10 Small Cap Earnings Surprise Stocks
Scott's Investments submits:Below is a list of 10 small cap value earnings surprise stocks for the next 30 days. Last month's portfolio can be seen here. Last month the screen produced poor results, -7.73% versus -2.28% for VBR, a small cap value ETF. However,as of 7/15/10, the Russell 2000 was trading just below the 200 day moving average, so if you used the long term market trend to determine whether to use the screen, you would not have considered it last month. This month the Russell 2000 remains below its 200 day moving average, so the same holds true for this month's screen. Returns exclude pidends, slippage, and commission. My screen looks for a low PEG, recent earnings surprises, a minimum volume requirement, and small market capitalization. I exclude OTC stocks and I further narrow the list based on additional fundamental factors to 10 stocks or less. The list, as always, is not a specific portfolio but a recommendation for further research. Since this is a purely mechanical screen, I play no discretion in the results (other than establishing the original screen criteria). A couple of months ago I added a 200 day simple moving average requirement - stocks must be trading above their 200 day moving average in order to make the list. I use stockscreen123 as the screener.Complete Story »
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