Posts filed under “Markets”
Here is a good valumentum (value + momentum) screen we came up with using FusionIQ
It’s time for another installment of FusionIQ’s Screen Pass. IQ Screen Pass utilizes FusionIO’s proprietary metrics along with widely followed industry metrics to create high level investing and trading screens. Today’s edition of Screen Pass looks for stocks that combine both Value and Momentum, or as we like to call it … Valumentum.
The variables used in today’s screen are as follows: (1) Fusion Technical Scores (ETech) between 70 – 100; (2) Market Cap (EMC) of > $ 1 billion; (3) Trading Volume (EV) of 500,000 or >; (4) Closing Price (Price) of > $ 5; (5) Price to Sales Ratio (PSR) of < 1.9; (6) Forward P/E < 18; (7) Price to Growth Ratio (PEG) of < 1.5; and (8) out-performance vs. the S&P 500 (market) over the last 4 weeks of > 5 % (PM4W).
With the market rising a lot of late, we wanted to add a value component to our momentum inputs, to gives us the best of both worlds.
Eight stocks hit today’s list; E-Trade Financial (ETFC), Genworth Financial (GNW), Dresser-Rand Group (DRC), Eaton Corp (ETN), Dicks Sporting Goods (DKS), United Rentals (URI),Pier 1 Imports (PIR) and Foot Locker (FL).
What year is it? That seems to be one of the themes that keeps popping up lately. What year is 2013 like? Is it 1999 and we are about to crash? Is it 1982 and we are on the verge of a multi-decade bull run? Or are we heading for a 1987-like debacle? The answer…Read More
European Union Launches Investigation Into Manipulation of Oil Prices Since 2002 CNN reports: The European Commission raided the offices of Shell, BP and Norway’s Statoil this week as part of an investigation into suspected attempts to manipulate global oil prices spanning more than a decade. None of the companies have been accused of wrongdoing, but…Read More
Last week, we remembered Barron’s columnist and editor, Alan Abelson (A Few Words About Alan Abelson). This week, Barron’s gathered various commentary from Colleagues, Wall Street Friends and Readers to remember Alan Abelson. It is a long piece filled with words from many readers. The shame of it is that Abelson himself never got to…Read More
Succinct Summations week ending May 17, 2013. Positives: 1. The S&P 500 and Dow continue to hit new all-time highs. 2. Nikkei rises above 15,000 for the first time since Jan 2009. 3. U.S. retail sales grow 0.1% v expectations of -0.4%; Excluding autos and gas climbs by 0.6% v expectations of +0.3%. 4. Japan…Read More
My afternoon train reads: • Of course “hedge funds” lose money (Noah Opinion) see also A Professional Preps for the End of QE (Forbes) • The Buffett Formula — How To Get Smarter (Farnam Street) • The super soaraway Nikkei (FT Alphaville) • Retirement: How They Do It Elsewhere (NYT) • Even economists need lessons…Read More
Click for updated Futures Ahhh, back at home after a lovely few days in Beverly Hills and Newport Beach. Between the weather and the geography, it is very easy to see how California has attracted so many people over the past century. Historically, Geography was economics for the early development of trade, rise of…Read More
Succinct Summations week ending May 10, 2013. Positives: 1. S&P 500 and the Dow continue their ascent, both hitting new all-time highs. 2. U.S. weekly jobless claims come in at their lowest reading since January 2008. 323K v expectations of 335k. 3. Yen weakens to 100 v the dollar for the first time in 4…Read More
Source: Chart of the Day The US stock markets continue to rally this week, with the S&P 500 trading up on the week. A longer term look at the S&P 500 since 2000 illustrates both the post dot com comeback and and the post-financial crisis rally. The latest leg of the post-financial crisis rally…Read More
I am in Los Angeles for a few meetings and events this week. If anyone is game for drinks, we will be getting together at the Palomar Hotel Bar & Lounge Blvd 16 from 5:15-7pm today (May 9th). Go in through the lobby, Blvd 16 door on your right (before elevators). Please tweet me @Ritholtz…Read More