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Portfolio Editor

In Stock Investor, you can create your own portfolios—unique groups of stocks you find interesting, the stocks in a market index, or the results of a stock screen. Portfolios allow you to examine a list of stocks from update to update without having to sift through Stock Investor’s entire database.

Additional benefits of using Portfolios include:

  • View several companies in a singular list;
  • Create statistical summary reports that show the characteristics of a portfolio;
  • Export data on a groups of stocks for further analysis or use in another program; and
  • Perform additonal screens against a specific group of stocks.

It is important to note, however, that Stock Investor does not provide portfolio-tracking capabilities. In our discussion here, a portfolio is simply a collection of companies that you specify.

Creating a Portfolio

There are three ways to access the Portfolio Editor: click on the Portfolio Editor button on the toolbar, select Portfolio Editor from the Tools menu (Tools - Portfolio Editor), or simultaneously press the Alt and P keys on the keyboard (Alt + P).

Following any of these methods will open the Screen Editor window:

Portfolio_Editor_I.gif

Now you can create new portfolios or edit existing portfolios. You can browse the database for companies you want in a portfolio by either company name or by ticker symbol. However, to avoid potential complications created by abbreviations, it is best to select companies by ticker symbol.

Finding Companies By Ticker

To browse by ticker, make sure the By Ticker option is selected on the Portfolio Editor and start typing the ticker. Note that you will not see a blinking cursor in the Find box, so just start typing.

The company name and ticker will appear in the scroll box above where you are typing:

Portfolio_Editor_II.gif

Finding Companies By Name

If you do not know the company’s ticker, select By Name and begin typing the company’s name. Note that you will not see a blinking cursor in the Find box, so just start typing.

The company name and ticker will appear in the scroll box above where you are typing:

Portfolio_Editor_III.gif

Adding Companies to Portfolio

After typing in a company name or ticker, and when the company you wish to add to your portfolio is highlighted in blue, you add it to the portfolio by double-clicking on the company within the scroll box or by clicking the Add button. Doing so will add the company to the list on the right side of the Portfolio Editor window:

Portfolio_Editor_IV.gif

Saving a Portfolio

When you are finished adding companies to the portfolio, click on the Save button and the program will prompt you to name the portfolio:

Portfolio_Editor_V.gif

Type in the name you wish to use for the portfolio (and a description if you want) and click on the Ok button in the Save Portfolio window.

When you are finished creating portfolios, click the Close at the bottom of the Portfolio Editor window.

Loading a Portfolio

Once you have created a portfolio, you can load it by selecting it from the Portfolio pull-down menu of the Stock Investor toolbar:

load_portfolio.gif

In this example, we have selected out Oil Stocks portfolio created earlier. When you select a portfolio from the toolbar pull-down menu, the companies in the portfolio are automatically loaded into the Stock Notebook. As you can see, the Stock Notebook now only contains the five companeis in the Oil Stocks portfolio.

You can now export selected data for the companies in the portfolio and print reports for them as well.

Importing a Portfolio

Stock Investor allows you to import a list of ticker symbols into the Portfolio Editor to save you from having to manually selecting and adding them.

In order to import a portfolio, you need to have a text (.txt) file containing valid ticker symbols to import. Many portfolio management programs or on-line portfolio trackers allow you to export a list of your holdings. However, you need to make sure the file has the proper format. Stock Investor will only accept a list of tickers. Additional information or characters—tabs, commas, and quotation marks—cannot be imported by the Portfolio Editor.

As an example, we will use this text file:

Before you can imp

To begin the importing process, open the Portfolio Editor and click on the Import button in the Portfolio Editor window. This will open a window where you can locate and specify the location of the text file you wish to import:

Import_Portfolio_I.gif

Once you have selected the file, click on the Import button in the Open window. If the import process is successful, a window will appear telling you how many tickers were added to the portfolio, how many of the tickers in the import file were already in the portfolio, and how many could not be identified and, consequently, were not imported:

If any of the tickers could not be identified, an Unidentified Tickers window will appear, displaying how the tickers are formatted:

In this example, quotation marks and an invalid ticker symbol were the culprits. After importing the ticker symbols into a portfolio, you can save it just as you would if you had manually selected the symbols.

Saving Screening Results as Portfolios

One final way to create a portfolio is to save the results of a stock screen as a portfolio. Stock Investor comes with over 50 predefined stock screens and also allows you to create your own. Once you have applied a particular screen—either by selecting a screen from the Screen pull-down menu on the Stock Investor toolbar at the top of the program window or by applying a screen from within the Screen Editor—you can save the companies passing the screen as a portfolio.

To do this, click on the File menu at the top of the Stock Investor Program window and then select Save Notebook as Portfolio (File - Save Notebook as Portfolio). The program will then prompt you to name the portfolio and, if you wish, provide a description of the portfolio. When you are finished, select OK and Stock Investor will save the portfolio. Like all other portfolios in Stock Investor, those created in this fashion are also accessible from the View pull-down menu and can be edited from within the View Editor.

Editing an Existing Portfolio

Once you have created and saved a portfolio, you can also edit them by adding or deleting companies. In order to edit the Oil Stocks portfolio we created earlier, we must first re-open the Portfolio Editor using any of the methods outlined earlier.

One the Portfolio Editor window opens, you load the portfolio you want to editor by selecting it from the pull-down menu at the top of the Portfolio Editor window:

Portfolio_Editor_VI.gif

Once a Portolio is loaded, its name will appear in the Name area and the companies in the portfolio will appear on the right side of the Portfolio Editor window.

If we want to remove Halliburton from this Oil Stocks portfolio, click on the gray square found to the left of Halliburton in the text box on the right-hand side of the Portfolio Editor:

Portfolio_Editor_VII.gif

This will select Halliburton Company. To remove the selected company from the portfolio, click on the Delete button in the lower left-hand corner of the Portfolio Editor window. You can also select multiple companies to delete by clickin on the gray squares to the left of all the companies you want to delete and then clicking on the Delete button.

If you want to save the edited portfolio, you have two options. If yo uwant to use the same name, simply click on the Save button at the bottom of the Portfolio Editor window.

However, if you wish to retain the contents of the original portfolio and save the edited portfolio under a different name, click Save As. You will then be prompted to name and, if you want, describe the edited portfolio. When you are finished, click the Ok button, at which point the program saves the new portfolio and the original portfolio is kept intact.

Deleting a Portfolio

If you want to delete a portfolio you created, you cannot do this from within the Portfolio Editor.

Applying Screens to Screens

Occasionally, a subscriber will ask us how to run a screen against another screen in Stock Investor. One way to do this is by using a portfolio. Begin by running the first screen: either select it from the Screen pull-down menu at the top of the Stock Investor Program window, or apply the screen within the Screen Editor. You can then save the companies that pass the screen as a portfolio, following the steps we just outlined. Next, load that portfolio into the Stock Notebook by selecting it from the Portfolio pull-down menu at the top of the Stock Investor window. Finally, load the second screen by either selecting it from the Screen pull-down menu at the top of the Stock Investor Program window or by applying the screen within the Screen Editor. (In this same fashion, you can run screens against custom portfolios as well.)

As an example, we would like to see which stocks pass both the *IBD Stable 70 screen and the *EPS Est Revisions Up screen. To begin, we select the *IBD Stable 70 screen from the Screen pull-down menu (Figure 7). After the screen runs, there are 51 companies in the Stock Notebook (as of October 22, 2004). We then click on the File menu and select Save Notebook as Portfolio (Figure 8). When prompted, we save this portfolio as IBD 2004-10-22 and click Ok in the Save Notebook as Portfolio window.

We then load the IBD portfolio we saved into the Stock Notebook by selecting it from the Portfolio pull-down menu. Lastly, we select the *EPS Est Revisions Up screen from the Screen pull-down menu. When the screen is completed, three of the 51 companies that were in the IBD 2004-10-22 portfolio also passed the earnings revision screen—CAI International, Inc., Johnson & Johnson, and ScanSource, Inc. (Figure 9).