental 5227 ResMed Inc. RMD 146.31 3 3 36.6 1.1 Med Supp Non-Invasive 21368 Restaurant Brands Int’l QSR 65.12 3 1 21.6 3.3 Restaurant 43

1594 Rio Tinto plc RIO 54.67 3 5 8.8 6.2 Metals & Mining (Div.) 811729 Roper Tech. ROP 359.69 1 3 26.9 0.6 Machinery 40

2207 Ross Stores ROST 113.33 2 2 24.3 1.0 Retail (Softlines) 832525 Royal Bank of Canada RY.TO 109.36 1 3 12.1 4.0 Bank 461579 Royal Gold RGLD 115.34 3 2 56.3 1.0 Precious Metals 22604 SAP SE SAP 135.74 2 3 31.6 1.2 Computer Software 11602 SBA Communications SBAC 231.54 3 2 NMF 0.6 Wireless Networking 50

1777 SPX Corp. SPXC 49.05 3 3 18.7 NIL Diversified Co. 521934 Sanderson Farms SAFM 166.41 3 3 20.6 0.8 Food Processing 301343 Sanmina Corp. SANM 32.22 3 3 10.6 NIL Electronics 591935 Saputo Inc. SAP.TO 39.56 1 4 22.5 1.7 Food Processing 30402 Science Applications SAIC 82.91 3 2 14.1 1.8 Industrial Services 10

1193 Scotts Miracle-Gro SMG 99.96 3 1 19.6 2.3 Household Products 292185 SiteOne Landscape SITE 89.84 3 3 42.4 NIL Retail (Hardlines) 902160 Skechers U.S.A. SKX 40.58 3 3 16.5 NIL Shoe 362653 Snap Inc. SNAP 15.50 4 3 NMF NIL Internet 702132 Sonic Automotive SAH 33.40 3 3 13.7 1.2 Retail Automotive 12164 Spartan Motors ▲ SPAR 17.36 3 3 16.7 0.6 Heavy Truck & Equip 55

2578 Sun Life Fin’l Svcs. SLF.TO 61.43 2 3 11.8 3.6 Financial Svcs. (Div.) 132579 Synchrony Financial SYF 37.33 3 3 7.8 2.4 Financial Svcs. (Div.) 13812 Syneos Health SYNH 54.80 4 2 16.0 NIL Medical Services 18616 TC Energy Corp. TRP 50.97 3 2 16.6 5.9 Oil/Gas Distribution 62

2208 TJX Companies TJX 59.35 1 2 21.5 1.6 Retail (Softlines) 83405 TTEC Holdings TTEC 46.35 3 2 21.1 1.4 Industrial Services 10

1382 Taiwan Semic. ADR TSM 53.76 2 3 25.1 3.0 Semiconductor 56194 Teleflex Inc. TFX 348.36 2 3 44.7 0.4 Med Supp Invasive 8933 TELUS Corporation T.TO 49.89 2 3 17.4 4.7 Telecom. Services 72

1159 Tempur Sealy Int’l TPX 85.15 4 1 27.9 NIL Furn/Home Furnishings 271222 TerraForm Power TERP 15.62 4 1 NMF 5.4 Power 41413 Tetra Tech TTEK 86.90 3 2 25.3 0.7 Environmental 5131 Thermo Fisher Sci. TMO 310.60 2 3 37.2 0.2 Precision Instrument 47

1939 Tootsie Roll TR 34.56 1 3 34.6 1.1 Food Processing 301120 TopBuild Corp. BLD 109.98 3 2 20.9 NIL Building Materials 311143 Tractor Supply TSCO 95.71 3 3 19.2 1.5 Retail Building Supply 15723 TransDigm Group TDG 571.01 3 3 32.9 NIL Aerospace/Defense 45445 TransUnion TRU 84.85 3 3 29.0 0.4 Information Services 6

1941 Tyson Foods ‘A’ TSN 88.63 3 3 14.9 1.9 Food Processing 301549 UDR, Inc. UDR 47.54 3 1 NMF 2.9 R.E.I.T. 221959 US Foods Hldg. USFD 39.20 3 2 15.6 NIL Retail/Wholesale Food 9315 United Parcel Serv. UPS 120.30 2 2 15.2 3.3 Air Transport 71788 U.S. Bancorp USB 59.82 1 3 13.8 2.9 Bank (Midwest) 53815 UnitedHealth Group UNH 282.67 1 5 17.9 1.5 Medical Services 18

2016 Universal Electronics UEIC 55.86 3 2 81.0 NIL Entertainment Tech 51816 Universal Health ‘B’ UHS 141.32 3 2 13.8 0.6 Medical Services 18

1002 Valvoline Inc. VVV 22.98 3 2 16.2 2.1 Auto Parts 872656 VeriSign Inc. VRSN 188.13 3 3 34.1 NIL Internet 70935 Verizon Communic. VZ 59.38 1 2 12.2 4.1 Telecom. Services 72605 ViaSat, Inc. VSAT 73.48 3 3 NMF NIL Wireless Networking 50

1348 Viavi Solutions VIAV 15.29 3 2 20.4 NIL Electronics 592580 Visa Inc. V 180.97 1 3 29.2 0.7 Financial Svcs. (Div.) 13937 Vonage Holdings VG 7.72 3 2 25.7 NIL Telecom. Services 72

2151 Walmart Inc. WMT 118.92 1 2 24.1 1.8 Retail Store 351509 Washington Federal WAFD 36.96 2 3 13.8 2.3 Thrift 141554 Washington R.E.I.T. WRE 30.74 2 3 50.4 3.9 R.E.I.T. 22415 Waste Connections WCN 89.44 2 2 38.7 0.8 Environmental 5416 Waste Management WM 110.31 1 1 24.5 1.9 Environmental 5

1556 Welltower Inc. WELL 83.19 3 1 22.2 4.3 R.E.I.T. 22372 Wendy’s Company WEN 21.49 3 2 30.3 2.2 Restaurant 43638 Western Midstream ▲ WES 18.36 3 2 12.7 13.5 Pipeline MLPs 16

2583 WEX Inc. WEX 201.58 3 3 20.2 NIL Financial Svcs. (Div.) 131580 Wheaton Precious Met. WPM 26.95 3 2 36.4 1.3 Precious Metals 21740 Xylem Inc. XYL 76.59 3 3 22.3 1.3 Machinery 40375 Yum China Holdings YUMC 43.55 3 2 22.6 1.2 Restaurant 43606 Zebra Techn. ‘A’ ZBRA 248.94 3 3 18.6 NIL Wireless Networking 50197 Zimmer Biomet Hldgs. ZBH 145.08 2 3 17.8 0.7 Med Supp Invasive 8

2213 Zumiez Inc. ZUMZ 29.55 3 1 13.4 NIL Retail (Softlines) 832017 Zynga Inc. ZNGA 6.28 4 2 34.9 NIL Entertainment Tech 51

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 29

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Continued from preceding page TIMELY STOCKSStocks Ranked 2 (Above Average) for Relative Price Performance in the Next 12 Months

R a n k s Current %Recent PricePage Technical P/E Est’d Industry

No. Stock Name Ticker Safety Ratio Yield Industry Group Rank▼ ▼ ▼

R a n k s Current %Recent PricePage Technical P/E Est’d Industry

No. Stock Name Ticker Safety Ratio Yield Industry Group Rank▼ ▼ ▼

▲ Arrow indicates the direction of a change in Timeliness. ■ Newly added this week.Rank 2 Deletions:

Assurant Inc.; Bank of Nova Scotia; Career Education; Coca-Cola; Elbit Systems; FirstCash, Inc.; Grace (W.R.) & Co.;Hexcel Corp.; Lithia Motors; MTS Systems; NextEra Energy; OUTFRONT Media; Plains All Amer. Pipe.; Qorvo Inc.;Southwest Gas; Veeva Systems; Williams-Sonoma.

Rank removed−see supplement or report:None.

Rank 3 Deletions:CBS Corp. ’B’; Cleveland-Cliffs Inc.; Dycom Inds.; Geospace Technologies; Grubhub Inc.; Monro, Inc.; Splunk Inc.;TreeHouse Foods; VMware, Inc.

Rank removed−see supplement or report:None.

Page 30: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

917 AT&T Inc. 37.26 2 2 10.2 5.6 Telecom. Services 72199 Abbott Labs. 84.49 2 3 24.6 1.5 Med Supp Non-Invasive 21

2615 Accenture Plc 198.36 2 3 26.1 1.6 IT Services 31558 Aflac Inc. 54.30 2 3 12.2 2.0 Insurance (Life) 372437 Air Products & Chem. 234.74 3 3 26.2 2.0 Chemical (Diversified) 80754 Alleghany Corp. 779.56 2 3 19.0 NIL Insurance (Prop/Cas.) 4755 Allstate Corp. 110.64 2 3 10.1 1.8 Insurance (Prop/Cas.) 4

2637 Alphabet Inc. (NDQ) 1306.69 3 3 23.3 NIL Internet 702616 Amdocs Ltd. (NDQ) 69.09 1 3 19.1 1.7 IT Services 3905 Amer. Elec. Power 90.89 3 1 22.1 3.1 Electric Util. (Central) 26

2541 Amer. Express 120.60 2 2 14.1 1.4 Financial Svcs. (Div.) 13830 Amgen (NDQ) 234.54 3 3 15.8 2.6 Biotechnology 77

1321 Amphenol Corp. 103.25 3 3 26.7 1.0 Electronics 592544 Aon plc 200.48 2 3 20.5 0.9 Financial Svcs. (Div.) 13757 Arch Capital Group (NDQ) 41.20 1 2 14.3 NIL Insurance (Prop/Cas.) 4547 Atmos Energy 106.76 3 1 23.5 2.2 Natural Gas Utility 38

2617 Automatic Data Proc. (NDQ) 170.20 1 3 28.4 2.1 IT Services 32509 Bank of Nova Scotia (TSE) 75.80 3 3 10.4 4.9 Bank 46171 Baxter Int’l Inc. 82.04 3 3 23.6 1.1 Med Supp Invasive 8172 Becton, Dickinson 253.86 2 2 20.7 1.2 Med Supp Invasive 8758 Berkley (W.R.) 68.16 1 2 22.6 0.6 Insurance (Prop/Cas.) 4759 Berkshire Hathaway ‘B’ 219.06 2 3 19.8 NIL Insurance (Prop/Cas.) 4

2548 Brown & Brown 37.96 1 3 24.8 0.9 Financial Svcs. (Div.) 131967 Brown-Forman ‘B’ 67.77 3 3 36.4 1.0 Beverage 48967 CVS Health 76.58 1 4 10.8 2.6 Pharmacy Services 75

2510 Can. Imperial Bank (TSE) 115.40 3 5 9.7 5.1 Bank 461983 Canon Inc. ADR 27.68 3 3 18.1 5.0 Foreign Electronics 321823 Check Point Software (NDQ) 117.16 3 5 19.7 NIL E-Commerce 54505 Chevron Corp. 118.38 3 3 18.7 4.1 Petroleum (Integrated) 42761 Chubb Ltd. 149.97 2 2 13.5 2.0 Insurance (Prop/Cas.) 4

1185 Church & Dwight 68.79 3 2 28.1 1.3 Household Products 29947 Cisco Systems (NDQ) 45.45 2 3 13.6 3.1 Telecom. Equipment 39

1968 Coca-Cola 53.22 3 2 24.8 3.0 Beverage 481187 Colgate-Palmolive 66.98 2 2 22.9 2.6 Household Products 29778 Commerce Bancshs. (NDQ) 63.90 3 3 17.5 1.6 Bank (Midwest) 53137 Consol. Edison 86.04 3 1 20.6 3.6 Electric Utility (East) 17

2139 Costco Wholesale (NDQ) 299.05 1 2 35.2 0.9 Retail Store 35154 Deere & Co. 176.61 3 3 16.9 1.7 Heavy Truck & Equip 55

1974 Diageo plc 162.51 1 2 23.6 2.2 Beverage 482328 Disney (Walt) 149.69 3 3 19.1 1.2 Entertainment 86567 Ecolab Inc. 182.06 1 2 29.4 1.0 Chemical (Specialty) 66

1305 Emerson Electric 74.35 3 4 19.7 2.7 Electrical Equipment 642023 Everest Re Group Ltd. 269.82 3 3 13.6 2.3 Reinsurance 34140 Eversource Energy 82.15 3 1 23.0 2.7 Electric Utility (East) 17385 Expeditors Int’l (NDQ) 76.59 3 3 21.2 1.3 Industrial Services 10507 Exxon Mobil Corp. 68.91 3 3 21.1 5.1 Petroleum (Integrated) 42

1526 Federal Rlty. Inv. Trust 130.37 2 1 40.0 3.2 R.E.I.T. 222559 Franklin Resources 27.98 4 4 10.1 4.1 Financial Svcs. (Div.) 132560 Gallagher (Arthur J.) 91.87 3 2 23.6 1.9 Financial Svcs. (Div.) 13

711 Gen’l Dynamics 182.66 2 4 15.1 2.2 Aerospace/Defense 451914 Gen’l Mills 52.72 3 2 15.8 3.8 Food Processing 30987 Genuine Parts 103.98 2 3 18.1 2.9 Auto Parts 87

1628 GlaxoSmithKline ADR 44.48 1 3 18.4 4.2 Drug 611560 Globe Life Inc. 101.37 2 3 14.7 0.7 Insurance (Life) 371811 Goldman Sachs 222.75 3 3 9.7 2.2 Investment Banking 572626 Henry (Jack) & Assoc. (NDQ) 150.57 2 3 35.9 1.1 IT Services 31139 Home Depot 218.40 3 1 21.0 2.8 Retail Building Supply 151760 Honeywell Int’l 176.51 3 3 20.6 2.0 Diversified Co. 52730 Illinois Tool Works 175.18 3 3 22.5 2.4 Metal Fabricating 76

2627 Infosys Ltd. ADR 9.87 3 3 16.7 3.5 IT Services 31362 Intel Corp. (NDQ) 58.81 3 3 12.7 2.1 Semiconductor 561404 Int’l Business Mach. 135.97 3 3 10.8 4.8 Computers/Peripherals 67575 Int’l Flavors & Frag. 141.41 3 5 21.9 2.2 Chemical (Specialty) 66

1921 J&J Snack Foods (NDQ) 186.72 1 2 34.1 1.2 Food Processing 30218 Johnson & Johnson 137.18 2 5 18.6 2.8 Med Supp Non-Invasive 21

1922 Kellogg 64.34 3 3 16.7 3.6 Food Processing 301190 Kimberly-Clark 133.35 2 2 19.3 3.1 Household Products 29805 Laboratory Corp. 172.78 2 2 14.8 NIL Medical Services 18

1630 Lilly (Eli) 117.47 3 3 19.2 2.2 Drug 61715 Lockheed Martin 389.98 2 2 17.5 2.5 Aerospace/Defense 45

912 MGE Energy (NDQ) 77.15 2 3 28.8 1.9 Electric Util. (Central) 26766 Markel Corp. 1115.00 3 1 25.2 NIL Insurance (Prop/Cas.) 4

2570 Marsh & McLennan 108.00 3 4 22.5 1.7 Financial Svcs. (Div.) 132571 MasterCard Inc. 287.61 2 3 37.8 0.5 Financial Svcs. (Div.) 131927 McCormick & Co. 166.62 3 3 30.6 1.4 Food Processing 30365 McDonald’s Corp. 191.89 3 2 23.6 2.6 Restaurant 43185 Medtronic plc 111.78 1 3 19.8 1.9 Med Supp Invasive 8

1632 Merck & Co. 85.70 2 2 16.9 2.8 Drug 612597 Microsoft Corp. (NDQ) 151.23 1 4 28.1 1.3 Computer Software 111930 Nestle SA ADS (PNK) 104.50 3 2 26.0 2.5 Food Processing 30549 New Jersey Resources 42.85 3 3 19.8 2.9 Natural Gas Utility 38143 NextEra Energy 232.56 3 2 29.3 2.4 Electric Utility (East) 17

2159 NIKE, Inc. ‘B’ 92.90 2 2 31.0 1.1 Shoe 36718 Northrop Grumman 349.75 3 2 17.8 1.5 Aerospace/Defense 45551 Northwest Natural 67.94 3 2 32.7 2.8 Natural Gas Utility 38

1635 Novartis AG ADR 91.30 3 3 24.7 3.1 Drug 611204 Nuveen Muni Value Fund 10.47 – – NMF 3.8 Investment Co. –2600 Oracle Corp. 56.56 3 3 14.3 1.7 Computer Software 112444 PPG Inds. 127.79 3 3 24.1 1.6 Chemical (Diversified) 802630 Paychex, Inc. (NDQ) 84.86 1 2 26.7 3.1 IT Services 31980 PepsiCo, Inc. 133.83 3 2 23.9 3.0 Beverage 481640 Pfizer, Inc. 38.68 – – 17.7 3.7 Drug 612223 Pinnacle West Capital 86.60 3 1 17.6 3.6 Electric Utility (West) 282574 Price (T. Rowe) Group (NDQ) 122.58 2 3 15.1 2.6 Financial Svcs. (Div.) 131192 Procter & Gamble 120.51 1 2 24.6 2.5 Household Products 29145 Public Serv. Enterprise 59.56 2 1 18.6 3.3 Electric Utility (East) 17

1541 Public Storage 208.41 3 1 25.7 4.0 R.E.I.T. 22720 Raytheon Co. 216.29 – – 18.3 1.7 Aerospace/Defense 45

1729 Roper Tech. 359.69 2 3 26.9 0.6 Machinery 402525 Royal Bank of Canada (TSE) 109.36 2 3 12.1 4.0 Bank 461642 Sanofi ADR (NDQ) 46.90 3 2 21.0 3.8 Drug 611935 Saputo Inc. (TSE) 39.56 2 4 22.5 1.7 Food Processing 301938 Smucker (J.M.) 105.83 3 3 15.2 3.3 Food Processing 30370 Starbucks Corp. (NDQ) 83.75 1 2 27.9 2.0 Restaurant 43191 Stryker Corp. 203.10 1 2 23.7 1.0 Med Supp Invasive 8

2609 Synopsys, Inc. (NDQ) 138.19 1 3 27.5 NIL Computer Software 111958 Sysco Corp. 79.82 1 2 21.3 2.3 Retail/Wholesale Food 92208 TJX Companies 59.35 2 2 21.5 1.6 Retail (Softlines) 831383 Texas Instruments (NDQ) 119.01 3 1 22.1 2.7 Semiconductor 561782 3M Company 170.24 4 4 18.2 3.4 Diversified Co. 521939 Tootsie Roll 34.56 2 3 34.6 1.1 Food Processing 302531 Toronto-Dominion (TSE) 77.54 3 4 11.3 4.0 Bank 46521 Total S.A. ADR 53.79 3 4 12.1 5.9 Petroleum (Integrated) 42773 Travelers Cos. 135.03 3 3 14.0 2.4 Insurance (Prop/Cas.) 4

1943 Unilever PLC ADR 58.58 3 1 20.3 3.3 Food Processing 30348 Union Pacific 179.90 3 3 20.9 2.2 Railroad 23788 U.S. Bancorp 59.82 2 3 13.8 2.9 Bank (Midwest) 53

1784 United Technologies 147.52 – – 17.2 2.0 Diversified Co. 52815 UnitedHealth Group 282.67 2 5 17.9 1.5 Medical Services 18195 Varian Medical Sys. 133.49 4 5 30.2 NIL Med Supp Invasive 8935 Verizon Communic. 59.38 2 2 12.2 4.1 Telecom. Services 72

2580 Visa Inc. 180.97 2 3 29.2 0.7 Financial Svcs. (Div.) 13915 WEC Energy Group 88.10 3 1 24.7 2.8 Electric Util. (Central) 26

2151 Walmart Inc. 118.92 2 2 24.1 1.8 Retail Store 35416 Waste Management 110.31 2 1 24.5 1.9 Environmental 5

2226 Xcel Energy Inc. (NDQ) 60.80 3 1 22.7 2.8 Electric Utility (West) 28

1965 AB InBev ADR 79.09 3 2 16.8 2.6 Beverage 481742 ABB Ltd. ADR 22.00 – – 22.7 3.6 Diversified Co. 522536 AXA Equitable Holdings 24.62 – – 5.7 2.4 Financial Svcs. (Div.) 131198 Adams Divers. Equity Fd 15.49 – – NMF 1.6 Investment Co. –2586 Adobe Inc. (NDQ) 305.28 2 4 46.3 NIL Computer Software 11

113 Agilent Technologies 80.26 3 3 23.9 0.9 Precision Instrument 47902 ALLETE 79.56 3 1 22.5 3.1 Electric Util. (Central) 26903 Alliant Energy (NDQ) 52.75 2 2 22.3 2.7 Electric Util. (Central) 26

1991 Altria Group 49.26 3 4 11.3 6.8 Tobacco 74904 Ameren Corp. 74.17 3 2 22.1 2.7 Electric Util. (Central) 26756 Amer. Financial Group 107.83 2 2 12.2 1.7 Insurance (Prop/Cas.) 4

1789 Amer. States Water 84.91 1 1 40.8 1.4 Water Utility 1593 Amer. Tower ‘A’ 209.71 1 2 49.9 2.1 Wireless Networking 50

1744 AMETEK, Inc. 98.71 2 3 23.4 0.6 Diversified Co. 521354 Analog Devices (NDQ) 112.93 3 2 21.6 1.9 Semiconductor 562587 ANSYS, Inc. (NDQ) 249.42 1 3 39.3 NIL Computer Software 11792 Anthem, Inc. 293.89 3 5 13.4 1.1 Medical Services 18

1398 Apple Inc. (NDQ) 266.37 3 3 20.1 1.2 Computers/Peripherals 671170 AptarGroup 110.95 2 2 25.5 1.3 Packaging & Container 581791 Aqua America 43.66 2 1 29.9 2.2 Water Utility 11902 Archer Daniels Midl’d 43.08 3 4 13.3 3.4 Food Processing 302019 Argo Group Int’l 63.56 3 2 8.8 2.0 Reinsurance 342545 Assurant Inc. 132.25 3 3 15.2 1.9 Financial Svcs. (Div.) 131515 AvalonBay Communities 212.15 3 1 34.4 3.0 R.E.I.T. 22136 AVANGRID, Inc. 48.54 3 2 19.3 3.7 Electric Utility (East) 17

562 Avery Dennison 129.25 3 3 18.7 1.9 Chemical (Specialty) 662215 Avista Corp. 46.80 3 1 22.2 3.4 Electric Utility (West) 282022 AXIS Capital Hldgs. 58.23 3 1 11.1 2.7 Reinsurance 342503 BB&T Corp. 55.20 3 3 14.4 3.3 Bank 461028 BCE Inc. 47.90 1 2 17.1 5.1 Telecom. Utility 241171 Ball Corp. 64.97 2 1 23.2 0.9 Packaging & Container 582506 Bank of Hawaii 90.20 3 3 15.2 3.0 Bank 462507 Bank of Montreal (TSE) 101.34 3 5 10.5 4.3 Bank 462508 Bank of New York Mellon 49.33 3 4 12.2 2.5 Bank 46203 Bio-Rad Labs. ‘A’ 368.83 2 3 46.5 NIL Med Supp Non-Invasive 21831 Bio-Techne Corp. (NDQ) 220.09 3 3 78.6 0.6 Biotechnology 77

2216 Black Hills 77.78 3 2 21.6 2.8 Electric Utility (West) 282546 BlackRock, Inc. 491.86 3 4 16.8 2.7 Financial Svcs. (Div.) 13706 Boeing 373.13 3 3 28.7 2.2 Aerospace/Defense 45

1999 Bright Horizons Family 150.73 1 3 40.2 NIL Educational Services 331620 Bristol-Myers Squibb 56.17 3 3 15.6 2.9 Drug 61432 Broadridge Fin’l 121.47 3 2 23.6 1.8 Information Services 6

1748 Brookfield Infrastruc. 52.64 2 3 59.8 3.8 Diversified Co. 521800 Cboe Global Markets (CBOE) 123.76 2 3 32.0 1.2 Brokers & Exchanges 19382 C.H. Robinson (NDQ) 76.21 3 3 16.9 2.6 Industrial Services 10

1801 CME Group (NDQ) 206.80 2 2 37.7 1.5 Brokers & Exchanges 19906 CMS Energy Corp. 61.20 3 2 22.1 2.6 Electric Util. (Central) 26760 CNA Fin’l 44.14 3 2 13.9 3.2 Insurance (Prop/Cas.) 4

1018 Cable One 1536.68 2 3 47.1 0.6 Cable TV 201908 Campbell Soup 46.80 3 2 17.7 3.0 Food Processing 30

Page 30 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Stocks Ranked 1 (Highest) for Relative SafetyRank Current

Page Recent Price Time- Tech- P/E % Est’d IndustryNo. Stock Name liness nical Ratio Yield Industry Group Rank

Rank CurrentPage Recent Price Time- Tech- P/E % Est’d IndustryNo. Stock Name liness nical Ratio Yield Industry Group Rank

Stocks Ranked 2 (Above Average) for Relative SafetyRank Current

Page Recent Price Time- Tech- P/E % Est’d IndustryNo. Stock Name liness nical Ratio Yield Industry Group Rank

Rank CurrentPage Recent Price Time- Tech- P/E % Est’d IndustryNo. Stock Name liness nical Ratio Yield Industry Group Rank

Page 31: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

340 Can. National Railway 90.91 2 3 19.1 2.4 Railroad 232138 Canadian Tire ‘A’ (TSE) 154.55 3 4 11.7 2.9 Retail Store 351502 Capitol Fed. Fin’l (NDQ) 14.19 3 2 19.4 2.4 Thrift 141749 Carlisle Cos. 158.72 1 3 18.5 1.3 Diversified Co. 52152 Caterpillar Inc. 146.42 4 3 14.2 2.8 Heavy Truck & Equip 55820 Cerner Corp. (NDQ) 70.68 2 2 24.5 1.0 Healthcare Information 78354 Cheesecake Factory (NDQ) 44.51 4 5 16.3 3.2 Restaurant 43

1750 Chemed Corp. 429.17 1 3 29.3 0.3 Diversified Co. 52548 Chesapeake Utilities 91.14 3 2 25.6 1.8 Natural Gas Utility 38

2350 Churchill Downs (NDQ) 131.64 3 3 33.0 0.4 Hotel/Gaming 63762 Cincinnati Financial (NDQ) 105.94 1 1 25.2 2.1 Insurance (Prop/Cas.) 4383 Cintas Corp. (NDQ) 250.87 2 2 29.3 1.0 Industrial Services 10

1186 Clorox Co. 145.25 3 2 22.9 2.9 Household Products 291020 Cogeco Communic. (TSE) 119.37 3 3 16.9 1.9 Cable TV 202621 Cognizant Technology (NDQ) 63.36 4 4 15.2 1.3 IT Services 31021 Comcast Corp. (NDQ) 43.35 1 1 13.4 1.9 Cable TV 201971 Constellation Brands 183.57 3 2 19.8 1.7 Beverage 48207 Cooper Cos. 312.42 2 3 29.1 NIL Med Supp Non-Invasive 21

2124 Copart, Inc. (NDQ) 89.94 1 3 33.9 NIL Retail Automotive 12356 Cracker Barrel (NDQ) 157.50 3 3 16.7 3.4 Restaurant 43153 Cummins Inc. 184.02 3 3 13.1 2.8 Heavy Truck & Equip 55

1199 DNP Select Inc. Fund 12.85 – – NMF 2.2 Investment Co. –908 DTE Energy 124.08 3 2 19.5 3.3 Electric Util. (Central) 26

1753 Danaher Corp. 144.94 – – 27.7 0.5 Diversified Co. 521033 Deutsche Telekom ADR(PNK) 16.55 3 1 17.6 5.3 Telecom. Utility 242552 Discover Fin’l Svcs. 85.18 2 3 9.2 2.1 Financial Svcs. (Div.) 132009 Dolby Labs. 69.30 3 4 24.8 1.3 Entertainment Tech 51138 Dominion Energy 83.23 2 2 18.5 4.5 Electric Utility (East) 17

1710 Donaldson Co. 55.77 3 3 24.8 1.5 Machinery 401711 Dover Corp. 111.95 2 3 18.3 1.8 Machinery 401604 Dow Inc. 55.20 – – 12.5 5.3 Chemical (Basic) 79139 Duke Energy 87.60 1 1 17.2 4.4 Electric Utility (East) 17

1605 DuPont de Nemours 65.20 – – 16.2 1.9 Chemical (Basic) 79984 Eaton Corp. plc 92.15 3 3 15.2 3.1 Auto Parts 87

2218 El Paso Electric 67.80 – – 29.4 2.3 Electric Utility (West) 281211 Emera Inc. (TSE) 54.40 3 1 19.2 4.5 Power 411523 Equity Residential 84.52 1 1 49.1 2.8 R.E.I.T. 22763 Erie Indemnity (NDQ) 171.98 3 2 25.7 2.1 Insurance (Prop/Cas.) 4910 Evergy, Inc. 63.59 – – 20.3 3.2 Electric Util. (Central) 26141 Exelon Corp. (NDQ) 44.17 3 2 13.9 3.4 Electric Utility (East) 17436 FactSet Research 260.89 2 3 29.0 1.1 Information Services 6

1137 Fastenal Co. (NDQ) 36.07 2 2 25.8 2.4 Retail Building Supply 15308 FedEx Corp. 159.54 4 4 13.0 1.6 Air Transport 71

2555 Fidelity Nat’l Fin’l 47.73 1 3 12.6 2.8 Financial Svcs. (Div.) 132556 Fidelity Nat’l Info. 136.88 – – 48.4 1.0 Financial Svcs. (Div.) 13764 First American Fin’l 62.91 2 2 11.4 2.7 Insurance (Prop/Cas.) 4142 FirstEnergy Corp. 47.72 3 2 30.6 3.4 Electric Utility (East) 17

2625 Fiserv Inc. (NDQ) 114.74 1 3 31.8 NIL IT Services 3911 Fortis Inc. (TSE) 52.69 3 1 19.2 3.6 Electric Util. (Central) 26119 Fortive Corp. 71.48 3 3 34.9 0.4 Precision Instrument 47800 Fresenius Medical ADR 36.99 3 4 14.3 1.8 Medical Services 18

1984 FUJIFILM Hldgs. ADR (PNK) 47.05 3 3 19.3 1.7 Foreign Electronics 321308 Garmin Ltd. (NDQ) 97.66 2 3 24.5 2.3 Electrical Equipment 64388 Genpact Limited 40.44 2 3 18.6 0.8 Industrial Services 10

1757 Graham Hldgs. 631.00 3 2 16.5 0.9 Diversified Co. 521309 Grainger (W.W.) 320.49 3 2 18.1 1.8 Electrical Equipment 64765 Hanover Insurance 133.62 2 2 15.0 1.8 Insurance (Prop/Cas.) 4

2562 Hartford Fin’l Svcs. 61.85 1 3 12.2 2.0 Financial Svcs. (Div.) 132219 Hawaiian Elec. 43.48 3 1 21.7 3.0 Electric Utility (West) 281917 Hershey Co. 146.08 1 2 25.1 2.2 Food Processing 301918 Hormel Foods 42.76 3 3 23.0 2.2 Food Processing 301310 Hubbell Inc. 148.04 2 3 17.9 2.5 Electrical Equipment 64323 Hunt (J.B.) (NDQ) 117.36 3 2 21.1 0.9 Trucking 69

2220 IDACORP, Inc. 104.65 3 2 23.5 2.6 Electric Utility (West) 281716 IDEX Corp. 160.93 2 3 26.6 1.2 Machinery 401762 Ingersoll-Rand 130.85 – – 19.5 1.6 Diversified Co. 521804 Intercontinental Exch. 94.32 1 2 23.1 1.2 Brokers & Exchanges 192595 Intuit Inc. (NDQ) 257.07 2 3 33.8 0.8 Computer Software 11184 Intuitive Surgical (NDQ) 581.50 2 3 46.3 NIL Med Supp Invasive 8

2518 JPMorgan Chase 131.49 3 3 12.7 2.8 Bank 461767 Kaman Corp. 65.31 3 4 34.0 1.2 Diversified Co. 521336 L3Harris Technologies 196.49 – – 20.5 1.5 Electronics 591925 Lancaster Colony (NDQ) 158.64 2 4 27.4 1.8 Food Processing 301011 Lauder (Estee) 194.70 1 3 32.7 1.0 Toiletries/Cosmetics 251153 Leggett & Platt 52.83 2 3 19.8 3.0 Furn/Home Furnishings 27395 Leidos Hldgs. 90.03 2 3 17.1 1.5 Industrial Services 10

1202 Liberty All-Star 6.56 – – NMF 9.1 Investment Co. –1953 Loblaw Cos. Ltd. (TSE) 71.01 2 2 21.8 1.8 Retail/Wholesale Food 92568 Loews Corp. 50.80 3 2 17.7 0.5 Financial Svcs. (Div.) 131140 Lowe’s Cos. 117.00 3 2 18.9 1.9 Retail Building Supply 152520 M&T Bank Corp. 166.02 3 4 11.6 2.7 Bank 46538 MDU Resources 28.99 1 3 17.8 2.8 Natural Gas (Div.) 93

1721 MSC Industrial Direct 74.23 3 3 13.7 4.0 Machinery 402336 Madison Square Garden 274.32 – – NMF NIL Entertainment 861926 Maple Leaf Foods (TSE) 23.29 3 3 15.5 2.5 Food Processing 30220 McKesson Corp. 153.27 3 3 10.4 1.1 Med Supp Non-Invasive 21

1954 Metro Inc. (TSE) 57.58 1 2 18.8 1.4 Retail/Wholesale Food 9126 Mettler-Toledo Int’l 716.97 2 3 31.7 NIL Precision Instrument 47

1537 Mid-America Apartment 134.16 1 2 57.3 2.9 R.E.I.T. 221795 Middlesex Water (NDQ) 62.05 3 2 30.0 1.7 Water Utility 11929 Mondelez Int’l (NDQ) 52.04 2 2 20.6 2.2 Food Processing 30957 Motorola Solutions 165.72 1 2 20.4 1.5 Telecom. Equipment 39

1131 NVR, Inc. 3720.88 1 1 16.4 NIL Homebuilding 71807 Nasdaq, Inc. (NDQ) 104.64 3 3 19.9 1.8 Brokers & Exchanges 192521 Nat’l Bank of Canada (TSE) 70.92 2 4 11.0 4.1 Bank 46582 NewMarket Corp. 489.10 3 3 22.1 1.6 Chemical (Specialty) 66550 NiSource Inc. 26.55 3 1 20.0 3.0 Natural Gas Utility 38346 Norfolk Southern 196.95 3 3 19.0 1.9 Railroad 23

1506 Northwest Bancshares (NDQ) 16.76 2 3 15.0 4.5 Thrift 142221 NorthWestern Corp. 71.60 3 1 20.3 3.3 Electric Utility (West) 28

1636 Novo Nordisk ADR 56.25 2 3 21.2 2.3 Drug 61913 OGE Energy 42.00 2 1 19.0 3.8 Electric Util. (Central) 26325 Old Dominion Freight (NDQ) 191.81 3 3 24.6 0.4 Trucking 69

2394 Omnicom Group 78.91 3 3 12.8 3.5 Advertising 44552 ONE Gas, Inc. 88.52 2 1 25.0 2.4 Natural Gas Utility 38914 Otter Tail Corp. (NDQ) 50.00 3 2 22.7 2.9 Electric Util. (Central) 26

2522 PNC Financial Serv. 153.40 3 3 13.2 3.0 Bank 46144 PPL Corp. 33.86 3 3 13.8 4.9 Electric Utility (East) 17163 PACCAR Inc. (NDQ) 81.52 2 3 13.2 4.2 Heavy Truck & Equip 55786 Park National (ASE) 101.20 3 4 14.5 4.0 Bank (Midwest) 53

1772 Parker-Hannifin 202.08 3 3 17.0 1.7 Diversified Co. 521507 People’s United Fin’l (NDQ) 16.48 2 3 12.1 4.3 Thrift 141993 Philip Morris Int’l 82.37 3 3 15.3 5.7 Tobacco 74518 Phillips 66 115.42 3 2 13.8 3.4 Petroleum (Integrated) 42

2317 Pool Corp. (NDQ) 205.30 1 2 31.0 1.1 Recreation 602224 Portland General 55.31 2 1 21.3 2.9 Electric Utility (West) 281564 Power Financial (TSE) 32.35 2 3 9.6 5.6 Insurance (Life) 37770 Progressive Corp. 71.50 2 2 13.3 0.6 Insurance (Prop/Cas.) 4

1540 Prologis 90.86 2 3 31.9 2.5 R.E.I.T. 22810 Quest Diagnostics 106.53 2 3 16.1 2.0 Medical Services 18

1542 Realty Income Corp. 76.30 2 2 54.5 3.6 R.E.I.T. 221567 Reinsurance Group 164.44 3 2 11.8 1.8 Insurance (Life) 372025 RenaissanceRe Hldgs. 184.28 1 2 13.1 0.7 Reinsurance 34

411 Republic Services 87.06 2 3 25.7 1.9 Environmental 51657 Robert Half Int’l 57.95 3 4 14.2 2.2 Human Resources 731313 Rockwell Automation 195.72 3 4 22.4 2.1 Electrical Equipment 641776 Rogers Communications(TSE) 63.55 3 4 15.8 3.1 Diversified Co. 52401 Rollins, Inc. 35.31 3 1 53.5 1.2 Industrial Services 10

2207 Ross Stores (NDQ) 113.33 2 2 24.3 1.0 Retail (Softlines) 83519 Royal Dutch Shell ‘B’ 59.14 3 3 9.4 6.4 Petroleum (Integrated) 42443 S&P Global 265.85 1 3 26.7 0.9 Information Services 6

2604 SAP SE 135.74 2 3 31.6 1.2 Computer Software 112631 SEI Investments (NDQ) 63.72 1 3 18.2 1.1 IT Services 32225 Sempra Energy 146.37 3 2 23.0 2.8 Electric Utility (West) 281936 Sensient Techn. 63.71 3 4 19.4 2.4 Food Processing 301025 Shaw Commun. ‘B’ (TSE) 27.07 3 3 17.2 4.4 Cable TV 201142 Sherwin-Williams 580.01 1 2 25.6 0.9 Retail Building Supply 151778 Siemens AG (ADS) (PNK) 64.11 3 5 13.6 3.4 Diversified Co. 521547 Simon Property Group 149.24 3 3 21.1 5.8 R.E.I.T. 221732 Snap-on Inc. 162.46 3 3 12.7 2.7 Machinery 401181 Sonoco Products 59.12 3 3 15.9 2.9 Packaging & Container 58553 South Jersey Inds. 30.71 3 2 22.1 4.0 Natural Gas Utility 38146 Southern Co. 62.18 3 2 19.7 4.1 Electric Utility (East) 17555 Spire Inc. 76.93 3 1 19.8 3.2 Natural Gas Utility 38

1733 Stanley Black & Decker 159.29 3 3 18.1 1.7 Machinery 40190 STERIS plc 151.50 1 3 26.5 1.0 Med Supp Invasive 8

2578 Sun Life Fin’l Svcs. (TSE) 61.43 2 3 11.8 3.6 Financial Svcs. (Div.) 131346 TE Connectivity 93.13 3 2 16.8 2.0 Electronics 591382 Taiwan Semic. ADR 53.76 2 3 25.1 3.0 Semiconductor 56194 Teleflex Inc. 348.36 2 3 44.7 0.4 Med Supp Invasive 8933 TELUS Corporation (TSE) 49.89 2 3 17.4 4.7 Telecom. Services 72131 Thermo Fisher Sci. 310.60 2 3 37.2 0.2 Precision Instrument 47444 Thomson Reuters (TSE) 95.36 – – 64.9 1.5 Information Services 6

1736 Toro Co. 77.73 3 3 26.1 1.3 Machinery 40111 Toyota Motor ADR 142.54 1 3 9.3 2.9 Automotive 65

1206 Tri-Continental 28.23 – – NMF 3.5 Investment Co. –556 UGI Corp. 43.94 3 3 16.4 3.0 Natural Gas Utility 38406 UniFirst Corp. 206.39 1 2 24.6 0.5 Industrial Services 10315 United Parcel Serv. 120.30 2 2 15.2 3.3 Air Transport 71

1785 Valmont Inds. 142.14 3 3 16.4 1.1 Diversified Co. 52446 Verisk Analytics (NDQ) 145.41 3 2 44.6 0.7 Information Services 6

1195 WD-40 Co. (NDQ) 190.88 3 3 44.6 1.3 Household Products 291553 W.P. Carey Inc. 83.30 3 1 41.4 5.0 R.E.I.T. 222397 WPP PLC ADR 64.50 3 4 11.9 6.2 Advertising 44971 Walgreens Boots (NDQ) 60.67 4 4 10.1 3.0 Pharmacy Services 75

1509 Washington Federal (NDQ) 36.96 2 3 13.8 2.3 Thrift 141554 Washington R.E.I.T. 30.74 2 3 50.4 3.9 R.E.I.T. 22415 Waste Connections 89.44 2 2 38.7 0.8 Environmental 5133 Waters Corp. 221.24 3 3 23.7 NIL Precision Instrument 47

1144 Watsco, Inc. 178.52 3 2 26.4 3.7 Retail Building Supply 152533 Wells Fargo 54.21 3 5 11.5 3.8 Bank 46229 West Pharmac. Svcs. 146.18 1 3 46.1 0.4 Med Supp Non-Invasive 21

1963 Weston (George) (TSE) 106.66 1 1 14.2 2.0 Retail/Wholesale Food 92584 Willis Towers Wat. plc (NDQ) 193.13 3 2 16.7 1.3 Financial Svcs. (Div.) 13374 Yum! Brands 98.01 3 1 24.9 1.8 Restaurant 43197 Zimmer Biomet Hldgs. 145.08 2 3 17.8 0.7 Med Supp Invasive 8

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 31

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

Continued from preceding pageStocks Ranked 2 (Above Average) for Relative Safety

Rank CurrentPage Recent Price Time- Tech- P/E % Est’d IndustryNo. Stock Name liness nical Ratio Yield Industry Group Rank

Rank CurrentPage Recent Price Time- Tech- P/E % Est’d IndustryNo. Stock Name liness nical Ratio Yield Industry Group Rank

Page 32: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

612 EnLink Midstream LLC 5.02 5 4 NMF 22.5 Oil/Gas Distribution 62623 EQM Midstream Part. 23.55 2 3 4.7 19.7 Pipeline MLPs 16

1585 Alliance Resource 11.14 4 3 7.3 19.4 Metals & Mining (Div.) 811539 Penn. R.E.I.T. 5.76 5 4 NMF 14.6 R.E.I.T. 221527 GEO Group (The) 13.89 3 3 9.4 14.0 R.E.I.T. 222376 Quad/Graphics Inc. 4.28 – 5 NMF 14.0 Publishing 82622 DCP Midstream LP 22.38 4 3 NMF 13.9 Pipeline MLPs 16624 Enable Midstream Part. 9.47 4 3 9.1 13.9 Pipeline MLPs 16638 Western Midstream 18.36 2 3 12.7 13.5 Pipeline MLPs 16

2400 Black Stone Minerals 11.99 3 3 10.2 12.3 Petroleum (Producing) 941194 Tupperware Brands 8.83 5 4 2.6 12.2 Household Products 29627 Holly Energy Part. 22.37 1 3 12.2 12.0 Pipeline MLPs 16637 Tallgrass Energy LP 18.30 – 3 13.7 12.0 Pipeline MLPs 16

1518 CoreCivic, Inc. 15.09 3 3 8.8 11.8 R.E.I.T. 221903 B&G Foods 16.19 4 3 7.7 11.7 Food Processing 301535 Macerich Comp. (The) 26.57 4 3 39.7 11.6 R.E.I.T. 222449 Apollo Investment 16.56 3 3 10.0 10.9 Public/Private Equity –1513 Annaly Capital Mgmt. 9.25 3 3 9.3 10.8 R.E.I.T. 22636 Suburban Propane 22.80 3 3 17.4 10.5 Pipeline MLPs 16625 Energy Transfer LP 12.30 4 4 9.2 9.9 Pipeline MLPs 16

1799 BGC Partners 5.74 – 3 8.2 9.8 Brokers & Exchanges 192145 Macy’s Inc. 15.56 5 3 5.7 9.7 Retail Store 35544 Targa Resources 37.95 4 4 NMF 9.6 Natural Gas (Div.) 93

2302 AMC Entertainment Hldgs. 8.38 3 3 15.0 9.5 Recreation 60396 Macquarie Infra. 42.01 3 3 38.9 9.5 Industrial Services 10

1546 Service Properties 22.83 3 3 18.6 9.5 R.E.I.T. 22635 Shell Midstream L.P. 20.27 3 3 12.1 9.3 Pipeline MLPs 16

1202 Liberty All-Star 6.56 – 2 NMF 9.1 Investment Co. –108 Nissan Motor ADR 12.35 4 3 8.1 8.9 Automotive 65632 Plains All Amer. Pipe. 17.79 3 3 9.6 8.7 Pipeline MLPs 16

2184 Signet Jewelers Ltd. 17.09 5 4 5.4 8.7 Retail (Hardlines) 901592 Natural Resource 21.11 3 4 4.0 8.5 Metals & Mining (Div.) 81630 NuStar Energy L.P. 28.13 3 3 33.9 8.5 Pipeline MLPs 16

2197 Chico’s FAS 4.18 – 5 NMF 8.4 Retail (Softlines) 832453 Gladstone Capital 10.21 – 3 7.6 8.2 Public/Private Equity –2540 AllianceBernstein Hldg. 28.96 3 3 12.2 8.1 Financial Svcs. (Div.) 131203 MFS Multimarket 6.11 – 4 NMF 7.9 Investment Co. –514 Occidental Petroleum 39.93 4 3 61.4 7.9 Petroleum (Integrated) 42

1538 Park Hotels & Resorts 22.90 – 3 10.1 7.9 R.E.I.T. 22633 Plains GP Holdings L.P. 18.18 2 4 11.0 7.9 Pipeline MLPs 16

1197 Aberdeen Asia-Pac. Fd. 4.27 – 4 NMF 7.7 Investment Co. –2385 Tribune Publishing Co. 13.01 – 4 13.3 7.7 Newspaper –2320 Six Flags Entertainment 44.95 4 3 17.4 7.5 Recreation 60393 Iron Mountain 34.05 3 3 26.2 7.3 Industrial Services 10503 CVR Energy 45.11 – 3 10.8 7.1 Petroleum (Integrated) 42

2423 Helmerich & Payne 39.92 4 3 35.3 7.1 Oilfield Svcs/Equip. 95629 Magellan Midstream 61.16 3 3 13.5 7.1 Pipeline MLPs 16

1992 Brit. Am. Tobacco ADR 38.93 4 3 8.5 7.0 Tobacco 742563 Invesco Ltd. 17.75 4 3 14.0 7.0 Financial Svcs. (Div.) 131210 Covanta Holding Corp. 14.49 3 3 NMF 6.9 Power 41

626 Enterprise Products 26.58 3 3 12.5 6.9 Pipeline MLPs 162330 Entravision Communic. 2.88 – 4 20.6 6.9 Entertainment 861991 Altria Group 49.26 3 2 11.3 6.8 Tobacco 742196 Cato Corp. 19.40 3 3 13.7 6.8 Retail (Softlines) 832307 Cedar Fair L.P. 55.39 3 3 15.9 6.8 Recreation 602517 HSBC Holdings PLC 37.59 3 3 9.2 6.8 Bank 461030 CenturyLink Inc. 14.91 4 3 11.1 6.7 Telecom. Utility 24621 Cheniere Energy Part. 39.63 3 3 22.4 6.7 Pipeline MLPs 16105 Ford Motor 9.00 3 3 9.5 6.7 Automotive 65747 Russel Metals 22.74 4 3 13.4 6.7 Steel 91525 Brigham Minerals 19.90 – 4 41.5 6.6 Natural Gas (Div.) 93

1770 National Presto Ind. 91.37 4 3 13.4 6.6 Diversified Co. 52618 Williams Cos. 23.09 3 3 21.6 6.6 Oil/Gas Distribution 62

1528 Gaming and Leisure 42.00 3 3 22.5 6.5 R.E.I.T. 22634 Rattler Midstream LP 15.40 – 3 13.5 6.5 Pipeline MLPs 16502 BP PLC ADR 38.63 3 3 17.2 6.4 Petroleum (Integrated) 42332 GasLog Ltd. 9.35 4 4 9.9 6.4 Maritime 88

1593 Peabody Energy 9.82 5 3 6.9 6.4 Metals & Mining (Div.) 81519 Royal Dutch Shell ‘B’ 59.14 3 2 9.4 6.4 Petroleum (Integrated) 42

2452 Compass Diversified 22.82 3 3 NMF 6.3 Public/Private Equity –2203 L Brands 19.17 5 4 8.6 6.3 Retail (Softlines) 832375 Meredith Corp. 36.36 5 3 12.1 6.3 Publishing 822352 Extended Stay America 14.87 4 3 11.6 6.2 Hotel/Gaming 631219 Pattern Energy Group 27.39 – 3 NMF 6.2 Power 411594 Rio Tinto plc 54.67 2 3 8.8 6.2 Metals & Mining (Div.) 812397 WPP PLC ADR 64.50 3 2 11.9 6.2 Advertising 442136 Big Lots Inc. 20.69 5 3 6.7 6.1 Retail Store 351534 MGM Growth Properties 30.72 3 3 30.1 6.1 R.E.I.T. 222395 OUTFRONT Media 24.95 3 3 19.8 6.1 Advertising 44631 Phillips 66 Partners 56.56 1 3 12.5 6.1 Pipeline MLPs 16566 Chemours Co. (The) 16.60 5 4 7.0 6.0 Chemical (Specialty) 66

2200 Designer Brands 16.74 4 3 8.4 6.0 Retail (Softlines) 832144 Kohl’s Corp. 48.40 4 3 9.1 6.0 Retail Store 35

611 Enbridge Inc. 50.27 2 3 17.2 5.9 Oil/Gas Distribution 62616 TC Energy Corp. 50.97 2 3 16.6 5.9 Oil/Gas Distribution 62

1034 Telefonica SA ADR 7.44 3 4 10.3 5.9 Telecom. Utility 24521 Total S.A. ADR 53.79 3 1 12.1 5.9 Petroleum (Integrated) 42

1996 Universal Corp. 51.51 3 3 12.2 5.9 Tobacco 741547 Simon Property Group 149.24 3 2 21.1 5.8 R.E.I.T. 222202 Gap (The), Inc. 17.16 4 3 8.1 5.7 Retail (Softlines) 832564 Janus Henderson plc 25.39 4 3 9.4 5.7 Financial Svcs. (Div.) 131505 New York Community 11.96 3 3 14.8 5.7 Thrift 141993 Philip Morris Int’l 82.37 3 2 15.3 5.7 Tobacco 74917 AT&T Inc. 37.26 2 1 10.2 5.6 Telecom. Services 72226 Patterson Cos. 19.70 4 3 16.8 5.6 Med Supp Non-Invasive 21

1564 Power Financial 32.35 2 2 9.6 5.6 Insurance (Life) 371548 SITE Centers 14.39 3 3 72.0 5.6 R.E.I.T. 221956 SpartanNash Co. 13.83 5 3 9.2 5.5 Retail/Wholesale Food 91550 Ventas, Inc. 57.64 3 3 45.4 5.5 R.E.I.T. 221611 AbbVie Inc. 87.76 3 3 9.6 5.4 Drug 61

2405 Denbury Resources 1.02 490% – 5 Petroleum (Producing) 942411 Oasis Petroleum 2.53 455% 5 5 Petroleum (Producing) 942415 Whiting Petroleum 5.43 450% 5 5 Petroleum (Producing) 94526 CNX Resources 7.58 430% 4 4 Natural Gas (Div.) 93610 Clean Energy Fuels 1.93 420% – 5 Oil/Gas Distribution 62

2177 Michaels Cos. (The) 8.38 405% 5 4 Retail (Hardlines) 90528 California Resources 6.50 400% 4 5 Natural Gas (Div.) 93

1032 Consol. Communic. 4.12 385% – 4 Telecom. Utility 24530 Centennial Resource Dev. 3.29 370% 5 4 Natural Gas (Div.) 93

1637 Opko Health 1.63 360% 5 5 Drug 612376 Quad/Graphics Inc. 4.28 355% – 5 Publishing 82333 Golar LNG Ltd. 12.40 345% 5 4 Maritime 88

1177 Owens-Illinois 9.55 345% 5 3 Packaging & Container 581615 Aphria Inc. 4.56 340% – 4 Drug 612333 Lions Gate ‘A’ 9.17 335% 4 3 Entertainment 86332 GasLog Ltd. 9.35 330% 4 4 Maritime 88740 Cleveland-Cliffs Inc. 8.25 325% 4 5 Steel 91

2576 SLM Corporation 8.65 305% 3 3 Financial Svcs. (Div.) 131026 WideOpenWest, Inc. 6.07 305% 4 4 Cable TV 20828 Alkermes plc 21.41 295% 5 3 Biotechnology 77707 Bombardier Inc. ‘B’ 2.04 290% 5 5 Aerospace/Defense 45541 Paramount Resources 6.23 285% 5 4 Natural Gas (Div.) 93

1339 Plantronics Inc. 25.50 280% 4 3 Electronics 592325 AMC Networks 38.76 275% 3 3 Entertainment 86537 Enerplus Corp. 8.64 275% 4 4 Natural Gas (Div.) 93981 Cooper-Standard 29.54 265% 5 3 Auto Parts 87536 Encana Corp. 4.12 265% 3 4 Natural Gas (Div.) 93

2170 Fossil Group 7.43 265% 5 5 Retail (Hardlines) 90995 Modine Mfg. 7.52 265% 5 4 Auto Parts 87

2184 Signet Jewelers Ltd. 17.09 265% 5 4 Retail (Hardlines) 902435 Valaris plc 4.41 265% – 5 Oilfield Svcs/Equip. 952329 Entercom Communic. 4.74 260% – 3 Entertainment 861960 United Natural Foods 8.97 260% 5 4 Retail/Wholesale Food 91593 Peabody Energy 9.82 255% 5 3 Metals & Mining (Div.) 81975 Amer. Axle 10.00 250% 5 3 Auto Parts 87

2335 MSG Networks 16.52 250% 4 3 Entertainment 862342 Sirius XM Holdings 6.85 250% 3 4 Entertainment 86750 TimkenSteel Corp. 5.75 250% 5 4 Steel 91

2431 ProPetro Holding 8.72 245% 5 3 Oilfield Svcs/Equip. 951903 B&G Foods 16.19 240% 4 3 Food Processing 301624 Cronos Group 6.90 240% – 4 Drug 611585 Alliance Resource 11.14 235% 4 3 Metals & Mining (Div.) 81608 Antero Midstream Corp. 5.00 230% – 4 Oil/Gas Distribution 62

1706 Briggs & Stratton 5.94 230% – 4 Machinery 401227 Fluor Corp. 18.15 230% 5 4 Engineering & Const 842432 RPC Inc. 3.80 230% 5 4 Oilfield Svcs/Equip. 952622 DXC Technology 36.96 225% 5 3 IT Services 31191 Newell Brands 19.28 225% 3 3 Household Products 29751 U.S. Steel Corp. 13.79 225% 5 4 Steel 91948 CommScope Holding 14.09 220% 4 3 Telecom. Equipment 39

2145 Macy’s Inc. 15.56 220% 5 3 Retail Store 35806 MEDNAX, Inc. 27.15 220% 4 3 Medical Services 18

1220 SunPower Corp. 7.36 220% 3 5 Power 412330 Entravision Communic. 2.88 215% – 4 Entertainment 861333 iRobot Corp. 47.54 215% 3 3 Electronics 592183 Qurate Retail 9.53 215% 5 3 Retail (Hardlines) 902013 SciPlay Corp. 10.25 215% – 3 Entertainment Tech 51603 Sierra Wireless 8.77 215% 5 4 Wireless Networking 50319 ArcBest Corp. 28.84 210% 4 3 Trucking 69

1601 CVR Partners, LP 2.91 210% – 4 Chemical (Basic) 79513 Murphy Oil Corp. 24.08 210% 3 4 Petroleum (Integrated) 42632 Plains All Amer. Pipe. 17.79 210% 3 3 Pipeline MLPs 16587 Rayonier Advanced Mat. 3.85 210% – 5 Chemical (Specialty) 66595 Boingo Wireless 11.49 205% 4 4 Wireless Networking 50

2403 Continental Resources 32.59 205% 5 4 Petroleum (Producing) 941536 Mack-Cali R’lty 21.46 205% – 3 R.E.I.T. 222302 AMC Entertainment Hldgs. 8.38 200% 3 3 Recreation 601622 Canopy Growth Corp. 18.45 200% – 4 Drug 612197 Chico’s FAS 4.18 200% – 5 Retail (Softlines) 831188 Edgewell Personal Care 30.91 200% 4 3 Household Products 29599 GTT Communications 5.48 200% 4 4 Wireless Networking 50

2445 Trinseo S.A. 39.84 200% 4 3 Chemical (Diversified) 80737 AK Steel Holding 2.71 195% 4 5 Steel 91942 ADTRAN, Inc. 9.26 195% 4 3 Telecom. Equipment 39

1109 CEMEX ADS 3.71 195% 4 4 Building Materials 311341 Resideo Technologies 10.13 195% – 3 Electronics 591381 TTM Technologies 13.45 195% 4 3 Semiconductor 562345 Viacom Inc. ‘B’ 23.91 195% – 3 Entertainment 862163 At Home Group 8.42 190% 3 4 Retail (Hardlines) 902389 Clear Channel Outdoor 2.43 190% 5 5 Advertising 441150 Interface Inc. ‘A’ 17.28 190% 3 3 Furn/Home Furnishings 272375 Meredith Corp. 36.36 190% 5 3 Publishing 82959 Nokia Corp. ADR 3.47 190% 3 4 Telecom. Equipment 39524 Antero Resources 2.09 185% 5 5 Natural Gas (Div.) 93

2168 Container Store Group 4.04 185% – 5 Retail (Hardlines) 90363 Fiesta Restaurant 9.58 185% 5 3 Restaurant 43160 Manitowoc Co. 16.76 185% 4 4 Heavy Truck & Equip 55515 PBF Energy 31.68 185% 4 3 Petroleum (Integrated) 42

2026 Third Point Reinsurance 9.57 185% 4 3 Reinsurance 341590 Freep’t-McMoRan Inc. 11.66 180% 4 5 Metals & Mining (Div.) 811141 Lumber Liquidators 8.80 180% 5 4 Retail Building Supply 151535 Macerich Comp. (The) 26.57 180% 4 3 R.E.I.T. 221986 Panasonic Corp. 8.91 180% 3 3 Foreign Electronics 32226 Patterson Cos. 19.70 180% 4 3 Med Supp Non-Invasive 21

1539 Penn. R.E.I.T. 5.76 180% 5 4 R.E.I.T. 221578 Pretium Resources 9.58 180% 3 5 Precious Metals 2109 Tata Motors ADR 11.54 180% 5 4 Automotive 65

1110 Cornerstone Building 7.33 175% – 5 Building Materials 311755 EnPro Industries 65.96 175% 4 3 Diversified Co. 522332 Gray Television 20.89 175% 4 4 Entertainment 86

Page 32 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

HIGHEST DIVIDEND YIELDING STOCKS (Based upon estimated year-ahead dividends per share)Current %

Page Recent Time- Safety P/E Est’d IndustryNo. Stock Name Price liness Rank Ratio Yield Industry Group Rank

Current %Page Recent Time- Safety P/E Est’d IndustryNo. Stock Name Price liness Rank Ratio Yield Industry Group Rank

STOCKS WITH HIGH 3- TO 5-YEAR PRICE APPRECIATION POTENTIALSome of the stocks tabulated below are very risky and appreciation potentialities tentative. Please read the full-page reports in Ratings & Reports togain an understanding of the risks entailed. Some of these stocks may not be timely investment commitments. (See the Performance Ranks below.)

3- toPage Recent 5-year Time- Safety IndustryNo. Stock Name Price Potential liness Rank Industry Group Rank

3- toPage Recent 5-year Time- Safety IndustryNo. Stock Name Price Potential liness Rank Industry Group Rank

Page 33: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2551 Credit Acceptance 430.37 43.04 2 3 Financial Svcs. (Div.) 132337 Netflix, Inc. 315.55 40.00 3 3 Entertainment 861823 Check Point Software 117.16 37.52 3 1 E-Commerce 541134 Taylor Morrison Home 23.09 34.95 3 3 Homebuilding 72581 Voya Financial 58.24 29.35 3 3 Financial Svcs. (Div.) 13838 Jazz Pharmac. plc 147.66 25.71 3 3 Biotechnology 77

1353 Ambarella, Inc. 58.03 23.31 2 4 Semiconductor 561131 NVR, Inc. 3720.88 22.53 1 2 Homebuilding 71618 Bausch Health 27.70 21.35 3 5 Drug 611133 TRI Pointe Group 15.33 21.30 3 3 Homebuilding 72587 ANSYS, Inc. 249.42 20.04 1 2 Computer Software 111820 Arista Networks 197.91 16.56 3 3 E-Commerce 542558 FleetCor Technologies 299.52 15.59 1 3 Financial Svcs. (Div.) 132190 WW International 42.69 15.18 4 4 Retail (Hardlines) 901351 Advanced Energy 63.38 14.99 3 3 Semiconductor 562640 Booking Holdings 1897.54 14.50 2 3 Internet 702628 Manhattan Assoc. 81.45 13.97 3 3 IT Services 32327 Discovery, Inc. 32.33 13.79 3 3 Entertainment 86840 Myriad Genetics 26.76 13.57 4 3 Biotechnology 77

2656 VeriSign Inc. 188.13 13.09 2 3 Internet 701614 Allergan plc 185.00 12.53 – 3 Drug 61948 CommScope Holding 14.09 12.37 4 3 Telecom. Equipment 39

1978 Monster Beverage 58.66 12.37 2 3 Beverage 48723 TransDigm Group 571.01 12.18 2 3 Aerospace/Defense 45

1626 Endo Int’l plc 4.89 12.04 5 5 Drug 611316 WESCO Int’l 53.62 12.01 4 3 Electrical Equipment 641135 Toll Brothers 40.27 11.67 3 3 Homebuilding 7806 MEDNAX, Inc. 27.15 11.50 4 3 Medical Services 18968 Diplomat Pharmacy 4.35 11.44 – 5 Pharmacy Services 75

2636 Alibaba Group Hldg Ltd. 190.45 11.07 3 3 Internet 702010 Electronic Arts 99.80 10.99 3 3 Entertainment Tech 511722 Middleby Corp. (The) 115.77 10.99 3 3 Machinery 402164 Avis Budget Group 30.47 10.95 4 4 Retail (Hardlines) 901009 Helen of Troy Ltd. 159.23 10.26 1 3 Toiletries/Cosmetics 251127 KB Home 34.65 10.16 3 3 Homebuilding 7604 Ubiquiti Inc. 197.81 9.90 3 3 Wireless Networking 50

2175 Insight Enterprises 65.58 9.71 3 3 Retail (Hardlines) 901376 Rambus Inc. 13.31 9.70 3 3 Semiconductor 56951 F5 Networks 145.88 9.19 4 3 Telecom. Equipment 39826 Veeva Systems 156.95 9.01 3 3 Healthcare Information 78

1314 Trimble Inc. 39.99 8.58 3 3 Electrical Equipment 641409 ScanSource 35.60 8.51 4 3 Computers/Peripherals 67725 Wesco Aircraft 10.97 8.50 – 3 Aerospace/Defense 45

2589 Cadence Design Sys. 68.17 8.49 2 3 Computer Software 11222 Natus Medical 32.22 8.49 3 3 Med Supp Non-Invasive 21

1128 Lennar Corp. 59.43 8.36 2 3 Homebuilding 71130 Meritage Homes 67.10 8.34 1 3 Homebuilding 72612 VMware, Inc. 168.73 8.32 4 3 Computer Software 11434 CoStar Group 608.15 8.28 2 3 Information Services 6

2586 Adobe Inc. 305.28 8.16 2 2 Computer Software 11

606 Zebra Techn. ‘A’ 248.94 8.00 2 3 Wireless Networking 50844 United Therapeutics 95.34 7.78 4 3 Biotechnology 77803 ICON plc 159.65 7.37 2 3 Medical Services 18

2618 CACI Int’l 239.27 7.35 2 3 IT Services 31372 NXP Semiconductors NV 117.08 7.23 3 3 Semiconductor 562609 Synopsys, Inc. 138.19 7.17 1 1 Computer Software 11433 CoreLogic 40.96 7.12 3 3 Information Services 6

1366 MaxLinear, Inc. 20.57 7.08 4 3 Semiconductor 561634 Nektar Therapeutics 21.18 7.05 5 5 Drug 611619 Biogen 302.61 7.04 3 3 Drug 61963 Synaptics 58.51 6.99 3 3 Telecom. Equipment 39

1357 Cirrus Logic 71.44 6.88 2 3 Semiconductor 56937 Vonage Holdings 7.72 6.88 2 3 Telecom. Services 72184 Intuitive Surgical 581.50 6.85 2 2 Med Supp Invasive 8

2325 AMC Networks 38.76 6.78 3 3 Entertainment 861648 ASGN Inc. 66.06 6.73 3 3 Human Resources 731391 Kulicke & Soffa 24.89 6.70 4 3 Semiconductor Equip 49819 Allscripts Healthcare 11.03 6.68 4 3 Healthcare Information 78

2590 Citrix Sys. 114.04 6.58 2 3 Computer Software 111633 Mylan N.V. 18.06 6.44 – 3 Drug 61381 CBRE Group 56.12 6.37 3 3 Industrial Services 10

1411 Tech Data 129.10 6.37 – 3 Computers/Peripherals 67791 Amedisys, Inc. 163.29 6.34 2 3 Medical Services 18795 Cigna Corp. 203.87 6.26 2 3 Medical Services 18173 Boston Scientific 42.85 6.23 2 3 Med Supp Invasive 8133 Waters Corp. 221.24 6.23 3 2 Precision Instrument 47

2624 Fair Isaac 365.32 6.17 2 3 IT Services 3712 HEICO Corp. 128.67 6.09 2 3 Aerospace/Defense 45

1729 Roper Tech. 359.69 6.07 2 1 Machinery 401639 Perrigo Co. plc 50.05 6.06 4 3 Drug 611802 E*Trade Fin’l 43.90 6.02 4 3 Brokers & Exchanges 192614 ACI Worldwide 37.45 5.98 3 3 IT Services 32606 SS&C Techn. Hldgs 60.12 5.88 3 3 Computer Software 11129 PerkinElmer Inc. 92.10 5.80 3 3 Precision Instrument 47195 Varian Medical Sys. 133.49 5.77 4 1 Med Supp Invasive 8

1322 Anixter Int’l 85.65 5.65 – 3 Electronics 592623 EPAM Systems 212.74 5.63 3 3 IT Services 3635 Shell Midstream L.P. 20.27 5.60 3 3 Pipeline MLPs 16

1226 AECOM 42.96 5.59 3 3 Engineering & Const 842633 Tyler Technologies 289.33 5.55 1 3 IT Services 31942 USANA Health Sciences 74.13 5.55 4 3 Food Processing 301214 Generac Holdings 97.31 5.53 3 3 Power 412183 Qurate Retail 9.53 5.50 5 3 Retail (Hardlines) 902648 Grubhub Inc. 42.67 5.45 4 4 Internet 70131 Thermo Fisher Sci. 310.60 5.43 2 2 Precision Instrument 47

2158 Madden (Steven) Ltd. 43.00 5.41 3 3 Shoe 36213 Hologic, Inc. 51.28 5.40 3 3 Med Supp Non-Invasive 21

2622 DXC Technology 36.96 5.34 5 3 IT Services 32621 Cognizant Technology 63.36 5.33 4 2 IT Services 32583 WEX Inc. 201.58 5.31 2 3 Financial Svcs. (Div.) 13

1329 Fitbit Inc. FIT 6.78 137.9% – 41215 Green Plains Inc. GPRE 15.22 109.9% 5 41631 Medicines Company MDCO 83.80 102.1% – 41318 ADT Inc. ADT 9.15 100.2% – 31626 Endo Int’l plc ENDP 4.89 91.8% 5 5963 Synaptics SYNA 58.51 89.4% 3 3796 Community Health CYH 3.37 86.2% – 5970 Rite Aid Corp. RAD 9.54 84.2% – 5604 Ubiquiti Inc. UI 197.81 83.0% 3 3217 Invacare Corp. IVC 9.76 82.8% – 4

1775 Realogy Holdings RLGY 10.75 80.7% 5 41418 Office Depot ODP 2.25 80.0% 5 52385 Tribune Publishing Co. TPCO 13.01 77.7% – 42366 Scientific Games SGMS 28.79 71.4% 4 5590 Tronox Holding plc TROX 11.60 70.1% 4 5

2174 Hibbett Sports HIBB 28.63 68.5% 3 31412 Unisys Corp. UIS 11.52 68.2% 4 52165 Bed Bath & Beyond BBBY 13.57 67.5% 4 3216 Inogen, Inc. INGN 76.15 67.5% 5 4

2177 Michaels Cos. (The) MIK 8.38 66.6% 5 41110 Cornerstone Building CNR 7.33 66.2% – 5716 Maxar Technologies MAXR 10.79 66.0% 3 4

2197 Chico’s FAS CHS 4.18 65.9% – 51973 Craft Brew Alliance BREW 16.50 65.2% – 41150 Interface Inc. ‘A’ TILE 17.28 64.6% 3 32367 Stars Group (The) TSG 23.82 64.0% – 32390 Donnelley (R.R) & Sons RRD 3.67 63.8% – 52171 GameStop Corp. GME 6.03 63.0% 5 52122 Camping World Holdings CWH 12.22 62.9% 5 4843 Seattle Genetics SGEN 121.62 62.6% 3 4975 Amer. Axle AXL 10.00 62.1% 5 3

1237 Tutor Perini TPC 15.72 62.1% 4 3813 Tenet Healthcare THC 32.51 61.5% 3 4

2188 Tiffany & Co. TIF 133.25 61.2% – 31335 KEMET Corp. KEM 26.65 60.3% – 4200 Align Techn. ALGN 278.07 60.0% 4 3

1643 Teva Pharmac. ADR TEVA 10.72 59.8% 5 41411 Tech Data TECD 129.10 59.4% – 3836 Intercept Pharmac. ICPT 96.34 59.2% 4 4

2323 Winnebago WGO 49.41 59.1% 3 3994 Meritor, Inc. MTOR 25.58 58.2% 4 4

924 Intelsat S.A. I 6.45 –66.8% 4 51617 Aurora Cannabis ACB 2.52 –54.8% – 41597 U.S. Silica Holdings SLCA 5.13 –52.0% – 41904 Beyond Meat BYND 77.28 –50.8% – 42376 Quad/Graphics Inc. QUAD 4.28 –50.5% – 52652 Pinterest, Inc. PINS 18.95 –44.0% – 4961 Ribbon Communications RBBN 2.88 –44.0% – 4

1593 Peabody Energy BTU 9.82 –43.5% 5 31220 SunPower Corp. SPWR 7.36 –43.5% 3 5937 Vonage Holdings VG 7.72 –40.7% 2 3

2170 Fossil Group FOSL 7.43 –38.1% 5 5369 Shake Shack SHAK 61.07 –38.1% 3 4

1624 Cronos Group CRON 6.90 –37.4% – 4945 Casa Systems CASA 3.52 –35.2% – 4599 GTT Communications GTT 5.48 –34.4% 4 4

2591 CrowdStrike Hldgs. CRWD 55.84 –33.6% – 42001 Grand Canyon Educ. LOPE 84.86 –33.1% 4 3799 Exact Sciences EXAS 81.72 –31.3% 2 4403 ServiceMaster Global SERV 39.25 –30.7% – 3959 Nokia Corp. ADR NOK 3.47 –29.8% 3 4

1843 Zscaler, Inc. ZS 50.39 –29.5% – 3612 EnLink Midstream LLC ENLC 5.02 –29.4% 5 4

1578 Pretium Resources PVG 9.58 –29.4% 3 5528 California Resources CRC 6.50 –29.1% 4 5

1828 HubSpot, Inc. HUBS 146.10 –28.7% 3 42189 Ulta Beauty ULTA 231.21 –28.6% 3 31950 Grocery Outlet GO 31.77 –27.8% – 32432 RPC Inc. RES 3.80 –27.6% 5 42655 Twitter Inc. TWTR 30.54 –27.5% 3 41194 Tupperware Brands TUP 8.83 –26.8% 5 41926 Maple Leaf Foods MFI.TO 23.29 –26.6% 3 2608 Antero Midstream Corp. AM 5.00 –26.5% – 4

1416 Diebold Nixdorf DBD 7.95 –26.1% 4 51585 Alliance Resource ARLP 11.14 –25.4% 4 3524 Antero Resources AR 2.09 –25.4% 5 5373 Wingstop Inc. WING 77.02 –25.3% 3 3

1838 Slack Technologies WORK 22.50 –24.8% – 3530 Centennial Resource Dev. CDEV 3.29 –24.5% 5 4

2648 Grubhub Inc. GRUB 42.67 –24.4% 4 42641 Chewy, Inc. CHWY 23.39 –24.0% – 41615 Aphria Inc. APHA 4.56 –23.9% – 4

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 33

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

BIGGEST ‘‘FREE FLOW’’ CASH GENERATORSStocks of companies that have earned more ‘‘cash flow’’ in the last 5 years

than was required to build plant and pay dividendsRatio

‘‘Cash Flow’’Page Recent To Time- Safety IndustryNo. Stock Name Price Cash Out liness Rank Industry Group Rank

Ratio‘‘Cash Flow’’

Page Recent To Time- Safety IndustryNo. Stock Name Price Cash Out liness Rank Industry Group Rank

BEST PERFORMING STOCKS(Measured by Price Change in the Last 13 Weeks)

PercentPage Recent Change Time- SafetyNo. Stock Name Ticker Price In Price liness Rank

PercentPage Recent Change Time- SafetyNo. Stock Name Ticker Price In Price liness Rank

WORST PERFORMING STOCKS(Measured by Price Change in the Last 13 Weeks)

Page 34: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2427 Noble Corp. plc NE 1.19 16.25 7% – 5 2.20 NMF NIL Oilfield Svcs/Equip. 95524 Antero Resources AR 2.09 24.40 9% 5 5 1.50 NMF NIL Natural Gas (Div.) 93

2435 Valaris plc VAL 4.41 49.10 9% – 5 2.30 NMF NIL Oilfield Svcs/Equip. 952415 Whiting Petroleum WLL 5.43 45.10 12% 5 5 2.85 NMF NIL Petroleum (Producing) 941559 Genworth Fin’l GNW 4.07 27.50 15% – 5 1.55 3.7 NIL Insurance (Life) 37337 Teekay Corp. TK 5.20 28.20 18% – 5 2.20 NMF NIL Maritime 88

2411 Oasis Petroleum OAS 2.53 11.60 22% 5 5 2.35 NMF NIL Petroleum (Producing) 942414 Range Resources RRC 3.88 16.40 24% 5 4 1.55 NMF 2.1 Petroleum (Producing) 942434 Transocean Ltd. RIG 5.03 20.55 24% 5 5 2.00 NMF NIL Oilfield Svcs/Equip. 952419 Diamond Offshore DO 6.05 23.80 25% 5 4 1.75 NMF NIL Oilfield Svcs/Equip. 95530 Centennial Resource Dev. CDEV 3.29 11.80 28% 5 4 1.75 29.9 NIL Natural Gas (Div.) 93542 QEP Resources QEP 3.32 11.95 28% 5 4 2.10 7.4 2.4 Natural Gas (Div.) 93

1960 United Natural Foods UNFI 8.97 29.54 30% 5 4 1.45 3.7 NIL Retail/Wholesale Food 9305 Atlas Air Worldwide AAWW 26.18 84.60 31% 5 3 1.70 5.5 NIL Air Transport 71526 CNX Resources CNX 7.58 24.20 31% 4 4 1.50 3.3 NIL Natural Gas (Div.) 93

1593 Peabody Energy BTU 9.82 32.00 31% 5 3 1.25 6.9 6.4 Metals & Mining (Div.) 81529 Callon Petroleum CPE 3.76 11.55 33% – 4 2.00 3.5 NIL Natural Gas (Div.) 93543 Southwestern Energy SWN 1.95 5.95 33% 5 4 1.70 4.1 NIL Natural Gas (Div.) 93

2425 Nabors Inds. NBR 2.10 6.20 34% 5 5 2.25 NMF 1.9 Oilfield Svcs/Equip. 952405 Denbury Resources DNR 1.02 2.90 35% – 5 2.70 2.7 NIL Petroleum (Producing) 942407 Laredo Petroleum LPI 2.34 6.30 37% 5 5 2.15 2.7 NIL Petroleum (Producing) 941597 U.S. Silica Holdings SLCA 5.13 13.80 37% – 4 2.15 NMF 4.9 Metals & Mining (Div.) 81332 GasLog Ltd. GLOG 9.35 24.55 38% 4 4 1.65 9.9 6.4 Maritime 88587 Rayonier Advanced Mat. RYAM 3.85 10.15 38% – 5 2.15 NMF NIL Chemical (Specialty) 66541 Paramount Resources POU.TO 6.23 16.05 39% 5 4 2.20 13.3 NIL Natural Gas (Div.) 93

2404 Crescent Point Energy CPG.TO 4.99 12.35 40% 4 4 1.75 11.9 0.8 Petroleum (Producing) 94738 ArcelorMittal MT 17.45 43.00 41% 5 3 1.85 NMF 1.1 Steel 91970 Rite Aid Corp. RAD 9.54 22.35 43% – 5 1.25 35.3 NIL Pharmacy Services 75

1775 Realogy Holdings RLGY 10.75 22.75 47% 5 4 1.15 9.2 NIL Diversified Co. 52622 DCP Midstream LP DCP 22.38 46.90 48% 4 3 1.70 NMF 13.9 Pipeline MLPs 16

2329 Entercom Communic. ETM 4.74 9.90 48% – 3 1.20 5.1 1.7 Entertainment 86510 Husky Energy HSE.TO 9.89 20.05 49% 4 3 1.25 13.5 5.1 Petroleum (Integrated) 42108 Nissan Motor ADR NSANY 12.35 24.55 50% 4 3 1.00 8.1 8.9 Automotive 65

1596 Teck Resources ‘B’ TECKB.TO 21.12 42.55 50% 4 3 1.65 6.4 0.9 Metals & Mining (Div.) 81750 TimkenSteel Corp. TMST 5.75 11.40 50% 5 4 2.35 NMF NIL Steel 91

1592 Natural Resource NRP 21.11 41.15 51% 3 4 1.40 4.0 8.5 Metals & Mining (Div.) 81961 Ribbon Communications RBBN 2.88 5.50 52% – 4 1.15 NMF NIL Telecom. Equipment 39

1237 Tutor Perini TPC 15.72 30.35 52% 4 3 1.60 6.4 NIL Engineering & Const 84540 PDC Energy PDCE 24.21 45.50 53% 3 4 1.70 9.2 NIL Natural Gas (Div.) 93

2376 Quad/Graphics Inc. QUAD 4.28 8.00 53% – 5 1.30 NMF 14.0 Publishing 82330 Diana Shipping DSX 3.44 6.25 55% – 5 1.45 17.2 NIL Maritime 88624 Enable Midstream Part. ENBL 9.47 17.15 55% 4 3 1.15 9.1 13.9 Pipeline MLPs 16751 U.S. Steel Corp. X 13.79 25.00 55% 5 4 2.10 30.6 1.5 Steel 91

1706 Briggs & Stratton BGG 5.94 10.62 56% – 4 1.35 29.7 3.4 Machinery 40536 Encana Corp. ECA 4.12 7.40 56% 3 4 1.85 7.0 1.9 Natural Gas (Div.) 93

2430 Patterson-UTI Energy PTEN 9.16 16.25 56% 5 4 1.85 NMF 1.7 Oilfield Svcs/Equip. 952302 AMC Entertainment Hldgs. AMC 8.38 14.75 57% 3 3 1.05 15.0 9.5 Recreation 601637 Opko Health OPK 1.63 2.85 57% 5 5 1.60 NMF NIL Drug 611638 PDL BioPharma PDLI 3.06 5.35 57% – 4 1.10 12.8 NIL Drug 611109 CEMEX ADS CX 3.71 6.40 58% 4 4 1.60 4.7 NIL Building Materials 311418 Office Depot ODP 2.25 3.90 58% 5 5 1.30 6.8 4.4 Office Equip/Supplies 922563 Invesco Ltd. IVZ 17.75 30.20 59% 4 3 1.40 14.0 7.0 Financial Svcs. (Div.) 13932 Telephone & Data TDS 23.64 39.90 59% 4 3 1.20 23.2 2.9 Telecom. Services 72

1763 Jefferies Fin’l Group JEF 20.95 34.15 61% 3 3 1.25 17.5 2.4 Diversified Co. 522026 Third Point Reinsurance TPRE 9.57 15.70 61% 4 3 1.00 3.4 NIL Reinsurance 342170 Fossil Group FOSL 7.43 12.00 62% 5 5 1.50 10.6 NIL Retail (Hardlines) 90995 Modine Mfg. MOD 7.52 12.05 62% 5 4 1.45 5.1 NIL Auto Parts 87513 Murphy Oil Corp. MUR 24.08 39.05 62% 3 4 1.75 2.9 4.2 Petroleum (Integrated) 42999 Tenneco Inc. TEN 12.51 20.25 62% 4 3 1.60 2.8 NIL Auto Parts 87107 Honda Motor ADR HMC 28.95 44.90 64% 3 3 1.10 8.3 3.6 Automotive 65975 Amer. Axle AXL 10.00 15.40 65% 5 3 1.65 6.7 NIL Auto Parts 87981 Cooper-Standard CPS 29.54 45.70 65% 5 3 1.30 11.3 NIL Auto Parts 87

2333 Lions Gate ‘A’ LGFA 9.17 14.05 65% 4 3 1.20 13.1 NIL Entertainment 861607 Mosaic Company MOS 18.64 28.80 65% 4 3 1.50 18.3 1.2 Chemical (Basic) 79992 Linamar Corp. LNR.TO 43.54 66.20 66% 4 3 1.25 6.1 1.1 Auto Parts 87

1000 Titan Int’l TWI 3.09 4.65 66% – 5 1.95 NMF 0.6 Auto Parts 871568 Unum Group UNM 30.28 45.65 66% 4 3 1.30 5.2 3.8 Insurance (Life) 372330 Entravision Communic. EVC 2.88 4.30 67% – 4 1.15 20.6 6.9 Entertainment 862163 At Home Group HOME 8.42 12.45 68% 3 4 1.35 10.8 NIL Retail (Hardlines) 902171 GameStop Corp. GME 6.03 8.90 68% 5 5 1.05 4.5 NIL Retail (Hardlines) 901215 Green Plains Inc. GPRE 15.22 22.50 68% 5 4 1.75 NMF NIL Power 411653 Kelly Services ‘A’ KELYA 22.11 32.70 68% 3 3 0.95 9.1 1.4 Human Resources 732183 Qurate Retail QRTEA 9.53 14.00 68% 5 3 1.15 7.4 NIL Retail (Hardlines) 901032 Consol. Communic. CNSL 4.12 5.95 69% – 4 1.10 NMF NIL Telecom. Utility 242184 Signet Jewelers Ltd. SIG 17.09 24.60 69% 5 4 1.20 5.4 8.7 Retail (Hardlines) 902015 TiVo Corp. TIVO 7.93 11.45 69% 4 4 1.40 NMF NIL Entertainment Tech 511956 SpartanNash Co. SPTN 13.83 19.85 70% 5 3 1.30 9.2 5.5 Retail/Wholesale Food 9612 EnLink Midstream LLC ENLC 5.02 7.05 71% 5 4 1.75 NMF 22.5 Oil/Gas Distribution 62

1633 Mylan N.V. MYL 18.06 25.55 71% – 3 1.35 24.7 NIL Drug 612429 Oil States Int’l OIS 16.42 23.05 71% 5 3 1.70 NMF NIL Oilfield Svcs/Equip. 95934 U.S. Cellular USM 33.90 47.65 71% 5 3 1.15 24.9 NIL Telecom. Services 72

1583 Alcoa Corp. AA 20.44 28.35 72% 4 3 1.75 NMF NIL Metals & Mining (Div.) 812549 CIT Group CIT 45.61 63.05 72% 4 3 1.30 8.7 3.1 Financial Svcs. (Div.) 131601 CVR Partners, LP UAN 2.91 4.05 72% – 4 1.25 NMF 13.7 Chemical (Basic) 792168 Container Store Group TCS 4.04 5.60 72% – 5 1.30 8.4 NIL Retail (Hardlines) 902020 Assured Guaranty AGO 49.22 67.75 73% 3 3 1.10 11.9 1.6 Reinsurance 341923 Kraft Heinz Co. KHC 31.06 42.60 73% 4 3 0.90 11.7 5.2 Food Processing 301563 MetLife Inc. MET 49.95 68.85 73% 3 3 1.30 8.5 3.6 Insurance (Life) 372145 Macy’s Inc. M 15.56 20.95 74% 5 3 1.05 5.7 9.7 Retail Store 35806 MEDNAX, Inc. MD 27.15 36.90 74% 4 3 0.95 8.0 NIL Medical Services 18

1327 Celestica Inc. CLS 7.70 10.25 75% 4 3 0.95 17.5 NIL Electronics 592024 Greenlight Capital Re GLRE 10.48 13.90 75% 3 4 1.00 10.0 NIL Reinsurance 34623 EQM Midstream Part. EQM 23.55 30.90 76% 2 3 1.15 4.7 19.7 Pipeline MLPs 16344 Greenbrier (The) Cos. GBX 29.38 38.70 76% 4 4 1.75 8.7 3.4 Railroad 23936 Vodafone Group ADR VOD 20.23 26.60 76% 3 3 1.00 25.9 3.3 Telecom. Services 72

2542 Amer. Int’l Group AIG 53.31 69.35 77% 3 3 1.05 11.3 2.4 Financial Svcs. (Div.) 13610 Clean Energy Fuels CLNE 1.93 2.50 77% – 5 1.75 38.6 NIL Oil/Gas Distribution 62988 Goodyear Tire GT 16.37 21.30 77% 4 3 1.40 8.1 4.4 Auto Parts 87

1643 Teva Pharmac. ADR TEVA 10.72 13.95 77% 5 4 1.30 4.4 NIL Drug 612581 Voya Financial VOYA 58.24 76.10 77% 3 3 1.35 15.6 1.0 Financial Svcs. (Div.) 13

Page 34 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

WIDEST DISCOUNTS FROM BOOK VALUEStocks whose ratios of recent price to book value are lowest

PercentBook Price-to- %

Page Recent Value Book Time- Safety P/E Est’d IndustryNo. Stock Name Ticker Price Per sh.* Value liness Rank Beta Ratio Yield Industry Group Rank

*If fiscal 2019 Book Value not available, estimate used.

Page 35: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2410 Noble Energy 21.14 1.0 4 3 Petroleum (Producing) 94528 California Resources 6.50 1.4 4 5 Natural Gas (Div.) 93

2209 Tailored Brands 5.26 1.7 – 5 Retail (Softlines) 831194 Tupperware Brands 8.83 2.6 5 4 Household Products 292405 Denbury Resources 1.02 2.7 – 5 Petroleum (Producing) 942407 Laredo Petroleum 2.34 2.7 5 5 Petroleum (Producing) 94999 Tenneco Inc. 12.51 2.8 4 3 Auto Parts 87513 Murphy Oil Corp. 24.08 2.9 3 4 Petroleum (Integrated) 42

2577 Santander Consumer 23.47 2.9 1 3 Financial Svcs. (Div.) 13526 CNX Resources 7.58 3.3 4 4 Natural Gas (Div.) 93

2026 Third Point Reinsurance 9.57 3.4 4 3 Reinsurance 34529 Callon Petroleum 3.76 3.5 – 4 Natural Gas (Div.) 93

2177 Michaels Cos. (The) 8.38 3.5 5 4 Retail (Hardlines) 901177 Owens-Illinois 9.55 3.6 5 3 Packaging & Container 581559 Genworth Fin’l 4.07 3.7 – 5 Insurance (Life) 371960 United Natural Foods 8.97 3.7 5 4 Retail/Wholesale Food 92622 DXC Technology 36.96 4.0 5 3 IT Services 31592 Natural Resource 21.11 4.0 3 4 Metals & Mining (Div.) 811419 Pitney Bowes 4.63 4.1 5 4 Office Equip/Supplies 922013 SciPlay Corp. 10.25 4.1 – 3 Entertainment Tech 51543 Southwestern Energy 1.95 4.1 5 4 Natural Gas (Div.) 93

1339 Plantronics Inc. 25.50 4.4 4 3 Electronics 592431 ProPetro Holding 8.72 4.4 5 3 Oilfield Svcs/Equip. 951643 Teva Pharmac. ADR 10.72 4.4 5 4 Drug 612325 AMC Networks 38.76 4.5 3 3 Entertainment 862171 GameStop Corp. 6.03 4.5 5 5 Retail (Hardlines) 901109 CEMEX ADS 3.71 4.7 4 4 Building Materials 31623 EQM Midstream Part. 23.55 4.7 2 3 Pipeline MLPs 16

2329 Entercom Communic. 4.74 5.1 – 3 Entertainment 86995 Modine Mfg. 7.52 5.1 5 4 Auto Parts 87982 Dana Inc. 17.22 5.2 4 3 Auto Parts 87

1568 Unum Group 30.28 5.2 4 3 Insurance (Life) 37431 Alliance Data Sys. 105.40 5.4 – 3 Information Services 6

2184 Signet Jewelers Ltd. 17.09 5.4 5 4 Retail (Hardlines) 90305 Atlas Air Worldwide 26.18 5.5 5 3 Air Transport 71979 Commercial Vehicle 7.24 5.5 4 5 Auto Parts 87304 Amer. Airlines 28.99 5.6 3 3 Air Transport 71

2536 AXA Equitable Holdings 24.62 5.7 – 2 Financial Svcs. (Div.) 132145 Macy’s Inc. 15.56 5.7 5 3 Retail Store 352345 Viacom Inc. ‘B’ 23.91 5.7 – 3 Entertainment 862021 Athene Holding Ltd. 44.58 5.9 3 3 Reinsurance 34992 Linamar Corp. 43.54 6.1 4 3 Auto Parts 87

1561 Lincoln Nat’l Corp. 58.72 6.2 4 3 Insurance (Life) 37745 POSCO ADR 48.91 6.3 4 3 Steel 91

2335 MSG Networks 16.52 6.4 4 3 Entertainment 862576 SLM Corporation 8.65 6.4 3 3 Financial Svcs. (Div.) 131596 Teck Resources ‘B’ 21.12 6.4 4 3 Metals & Mining (Div.) 811237 Tutor Perini 15.72 6.4 4 3 Engineering & Const 841618 Bausch Health 27.70 6.6 3 5 Drug 61975 Amer. Axle 10.00 6.7 5 3 Auto Parts 87

2136 Big Lots Inc. 20.69 6.7 5 3 Retail Store 35948 CommScope Holding 14.09 6.7 4 3 Telecom. Equipment 39104 Fiat Chrysler 14.93 6.7 – 3 Automotive 65

1418 Office Depot 2.25 6.8 5 5 Office Equip/Supplies 922326 CBS Corp. ‘B’ 40.09 6.9 4 3 Entertainment 862569 MGIC Investment 14.20 6.9 3 3 Financial Svcs. (Div.) 131593 Peabody Energy 9.82 6.9 5 3 Metals & Mining (Div.) 811134 Taylor Morrison Home 23.09 6.9 3 3 Homebuilding 7566 Chemours Co. (The) 16.60 7.0 5 4 Chemical (Specialty) 66536 Encana Corp. 4.12 7.0 3 4 Natural Gas (Div.) 93

1227 Fluor Corp. 18.15 7.0 5 4 Engineering & Const 842572 Navient Corp. 14.31 7.1 3 3 Financial Svcs. (Div.) 131771 Park-Ohio 32.83 7.1 4 3 Diversified Co. 521341 Resideo Technologies 10.13 7.1 – 3 Electronics 591585 Alliance Resource 11.14 7.3 4 3 Metals & Mining (Div.) 812164 Avis Budget Group 30.47 7.4 4 4 Retail (Hardlines) 90537 Enerplus Corp. 8.64 7.4 4 4 Natural Gas (Div.) 93542 QEP Resources 3.32 7.4 5 4 Natural Gas (Div.) 93

2183 Qurate Retail 9.53 7.4 5 3 Retail (Hardlines) 90106 Gen’l Motors 35.81 7.5 3 3 Automotive 65

1566 Prudential Fin’l 93.67 7.5 4 3 Insurance (Life) 37844 United Therapeutics 95.34 7.5 4 3 Biotechnology 77

2453 Gladstone Capital 10.21 7.6 – 3 Public/Private Equity –1903 B&G Foods 16.19 7.7 4 3 Food Processing 30307 Delta Air Lines 56.35 7.7 2 3 Air Transport 71

2201 Foot Locker 40.17 7.7 4 3 Retail (Softlines) 83991 Lear Corp. 120.93 7.7 4 3 Auto Parts 87314 United Airlines Hldgs. 92.52 7.7 3 3 Air Transport 71

2537 AerCap Hldgs. NV 60.84 7.8 3 3 Financial Svcs. (Div.) 132103 Capri Holdings Ltd. 37.61 7.8 4 3 Apparel 852579 Synchrony Financial 37.33 7.8 2 3 Financial Svcs. (Div.) 131385 Xperi Corp. 19.77 7.8 4 3 Semiconductor 562167 Conn’s, Inc. 21.85 7.9 3 4 Retail (Hardlines) 90102 Daimler AG 58.01 7.9 4 3 Automotive 65309 Hawaiian Hldgs. 30.77 7.9 4 3 Air Transport 71994 Meritor, Inc. 25.58 7.9 4 4 Auto Parts 87

1415 ACCO Brands 9.33 8.0 3 3 Office Equip/Supplies 92806 MEDNAX, Inc. 27.15 8.0 4 3 Medical Services 18

1015 Sally Beauty 18.28 8.0 4 3 Toiletries/Cosmetics 251737 United Rentals 157.02 8.0 3 3 Machinery 401400 Dell Technologies 55.06 8.1 – 3 Computers/Peripherals 672202 Gap (The), Inc. 17.16 8.1 4 3 Retail (Softlines) 83988 Goodyear Tire 16.37 8.1 4 3 Auto Parts 87108 Nissan Motor ADR 12.35 8.1 4 3 Automotive 65

2502 Ally Financial 32.32 8.2 2 3 Bank 461799 BGC Partners 5.74 8.2 – 3 Brokers & Exchanges 19107 Honda Motor ADR 28.95 8.3 3 3 Automotive 65

2168 Container Store Group 4.04 8.4 – 5 Retail (Hardlines) 902200 Designer Brands 16.74 8.4 4 3 Retail (Softlines) 832523 Popular Inc. 56.00 8.4 3 3 Bank 46

1834 Paylocity Holding 117.34 97.8 2 4 E-Commerce 541906 Cal-Maine Foods 43.52 96.7 3 3 Food Processing 30373 Wingstop Inc. 77.02 92.8 3 3 Restaurant 43

1166 Rayonier Inc. 30.48 92.4 3 3 Paper/Forest Products 891318 ADT Inc. 9.15 91.5 – 3 Electronics 591024 Liberty Global plc 21.87 91.1 3 3 Cable TV 201836 salesforce.com 161.71 89.8 4 3 E-Commerce 542588 Autodesk, Inc. 168.88 89.4 3 3 Computer Software 11408 Advanced Disposal 32.85 86.4 – 3 Environmental 5

1511 Alexandria Real Estate 160.81 81.2 3 3 R.E.I.T. 222016 Universal Electronics 55.86 81.0 2 3 Entertainment Tech 511522 Equinix, Inc. 553.85 80.0 2 3 R.E.I.T. 221235 St. Joe Corp. 17.56 79.8 3 3 Engineering & Const 84831 Bio-Techne Corp. 220.09 78.6 3 2 Biotechnology 77

1521 Duke Realty Corp. 34.51 76.7 2 3 R.E.I.T. 221352 Advanced Micro Dev. 39.79 75.1 3 4 Semiconductor 562337 Netflix, Inc. 315.55 74.6 3 3 Entertainment 86333 Golar LNG Ltd. 12.40 72.9 5 4 Maritime 88369 Shake Shack 61.07 72.7 3 4 Restaurant 43

1315 Universal Display 194.81 72.7 3 3 Electrical Equipment 64175 CONMED Corp. 116.55 72.4 2 3 Med Supp Invasive 8962 Switch, Inc. 15.91 72.3 – 4 Telecom. Equipment 39

1548 SITE Centers 14.39 72.0 3 3 R.E.I.T. 222601 PTC Inc. 74.65 71.8 3 3 Computer Software 111806 MarketAxess Holdings 397.18 71.3 2 3 Brokers & Exchanges 19192 SurModics, Inc. 42.00 71.2 3 3 Med Supp Invasive 8

2603 Paycom Software 267.24 71.1 2 3 Computer Software 112366 Scientific Games 28.79 70.2 4 5 Hotel/Gaming 632628 Manhattan Assoc. 81.45 69.6 3 3 IT Services 31520 Digital Realty Trust 118.30 68.0 3 3 R.E.I.T. 221536 Mack-Cali R’lty 21.46 67.1 – 3 R.E.I.T. 221616 AstraZeneca PLC (ADS) 48.77 66.8 3 3 Drug 61826 Veeva Systems 156.95 66.8 3 3 Healthcare Information 78

2638 Amazon.com 1773.84 66.1 3 3 Internet 70941 Acacia Communications 67.04 65.1 – 4 Telecom. Equipment 39444 Thomson Reuters 95.36 64.9 – 2 Information Services 6944 Calix, Inc. 7.76 64.7 4 4 Telecom. Equipment 39187 NuVasive, Inc. 72.65 64.3 3 3 Med Supp Invasive 8845 Vertex Pharmac. 223.27 64.0 3 3 Biotechnology 77

1950 Grocery Outlet 31.77 63.5 – 3 Retail/Wholesale Food 9597 Crown Castle Int’l 131.39 62.0 1 3 Wireless Networking 50

1625 Elanco Animal Health 27.81 61.8 – 3 Drug 61514 Occidental Petroleum 39.93 61.4 4 3 Petroleum (Integrated) 42594 BlackBerry 5.48 60.9 5 4 Wireless Networking 50

1375 Qorvo Inc. 104.31 60.6 3 3 Semiconductor 561905 Bunge Ltd. 53.88 60.5 3 3 Food Processing 301748 Brookfield Infrastruc. 52.64 59.8 2 2 Diversified Co. 521517 Camden Property Trust 109.59 59.2 2 3 R.E.I.T. 22434 CoStar Group 608.15 58.8 2 3 Information Services 6

1524 Essex Property Trust 310.24 58.8 2 3 R.E.I.T. 22

2624 Fair Isaac 365.32 58.8 2 3 IT Services 3391 Howard Hughes Corp. 108.55 58.7 3 3 Industrial Services 10

2180 National Vision Holdings 29.83 58.5 4 3 Retail (Hardlines) 901590 Freep’t-McMoRan Inc. 11.66 58.3 4 5 Metals & Mining (Div.) 811370 Monolithic Power Sys. 164.11 58.2 3 3 Semiconductor 56837 Ionis Pharmac. 63.14 57.9 3 4 Biotechnology 77

1537 Mid-America Apartment 134.16 57.3 1 2 R.E.I.T. 221581 Yamana Gold 3.43 57.2 3 5 Precious Metals 22593 Fortinet Inc. 105.14 56.8 3 3 Computer Software 11223 Neogen Corp. 67.75 56.5 3 3 Med Supp Non-Invasive 21

1579 Royal Gold 115.34 56.3 2 3 Precious Metals 21545 SL Green Realty 83.77 56.2 3 3 R.E.I.T. 221973 Craft Brew Alliance 16.50 55.0 – 4 Beverage 481542 Realty Income Corp. 76.30 54.5 2 2 R.E.I.T. 22116 Cognex Corp. 50.24 54.0 4 3 Precision Instrument 47930 Sprint Corp. 5.94 54.0 – 4 Telecom. Services 72

2635 ANGI Homeservices 8.03 53.5 5 3 Internet 70401 Rollins, Inc. 35.31 53.5 3 2 Industrial Services 10

1167 West Fraser Timber 60.08 53.2 4 3 Paper/Forest Products 89712 HEICO Corp. 128.67 53.0 2 3 Aerospace/Defense 45

1165 PotlatchDeltic Corp. 43.23 52.7 3 3 Paper/Forest Products 891110 Cornerstone Building 7.33 52.4 – 5 Building Materials 312390 Donnelley (R.R) & Sons 3.67 52.4 – 5 Advertising 442373 Cimpress N.V. 129.98 52.0 2 3 Publishing 822648 Grubhub Inc. 42.67 52.0 4 4 Internet 702633 Tyler Technologies 289.33 52.0 1 3 IT Services 31824 Cornerstone OnDemand 61.59 51.8 3 4 E-Commerce 541574 Franco-Nevada Corp. 96.92 51.6 1 3 Precious Metals 2822 HealthEquity, Inc. 63.68 51.4 5 3 Healthcare Information 78

2649 IAC/InterActiveCorp 221.65 51.0 2 3 Internet 70355 Chipotle Mex. Grill 786.51 50.7 2 3 Restaurant 43

1554 Washington R.E.I.T. 30.74 50.4 2 2 R.E.I.T. 22174 Catalent, Inc. 52.85 50.3 2 3 Med Supp Invasive 8216 Inogen, Inc. 76.15 50.1 5 4 Med Supp Non-Invasive 21593 Amer. Tower ‘A’ 209.71 49.9 1 2 Wireless Networking 50835 Incyte Corp. 94.00 49.5 3 3 Biotechnology 77169 ABIOMED Inc. 187.57 49.4 5 3 Med Supp Invasive 8214 IDEXX Labs. 251.87 49.4 2 3 Med Supp Non-Invasive 21

1523 Equity Residential 84.52 49.1 1 2 R.E.I.T. 22438 Gartner Inc. 160.14 49.0 4 3 Information Services 6965 Zayo Group Holdings 34.22 48.9 – 3 Telecom. Equipment 39

2556 Fidelity Nat’l Info. 136.88 48.4 – 2 Financial Svcs. (Div.) 13200 Align Techn. 278.07 48.2 4 3 Med Supp Non-Invasive 21

1543 Regency Centers Corp. 64.35 48.0 3 3 R.E.I.T. 221019 Charter Communic. 466.06 47.8 3 3 Cable TV 201018 Cable One 1536.68 47.1 2 2 Cable TV 202573 PayPal Holdings 104.45 47.0 2 3 Financial Svcs. (Div.) 13203 Bio-Rad Labs. ‘A’ 368.83 46.5 2 2 Med Supp Non-Invasive 21

2586 Adobe Inc. 305.28 46.3 2 2 Computer Software 11184 Intuitive Surgical 581.50 46.3 2 2 Med Supp Invasive 8

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 35

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

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Page 36: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1194 Tupperware Brands 8.83 79% 5 4 Household Products 291617 Aurora Cannabis 2.52 69% – 4 Drug 61543 Southwestern Energy 1.95 69% 5 4 Natural Gas (Div.) 93529 Callon Petroleum 3.76 64% – 4 Natural Gas (Div.) 93

1597 U.S. Silica Holdings 5.13 60% – 4 Metals & Mining (Div.) 812414 Range Resources 3.88 59% 5 4 Petroleum (Producing) 942427 Noble Corp. plc 1.19 58% – 5 Oilfield Svcs/Equip. 95542 QEP Resources 3.32 58% 5 4 Natural Gas (Div.) 93

2405 Denbury Resources 1.02 56% – 5 Petroleum (Producing) 942411 Oasis Petroleum 2.53 53% 5 5 Petroleum (Producing) 942415 Whiting Petroleum 5.43 53% 5 5 Petroleum (Producing) 94526 CNX Resources 7.58 52% 4 4 Natural Gas (Div.) 93

2376 Quad/Graphics Inc. 4.28 52% – 5 Publishing 82610 Clean Energy Fuels 1.93 51% – 5 Oil/Gas Distribution 62528 California Resources 6.50 50% 4 5 Natural Gas (Div.) 93

2177 Michaels Cos. (The) 8.38 50% 5 4 Retail (Hardlines) 901032 Consol. Communic. 4.12 48% – 4 Telecom. Utility 24530 Centennial Resource Dev. 3.29 47% 5 4 Natural Gas (Div.) 93333 Golar LNG Ltd. 12.40 47% 5 4 Maritime 88332 GasLog Ltd. 9.35 46% 4 4 Maritime 88

1637 Opko Health 1.63 46% 5 5 Drug 611177 Owens-Illinois 9.55 46% 5 3 Packaging & Container 581615 Aphria Inc. 4.56 45% – 4 Drug 61740 Cleveland-Cliffs Inc. 8.25 45% 4 5 Steel 91

2333 Lions Gate ‘A’ 9.17 45% 4 3 Entertainment 86608 Antero Midstream Corp. 5.00 44% – 4 Oil/Gas Distribution 62

1585 Alliance Resource 11.14 43% 4 3 Metals & Mining (Div.) 812576 SLM Corporation 8.65 42% 3 3 Financial Svcs. (Div.) 132184 Signet Jewelers Ltd. 17.09 42% 5 4 Retail (Hardlines) 901026 WideOpenWest, Inc. 6.07 42% 4 4 Cable TV 20828 Alkermes plc 21.41 41% 5 3 Biotechnology 77707 Bombardier Inc. ‘B’ 2.04 41% 5 5 Aerospace/Defense 45

1339 Plantronics Inc. 25.50 41% 4 3 Electronics 591903 B&G Foods 16.19 40% 4 3 Food Processing 30537 Enerplus Corp. 8.64 40% 4 4 Natural Gas (Div.) 93541 Paramount Resources 6.23 40% 5 4 Natural Gas (Div.) 93

1593 Peabody Energy 9.82 40% 5 3 Metals & Mining (Div.) 812325 AMC Networks 38.76 39% 3 3 Entertainment 86536 Encana Corp. 4.12 39% 3 4 Natural Gas (Div.) 93

2329 Entercom Communic. 4.74 39% – 3 Entertainment 861601 CVR Partners, LP 2.91 38% – 4 Chemical (Basic) 79981 Cooper-Standard 29.54 38% 5 3 Auto Parts 87

2170 Fossil Group 7.43 38% 5 5 Retail (Hardlines) 902145 Macy’s Inc. 15.56 38% 5 3 Retail Store 35995 Modine Mfg. 7.52 38% 5 4 Auto Parts 87

1960 United Natural Foods 8.97 38% 5 4 Retail/Wholesale Food 92435 Valaris plc 4.41 38% – 5 Oilfield Svcs/Equip. 95975 Amer. Axle 10.00 37% 5 3 Auto Parts 87

2330 Entravision Communic. 2.88 37% – 4 Entertainment 862335 MSG Networks 16.52 37% 4 3 Entertainment 86

1191 Newell Brands 19.28 37% 3 3 Household Products 29632 Plains All Amer. Pipe. 17.79 37% 3 3 Pipeline MLPs 16

2342 Sirius XM Holdings 6.85 37% 3 4 Entertainment 86750 TimkenSteel Corp. 5.75 37% 5 4 Steel 91

2302 AMC Entertainment Hldgs. 8.38 36% 3 3 Recreation 601706 Briggs & Stratton 5.94 36% – 4 Machinery 401624 Cronos Group 6.90 36% – 4 Drug 611227 Fluor Corp. 18.15 36% 5 4 Engineering & Const 842431 ProPetro Holding 8.72 36% 5 3 Oilfield Svcs/Equip. 95751 U.S. Steel Corp. 13.79 36% 5 4 Steel 91

2197 Chico’s FAS 4.18 35% – 5 Retail (Softlines) 832622 DXC Technology 36.96 35% 5 3 IT Services 3624 Enable Midstream Part. 9.47 35% 4 3 Pipeline MLPs 16

1527 GEO Group (The) 13.89 35% 3 3 R.E.I.T. 221535 Macerich Comp. (The) 26.57 35% 4 3 R.E.I.T. 22513 Murphy Oil Corp. 24.08 35% 3 4 Petroleum (Integrated) 42

1539 Penn. R.E.I.T. 5.76 35% 5 4 R.E.I.T. 222432 RPC Inc. 3.80 35% 5 4 Oilfield Svcs/Equip. 95948 CommScope Holding 14.09 34% 4 3 Telecom. Equipment 39

1536 Mack-Cali R’lty 21.46 34% – 3 R.E.I.T. 22806 MEDNAX, Inc. 27.15 34% 4 3 Medical Services 18

2375 Meredith Corp. 36.36 34% 5 3 Publishing 821220 SunPower Corp. 7.36 34% 3 5 Power 412445 Trinseo S.A. 39.84 34% 4 3 Chemical (Diversified) 80942 ADTRAN, Inc. 9.26 33% 4 3 Telecom. Equipment 39319 ArcBest Corp. 28.84 33% 4 3 Trucking 69

2403 Continental Resources 32.59 33% 5 4 Petroleum (Producing) 941333 iRobot Corp. 47.54 33% 3 3 Electronics 592183 Qurate Retail 9.53 33% 5 3 Retail (Hardlines) 90587 Rayonier Advanced Mat. 3.85 33% – 5 Chemical (Specialty) 66

2013 SciPlay Corp. 10.25 33% – 3 Entertainment Tech 51603 Sierra Wireless 8.77 33% 5 4 Wireless Networking 50

2345 Viacom Inc. ‘B’ 23.91 33% – 3 Entertainment 86595 Boingo Wireless 11.49 32% 4 4 Wireless Networking 50

1188 Edgewell Personal Care 30.91 32% 4 3 Household Products 29599 GTT Communications 5.48 32% 4 4 Wireless Networking 50613 Kinder Morgan Inc. 19.96 32% 3 3 Oil/Gas Distribution 62

2393 National CineMedia 6.50 32% 3 4 Advertising 44959 Nokia Corp. ADR 3.47 32% 3 4 Telecom. Equipment 39515 PBF Energy 31.68 32% 4 3 Petroleum (Integrated) 42

1986 Panasonic Corp. 8.91 32% 3 3 Foreign Electronics 32226 Patterson Cos. 19.70 32% 4 3 Med Supp Non-Invasive 21737 AK Steel Holding 2.71 31% 4 5 Steel 91

2163 At Home Group 8.42 31% 3 4 Retail (Hardlines) 902136 Big Lots Inc. 20.69 31% 5 3 Retail Store 351992 Brit. Am. Tobacco ADR 38.93 31% 4 3 Tobacco 741622 Canopy Growth Corp. 18.45 31% – 4 Drug 611109 CEMEX ADS 3.71 31% 4 4 Building Materials 311590 Freep’t-McMoRan Inc. 11.66 31% 4 5 Metals & Mining (Div.) 811150 Interface Inc. ‘A’ 17.28 31% 3 3 Furn/Home Furnishings 27

2376 Quad/Graphics Inc. 4.28 28% – 5 Publishing 821585 Alliance Resource 11.14 23% 4 3 Metals & Mining (Div.) 81612 EnLink Midstream LLC 5.02 23% 5 4 Oil/Gas Distribution 62624 Enable Midstream Part. 9.47 21% 4 3 Pipeline MLPs 16623 EQM Midstream Part. 23.55 20% 2 3 Pipeline MLPs 16622 DCP Midstream LP 22.38 16% 4 3 Pipeline MLPs 16

2400 Black Stone Minerals 11.99 15% 3 3 Petroleum (Producing) 941527 GEO Group (The) 13.89 15% 3 3 R.E.I.T. 221539 Penn. R.E.I.T. 5.76 15% 5 4 R.E.I.T. 22632 Plains All Amer. Pipe. 17.79 15% 3 3 Pipeline MLPs 16634 Rattler Midstream LP 15.40 15% – 3 Pipeline MLPs 16638 Western Midstream 18.36 15% 2 3 Pipeline MLPs 16

1535 Macerich Comp. (The) 26.57 14% 4 3 R.E.I.T. 221194 Tupperware Brands 8.83 14% 5 4 Household Products 291903 B&G Foods 16.19 13% 4 3 Food Processing 301518 CoreCivic, Inc. 15.09 13% 3 3 R.E.I.T. 22627 Holly Energy Part. 22.37 13% 1 3 Pipeline MLPs 16637 Tallgrass Energy LP 18.30 13% – 3 Pipeline MLPs 16

2302 AMC Entertainment Hldgs. 8.38 12% 3 3 Recreation 601513 Annaly Capital Mgmt. 9.25 12% 3 3 R.E.I.T. 221592 Natural Resource 21.11 12% 3 4 Metals & Mining (Div.) 81635 Shell Midstream L.P. 20.27 12% 3 3 Pipeline MLPs 16

2184 Signet Jewelers Ltd. 17.09 12% 5 4 Retail (Hardlines) 902540 AllianceBernstein Hldg. 28.96 11% 3 3 Financial Svcs. (Div.) 132449 Apollo Investment 16.56 11% 3 3 Public/Private Equity –1799 BGC Partners 5.74 11% – 3 Brokers & Exchanges 192200 Designer Brands 16.74 11% 4 3 Retail (Softlines) 83625 Energy Transfer LP 12.30 11% 4 4 Pipeline MLPs 16

2145 Macy’s Inc. 15.56 11% 5 3 Retail Store 352375 Meredith Corp. 36.36 11% 5 3 Publishing 821538 Park Hotels & Resorts 22.90 11% – 3 R.E.I.T. 22631 Phillips 66 Partners 56.56 11% 1 3 Pipeline MLPs 16636 Suburban Propane 22.80 11% 3 3 Pipeline MLPs 16544 Targa Resources 37.95 11% 4 4 Natural Gas (Div.) 93626 Enterprise Products 26.58 10% 3 3 Pipeline MLPs 16

2330 Entravision Communic. 2.88 10% – 4 Entertainment 86396 Macquarie Infra. 42.01 10% 3 3 Industrial Services 10629 Magellan Midstream 61.16 10% 3 3 Pipeline MLPs 16633 Plains GP Holdings L.P. 18.18 10% 2 4 Pipeline MLPs 16

1546 Service Properties 22.83 10% 3 3 R.E.I.T. 221991 Altria Group 49.26 9% 3 2 Tobacco 74525 Brigham Minerals 19.90 9% – 4 Natural Gas (Div.) 93

1992 Brit. Am. Tobacco ADR 38.93 9% 4 3 Tobacco 742307 Cedar Fair L.P. 55.39 9% 3 3 Recreation 60621 Cheniere Energy Part. 39.63 9% 3 3 Pipeline MLPs 16

2197 Chico’s FAS 4.18 9% – 5 Retail (Softlines) 83740 Cleveland-Cliffs Inc. 8.25 9% 4 5 Steel 91393 Iron Mountain 34.05 9% 3 3 Industrial Services 10108 Nissan Motor ADR 12.35 9% 4 3 Automotive 65630 NuStar Energy L.P. 28.13 9% 3 3 Pipeline MLPs 16

514 Occidental Petroleum 39.93 9% 4 3 Petroleum (Integrated) 421594 Rio Tinto plc 54.67 9% 2 3 Metals & Mining (Div.) 812397 WPP PLC ADR 64.50 9% 3 2 Advertising 44618 Williams Cos. 23.09 9% 3 3 Oil/Gas Distribution 62

2136 Big Lots Inc. 20.69 8% 5 3 Retail Store 352450 Blackstone Group 52.47 8% – 3 Public/Private Equity –503 CVR Energy 45.11 8% – 3 Petroleum (Integrated) 42

2352 Extended Stay America 14.87 8% 4 3 Hotel/Gaming 63105 Ford Motor 9.00 8% 3 3 Automotive 65

2453 Gladstone Capital 10.21 8% – 3 Public/Private Equity –2517 HSBC Holdings PLC 37.59 8% 3 3 Bank 462563 Invesco Ltd. 17.75 8% 4 3 Financial Svcs. (Div.) 13613 Kinder Morgan Inc. 19.96 8% 3 3 Oil/Gas Distribution 62

2144 Kohl’s Corp. 48.40 8% 4 3 Retail Store 351534 MGM Growth Properties 30.72 8% 3 3 R.E.I.T. 221770 National Presto Ind. 91.37 8% 4 3 Diversified Co. 52226 Patterson Cos. 19.70 8% 4 3 Med Supp Non-Invasive 21

1593 Peabody Energy 9.82 8% 5 3 Metals & Mining (Div.) 81747 Russel Metals 22.74 8% 4 3 Steel 91

1548 SITE Centers 14.39 8% 3 3 R.E.I.T. 222320 Six Flags Entertainment 44.95 8% 4 3 Recreation 60917 AT&T Inc. 37.26 7% 2 1 Telecom. Services 72

2448 Apollo Global Mgmt 43.23 7% – 3 Public/Private Equity –502 BP PLC ADR 38.63 7% 3 3 Petroleum (Integrated) 42

1983 Canon Inc. ADR 27.68 7% 3 1 Foreign Electronics 322196 Cato Corp. 19.40 7% 3 3 Retail (Softlines) 831030 CenturyLink Inc. 14.91 7% 4 3 Telecom. Utility 241210 Covanta Holding Corp. 14.49 7% 3 3 Power 41102 Daimler AG 58.01 7% 4 3 Automotive 65

1604 Dow Inc. 55.20 7% – 2 Chemical (Basic) 791528 Gaming and Leisure 42.00 7% 3 3 R.E.I.T. 222423 Helmerich & Payne 39.92 7% 4 3 Oilfield Svcs/Equip. 952356 Int’l Game Tech. PLC 15.32 7% 4 3 Hotel/Gaming 632564 Janus Henderson plc 25.39 7% 4 3 Financial Svcs. (Div.) 131532 Kimco Realty 21.43 7% 3 3 R.E.I.T. 22577 Kronos Worldwide 13.84 7% 4 4 Chemical (Specialty) 66

1191 Newell Brands 19.28 7% 3 3 Household Products 291418 Office Depot 2.25 7% 5 5 Office Equip/Supplies 92614 ONEOK Inc. 71.99 7% 3 3 Oil/Gas Distribution 62

2395 OUTFRONT Media 24.95 7% 3 3 Advertising 441993 Philip Morris Int’l 82.37 7% 3 2 Tobacco 74745 POSCO ADR 48.91 7% 4 3 Steel 91

1564 Power Financial 32.35 7% 2 2 Insurance (Life) 37519 Royal Dutch Shell ‘B’ 59.14 7% 3 2 Petroleum (Integrated) 42

1547 Simon Property Group 149.24 7% 3 2 R.E.I.T. 221034 Telefonica SA ADR 7.44 7% 3 4 Telecom. Utility 241222 TerraForm Power 15.62 7% 2 4 Power 41521 Total S.A. ADR 53.79 7% 3 1 Petroleum (Integrated) 42

1550 Ventas, Inc. 57.64 7% 3 3 R.E.I.T. 222193 Abercrombie & Fitch 16.33 6% 4 4 Retail (Softlines) 83

Page 36 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

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Page 37: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

1717 Lennox Int’l LII 256.83 792% 45% 3 3 0.95 22.2 1.2 Machinery 40706 Boeing BA 373.13 713% 61% 3 2 1.15 28.7 2.2 Aerospace/Defense 45443 S&P Global SPGI 265.85 241% 51% 1 2 1.05 26.7 0.9 Information Services 6441 Moody’s Corp. MCO 225.74 239% 37% 2 3 1.10 26.8 0.9 Information Services 6315 United Parcel Serv. UPS 120.30 231% 34% 2 2 1.00 15.2 3.3 Air Transport 71

1916 Herbalife Nutrition HLF 46.00 213% 36% 4 4 1.15 16.0 NIL Food Processing 30214 IDEXX Labs. IDXX 251.87 155% 50% 2 3 0.90 49.4 NIL Med Supp Non-Invasive 21

2129 O’Reilly Automotive ORLY 438.00 140% 30% 2 3 0.90 23.1 NIL Retail Automotive 121139 Home Depot HD 218.40 130% 33% 3 1 1.05 21.0 2.8 Retail Building Supply 151611 AbbVie Inc. ABBV 87.76 109% 33% 3 3 1.10 9.6 5.4 Drug 61715 Lockheed Martin LMT 389.98 104% 32% 2 1 0.80 17.5 2.5 Aerospace/Defense 45604 Ubiquiti Inc. UI 197.81 96% 39% 3 3 0.85 33.8 0.6 Wireless Networking 50

1186 Clorox Co. CLX 145.25 87% 33% 3 2 0.70 22.9 2.9 Household Products 29994 Meritor, Inc. MTOR 25.58 81% 34% 4 4 1.55 7.9 NIL Auto Parts 87

1190 Kimberly-Clark KMB 133.35 77% 31% 2 1 0.70 19.3 3.1 Household Products 29126 Mettler-Toledo Int’l MTD 716.97 72% 32% 2 2 1.10 31.7 NIL Precision Instrument 47

2571 MasterCard Inc. MA 287.61 67% 46% 2 1 1.00 37.8 0.5 Financial Svcs. (Div.) 131187 Colgate-Palmolive CL 66.98 64% 35% 2 1 0.75 22.9 2.6 Household Products 292628 Manhattan Assoc. MANH 81.45 62% 62% 3 3 1.20 69.6 NIL IT Services 32590 Citrix Sys. CTXS 114.04 61% 31% 2 3 1.10 19.2 1.2 Computer Software 11374 Yum! Brands YUM 98.01 61% 42% 3 2 0.65 24.9 1.8 Restaurant 43

1627 Gilead Sciences GILD 67.22 54% 31% 3 3 0.95 12.1 3.7 Drug 611142 Sherwin-Williams SHW 580.01 54% 29% 1 2 1.05 25.6 0.9 Retail Building Supply 15370 Starbucks Corp. SBUX 83.75 49% 31% 1 1 0.90 27.9 2.0 Restaurant 43

1652 Insperity Inc. NSP 75.03 48% 37% 4 3 1.00 17.0 1.6 Human Resources 731917 Hershey Co. HSY 146.08 45% 32% 1 2 0.65 25.1 2.2 Food Processing 302595 Intuit Inc. INTU 257.07 42% 47% 2 2 1.10 33.8 0.8 Computer Software 111121 Trex Co. TREX 86.26 42% 42% 3 3 1.30 31.5 NIL Building Materials 311979 National Beverage FIZZ 46.09 41% 38% 5 3 0.85 18.7 NIL Beverage 482186 Sleep Number Corp. SNBR 49.93 39% 39% 3 3 1.20 17.2 NIL Retail (Hardlines) 902208 TJX Companies TJX 59.35 39% 37% 2 1 0.90 21.5 1.6 Retail (Softlines) 832418 Core Laboratories CLB 46.52 38% 30% 5 3 1.50 23.9 4.7 Oilfield Svcs/Equip. 951636 Novo Nordisk ADR NVO 56.25 38% 75% 2 2 0.90 21.2 2.3 Drug 611194 Tupperware Brands TUP 8.83 38% 32% 5 4 1.20 2.6 12.2 Household Products 292360 Marriott Int’l MAR 137.98 37% 109% 3 3 1.15 21.9 1.4 Hotel/Gaming 632103 Capri Holdings Ltd. CPRI 37.61 34% 30% 4 3 1.15 7.8 NIL Apparel 852207 Ross Stores ROST 113.33 34% 38% 2 2 1.00 24.3 1.0 Retail (Softlines) 83436 FactSet Research FDS 260.89 33% 33% 2 2 1.00 29.0 1.1 Information Services 6

1942 USANA Health Sciences USNA 74.13 32% 32% 4 3 0.85 19.1 NIL Food Processing 30844 United Therapeutics UTHR 95.34 32% 31% 4 3 0.95 7.5 NIL Biotechnology 77

1800 Cboe Global Markets CBOE 123.76 30% 47% 2 2 0.65 32.0 1.2 Brokers & Exchanges 19951 F5 Networks FFIV 145.88 30% 30% 4 3 1.05 15.5 NIL Telecom. Equipment 39

2615 Accenture Plc ACN 198.36 26% 46% 2 1 1.05 26.1 1.6 IT Services 31991 Altria Group MO 49.26 23% 29% 3 2 0.70 11.3 6.8 Tobacco 741657 Robert Half Int’l RHI 57.95 23% 34% 3 2 1.20 14.2 2.2 Human Resources 731383 Texas Instruments TXN 119.01 21% 29% 3 1 1.10 22.1 2.7 Semiconductor 561928 Medifast, Inc. MED 86.93 19% 29% 3 3 0.90 11.4 3.5 Food Processing 302195 Buckle (The), Inc. BKE 28.43 18% 30% 3 3 0.90 15.7 3.5 Retail (Softlines) 83401 Rollins, Inc. ROL 35.31 14% 30% 3 2 0.90 53.5 1.2 Industrial Services 10

2630 Paychex, Inc. PAYX 84.86 8% 39% 1 1 1.00 26.7 3.1 IT Services 3

1960 United Natural Foods UNFI 8.97 67% 3.7 30% 5 4 1.45 NIL Retail/Wholesale Food 91133 TRI Pointe Group TPH 15.33 122% 8.7 92% 3 3 1.25 NIL Homebuilding 71237 Tutor Perini TPC 15.72 132% 6.4 52% 4 3 1.60 NIL Engineering & Const 842170 Fossil Group FOSL 7.43 137% 10.6 62% 5 5 1.50 NIL Retail (Hardlines) 902171 GameStop Corp. GME 6.03 147% 4.5 68% 5 5 1.05 NIL Retail (Hardlines) 901638 PDL BioPharma PDLI 3.06 147% 12.8 57% – 4 1.10 NIL Drug 611996 Universal Corp. UVV 51.51 151% 12.2 97% 3 3 0.75 5.9 Tobacco 741135 Toll Brothers TOL 40.27 153% 10.9 111% 3 3 1.10 1.1 Homebuilding 71134 Taylor Morrison Home TMHC 23.09 161% 6.9 96% 3 3 1.20 NIL Homebuilding 71130 Meritage Homes MTH 67.10 163% 10.9 126% 1 3 1.20 NIL Homebuilding 71811 Goldman Sachs GS 222.75 170% 9.7 79% 3 1 1.25 2.2 Investment Banking 571324 Avnet, Inc. AVT 41.07 176% 12.8 103% 3 3 1.25 2.0 Electronics 591127 KB Home KBH 34.65 185% 12.1 132% 3 3 1.35 1.0 Homebuilding 71319 AVX Corp. AVX 15.02 186% 12.2 103% – 3 1.15 3.1 Electronics 591129 M.D.C. Holdings MDC 39.40 187% 10.4 148% 3 3 1.10 3.0 Homebuilding 71125 Beazer Homes USA BZH 15.11 195% 11.6 87% 3 5 1.60 NIL Homebuilding 72199 Citi Trends CTRN 19.74 209% 12.8 120% 4 4 0.85 1.8 Retail (Softlines) 831770 National Presto Ind. NPK 91.37 209% 13.4 178% 4 3 0.95 6.6 Diversified Co. 522176 MarineMax HZO 16.53 211% 9.5 101% 4 4 1.35 NIL Retail (Hardlines) 902559 Franklin Resources BEN 27.98 213% 10.1 143% 4 1 1.25 4.1 Financial Svcs. (Div.) 132212 Vera Bradley Inc. VRA 11.52 214% 11.5 127% 4 3 1.15 NIL Retail (Softlines) 832157 Genesco Inc. GCO 36.28 242% 8.5 84% 4 3 1.00 NIL Shoe 361409 ScanSource SCSC 35.60 279% 11.9 99% 4 3 1.20 NIL Computers/Peripherals 672178 Movado Group MOV 25.20 283% 10.1 115% 5 3 1.25 3.2 Retail (Hardlines) 901126 Horton D.R. DHI 54.82 301% 12.9 203% 2 3 1.05 1.3 Homebuilding 71132 PulteGroup, Inc. PHM 39.44 308% 11.1 198% 3 3 1.05 1.2 Homebuilding 72174 Hibbett Sports HIBB 28.63 332% 13.3 141% 3 3 0.90 NIL Retail (Hardlines) 902210 Tilly’s, Inc. TLYS 9.91 335% 12.1 152% 3 4 1.00 NIL Retail (Softlines) 831128 Lennar Corp. LEN 59.43 337% 10.5 119% 2 3 1.10 0.3 Homebuilding 71653 Kelly Services ‘A’ KELYA 22.11 350% 9.1 68% 3 3 0.95 1.4 Human Resources 73844 United Therapeutics UTHR 95.34 360% 7.5 182% 4 3 0.95 NIL Biotechnology 77

2201 Foot Locker FL 40.17 377% 7.7 155% 4 3 0.90 3.8 Retail (Softlines) 832175 Insight Enterprises NSIT 65.58 423% 12.7 189% 3 3 1.25 NIL Retail (Hardlines) 901815 Piper Jaffray Cos. PJC 82.14 436% 12.4 163% 3 3 1.15 3.3 Investment Banking 572321 Sturm, Ruger & Co. RGR 45.23 491% 12.9 281% 4 3 0.90 1.0 Recreation 60

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 37

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

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Page Recent to Return Time- Safety P/E Est’d IndustryNo. Stock Name Ticker Price Com. Eq. On Cap. liness Rank Beta Ratio Yield Industry Group Rank

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Page Recent ‘‘Net’’ Wkg. P/E Book Time- Safety Est’d IndustryNo. Stock Name Ticker Price Capital Ratio Value liness Rank Beta Yield Industry Group Rank

Page 38: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2635 ANGI Homeservices 8.03 3 3 53.5 NIL Internet 70169 ABIOMED Inc. 187.57 3 4 49.4 NIL Med Supp Invasive 8828 Alkermes plc 21.41 3 5 31.5 NIL Biotechnology 77975 Amer. Axle 10.00 3 3 6.7 NIL Auto Parts 87

2303 Amer. Outdoor Brands 8.63 3 4 19.6 NIL Recreation 60524 Antero Resources 2.09 5 2 NMF NIL Natural Gas (Div.) 93

2399 Apache Corp. 23.55 3 3 NMF 4.2 Petroleum (Producing) 94738 ArcelorMittal 17.45 3 5 NMF 1.1 Steel 91305 Atlas Air Worldwide 26.18 3 4 5.5 NIL Air Transport 71

2639 Baidu, Inc. 120.32 3 4 18.3 NIL Internet 702136 Big Lots Inc. 20.69 3 3 6.7 6.1 Retail Store 35594 BlackBerry 5.48 4 4 60.9 NIL Wireless Networking 50707 Bombardier Inc. ‘B’ 2.04 5 3 NMF NIL Aerospace/Defense 45

2122 Camping World Holdings 12.22 4 5 11.9 2.6 Retail Automotive 12530 Centennial Resource Dev. 3.29 4 3 29.9 NIL Natural Gas (Div.) 93

1589 Century Aluminum 6.93 4 3 34.7 NIL Metals & Mining (Div.) 81566 Chemours Co. (The) 16.60 4 3 7.0 6.0 Chemical (Specialty) 66

2198 Children’s Place 70.94 3 3 11.4 3.2 Retail (Softlines) 83531 Cimarex Energy 47.75 3 4 10.2 1.7 Natural Gas (Div.) 93

2389 Clear Channel Outdoor 2.43 5 2 NMF NIL Advertising 44532 Concho Resources 74.85 3 5 24.6 0.7 Natural Gas (Div.) 93

2403 Continental Resources 32.59 4 4 13.4 0.6 Petroleum (Producing) 94981 Cooper-Standard 29.54 3 3 11.3 NIL Auto Parts 87

2418 Core Laboratories 46.52 3 4 23.9 4.7 Oilfield Svcs/Equip. 951358 Cree, Inc. 46.18 3 3 NMF NIL Semiconductor 562622 DXC Technology 36.96 3 5 4.0 2.3 IT Services 3533 Devon Energy 22.74 3 4 16.7 1.6 Natural Gas (Div.) 93

2419 Diamond Offshore 6.05 4 3 NMF NIL Oilfield Svcs/Equip. 951626 Endo Int’l plc 4.89 5 3 NMF NIL Drug 61612 EnLink Midstream LLC 5.02 4 2 NMF 22.5 Oil/Gas Distribution 62

1910 Farmer Bros. Co. ■ 15.72 3 3 NMF NIL Food Processing 30569 Ferro Corp. 14.36 3 5 11.1 NIL Chemical (Specialty) 66363 Fiesta Restaurant 9.58 3 4 28.2 NIL Restaurant 43

1227 Fluor Corp. 18.15 4 3 7.0 2.2 Engineering & Const 842170 Fossil Group 7.43 5 3 10.6 NIL Retail (Hardlines) 902171 GameStop Corp. 6.03 5 3 4.5 NIL Retail (Hardlines) 90333 Golar LNG Ltd. 12.40 4 3 72.9 2.4 Maritime 88

1228 Granite Construction 26.85 3 3 14.2 1.9 Engineering & Const 841215 Green Plains Inc. 15.22 4 5 NMF NIL Power 41389 Harsco Corp. 22.96 3 5 20.0 NIL Industrial Services 10390 Healthcare Svcs. 25.25 3 3 24.5 3.2 Industrial Services 10822 HealthEquity, Inc. 63.68 3 4 51.4 NIL Healthcare Information 78216 Inogen, Inc. 76.15 4 5 50.1 NIL Med Supp Non-Invasive 21576 Kraton Corp. 23.16 4 3 11.5 NIL Chemical (Specialty) 66

2203 L Brands 19.17 4 3 8.6 6.3 Retail (Softlines) 832407 Laredo Petroleum 2.34 5 3 2.7 NIL Petroleum (Producing) 941141 Lumber Liquidators 8.80 4 3 24.4 NIL Retail Building Supply 152145 Macy’s Inc. 15.56 3 4 5.7 9.7 Retail Store 352375 Meredith Corp. 36.36 3 4 12.1 6.3 Publishing 82221 Meridian Bioscience 9.04 4 4 NMF NIL Med Supp Non-Invasive 21

580 Methanex Corp. 39.05 3 4 19.7 3.8 Chemical (Specialty) 662177 Michaels Cos. (The) 8.38 4 3 3.5 NIL Retail (Hardlines) 90995 Modine Mfg. 7.52 4 3 5.1 NIL Auto Parts 87

2178 Movado Group 25.20 3 4 10.1 3.2 Retail (Hardlines) 902425 Nabors Inds. 2.10 5 3 NMF 1.9 Oilfield Svcs/Equip. 951979 National Beverage 46.09 3 4 18.7 NIL Beverage 481634 Nektar Therapeutics 21.18 5 4 NMF NIL Drug 611831 New Relic, Inc. 67.12 3 5 NMF NIL E-Commerce 542411 Oasis Petroleum 2.53 5 2 NMF NIL Petroleum (Producing) 942428 Oceaneering Int’l 13.99 3 3 NMF NIL Oilfield Svcs/Equip. 951418 Office Depot 2.25 5 3 6.8 4.4 Office Equip/Supplies 922429 Oil States Int’l 16.42 3 5 NMF NIL Oilfield Svcs/Equip. 952147 Ollie’s Bargain Outlet 64.95 3 4 30.8 NIL Retail Store 351637 Opko Health 1.63 5 3 NMF NIL Drug 611177 Owens-Illinois ■ 9.55 3 3 3.6 2.1 Packaging & Container 58541 Paramount Resources 6.23 4 4 13.3 NIL Natural Gas (Div.) 93

2430 Patterson-UTI Energy 9.16 4 3 NMF 1.7 Oilfield Svcs/Equip. 951593 Peabody Energy 9.82 3 3 6.9 6.4 Metals & Mining (Div.) 811539 Penn. R.E.I.T. 5.76 4 4 NMF 14.6 R.E.I.T. 221931 Phibro Animal Health 24.23 3 4 28.5 2.0 Food Processing 301419 Pitney Bowes 4.63 4 3 4.1 4.3 Office Equip/Supplies 922431 ProPetro Holding 8.72 3 4 4.4 NIL Oilfield Svcs/Equip. 95542 QEP Resources 3.32 4 3 7.4 2.4 Natural Gas (Div.) 93

2183 Qurate Retail 9.53 3 4 7.4 NIL Retail (Hardlines) 902432 RPC Inc. 3.80 4 2 NMF NIL Oilfield Svcs/Equip. 952414 Range Resources 3.88 4 3 NMF 2.1 Petroleum (Producing) 941775 Realogy Holdings 10.75 4 5 9.2 NIL Diversified Co. 521234 SNC-Lavalin Group 23.72 3 4 11.1 0.3 Engineering & Const 842340 Scripps (E.W.) ‘A’ 15.46 3 5 22.4 1.3 Entertainment 86603 Sierra Wireless 8.77 4 3 NMF NIL Wireless Networking 50

2184 Signet Jewelers Ltd. 17.09 4 4 5.4 8.7 Retail (Hardlines) 90543 Southwestern Energy 1.95 4 3 4.1 NIL Natural Gas (Div.) 93

1956 SpartanNash Co. 13.83 3 4 9.2 5.5 Retail/Wholesale Food 9313 Spirit Airlines ■ 39.92 3 4 8.5 NIL Air Transport 71

2187 Tapestry Inc. 26.69 3 4 10.5 5.1 Retail (Hardlines) 90109 Tata Motors ADR 11.54 4 3 26.2 NIL Automotive 65617 Tellurian Inc. 7.78 4 4 NMF NIL Oil/Gas Distribution 62

2610 Teradata Corp. 26.83 3 4 38.3 NIL Computer Software 111643 Teva Pharmac. ADR 10.72 4 5 4.4 NIL Drug 611347 3D Systems 9.01 4 4 NMF NIL Electronics 59750 TimkenSteel Corp. 5.75 4 4 NMF NIL Steel 91

2434 Transocean Ltd. 5.03 5 3 NMF NIL Oilfield Svcs/Equip. 952654 TripAdvisor, Inc. 28.57 3 3 24.0 NIL Internet 701194 Tupperware Brands 8.83 4 3 2.6 12.2 Household Products 291960 United Natural Foods 8.97 4 5 3.7 NIL Retail/Wholesale Food 9934 U.S. Cellular 33.90 3 3 24.9 NIL Telecom. Services 72751 U.S. Steel Corp. 13.79 4 5 30.6 1.5 Steel 91

2657 Wayfair Inc. 85.23 4 3 NMF NIL Internet 702415 Whiting Petroleum 5.43 5 3 NMF NIL Petroleum (Producing) 942659 Zillow Group ‘C’ 40.89 3 4 NMF NIL Internet 70

608 Antero Midstream Corp. 5.00 – 4 NMF 24.6† Oil/Gas Distribution 62612 EnLink Midstream LLC 5.02 5 4 NMF 22.5 Oil/Gas Distribution 62623 EQM Midstream Part. 23.55 2 3 4.7 19.7 Pipeline MLPs 16

1585 Alliance Resource 11.14 4 3 7.3 19.4 Metals & Mining (Div.) 811539 Penn. R.E.I.T. 5.76 5 4 NMF 14.6 R.E.I.T. 221527 GEO Group (The) 13.89 3 3 9.4 14.0 R.E.I.T. 222376 Quad/Graphics Inc. 4.28 – 5 NMF 14.0 Publishing 82622 DCP Midstream LP 22.38 4 3 NMF 13.9 Pipeline MLPs 16624 Enable Midstream Part. 9.47 4 3 9.1 13.9 Pipeline MLPs 16

1601 CVR Partners, LP 2.91 – 4 NMF 13.7† Chemical (Basic) 79638 Western Midstream 18.36 2 3 12.7 13.5 Pipeline MLPs 16

2400 Black Stone Minerals 11.99 3 3 10.2 12.3 Petroleum (Producing) 941194 Tupperware Brands 8.83 5 4 2.6 12.2 Household Products 29627 Holly Energy Part. 22.37 1 3 12.2 12.0 Pipeline MLPs 16637 Tallgrass Energy LP 18.30 – 3 13.7 12.0 Pipeline MLPs 16

1518 CoreCivic, Inc. 15.09 3 3 8.8 11.8 R.E.I.T. 221903 B&G Foods 16.19 4 3 7.7 11.7 Food Processing 301535 Macerich Comp. (The) 26.57 4 3 39.7 11.6 R.E.I.T. 22628 MPLX LP 23.98 1 3 9.6 11.3† Pipeline MLPs 16

2449 Apollo Investment 16.56 3 3 10.0 10.9 Public/Private Equity –1513 Annaly Capital Mgmt. 9.25 3 3 9.3 10.8 R.E.I.T. 222393 National CineMedia 6.50 3 4 15.5 10.5† Advertising 44636 Suburban Propane 22.80 3 3 17.4 10.5 Pipeline MLPs 16625 Energy Transfer LP 12.30 4 4 9.2 9.9 Pipeline MLPs 16

1799 BGC Partners 5.74 – 3 8.2 9.8 Brokers & Exchanges 192145 Macy’s Inc. 15.56 5 3 5.7 9.7 Retail Store 35336 SFL Corp. Ltd 14.36 3 3 13.9 9.7† Maritime 88544 Targa Resources 37.95 4 4 NMF 9.6 Natural Gas (Div.) 93

2302 AMC Entertainment Hldgs. 8.38 3 3 15.0 9.5 Recreation 60396 Macquarie Infra. 42.01 3 3 38.9 9.5 Industrial Services 10

1546 Service Properties 22.83 3 3 18.6 9.5 R.E.I.T. 22635 Shell Midstream L.P. 20.27 3 3 12.1 9.3 Pipeline MLPs 16

1202 Liberty All-Star 6.56 – 2 NMF 9.1 Investment Co. –108 Nissan Motor ADR 12.35 4 3 8.1 8.9 Automotive 65632 Plains All Amer. Pipe. 17.79 3 3 9.6 8.7 Pipeline MLPs 16

2184 Signet Jewelers Ltd. 17.09 5 4 5.4 8.7 Retail (Hardlines) 901592 Natural Resource 21.11 3 4 4.0 8.5 Metals & Mining (Div.) 81630 NuStar Energy L.P. 28.13 3 3 33.9 8.5 Pipeline MLPs 16

2197 Chico’s FAS 4.18 – 5 NMF 8.4 Retail (Softlines) 832453 Gladstone Capital 10.21 – 3 7.6 8.2 Public/Private Equity –2540 AllianceBernstein Hldg. 28.96 3 3 12.2 8.1 Financial Svcs. (Div.) 131203 MFS Multimarket 6.11 – 4 NMF 7.9 Investment Co. –514 Occidental Petroleum 39.93 4 3 61.4 7.9 Petroleum (Integrated) 42

1538 Park Hotels & Resorts 22.90 – 3 10.1 7.9 R.E.I.T. 22633 Plains GP Holdings L.P. 18.18 2 4 11.0 7.9 Pipeline MLPs 16

1197 Aberdeen Asia-Pac. Fd. 4.27 – 4 NMF 7.7 Investment Co. –2385 Tribune Publishing Co. 13.01 – 4 13.3 7.7 Newspaper –2320 Six Flags Entertainment 44.95 4 3 17.4 7.5 Recreation 60393 Iron Mountain 34.05 3 3 26.2 7.3 Industrial Services 10503 CVR Energy 45.11 – 3 10.8 7.1 Petroleum (Integrated) 42

2423 Helmerich & Payne 39.92 4 3 35.3 7.1 Oilfield Svcs/Equip. 95629 Magellan Midstream 61.16 3 3 13.5 7.1 Pipeline MLPs 16

1992 Brit. Am. Tobacco ADR 38.93 4 3 8.5 7.0 Tobacco 742563 Invesco Ltd. 17.75 4 3 14.0 7.0 Financial Svcs. (Div.) 131210 Covanta Holding Corp. 14.49 3 3 NMF 6.9 Power 41626 Enterprise Products 26.58 3 3 12.5 6.9 Pipeline MLPs 16

2330 Entravision Communic. 2.88 – 4 20.6 6.9 Entertainment 861991 Altria Group 49.26 3 2 11.3 6.8 Tobacco 742196 Cato Corp. 19.40 3 3 13.7 6.8 Retail (Softlines) 832307 Cedar Fair L.P. 55.39 3 3 15.9 6.8 Recreation 602517 HSBC Holdings PLC 37.59 3 3 9.2 6.8 Bank 46621 Cheniere Energy Part. 39.63 3 3 22.4 6.7 Pipeline MLPs 16105 Ford Motor 9.00 3 3 9.5 6.7 Automotive 65747 Russel Metals 22.74 4 3 13.4 6.7 Steel 91525 Brigham Minerals 19.90 – 4 41.5 6.6 Natural Gas (Div.) 93

1770 National Presto Ind. 91.37 4 3 13.4 6.6 Diversified Co. 52618 Williams Cos. 23.09 3 3 21.6 6.6 Oil/Gas Distribution 62

1528 Gaming and Leisure 42.00 3 3 22.5 6.5 R.E.I.T. 22634 Rattler Midstream LP 15.40 – 3 13.5 6.5 Pipeline MLPs 16502 BP PLC ADR 38.63 3 3 17.2 6.4 Petroleum (Integrated) 42332 GasLog Ltd. 9.35 4 4 9.9 6.4 Maritime 88

1593 Peabody Energy 9.82 5 3 6.9 6.4 Metals & Mining (Div.) 81519 Royal Dutch Shell ‘B’ 59.14 3 2 9.4 6.4 Petroleum (Integrated) 42

2452 Compass Diversified 22.82 3 3 NMF 6.3 Public/Private Equity –2203 L Brands 19.17 5 4 8.6 6.3 Retail (Softlines) 832375 Meredith Corp. 36.36 5 3 12.1 6.3 Publishing 822352 Extended Stay America 14.87 4 3 11.6 6.2 Hotel/Gaming 631219 Pattern Energy Group 27.39 – 3 NMF 6.2 Power 411594 Rio Tinto plc 54.67 2 3 8.8 6.2 Metals & Mining (Div.) 812397 WPP PLC ADR 64.50 3 2 11.9 6.2 Advertising 442136 Big Lots Inc. 20.69 5 3 6.7 6.1 Retail Store 351534 MGM Growth Properties 30.72 3 3 30.1 6.1 R.E.I.T. 222395 OUTFRONT Media 24.95 3 3 19.8 6.1 Advertising 44631 Phillips 66 Partners 56.56 1 3 12.5 6.1 Pipeline MLPs 16566 Chemours Co. (The) 16.60 5 4 7.0 6.0 Chemical (Specialty) 66

2200 Designer Brands 16.74 4 3 8.4 6.0 Retail (Softlines) 832144 Kohl’s Corp. 48.40 4 3 9.1 6.0 Retail Store 35

611 Enbridge Inc. 50.27 2 3 17.2 5.9 Oil/Gas Distribution 62616 TC Energy Corp. 50.97 2 3 16.6 5.9 Oil/Gas Distribution 62521 Total S.A. ADR 53.79 3 1 12.1 5.9 Petroleum (Integrated) 42

1996 Universal Corp. 51.51 3 3 12.2 5.9 Tobacco 741547 Simon Property Group 149.24 3 2 21.1 5.8 R.E.I.T. 222202 Gap (The), Inc. 17.16 4 3 8.1 5.7 Retail (Softlines) 832564 Janus Henderson plc 25.39 4 3 9.4 5.7 Financial Svcs. (Div.) 131505 New York Community 11.96 3 3 14.8 5.7 Thrift 14

Page 38 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

© 2019 Value Line, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind.THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber’s own, non-commercial, internal use. No partof it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.

To subscribe call 1-800-VALUELINE

UNTIMELY STOCKSStocks ranked 5 (Lowest) for Relative Price Performance in the next 12 months

Current %RankPage Recent P/E Est’d Industry

No. Stock Name Price Safety Technical Ratio Yield Industry Group Rank

Current %RankPage Recent P/E Est’d Industry

No. Stock Name Price Safety Technical Ratio Yield Industry Group Rank

HIGHEST DIVIDEND YIELDING NON-UTILITY STOCKSBased upon estimated year-ahead dividends per share

Current %Page Recent Time- Safety P/E Est’d IndustryNo. Stock Name Price liness Rank Ratio Yield Industry Group Rank

Current %Page Recent Time- Safety P/E Est’d IndustryNo. Stock Name Price liness Rank Ratio Yield Industry Group Rank

■ Newly added this week.

† Dividend cut possible

Page 39: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

2614 ACI Worldwide ACIW 37.45 11% 13% 3 3 1.15 35.0 NIL N- 20% IT Services 31648 ASGN Inc. ASGN 66.06 16% 14% 3 3 1.40 16.9 NIL 60-135% Human Resources 732134 Aaron’s Inc. AAN 57.21 11% 11% 2 3 1.10 14.2 0.3 15- 75% Retail Store 352586 Adobe Inc. ADBE 305.28 10% 21% 2 2 1.10 46.3 NIL 30- 75% Computer Software 112118 Advance Auto Parts AAP 159.15 10% 11% 3 3 1.00 18.2 0.2 15- 75% Retail Automotive 121819 Akamai Technologies AKAM 87.74 13% 12% 1 3 1.10 29.6 NIL 35-100% E-Commerce 54200 Align Techn. ALGN 278.07 25% 24% 4 3 1.10 48.2 NIL 5- 60% Med Supp Non-Invasive 21

1945 Ali. Couche-Tard ATDB.TO 42.96 24% 11% 3 3 0.75 20.2 0.6 30- 85% Retail/Wholesale Food 9303 Allegiant Travel ALGT 169.42 21% 11% 3 3 0.85 11.2 1.7 45-115% Air Transport 71

2637 Alphabet Inc. GOOG 1306.69 20% 17% 3 1 1.05 23.3 NIL 60- 95% Internet 702638 Amazon.com AMZN 1773.84 30% 26% 3 3 1.20 66.1 NIL 30- 95% Internet 702543 Ameriprise Fin’l AMP 161.78 11% 11% 2 3 1.40 10.5 2.4 5- 60% Financial Svcs. (Div.) 131744 AMETEK, Inc. AME 98.71 12% 13% 2 2 1.15 23.4 0.6 N- 35% Diversified Co. 522587 ANSYS, Inc. ANSS 249.42 13% 12% 1 2 1.05 39.3 NIL N- 5% Computer Software 111398 Apple Inc. AAPL 266.37 31% 12% 3 2 1.05 20.1 1.2 N- 40% Computers/Peripherals 67705 Axon Enterprise AAXN 74.33 11% 20% 4 4 1.25 NMF NIL N- N% Aerospace/Defense 45351 BJ’s Restaurants BJRI 41.43 16% 10% 4 3 0.85 20.5 1.3 95-200% Restaurant 43

2639 Baidu, Inc. BIDU 120.32 43% 11% 5 3 1.35 18.3 NIL 80-170% Internet 70564 Balchem Corp. BCPC 100.88 17% 12% 2 3 1.10 37.9 0.5 20- 80% Chemical (Specialty) 66

1649 Barrett Business Serv. BBSI 88.10 13% 11% 3 4 1.10 16.2 1.4 15- 85% Human Resources 732640 Booking Holdings BKNG 1897.54 32% 12% 2 3 1.20 17.5 NIL 30- 95% Internet 701966 Boston Beer ‘A’ SAM 381.79 16% 12% 2 3 0.75 39.1 NIL N- 40% Beverage 48380 Brookfield Asset Mgmt. BAM 57.52 11% 11% 1 3 1.10 26.5 1.1 5- 55% Industrial Services 10115 Bruker Corp. BRKR 50.75 11% 15% 2 3 1.15 29.9 0.3 20- 85% Precision Instrument 47

2618 CACI Int’l CACI 239.27 11% 10% 2 3 0.95 19.8 NIL N- 35% IT Services 3204 Cantel Medical Corp. CMD 75.80 14% 14% 3 3 0.90 30.9 0.3 25- 90% Med Supp Non-Invasive 21

2123 CarMax, Inc. KMX 97.83 15% 11% 2 3 1.15 18.1 NIL N- 55% Retail Automotive 12794 Centene Corp. CNC 61.17 25% 13% 3 3 1.05 13.2 NIL 30- 90% Medical Services 18

1750 Chemed Corp. CHE 429.17 11% 13% 1 2 0.85 29.3 0.3 N- 20% Diversified Co. 52355 Chipotle Mex. Grill CMG 786.51 13% 11% 2 3 0.95 50.7 NIL N- 25% Restaurant 43795 Cigna Corp. CI 203.87 11% 18% 2 3 1.00 11.4 NIL 30- 90% Medical Services 18383 Cintas Corp. CTAS 250.87 11% 13% 2 2 1.00 29.3 1.0 N- 20% Industrial Services 10116 Cognex Corp. CGNX 50.24 13% 13% 4 3 1.40 54.0 0.4 N- 50% Precision Instrument 47

2124 Copart, Inc. CPRT 89.94 14% 14% 1 2 0.95 33.9 NIL N- 5% Retail Automotive 12434 CoStar Group CSGP 608.15 18% 15% 2 3 1.05 58.8 NIL 10- 65% Information Services 6

2551 Credit Acceptance CACC 430.37 26% 13% 2 3 1.00 12.2 NIL 30- 95% Financial Svcs. (Div.) 132156 Deckers Outdoor DECK 164.52 16% 11% 3 3 1.05 18.2 NIL N- 40% Shoe 36178 Edwards Lifesciences EW 244.75 16% 14% 1 3 0.95 40.8 NIL N- 40% Med Supp Invasive 8951 F5 Networks FFIV 145.88 20% 11% 4 3 1.05 15.5 NIL 65-150% Telecom. Equipment 39

2557 FirstCash, Inc. FCFS 80.67 11% 10% 3 3 0.85 19.4 1.3 N- 35% Financial Svcs. (Div.) 132625 Fiserv Inc. FISV 114.74 11% 14% 1 2 0.90 31.8 NIL N- 10% IT Services 32106 G-III Apparel Group GIII 28.87 14% 10% 3 3 1.50 8.9 NIL 75-140% Apparel 85438 Gartner Inc. IT 160.14 16% 13% 4 3 1.00 49.0 NIL 30- 95% Information Services 6

2561 Global Payments GPN 179.65 12% 22% – 3 1.15 NMF 0.4 N- 20% Financial Svcs. (Div.) 13712 HEICO Corp. HEI 128.67 15% 15% 2 3 0.90 53.0 0.1 5- 60% Aerospace/Defense 45802 Humana Inc. HUM 344.82 12% 11% 2 3 0.90 19.0 0.7 N- 50% Medical Services 18439 IHS Markit INFO 72.23 17% 13% 1 3 1.05 26.9 NIL 10- 75% Information Services 6121 II-VI Inc. IIVI 28.21 13% 10% 4 3 1.35 12.0 NIL 75-165% Precision Instrument 47215 Illumina Inc. ILMN 317.23 21% 15% 3 3 1.00 45.9 NIL 15- 70% Med Supp Non-Invasive 21

2627 Infosys Ltd. ADR INFY 9.87 10% 12% 3 1 0.85 16.7 3.5 105-155% IT Services 32595 Intuit Inc. INTU 257.07 11% 14% 2 2 1.10 33.8 0.8 15- 55% Computer Software 11184 Intuitive Surgical ISRG 581.50 21% 13% 2 2 1.00 46.3 NIL N- 40% Med Supp Invasive 8

1333 iRobot Corp. IRBT 47.54 19% 12% 3 3 1.15 24.1 NIL 150-280% Electronics 59122 KLA Corp. KLAC 163.35 11% 11% 2 3 1.15 16.7 2.1 N- 20% Precision Instrument 47

1011 Lauder (Estee) EL 194.70 12% 11% 1 2 0.85 32.7 1.0 N- 15% Toiletries/Cosmetics 251717 Lennox Int’l LII 256.83 13% 11% 3 3 0.95 22.2 1.2 N- 45% Machinery 40440 MSCI Inc. MSCI 264.01 15% 17% 2 3 1.00 39.2 1.1 N- 20% Information Services 6

2158 Madden (Steven) Ltd. SHOO 43.00 15% 11% 3 3 1.10 22.5 1.4 5- 50% Shoe 361806 MarketAxess Holdings MKTX 397.18 20% 15% 2 3 0.75 71.3 0.5 N- N% Brokers & Exchanges 191231 MasTec MTZ 65.92 17% 11% 2 3 1.55 13.5 NIL 20- 90% Engineering & Const 842571 MasterCard Inc. MA 287.61 19% 15% 2 1 1.00 37.8 0.5 N- 5% Financial Svcs. (Div.) 13397 MAXIMUS Inc. MMS 75.48 18% 11% 2 3 1.00 18.8 1.5 25- 85% Industrial Services 10220 McKesson Corp. MCK 153.27 13% 10% 3 2 1.15 10.4 1.1 105-180% Med Supp Non-Invasive 21

1928 Medifast, Inc. MED 86.93 18% 22% 3 3 0.90 11.4 3.5 75-165% Food Processing 302597 Microsoft Corp. MSFT 151.23 10% 13% 1 1 1.10 28.1 1.3 10- 35% Computer Software 111722 Middleby Corp. (The) MIDD 115.77 19% 11% 3 3 1.10 16.4 NIL 45-115% Machinery 401370 Monolithic Power Sys. MPWR 164.11 15% 19% 3 3 1.20 58.2 1.0 5- 55% Semiconductor 561978 Monster Beverage MNST 58.66 22% 13% 2 3 0.80 26.7 NIL 35- 95% Beverage 48441 Moody’s Corp. MCO 225.74 11% 11% 2 3 1.10 26.8 0.9 N- 50% Information Services 6

2337 Netflix, Inc. NFLX 315.55 27% 13% 3 3 1.25 74.6 NIL N- 50% Entertainment 862003 New Orient. Ed. ADS EDU 122.72 24% 16% 2 3 1.10 35.7 NIL N- 45% Educational Services 332159 NIKE, Inc. ‘B’ NKE 92.90 11% 12% 2 1 1.00 31.0 1.1 N- 25% Shoe 361371 NVIDIA Corp. NVDA 221.21 14% 11% 4 3 1.35 37.7 0.3 N- 15% Semiconductor 56325 Old Dominion Freight ODFL 191.81 17% 11% 3 2 1.15 24.6 0.4 N- 5% Trucking 69225 Omnicell, Inc. OMCL 81.09 10% 13% 3 3 1.00 28.8 NIL 25- 85% Med Supp Non-Invasive 21

1833 Open Text Corp. OTEX 43.80 16% 13% 2 3 0.95 35.0 1.6 5- 50% E-Commerce 542316 Polaris Inc. PII 100.09 13% 12% 4 3 1.35 15.5 2.4 45-120% Recreation 601233 Quanta Services PWR 42.15 12% 10% 3 3 1.40 12.1 0.4 40-115% Engineering & Const 84227 ResMed Inc. RMD 146.31 12% 14% 2 3 0.85 36.6 1.1 N- 15% Med Supp Non-Invasive 21401 Rollins, Inc. ROL 35.31 12% 11% 3 2 0.90 53.5 1.2 N- 25% Industrial Services 10

1836 salesforce.com CRM 161.71 31% 14% 4 3 1.10 89.8 NIL N- 45% E-Commerce 541142 Sherwin-Williams SHW 580.01 11% 10% 1 2 1.05 25.6 0.9 N- 20% Retail Building Supply 152160 Skechers U.S.A. SKX 40.58 12% 12% 2 3 1.40 16.5 NIL 50-110% Shoe 36312 Southwest Airlines LUV 57.56 16% 10% 3 3 1.15 12.0 1.3 40-110% Air Transport 71721 Spirit AeroSystems SPR 90.19 11% 12% 4 3 1.15 13.2 0.5 20- 85% Aerospace/Defense 45370 Starbucks Corp. SBUX 83.75 13% 12% 1 1 0.90 27.9 2.0 20- 50% Restaurant 43

1817 Stifel Financial Corp. SF 62.57 13% 11% 3 3 1.40 10.1 1.1 35-110% Investment Banking 57404 SYNNEX Corp. SNX 123.31 13% 10% 3 3 1.20 9.1 1.2 35-100% Industrial Services 10

2609 Synopsys, Inc. SNPS 138.19 11% 10% 1 1 1.05 27.5 NIL N- 10% Computer Software 112208 TJX Companies TJX 59.35 14% 11% 2 1 0.90 21.5 1.6 20- 45% Retail (Softlines) 83371 Texas Roadhouse TXRH 58.64 13% 12% 3 3 0.80 22.6 2.2 30- 95% Restaurant 43

2642 Trip.com Ltd. TCOM 32.81 18% 19% 3 3 1.25 32.8 NIL 50-115% Internet 702633 Tyler Technologies TYL 289.33 22% 11% 1 3 0.90 52.0 NIL N- 40% IT Services 3815 UnitedHealth Group UNH 282.67 13% 12% 2 1 1.00 17.9 1.5 10- 35% Medical Services 18816 Universal Health ‘B’ UHS 141.32 13% 10% 2 3 0.95 13.8 0.6 25- 85% Medical Services 18

2612 VMware, Inc. VMW 168.73 21% 11% 4 3 1.00 24.7 NIL 15- 70% Computer Software 11349 Wabtec Corp. WAB 80.97 14% 12% – 3 1.20 19.0 0.6 30-100% Railroad 23817 WellCare Health Plans WCG 324.05 12% 18% – 3 1.05 20.8 NIL 25- 85% Medical Services 18328 XPO Logistics XPO 84.34 28% 12% 4 4 1.70 19.8 NIL 50-150% Trucking 69606 Zebra Techn. ‘A’ ZBRA 248.94 18% 11% 2 3 1.30 18.6 NIL N- 25% Wireless Networking 50

December 6, 2019 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY Page 39

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HIGHEST GROWTH STOCKS(To be included, a company’s annual growth of sales, cash flow, earnings, dividends and book value must together

have averaged 10% or more over the past 10 years and be expected to average at least 10% in the coming 3-5 years.)Est’d Estimated

Growth Growth Current % 3-5 YearPage Recent Past 3-5 Time- Safety P/E Est’d Price IndustryNo. Stock Name Ticker Price 10 Years Years liness Rank Beta Ratio Yield Appreciation Industry Group Rank

Page 40: Part 1 THE ALUE LINE File at the front of the · 1702 aaon, inc. (ndq) aaon 49.56 3 3 3 1.30 40- 60 (n- 20%) 37.3 0.6 1.33 .32 40 9/30.26.27 12/31 .16 .16 yes 702 aar corp. air 44.77

Page 40 SUMMARY AND INDEX • THE VALUE LINE INVESTMENT SURVEY December 6, 2019

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