Zack's Investment Research has an area of their website devoted to stock screens. One of the screens that they are currently featuring is the Earnings and Margins screen. The screen looks for stocks with growing earnings, earnings above zero, a good Zacks rank, and a good broker rating.
Here's the parameters of the screen:
- The most recent completed year's earnings higher than the previous year's earnings.
- Net Margin above zero.
- Zacks Rank <= 2
- Average Broker Rating = 1.0
And here's the results (rebalanced every 4 weeks):
2008 (through 3/21/08): -13%
2007: 7.7%
2006: 22.4%
2005: 27%
2004: 11.1%
2003: 103%
2002: 29.1%
2001: 58.5%
It's interesting to note that this screen has always had a positive year until this year. This year is proving to be especially tough for investors and traders. Good luck out there!
Friday, June 13, 2008
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