All-Star Stocks That Pass the Most Screens
by John Bajkowski
Is a stock that passes more than one complete screening approach more attractive than another that just passes one screening approach? Possibly, if the collection of screening approaches are based upon solid financial principles and diverse enough to capture unique, yet desirable qualities. The January AAII Journal provides a performance recap of the 50-plus screening strategies tracked by AAII for over 10 years. While it has been a tough year for the market and the majority of the strategies, many approaches continue to provide strong long-term performance and present a good starting point for building a stock portfolio.
This issue’s First Cut lists the stocks that passed the greatest number of screens as of December 12, 2008. Note the some screens—such as the growth-oriented O’Neil CAN SLIM and the deep value Piotroski approaches—did not have any companies that passed at the time of screening and did not participate in the analysis. Over 1,100 stocks out of the 8,800 stock universe of Stock Investor Pro passed at least one screen; however, only 20 stocks passed at least five screens, and they are the stocks that made the First Cut this month.
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The stocks are first ranked by the number of screens they passed and then by their price-earnings ratio. The price-earnings ratio (share price divided by trailing earnings per share) is a basic valuation measure. The annual earnings growth rate provides some feel for the historical performance of the companies. The market cap (number of shares outstanding times the share price) services as an indication of company size. Short- and intermediate-term stock price performance are highlighted by the relative price strength rank over the last 13 and 52 weeks.
| Company (Exchange: Ticker) |
No. of Screens Passed |
Screens Passed |
P/E Ratio (X) |
EPS Growth Rate (5 Yr) (%) |
Market Cap ($ Mil) |
Relative Strength % Rank |
Share Price (12/12) ($) |
||
|
13-Wk (%) |
52-Wk (%) |
||||||||
| Industry | |||||||||
| Western Digital Corp. (N: WDC) | 7 | Buffett (EPS, SG), Fisher, Free Cash Flow, P/Sales, ROE, Rule#1 | 2.8 | 34.0 | 2,774 | 36 | 45 | 12.52 | Technology |
| Garmin Ltd. (M: GRMN) | 7 | Buffett (EPS, Hag, SG), Lynch, Muhlenkamp, ROE, Rule#1 | 4.8 | 42.6 | 3,968 | 43 | 16 | 19.59 | Technology |
| Stryker Corporation (N: SYK) | 7 | Buffett (EPS, SG), Div, Inve$tWare, ROE, Rule#1, Weiss | 14.5 | 22.8 | 16,149 | 51 | 57 | 40.00 | Health Care |
| Hansen Natural Corp. (M: HANS) | 7 | Buffett (EPS, Hag, SG), IBD, Inve$tWare, Templeton, Value on Move (Est) | 16.3 | 106.7 | 2,706 | 98 | 67 | 29.27 | Consumer Non-Cyclical |
| PetMed Express, Inc. (M: PETS) | 7 | Buffett (EPS, SG), IBD, Value on Move (Est, Hist), ROE, Templeton | 16.9 | 38.7 | 362 | 90 | 97 | 15.39 | Services |
| C.H. Robinson Worldwide (M: CHRW) | 7 | Buffett (EPS, SG), Div, IBD, O'Shaughnessy (GML), Templeton, Value on Move (Hist) | 24.0 | 29.0 | 8,318 | 85 | 89 | 49.16 | Transportation |
| Lufkin Industries, Inc. (M: LUFK) | 6 | Buffett (EPS, SG), Graham (DI), Rule#1, Templeton, Weiss | 6.2 | 50.8 | 506 | 26 | 68 | 34.07 | Capital Goods |
| Teledyne Technologies Inc. (N: TDY) | 6 | IBD, Value on Move (Est, Hist), ROE, Templeton, Wanger | 12.1 | 28.7 | 1,405 | 56 | 76 | 39.18 | Services |
| Endo Pharmaceuticals (M: ENDP) | 6 | Est Rev, Lakonishok, Value on Move (Est, Hist), P/Sales, ROE | 12.7 | 41.3 | 3,160 | 97 | 86 | 23.54 | Health Care |
| Almost Family, Inc. (M: AFAM) | 6 | Buffett (EPS, SG), Foolish 8, Value on Move (Est, Hist), Wanger | 24.0 | 41.1 | 367 | 97 | 99 | 45.10 | Health Care |
| Chevron Corporation (N: CVX) | 5 | Buffett (Hag), Div, O'Shaughnessy (GML), Templeton, Value on Move (Est) | 6.8 | 76.0 | 160,512 | 88 | 86 | 79.00 | Energy |
| American Oriental Bioeng (N: AOB) | 5 | Fisher, Muhlenkamp, P/Sales, ROE, Rule#1 | 8.5 | 40.9 | 473 | 83 | 56 | 6.04 | Health Care |
| Infosys Technologies Ltd (M: INFY) | 5 | Buffett (EPS, SG), Inve$tWare, Lynch, Templeton | 11.1 | 40.6 | 13,866 | 56 | 61 | 24.22 | Technology |
| Continucare Corporation (A: CNU) | 5 | Fisher, Lynch, Value on Move (Est, Hist), Rule#1 | 11.6 | 32.0 | 124 | 82 | 86 | 1.98 | Health Care |
| MICROS Systems, Inc. (M: MCRS) | 5 | IBD, Inve$tWare, ROE, Templeton, Wanger | 12.7 | 31.3 | 1,286 | 41 | 47 | 16.00 | Technology |
| FactSet Research Sys (N: FDS) | 5 | Div, IBD, Inve$tWare, Muhlenkamp, Weiss | 14.8 | 20.6 | 1,742 | 54 | 60 | 36.78 | Technology |
| Fastenal Company (M: FAST) | 5 | Div, IBD, Inve$tWare, Templeton, Weiss | 17.4 | 25.9 | 4,738 | 47 | 78 | 31.90 | Basic Materials |
| Immucor, Inc. (M: BLUD) | 5 | Buffett (EPS, Hag, SG), Rule#1, Templeton | 22.1 | 36.6 | 1,621 | 66 | 77 | 23.00 | Health Care |
| Quality Systems, Inc. (M: QSII) | 5 | Foolish 8, Inve$tWare, Value on Move (Hist), ROE, Templeton | 23.1 | 38.8 | 1,034 | 84 | 97 | 36.52 | Technology |
| Expeditors Int'l of Washington (M: EXPD) | 5 | Buffett (Hag), Div, ROE, Templeton, Weiss | 23.9 | 18.4 | 6,745 | 86 | 73 | 31.81 | Transportation |
| Exchange Key: A=American Stock Exchange; M=NASDAQ; N=New York Stock Exchange. | |||||||||
| Source: AAII's Stock Investor Pro, Thomson Reuters, and I/B/E/S. Data as of 12/12/2008. | |||||||||
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