Old Screening (retired 5/18/15)

Please check out the Currently In Use Screening Criteria in the weekly (usually on Friday) release of screening results!

Please also be sure to check out the Current Screening Criteria tab(s)! Data might be somewhat outdated.

In my recent posts about screening, I’ve outlined the methodology I use to screen for the HYHRD stocks, etc. I thought I’d put it all together here so you can duplicate it and play around with it yourselves. If you make any changes, be sure to post about it (use the form at the bottom of the page). The more people that have positive input the better it’ll get!

Okay, I’ve just posted again about screening, which is my initial ‘first step’ when looking for investments. This is the post. (LOTS of changes since that post, most outlined here). Some of the change were made to ‘thin the herd’ because there were simply too many stocks showing up, and most of them were what I would consider ‘garbage’ stocks, like PRSC, noted below.

Since that post, I have even more changes to the procedure(s);

BTW, HYHRD stands for High Yield High Return Dividend investments that have annual returns of ~30% or more and dividend yield of ~8% or more. The 300 Club or ‘club’ stocks refers to stocks that have an annual return of 300% or more. The ETF screens refer to ETFs/ETNs that have annual returns `20-30% or more and dividend yield of ~6% or more.

I use 4 FREE stock screening websites;

barchart.com, finviz.com, fidelity.com, sharebuilder.com

I use 4 FREE ETF/ETN screening websites;

barchart.com, fidelity.com, sharebuilder.com, seekingalpha.com,

The sites are free, but you have to sign up (register) in order to save your screens.

I’ve already outlined how I screen for the HYHRD (High Yield High Return Dividend) stock portfolio using barchart.com and finviz.com, but lately I’ve noticed more and more ‘inconsistency’ with both of those websites. Sure, they have customizable screens that give me the results I am after for the most part, but they have also been ‘inconsistent’ with their results. Both websites have been unresponsive to my inquiries at times, except finviz.com. finviz.com has been consistent with their unresponsiveness. I’m not gonna go into it too deeply here except to say that finviz.com has never responded to any of my emails about INCORRECT INFORMATION on their website. Why would you PAY MONEY (SUBSCRIBE) to a website that refuses to acknowledge your inquiries?

I’ve always been doing a lot of thinking about the screening in general and in particular using barchart.com and finviz.com and frankly, there’s a lot to like and dislike about each one.

So, a while ago on a whim I decided to use the screener on sharebuilder.com. Try it yourself; go to sharebuilder.com, and click Research, then roll your cursor over Find Investments and click on Investment Screener. Stocks is already highlighted, so click on Popular and Saved Searches and then use the dropdown menu to select Create Your Own Screen.

Also on a whim I decided to try using the screener on Fidelity.com, but the criteria I used is quite different. Try it yourself and see if you like it.

Again, using barchart, finviz, sharebuilder, fidelity, and seekingalpha is all FREE. No account needed, unless you wish to save your custom screens.

Playing around with the settings of any screen obviously might get different results, such as when I change Analyst Recom. = Buy or better to Analyst Recom. = Any on finviz might make more symbols appear, but removing Indicators = TrendSpotter Buy from barchart might not.

All in all I think the screens performed with more than enough congruity along with a little occasional (constant?) ‘tweaking’ or ‘fiddling’.

Now, given all of this there are some ‘features’ available with one screener that may not be available or even approximated on another platform. Those need to be investigated further to see how they ‘fit’ with the strategy that’s being used.

Okay, from here on I will explain what my current initial criteria (based on individual criterion) are for each screen (for a better and more up to date explanation with screenshots, please see the Current Screening Criteria Screenshots page);

I have been experimenting (i.e.; “tweaking”) my screening for the #HYHRD (High Yield High Return Dividend) Portfolio, and I have now added 2 more experimental screens;

  • #300 Club Portfolio
  • #ETF Portfolio

So, what’s new?

Let’s have a look:

To recap (with some minor changes);

My expectations for the #HYHRD (High Yield High Return Dividend) Portfolio:

I target a minimum 30% annual return on stock price *and* a minimum 8% dividend yield.

I can’t always hit that, but those are my targets.

Sometimes I hit my targets, too; some I exceed by a little, and some by a lot.

Stock Screening

I use 4 stock screeners; barchart.com, finviz.com, fidelity.com, and sharebuilder.com.

My basic initial screening criteria; I look for an 8% dividend yield and a 30% annual return. I weed out results that aren’t quite “up to snuff” in my opinion.

The barchart and finviz screens are sometimes reasonably reliable, but need to be checked from time to time because I found they both can be quite prone to errors at times thereby giving incorrect results. These errors, once detected and compensated for, do not detract significantly enough from the overall reliability of these 2 screens, based on the criteria I am using. One recent example is the HYHRD screen revealed PRSC with over a 55% yield, although PRSC never has and has no intention of EVER paying a dividend, Just another example of INCORRECT INFORMATION from finviz.com.

I’ve added Trendspotter Opinion of Buy (Strength: Average, Strong, Maximum), and (Strength: Rising, Strengthening, Strongest) to the barchart screen, along with my basic criteria.

The finviz screen adds analyst recommendation of buy or better to my basic criteria.

The fidelity screen is the least forgiving and probably most ‘accurate’, and I place quite a bit of trust in it’s results, or lack thereof. I am finding the results produced by the fidelity screen follow the criteria even more closely than either barchart or finviz. What this means is that this screen is almost ‘perfect’, which may or may not be a good thing. I’ve added Equity Summary Score from StarMine of Bullish or Better to my basic criteria. Stay tuned!

The sharebuilder screen is now more closely aligned with my 2 basic criteria, and I have added Ratings from Markit Consensus (hold or better), and Sabrient (hold or better) to the screen.

There’s other criterion that I use, and that further limits the number of stocks that will pass each screen. I believe that all of these criteria, when considered together, yields ‘higher quality’ results.

I also get tips from fellow traders on StockTwits and even from articles written for Seeking Alpha, and some of those tips are quite good. Some are notoriously bad, though, so I still need to due my own own DD (That’s Due Diligence, for the n00bz!). Of course, if a stock looks bad on first pass and has never passed any of my screens, my scrutiny is rather tough, and some tips are dismissed out of hand. Still, though, some tips do make it through. YMMV!

And, these next 2 screens are NEW:

My expectations for the #300 Club Portfolio:

I target a minimum 300% annual return on stock price.

I can’t always hit that, but that’s my target.

Sometimes I hit my target, too; sometimes I exceed by a little, and sometimes by a lot.

300 Club – Oversized Returns Screening – EXPERIMENTAL!

I use 4 screeners to look for oversized returns; barchart.com, finviz.com, fidelity.com, and sharebuilder.com.

My basic initial screening criteria; I look for 300%+ return. I ‘weed out’ results that aren’t quite “up to snuff” in my opinion.

There’s other criteria that I use, and that further limits the number of stocks that will pass each screen. I believe that all of this criteria, when considered together, yields ‘higher quality’ results.

I also get tips from fellow traders on StockTwits and even from articles written for Seeking Alpha, and some of those tips are quite good. Some are notoriously bad, though, so I still need to due my own own DD (That’s Due Diligence, for the n00bz!). Of course, if a stock looks bad on first pass and has never passed any of my screens, my scrutiny is rather tough, and some tips are dismissed out of hand. Still, though, some tips do make it through. YMMV!

I screen on barchart.com, looking for 300%+ return and Trendspotter Opinion of Buy (Strength: Average, Strong, Maximum), and (Strength: Rising, Strengthening, Strongest).

I screen on finviz.com, looking for 300%+ return and analyst recommendations of buy or better, along with Price above The SMA 20, SMA50, and SMA200.

I screen on finviz.com, looking for 300%+ return and analyst recommendations of buy or better, along with Price above The SMA 20, SMA50, and SMA200.

I screen on sharebuilder.com, looking for 300%+ return, and I have added Ratings from Markit Consensus (hold or better), and Sabrient (hold or better) to the screen.

And, finally:

My expectations for the #HYHRD ETF/ETN Portfolio:

I target a minimum 30% annual return on ETF/ETN price *and* a minimum 6% dividend yield.

I can’t always hit that, but those are my targets.

Sometimes I hit my targets, too; some I exceed by a little, and some by a lot.

ETF/ETN Screening – EXPERIMENTAL!

I use 4 ETF/ETN screeners; barchart.com, fidelity.com, sharebuilder.com, and seekingalpha.com.

My basic initial screening criteria is different for each screener, and I weed out results that aren’t quite “up to snuff” in my opinion.

There’s other criteria that I use, and that further limits the number of stocks that will pass each screen. I believe that all of this criteria, when considered together, yields ‘higher quality’ results.

I also get tips from fellow traders on StockTwits and even from articles written for Seeking Alpha, and some of those tips are quite good. Some are notoriously bad, though, so I still need to due my own own DD (That’s Due Diligence, for the n00bz!). Of course, if a stock looks bad on first pass and has never passed any of my screens, my scrutiny is rather tough, and some tips are dismissed out of hand. Still, though, some tips do make it through. YMMV!

I screen on barchart.com, looking for yield (>6%), positive alpha, positive weighted alpha, and Trendspotter Buy Opinion (Strength: Average, Strong, Maximum), and (Strength: Rising, Strengthening, Strongest).

I screen on fidelity.com, looking for price performance, yield and alpha in the highest 20% of the market, and standard deviation in the lowest 20% of the market.

I screen on sharebuilder.com, looking for price performance (>20%), and Morningstar Risk vs. Category Below Average and Low, and Return vs. Category Above Average and High.

I use the new ETF HUB on Seeking Alpha, looking for performance (>30%) and yield (>6%).

Well, there you have it. A look at the new screening procedures I am employing. I must stress that the 2 new screens are still in the experimental phase, and as with any other screen it might be a good place to start but you absolutely must do your own due diligence, which might include looking at charts and fundamentals and/or consulting with a financial advisor, which I am not. This is what I do, I certainly don’t advocate that you follow my actions or lack thereof and as always, YMMV!

So, this gives me a nice basis to start with.

Happy trading and stay profitable!

Pat

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