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MagicDiligence (< 20)

Magic Formula Investing Weekly Roundup 10/13/2013

Recs

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October 13, 2013 – Comments (1) | RELATED TICKERS: HLF , PETS , FLR

Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt inThe 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:

Herbalife Ltd (HLF)
PetMed Express Inc (PETS)

Dropping out of the 50 over 50 million screen:

Hewlett-Packard Co (HPQ)
Altria Group Inc (MO)

Entering the 50 over 1 billion screen:

Fluor Corp. (FLR)
General Dynamics Corp (GD)

Dropping out of the 50 over 1 billion screen:

Abbott Laboratories (ABT)
Reynolds American Inc (RAI)

Entering the 30 over 3 billion screen:

Fluor Corp. (FLR)
General Dynamics Corp (GD)

Dropping out of the 30 over 3 billion screen:

Reynolds American Inc (RAI)
Exelis Inc (XLS)

 

1 Comments – Post Your Own

#1) On October 14, 2013 at 11:09 PM, OklaBoston (69.41) wrote:

I've added this post to my "Following" list.

 I'm more into stocks directors are making open market buys on than most formulas, and the steady uptrend in my score the last few months seems to indicate that's a good approach. But I will at least look atthe things that show up here. 

I went seriously negative, scorewise,  when I became overly into earnings surprises. I'essentially ignoring those now.

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