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The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.

ARROW ELECTRONICS, INC. (ARW) is a mid-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Its segments include the global components business and the global enterprise computing solutions (ECS) business. The global components business segment distributes electronic components to original equipment manufacturers and contract manufacturers. The ECS business segment provides enterprise computing solutions to value-added resellers and managed service providers. The Global ECS portfolio of computing solutions includes cloud and security. Global ECS provides cloud solutions to businesses through ArrowSphere, a cloud marketplace and management platform. It maintains over 220 sales facilities and 43 distribution and value-added centers, serving over 90 countries. Both its segments have operations in each of the three electronics markets; the Americas; Europe, Middle East, and Africa, and Asia-Pacific regions.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of ARROW ELECTRONICS, INC.

DXP ENTERPRISES INC (DXPE) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: DXP Enterprises, Inc. is a products and service distributor that offers solutions to industrial customers. It is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and services to energy and industrial customers. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery. The Innovative Pumping Solutions segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to meet the capital equipment needs of its global customer base. The Supply Chain Services segment manages all or part of its customers' supply chains, including procurement and inventory management. It is also engaged in providing municipal and industrial pump sales, service, and repair in the states of Arizona, New Mexico, as well as West Texas.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of DXP ENTERPRISES INC

CHORD ENERGY CORP (CHRD) is a mid-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Chord Energy Corporation is an independent exploration and production company with assets in the North Dakota and Montana regions of the Williston Basin. The Company produces and markets crude oil, natural gas liquids (NGLs) and natural gas. It has approximately 963,009 net leasehold acres in the Williston Basin, of which approximately 99% is held by production. It focuses on the Middle Bakken and Three Forks formations, which are present across a substantial portion of its acreage. It has approximately 3,583 gross (2,742.8 net) operating producing wells, including 2,558.6 net operated producing wells in the Williston Basin. Its working interest for producing wells averaged 46% in total and 77% in the wells it operates. The Company has an average daily production of 119,785 net barrels of oil equivalent per day (Boepd), including average daily production of 171,880 net Boepd with crude oil production of approximately 95,992 barrels of oil per day (Bopd).

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

Detailed Analysis of CHORD ENERGY CORP

About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.

About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.