Screening through some stocks
Every 4 months or so, I try to screen through stocks of a wide cross section to get a feel what area is strong.
1) PE lower than last quarters net income y2y growth rate. No net losses or declines in net losses.
Fail: DELL, BGP, NTAP, GLW, PALM, DCI, X, PHA, PFE, MDT, CAT, AMCC, BRCM, CSCO, ITWO, MRVC, PMCS, RMBS, SEBL, ACPW, BLDP, EFCX, HPOW, IMCO, PLUG, SATC, GMST, JDSU, QCOM, WIND, ABUY, DTOX, GECC, THFZ, CXNT, CUBE, EXDS, GSTRF, GX, LNOP, LOR, LU, MFNX, NEON, NOVL, NSM, NT, NUFO, PCS, STOR, TERN, TSIX, WCOM, XLA, XLNX, SCMR, AVCI, AVNX, LVLT, MCLD, MONI, Q, XOXO, VRTS, ENE, CPST, XXIA, RFMD, CPQ, CHINA, ISLD, DITC, EK, TXU, FNSR, EXTR, HAND, RIMM, IART, ISIL, ININ, KLIC, LIOX, INCY, MLNM, MLTX, NMSS, NTCT, NSIL, ONIS, PUMA, OPLK, OPWV, SNE, SNCI, SONO, VIRS, TUTS, ZANY, FLEX, UAL, YHOO, EMKR, TIBX, DOW, MSFT, IBM, AOL, NXTL, VRSN, SYMC, ARBA, VTSS, QLGC, RBAK, CORV, AMT, WCG, T, GTW, AAPL, CMRC, SONS, VIGN, AKAM, INKT, ATHM, BKHM, AETH, INRG, SLAB, FFIV, ALL, BJ, SO, AEP, MIR, XEL, ED, CIN, EXC, PPL, DTE, CEG, FE, BMCS, BBY, TOY, SPLS, LOW, DPH, NSC, ACI, BK, BUD, CEPH, CHTR, CMH, CVS, DNA, ECL, EV, FLM, GLM, HSY, IMCL, JPM, KDN, KMB, KMI, LNCR, MCO, MO, NOI, OXHP, PNC, RATL, RCGI, RSAS, SWY, THC,
Pass: BRCD, DRMD, ORCL, INTC, DELL, SCHL, UCL, UPS, CIEN, CREE, MNMD, NEWP, SUNW, AVA, IDA, UTX, EMC, SNDK, A, ADI, ATML, CY, EDS, LSI, MOT, WFII, JNPR, ALA, TQNT, TXCC, C, EPG, CCMP, APC, PTEN, BRZE, KOPN, AHAA, CPN, CYTC, EMLX, FDRY, JBL, CLS, SLR, HSE, MARY, SUN, IRF, KEM , AVN, AVX, VSH, AMD, MTSN, METHA, MET, DE, OCPI, PRSF, SFA, SSTI, TWAV, TSTN, SAWS, SANM, CAMP, NETE, DD, OLN, NOK, ERICY, TXN, BEAS, TLAB, CHKP, ALTR, EBAY, KLAC, NVLS, AMAT, PWER, RNWK, JNIC, ABK, ACF, AES, BARZ, REI, WMB, NRG, ORN, DUK, CD, CMCSK, CVC, DVN, DYN, ESV, EVG, FBF, HRC, IDTI, KRB, LEH, MND, NBR, NDE, NE, OCA, OSCA, RDC, RHB, SEI, TYC, UTI, WW, XOM
2) No red single stick for largest volume day in three months. Been one of my negative indicators.
Fail: BRCD, ORCL, INTC, CREE, SUNW, IDA, EMC, SNDK, A, CY, MOT, WFII, JNPR, TQNT, TXCC, EPG, CCMP, APC, PTEN, BRZE, KOPN, CPN, EMLX, FDRY, JBL, SLR, MARY, KEM, AVN, VSH, SSTI, TSTN, SAWS, SANM, NETE, OLN, NOK, ERICY, TXN, BEAS, CHKP, ALTR, PWER, RNWK, JNIC, ABK, AES, BARZ, REI, DUK, CD, CVC, DYN, ESV, HRC, IDTI, MND, MBR, NE, OCA, RDC, TYC, WW, XOM,
Pass: DRMD, DELL, SCHL, UCL, UPS, CIEN, MNMD, NEWP, AVA, UTX, ADI, ATML, EDS, LSI, ALA, C, AHAA, CYTC, CLS, HSE, SUN, IRF, AVX, AMD, MTSN, METHA, MET, DE, OCPI, PRSF, SFA, TWAV, CAMP, DD, TLAB, EBAY, KLAC, NVLS, AMAT, ACF, WMB, NRG, ORG, CMCSK, DVN, EVG, FBF, KRB, LEH, NDE, OSCA, RHB, SEI, UTI,
3) Barchart.com Buy
Fail: DELL, SCHL, UCL, UPS, CIEN, MNMD, NEWP, AVA, UTX, ADI, ATML, EDS, LSI, ALA, C, CYTC, CLS, AHAA, SUN, IRF, AVX, METHA, MET, DE, OCPI, PRSF, SFA, TMAV, CAMP, DD, TLAB, EBAY, NVLS, AMAT, ACF, ORG, CMCSK, FBF, KRB, LEH, RHB,
Pass: DRDM, HSE, AMD, MTSN, KLAC, WMB, NRG, DVN, EVG, NDE, OSCA, SEI, UTI
4) EBITDA positive so they can fund their own expansion.
Fail: NDE,
Pass: DRMD, HSE, AMD, MTSN, KLAC, WMB, NRG, DVN, EVG, OSCA, SEI, UTI,
5) EPS estimates raised in last 90 days for annual.
Fail: KLAC, AMD, DRMD (has no info)
Pass: UTI, SEI, OSCA, EVG, DVN, NRG, WMB, MTSN, HSE,
Hmmm. UTI, SEI, OSCA, EVG, DVN, NRG, WMB, HSE are energy play. MTSN is one own before.
Will listen to the CCs and narrow down some more.
Jack
