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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: electra who wrote (27933)	3/17/1999 12:52:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Prosearch is a powerful scanning software from Telescan. Using 127 indicators including fundamental analysis indicators you can 'order' just about any 'stock' you want. I suspect that Prosearch is what is used by such notables as Smart Money magazine, Individual Investor Magazine and perhaps even Individual Business Daily.. Of course this is just a guess but I have seen some terrific analyses even from Financial World with similar criteria that I use. The beauty of these scans is that you can optimize and backtest them. It took me 2 years to have a collection of scans for every market climate (bear market as well as bull market).. Lots of times I double test the scans from Telescan for 'confirmation' with the explorations from Metastock and the 'reports' from Technifilter. After doing this I take the top 20 scan results and run them once again through Metastock 6.5 for drawing trendlines, and checking support and resistance lines when applicable and and the top 10 get to be in the watch list. Something added to Telescan is E-Search this I use for some of my fundamental scans.. E-search is a reverse Zacks fundamental analysis. You can virtually 'call out' any fundamental 'profile' you want and the stocks fitting the profile will come out of the scan. You can ask for stocks that have had 4-5 earnings surprises, what % these earnings surprises were, how many analysts' have changed their consensus estmate on the stock, Has the consensus estimate changed in the last 7 days, 30 days 90 days.. Has the stocks' quarterly earnings estimate been upgraded in the last 7 days, 30 days etc. What are stocks prospects for the next quarter, next year even next 2 years.. That one takes a while because the possibilities of E-search are practically infinite. You can even use absolute numbers: Say you want a stock that is earning $0.36 cents a share.. you can actuall 'call' that out and it will come forth.. You can even order a stock that had $0.25 cents same quarter last year or even more ambitious ask for a stock that is earnings $0.12 cents and had a loss of $(0.06) last quarter or same quarter last year. Your searches are as unlimited as your imagination. Of course you don't get more than a handful of stocks with each search but that is usually enough. It is this last search (more intricate than this post suggests) that helps me to find stocks that are expected to have a reversal from a negative to a positive quarter, a criteria that usually makes for quite a good earnings play.