The Globe and Mail attempts to identify Canadian stocks combining upward analyst revisions and attractive valuations within sectors that have historically outperformed the S&P/TSX composite index during the fourth quarter in its Wednesday edition. The Globe's Khaled Eniba writes that four sectors have outperformed the S&P/TSX during the fourth quarter over the past 15 years: financials, consumer staples, industrials and information technology. Mr. Eniba looked for positive analyst revisions. Mr. Eniba believes revisions occur in clusters, where past revisions by top-ranked analysts are highly predictive of future revisions by laggard analysts. As well, he looked for positive price-earnings-to-growth (PEG) multiples that are lower than the composite index. PEG is P/E divided by the expected earnings growth rate over the next 12 months, which allows Mr. Eniba to directly compare P/E multiples of companies with different growth prospects. A value stock with declining income may appear cheap when only historical earnings are considered, but PEG may tell a different story. Mr. Eniba recommends Bank of Nova Scotia, Kinaxis, Celestica, Air Canada, New Flyer Industries and Aecon Group.