With original trim-fast in mind
16/06/2014 10:52
These 14 Stocks Are Still Beating The Market
trim-fast slimming softgel has been one of the craziest earnings seasons I have seen. With all of the macro uncertainty and so few stocks truly working, investors have been very quick to take profits where they exist at the slightest hint of disappointment.
Sometimes, a massive selloff is a sign of more bad news to come, but other times, it's just profittaking. In those cases, it can be an opportunity to enter or to add to positions. One of the things I like to see when bottomfishing is a sign that the longerterm technical and fundamental trends remain intact. While it's no guarantee that the markeddown merchandise won't get cheaper, I think it's safer than buying a falling knife.
With original trim-fast in mind, I designed a screen in Baseline designed to find some stocks that have been hammered recently but that appear to be in longerterm rallies and that have been growing sales and earnings. Here is what I required:
Market Cap > $500 millionPrice vs. 52week High: Down > 35%QTD Price Change 2year Price Change > 35% (S 500 = +24%)Oneyear Sales Growth > 0%Oneyear EPS Growth > 0%So, we are looking for stocks with significant corrections in longer bull trends that aren't seeing a decline in the fundamentals. Here are the 14 stocks that made the cut:
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Please keep in mind we are hunting, not recommending. Screening is a good start, but you should thoroughly investigate any of these ideas before buying. The list is divided into five sections, representing different economic sectors and sorted from greatest to least price decline from the 52week high.
I have included some extra information in order to perhaps prioritize the list further. Three of the stocks, noted in red, have relatively high net debt to capital, but most of these stocks have cash in excess of debt. While all of the stocks are handily beating the market over the past two years, I also highlighted the three stocks that are still up in 2012 despite the recent hit to their prices.