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With so many stocks to choose from, how can an investor increase their odds of building a profitable portfolio of stocks? By using stock screens, an individual can zero in on stocks that meeting their investment objections.
There are many screening engines available on the Internet. Each has its own strengths and weaknesses. Here are some of the screening engines that I use.
I usually start by defining what I am screening for (high growth, high yield, low P/E, etc.). I continue to add new screening criteria and refining existing criteria until I find 10 to 25 companies that meet my criteria.
I then take these 10 to 25 companies and do a fundamental analysis of each. Again, I use the Internet to gather the fundamental analysis data. I look at not only financial and statistical data, but I also look at any important news regarding the company or industry. Here are some of the sites that I use for gathering this information.
This usually narrows the list of companies to 5 – 10 prime candidates for investing. But is this the right time to buy and how much should I pay for the stock? To help me make these decisions, I use technical analysis. I study the stocks’ charts looking for patterns or warning signs and potential buy prices. Here are some of the charting sites that I use.
I have built screens to identify companies that fit various criteria, such as:
Established Companies with Accelerating Growth and Low PEG ratios
Companies Growing Earnings faster than Revenues and selling at low P/Es
Fastest Growing Companies
Technology Sector Best Performing Companies
Companies with Increasing Price and Volume
If you have any stock screen that you use, please let us know about them. If you have done any fundamental or technical analysis of the companies identified by our screens, please add your analysis to ours.
I hope this exercise proves beneficial to all of us. (Many thanks to those that have shared their screening and charting sites with us)
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