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).
Last week, I mentioned Merrill Lynch’s Market Analysis Technical Handbook. I was somewhat smitten by the wire house attempt to explain the basics of technicals to a broader layperson audience. Several BP readers at Mother Merrill (as she used to be known) directed my attention to another annual release: US Quantitative Primer 2013. It is…Read More
My morning reads: • Dynamic Duo: Why Leon Cooperman and Steve Einhorn think this bull market still has legs (Barron’s) but see How Likely is A Continued Market Rise? (Avondale Asset Management) • Why Precious Metals are Taking a Pasting (Moneybeat) • Notes From the London Value Investor Conference 2013: Marks, Price, Montier & More (Market…Read More
Category: Financial Press
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
Good Sunday morning. Here are some reads that surfaced since the market closed Friday you may find worthwhile: • in which Downtown Josh Brown destroys the 1999 comparison (TRB) but see Felix Zulauf Developing Euphoria (Itau) • GE gets back to basics (Fortune) • Libor in a barrel: Oil markets fall under the suspicion of…Read More
Category: Financial Press