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MagicDiligence (< 20)

Magic Formula Investing Weekly Roundup 10/24/2010

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October 24, 2010 – Comments (0) | RELATED TICKERS: DGX , DECK , GD

Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt in The Little Book that Beats the Market, consists of ranking stocks by earnings yield (cheap) and return on capital (quality), adding the rankings together, and buying from the resulting lists. Below are stocks that have moved into, and dropped out of, 3 of the MFI screens used by MagicDiligence:

Entering the 50 over 50 million screen:

CHKE - Cherokee Inc
CRME - Cardiome Pharma Corp

Dropping out of the 50 over 50 million screen:

FRX - Forest Laboratories Inc.
PETS - PetMed Express Inc

Entering the 50 over 1 billion screen:

CRI - Carter's Inc.
DECK - Deckers Outdoor Corp
FLR - Fluor Corp.

Dropping out of the 50 over 1 billion screen:

FRX - Forest Laboratories Inc.
GILD - Gilead Sciences Inc
RAI - Reynolds American Inc

Entering the 30 over 3 billion screen:

DGX - Quest Diagnostics Inc
FLR - Fluor Corp.
GD - General Dynamics Corp
SAI - SAIC Inc

Dropping out of the 30 over 3 billion screen:

FRX - Forest Laboratories Inc.
GILD - Gilead Sciences Inc
LLY - Eli Lilly and Co
RAI - Reynolds American Inc

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