Magic Formula Investing Weekly Roundup 11/6/2010
November 06, 2010
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RELATED TICKERS: GD
, LLY
, RAI
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:
ANSW - Answers Corp
CBST - Cubist Pharmaceuticals Inc IDCC - InterDigital Inc JCG - J Crew Group Inc LHCG - LHC Group Inc LOV - Sparks Networks Inc ZSTN - ZST Digital Networks Inc
Dropping out of the 50 over 50 million screen:
CHKE - Cherokee Inc CNU - Continucare Corp COCO - Corinthian Colleges Inc. IMMU - Immunomedics Inc MRX - Medicis Pharmaceutical Corp UNTD - United Online Inc ZLCS - Zalicus Inc
Entering the 50 over 1 billion screen:
ABC - AmerisourceBergen Corp
CBST - Cubist Pharmaceuticals Inc HRS - Harris Corp
IDCC - InterDigital Inc MHP - McGraw-Hill Companies Inc. (The) RAI - Reynolds American Inc TSRA - Tessera Technologies Inc UIS - Unisys Corp Dropping out of the 50 over 1 billion screen:
CBI - Chicago Bridge & Iron Co. NV CUB - Cubic Corp DELL - Dell Inc FLR - Fluor Corp. FWLT - Foster Wheeler AG MD - Mednax Inc MRX - Medicis Pharmaceutical Corp SAI - SAIC Inc
Entering the 30 over 3 billion screen:
GCI - Gannett Co Inc. GD - General Dynamics Corp HRS - Harris Corp
LLY - Eli Lilly and Co LXK - Lexmark International Inc.
MHP - McGraw-Hill Companies Inc. (The) RAI - Reynolds American Inc Dropping out of the 30 over 3 billion screen:
CA - CA Inc
DGX - Quest Diagnostics Inc
FLR - Fluor Corp.
HPQ - Hewlett-Packard Co
NOC - Northrop Grumman Corp
TJX - TJX Companies Inc (The)
TXN - Texas Instruments Inc
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