Old Screening Criteria (retired 12/14/14)

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.

I should probably have told you this before, but now is still a good time so here goes; I use firefox as my browser and load all my screening sites into a folder on my bookmarks toolbar. When I hold down the ctrl key and click the folder, all the sites open in separate tabs. Since I have to login to fidelity and sharebuilder each time I open my browser, but the login is retained during the browser session, I can simply go back to the appropriate tab and the load the proper screen. In this case, since I have ‘loaded’ the sites in order in my ‘screen’ folder’ I simply click each tab in order, select the proper screen and then it shows the results I am looking for!

See?

barchart1

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.

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.

barchart2

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

finviz1

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!

Voila! Results!

fidelity1

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.

sharebuilder1

Results are shown on the right side of the screen.

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!

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).

barchart3

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.

finviz2

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.

sharebuilder2

Results are displayed on the right side of 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 are 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).

barchart4

There is no finviz screen for ETFs/ETNs, because I simply couldn’t find it!

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 can see the results of my saved screen from the ‘Research, ETF’ section;

fidelity3

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. (This is the only screen where I do not search for performance in excess of 30%, simply because there would be no results. I don’t think it detracts too much overall from the results.)

sharebuilder3

Results are displayed on the right side of the screen.

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

seekingalpha

Oh, BTW, the ETF Hub on SA isn’t easy to find, so I’ve highlighted the link on their home page (again, I am logged in);

seekingalphahome

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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