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I assume there are many different ways but here are a few. First
ValueLine and Zacks both identify good companies but for instance in
ValueLines case (which I know better) their best stops are more based
on a combination of things including momentum then strictly on good
fundementals.
If you are willing to do a little of your own work I think there are a
few better sources. First, American Association of Individual
INvestors (AAII) sells for < 200/year a database program that gives
you all the fundental data you need or would like. It includes built
in screeners to find undervalued stocks, stocks with low price /book
values, etc.
Alternatively there are many ways to use MSN, Yahoo or Businessweek
screeners to look for good stocks that are currently undervalued.
THey all have prebuilt scans.
You can also look at investors.com and/or stocktables.com and/or
stockcipher to find stocks that have highly rated EPS ratings, putting
them in the top percentage of companies based on forumulas based on
their earnings.
Or, you can build your own. What I do is export that data from the
AAII database (with is REuters data) into an access database then use
the AmiBroker SQL link and then I have built my own filters to look
for certain things.
For instance, I have one screen where I look for young companies with
small but rapidly growing sales with increasing earnings (quarter over
quarter like the canslim method) along with a low float by using the
SQL link and then scan those for interesting stock patterns/charts.
There are dozens of other web sites out there if you look around for
this kind of stuff and/or search this forum for it.
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "foginthehills" <andrewdelin@xxx> wrote:
>
> Hi there,
>
> Does anyone know of any US-based services that give you a list
> of "stocks with good fundamentals" ?
>
> In Australia a good source of 'sound stocks' is StockDoctor.com.au
>
> I am looking for a US service which can give me 5-star ratings for US
> stocks (small, mid and large cap). I have heard of www.valueline.com
> and wondered if there are any others?
>
> I want to use this as a screening step before I then apply technical
> analysis ideas.
>
> Any suggestions?
>
> thanks -
>
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