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Checklist for Picking Winning Stocks - Screen of the Week

Posted
10/16/2012 1:00:00 AM
By: Zacks.com
Referenced Stocks:CAG;CLW;FAF;FMFC;JRN

I'm regularly asked how I go about picking winning stocks, especially now with the market's recent pullback.

The short answer is: I simply focus on what works.

Since there are over 10,000 stocks out there, you need a way to find the good ones.

And by focusing on what works vs. guesswork (or worse), you'll not only be able to pick winning stocks, but you'll be able to do so consistently. And that's really the key to success; having a repeatable way to find profitable stocks, again and again and again.

I run a lot of individual strategies. But I will often go thru a checklist on all of my candidates before I get in.

Checklist

I'll also look at the charts:

By sticking with this basic set of proven criteria, I know I have a high probability of success in picking winning stocks. And if it doesn't work out, I don't have to panic and wonder if my system works or scurry to change these up. That's the kiss of death.

Picking winning stocks consistently comes down to a set of rules. And these are my basic building blocks. I look at plenty of others as well. But this is my basic checklist.

And here are five stocks that passed the checklist this week:

CLW - Clearwater Paper Corp.
CAG - ConAgra Foods, Inc.
FMFC - First M&F Corp.
FAF - First American Financial corp.
JRN - Journal Communications Inc.

If you consistently do what works over and over again, you too will find yourself picking winning stocks, beating the market and accomplishing your trading goals.

To apply this checklist to your own stock picking, sign up for your 2 week FREE trial to the Research Wizard today. Remember the key to successful screening is in discovering those screens that have produced profitable results in the past. And that's exactly what you get with the powerful Screening and Backtesting ability of Research Wizard. You can do it. Learn how today.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance .


 
CONAGRA FOODS (CAG): Free Stock Analysis Report
 
CLEARWATER PAPR (CLW): Free Stock Analysis Report
 
FIRST AMER FINL (FAF): Free Stock Analysis Report
 
FIRST M & F CRP (FMFC): Free Stock Analysis Report
 
JOURNAL COMM-A (JRN): Free Stock Analysis Report
 
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