Saturday, November 20, 2010

Stock Screen- Fundamentals, Growth, Momentum

I am trying something different this week. I moved the full results of my US all-time high stock screen to a page, with its own tab at the top of the blog ('Stock Screen Results'), so you can view all the charts if you want to. In the blog post I will highlight a handful of stocks that stand out.

This week I selected six stocks that would be candidates for long-term trend following based on a combination of:
  • Momentum: the stocks are on the all-time high list, so they are in uptrends by any definition.
  • Fundamentals: high Piotroski and Altman scores, indicating that the companies are well run.
  • Growth: above average quarterly EPS growth and sales growth 
As it turns out, these six stocks are spread across the Basic Materials, Technology, and Healthcare sectors, providing some opportunity for diversification across sectors.
Fundamentals and Growth
SymbolSectorF
score
Z
score
Market
Cap
EPS
Q/Q
Sales
Q/Q
Div.Pay
out
Inst
Own
Inst
Trans
Target
Price
ALBBasic Materials84.34.90B80%14%1%17%76%-0%58.8
APKTTechnology737.52.80B169%56%%0%81%4%41.8
CRRBasic Materials717.92.15B40%29%1%%92%2%88.6
DOVIndustrial Goods8NaN10.25B105%26%2%32%88%1%61.4
QCORHealthcare618.0881.57M859%126%%%83%2%14.0
RESBasic Materials78.62.66B539%129%1%21%28%3%27.2
 A high Piotroski F-score indicates financial strength, and a low Altman Z-score predicts bankruptcy
 Data are from GrahamInvestor.com, Yahoo Finance, and Finviz.com

ALB (Albemarle Corp | NYSE)
All-time Highs (Yahoo Finance): Intraday $53.83 (18-Nov-2010), Daily Close $53.10 (05-Nov-2010)
APKT (Acme Packet Inc | NASDAQ)
All-time Highs (Yahoo Finance): Intraday $44.22 (19-Nov-2010), Daily Close $44.03 (19-Nov-2010)
* in the barchart.com list of Top 100 Stocks
CRR (Carbo Ceramics Inc | NYSE)
All-time Highs (Yahoo Finance): Intraday $93.34 (19-Nov-2010), Daily Close $93.15 (19-Nov-2010)
* in the barchart.com list of Top 100 Stocks
DOV (Dover Corp | NYSE)
All-time Highs (Yahoo Finance): Intraday $55.93 (15-Nov-2010), Daily Close $55.21 (04-Nov-2010)
QCOR (Questcor Pharmaceuticals Inc | NASDAQ)
All-time Highs (Yahoo Finance): Intraday $14.27 (19-Nov-2010), Daily Close $14.18 (19-Nov-2010)
RES (RPC Inc | NYSE)
All-time Highs (Yahoo Finance): Intraday $28.59 (18-Nov-2010), Daily Close $28.50 (18-Nov-2010)

I recommend that you buy the stocks which are moving up persistently in price, and don't concern yourself that these stocks tend to cost a little bit more than some more boring issues. History shows that the premium paid for high-quality items of any kind is generally worth the extra money. -Braden Glett

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