Over-Analyzed Picks

[billyjoe]

I keep a watch list of stocks based on latest earnings reports and high relative strength. After tracking price performance , some for over 17 weeks, the list is cut to about 25. These are screened through IBD data, stockscouter, barchart, and analysts estimates. Here are the top 6 with the highest composite scores.

1.OMM

2.IPS

3.BEBE

4.GDP

5.LYO

6.LCAV


All the information can be obtained at no cost except for IBD data. Hope somebody can make $ from these. I own none until something else is sold.

Go to google if you want links for barchart.com, stockscouter (MSN) or analysts estimates (Starmine.com). You can pick up good free stuff from them all.
billyjoe

[Runner]

Billyjoe, I like the chart of LCAV, thanks for posting this

[IIC]

I keep a watch list of stocks based on latest earnings reports and high relative strength. After tracking price performance , some for over 17 weeks, the list is cut to about 25. These are screened through IBD data, stockscouter, barcharts, and analysts estimates. Here are the top 6 with the highest composite scores.

1.OMM

2.IPS

3.BEBE

4.GDP

5.LYO

6.LCAV


All the information can be obtained at no cost except for IBD data. Hope somebody can make $ from these. I own none until something else is sold.

Go to google if you want links for barcharts.com, stockscouter (MSN) or analysts estimates (Starmine.com). You can pick up good free stuff from them all.
billyjoe

Hey Billy...you mention where you get the info...but what are the criteria if you don't mind me asking?

[New-born baby]

I keep a watch list of stocks based on latest earnings reports and high relative strength.
1.OMM

2.IPS

3.BEBE

4.GDP

5.LYO

6.LCAV
billyjoe

BillyJoe,

Just wrote to point out that OMM is a competitor to FRO. I think--check it out at IBD, I don't subscribe--that FRO is #1 in the category. I follow OMM for months. It is highly volatile like all the other tanker stocks. But I think the category is going to go up because the oil price remains high. Good pick, IMHO.

Just a FRO head's up while I'm at it: ex-date is 2/20. I look for move upwards.

[billyjoe]

New-Born,
Just checked, OMM is third in the group, FRO is 7th.
billyjoe

[billyjoe]

IIC,
Sorry, that's barchart (no s) big difference. I pick out the initial list from IBD's daily earnings reports. Anything with an arrow pointing down is rejected. RS is usually higher than EPS, but both should be over 80. Earnings usually are over estimates and anywhere from 30% to 800% increase depending upon industry (banks at the lower end). The price is written down each week (minimum 3 weeks max unknown) stocks are off the list if they drop for 4 weeks in a row or a one time drop of 15% or greater. The list is further cut based on upward or downward price trend. A bad chart also gets a stock thrown out. Having cut the list from 125 down to 25, I make note of industry group strength and how many quarters of consecutive increased earnings (extra points for these 2).
Then I go to stockscouter and write down their rating on the stock (10) is the highest.
Go to Starmine investors and look at consensus earnings estimates, click on recommendations to hold, buy , or strong buy, yesterday, 30 days ago, 60 days ago.
Then go to barchart.com and check out overall buy/sell averages for short, medium, and long term indicators.

After getting all this info I average all the recommendations together to get a number then rank the top stocks accordingly. It's not 100% scientific, but my best guess.
billyjoe

[IIC]

IIC,
Sorry, that's barchart (no s) big difference. I pick out the initial list from IBD's daily earnings reports. Anything with an arrow pointing down is rejected. RS is usually higher than EPS, but both should be over 80. Earnings usually are over estimates and anywhere from 30% to 800% increase depending upon industry (banks at the lower end). The price is written down each week (minimum 3 weeks max unknown) stocks are off the list if they drop for 4 weeks in a row or a one time drop of 15% or greater. The list is further cut based on upward or downward price trend. A bad chart also gets a stock thrown out. Having cut the list from 125 down to 25, I make note of industry group strength and how many quarters of consecutive increased earnings (extra points for these 2).
Then I go to stockscouter and write down their rating on the stock (10) is the highest.
Go to Starmine investors and look at consensus earnings estimates, click on recommendations to hold, buy , or strong buy, yesterday, 30 days ago, 60 days ago.
Then go to barchart.com and check out overall buy/sell averages for short, medium, and long term indicators.

After getting all this info I average all the recommendations together to get a number then rank the top stocks accordingly. It's not 100% scientific, but my best guess.
billyjoe

Thx for the explanation...I knew the "s" and I know Starmine...never heard of StockScouter(will take a look).

I never consider the IBD EPS rating...I think it is backward looking...I prefer the current quarter ests. and projections.( I know you didn't specifically mention it...but I think many take it as gospel)

Anyway...very interesting...but seems like a lot of work to me...Thx for the details...Doug(IIC)

[billyjoe]

IIC,
I know what you mean about the IBD earnings, some of their figures make no sense especially on newer issues. Think of the can-slim fans that missed great stocks because they appeared to have lousy earnings.
billyjoe

[billyjoe]

Not to brag ,but #1 on todays Where the Big Money's Flowing --UP in price is GDP and #6 is IPS
billyjoe

[canaveraldan]

Wow, GDP is up 9%. I'm looking at buying LCAV later to day and holding through their upcoming quartly report.

[Runner]

GDP must be helping out my TMR today!