To: Jenna who wrote (10134 ) 6/12/1998 12:49:00 AM From: Jenna Respond to
Searching for the best investments/trades: You might remember my post on some new criteria on earnings plays for the coming season Message 4780046 . I've mentioned many times before that I look for companies that revised their earnings upwards in the last 30 days and have been lucky to find a special screen that scans for companies that have their earnings revised in the last 7 days. Individual Investor's lastest July issue that came this afternoon, I came across none other than the same criteria (except their's is for estimates revised in the last 3 months) listed in their "Screen of the Month". What is interesting is that their screens can easily be adapted to daytrading/short term trading, and earnings plays, as well as general investing. They speak of four 'screens': 'upward revision of earnings, they took the 16 best companies from 8,000 publicly traded stocks and came up with Fidelity National (on my watch list for yesterday) as the number one company with a 3-Month Estimate revision of 28.6%. I thought that was interesting.......analysts have the strongest contact with the companies managment, customers and suppliers and they have an inside track on the company. So when an analysts increases his estimates, it's a strong signal that business prospects are improving..... doubled earnings in their most recent quarter . (I usually use 50% increase, I feel that's enough for a nice pop in the stock price). Insider buying : They know that insiders know their company best so when an officer or director buys stock he has to report it to the SEC and we are privy to that information. You don't have to know what they know, but you can follow what they do.Beating the Street HOT Stocks: hot stocks screens are available on your real-time news data)
