Old Screening Criteria (retired 5/18/15)

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 still experimental screens;

  • #300 Club Portfolio
  • #ETF Portfolio

So, what’s new?

Let’s have a look:

To recap (with 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

That’s an old picture, but it still conveys the idea well enough.

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 Exchanges (NYSE, Nasdaq, AMEX), and Moving Averages (5 Day over 20 Day, 20 over 50, 50 over 100, and 100 over 200).

I removed Trendspotter Opinion of Buy (Strength: Average, Strong, Maximum), and (Strength: Rising, Strengthening, Strongest) from the barchart screen.

barstock

The finviz screen adds Price above SMA20, SMA50, and SMA200.

I removed analyst recommendation of buy or better from the finviz screen.

finstock

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 added; Exchange Is One Of (AMEX, NASDAQ, NYSE), and Price Performance (52 Wk, 13Wk, 4Wk, 5 Days) Is highest/lowest % in market (Highest 20%).

I removed Equity Summary Score from StarMine of Bullish or Better from the Fidelity screen.

Voila! Results!

fidstock

The sharebuilder screen is now more closely aligned with my 2 basic criteria, and I have added Price Performance (4 Week More Than Or Equal To 5%, 13 Week More Than Or Equal To 10%, and 26 Week More Than Or Equal To 20%) to my basic criteria.

I have removed Ratings from Markit Consensus (hold or better), and Sabrient (hold or better) from the screen.

sharestock

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 I have added Exchanges (NYSE, Nasdaq, AMEX), and Moving Averages (5 Day over 20 Day, 20 over 50, 50 over 100, and 100 over 200).

I have removed Trendspotter Opinion of Buy (Strength: Average, Strong, Maximum), and (Strength: Rising, Strengthening, Strongest).

barclub

I screen on finviz.com, looking for 300%+ return and Price above The SMA 20, SMA50, and SMA200.

I have removed analyst recommendations of buy or better.

finclub

I screen on fidelity.com, looking for 300%+ return. I added; Exchange Is One Of (AMEX, NASDAQ, NYSE), and Price Performance (52 Wk, 13Wk, 4Wk, 5 Days) Is highest/lowest % in market (Highest 20%).

I removed Equity Summary Score from StarMine of Bullish or Better.

fidclub

I screen on sharebuilder.com, looking for 300%+ return, and I have added Exchange (NYSE, NASDAQ, NYSE Mkt (AMEX)), and I have added Price Performance (4 Week More Than Or Equal To 37.5%, 13 Week More Than Or Equal To 75%, and 26 Week More Than Or Equal To 150%) to my basic criteria.

I have removed Ratings from Markit Consensus (hold or better), and Sabrient (hold or better) from the screen.

shareclub

Results are displayed on the right side of the screen.

And, finally:

My expectations for the #HYHRD ETF/ETN Portfolio:

I target a minimum 20% 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 I have added Moving Averages (5 Day over 20 Day, 20 over 50, 50 over 100, and 100 over 200).

I have removed Trendspotter Buy Opinion (Strength: Average, Strong, Maximum), and (Strength: Rising, Strengthening, Strongest).

baretf

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

I screen on fidelity.com, looking for price performance, dividend 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. I have added Returns Range (Average, High) and Net Expense Ratio Range (Average, Low).

shareetf

Results are displayed on the right side of the screen.

I use the new ETF HUB on Seeking Alpha, looking for performance (>20%) 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!

This gives me a nice basis to start with.

Happy trading and stay profitable!

Pat

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