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AAII Stock Ideas First Cut Stocks

Stock Screen All-Stars Appear on Multiple Passing Companies Lists

A First Cut that lists stocks passing the greatest number of screens tracked by AAII at the Screening area of AAII.com.

by John Bajkowski | March 2024

Featured Tickers:

This month’s First Cut for stocks lists those that passed the greatest number of screens tracked by AAII at the Screening area of AAII.com. This process is accomplished by examining the results of every stock screen and identifying stocks passing more than one strategy.

As of February 9, 2024, 916 stocks passed at least one of the 55 screens tracked by AAII, but only 27 passed four or more screens. The 17 stocks with A+ Investor Momentum Grades of A or B made the First Cut this month.

The Grades in the table provide an indication of the fundamental qualities of the “all-star” stocks. While you cannot automatically consider a group of consensus stocks to be a diversified portfolio, they may present a good First Cut for finding investment candidates.

The First Cut table contains stocks with a wide range of investing factors. Super Micro Computer Inc. (SMCI) has a Value Grade of F; it passes momentum and growth approaches such as the O’Neil’s CAN SLIM screens, the Estimate Revisions Top 30 Up screen and the Buffettology EPS Growth screen. M/I Homes Inc. (MHO) also passes the Buffettology EPS Growth screen but earns a Value Grade of A for characteristics identified by value-focused approaches such as the Lakonishok and Cash Rich Firms screens.

Optimally, the group of screening approaches that a stock passes is diverse enough to capture unique, yet desirable qualities. 

Stock Screen All-Stars Passing Multiple Screens (Ranked by Number of Screens Passed and Momentum Grade)

For an updated list of stocks passing the most screens, go to www.aaii.com/stockideas/myscreens and select the Stock Passing Multiple Screens tab.

Discussion

BARRY J from TX posted over 2 years ago:

27 of 916 or 2.9% made 3 or more cuts and only 17 of these 27 “scholars” (63%) are “A-B (3.0 GPA) students.” 13% above the mean approximates a 1 sigma spread. The sample implies a long left tail (lots of bourgeoisie) and a smaller capitalist right tail. What does that say about the difficulty of picking stocks (even using a systematic repeatable process like AAII’s) and the need for diversification? Well, you will need $9,300 to buy just one share of all 17 scholars. If you drop BRK.A (or buy BRK.B shares @ $403), you still need $1,850 to $2,250 to create an “ALL Stars portfolio.” Or you can buy the Vanguard TSM ETF (VTI) for $253 or so with an ER of 0.03 per $10,000 and get 6/7 or 36/37 shares of VTI that give you exposure to all 17 and 27 “winners” and any other “C students” that fell out of the net. Yes, you should expect lower returns with hoi polloi ETFs, but you have the power of diversification working for you and you have achieved your capitalist dreams – exploiting the lower classes by earning a larger portion of the economic rents. Karl and the Squad told me to say that. I say, God Bless the USA.


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