Zacks.com featured expert Kevin Matras highlights: Amazon.com Inc., Cogent
Communications Group Inc., Concur Technologies, Inc., ViaSat Inc. and Range
CHICAGO, Oct. 25, 2012
CHICAGO, Oct. 25, 2012 /PRNewswire/ -- Stocks in this week's article include:
Amazon.com Inc. (NASDAQ: AMZN), Cogent Communications Group Inc. (NASDAQ:
CCOI), Concur Technologies, Inc. (NASDAQ: CNQR), ViaSat Inc. (NASDAQ: VSAT)
and Range Resources Corp. (NYSE: RRC). Kevin Matras pulls out his Toxic Stocks
bearish screen that gained over 120% in the bear market of 2008, and shows how
to use it this year.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
It's been a while since I highlighted a bearish stock picking screen.
Typically, I'll only follow a bearish strategy once the market officially
enters into bear territory, which is defined as the market being -20%.
However, there's nothing wrong with using a bearish strategy to put toxic
stocks on your radar screen to alert you to get out (if you happen to own one
of them) or to consider shorting if you don't.
The main theme of this screen is to find overvalued companies.
Usually the best opportunities for short-selling are the ones that are
overvalued on valuations, underperforming on growth and are receiving downward
earnings estimate revisions.
So how did it do?
In 2008, this strategy, using a 4-week rebalancing period, produced an average
compounded return of over 120% while the market plummeted nearly -40%.
In fact, even if you didn't start trading this strategy until the official
beginning of the bear market, which began in July of 2008, the strategy still
produced an average annual return of over 70%.
And it's not too late to consider this one now.
For the rest of this Screen of the Week article please visit Zacks.com at:
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immediately. And with the backtesting feature, you can test your ideas to see
how you can improve your trading in both up markets and down markets. Don't
wait for the market to get better before you decide to do better. Start
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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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the
distinction as the "#1 site for screening stocks" by Money Magazine. But
powerful screening tools is just the start. That is why Zacks created the
Screen of the Week to highlight profitable stock picking strategies that
investors can actively use. Each week, Zacks Profit from the Pros free email
newsletter shares a new screening strategy. Learn more about it here
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