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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Affymetrix, Inc. | NASDAQ:AFFX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.01 | 0 | 01:00:00 |
The idea is to find companies that have not shown a profit for at least the previous 4 quarters, but have just recently produced their first profit this last quarter.
I run this screen after every earnings season. And here we are again.
Some of these companies will be relatively new, and this recent profit may be the only profit in the company's history so far.
Other companies may have a long history of profitability, but for whatever reason haven't seen a profit in a while -- but has finally returned to profitability.
I like this concept because, if the trend has been one of improvement, there's a good chance the trend will continue. This is true whether you've been profitable or are just getting profitable.
But some people (like myself for example) dislike buying companies that cannot show a profit. And there are many others who won't even consider a stock unless it's making money.
Losing less than the previous quarter is indeed an improvement. And in that respect, by definition, it is growth, i.e., they're growing less unprofitable. And it's even better if the losses are less and less in each sequential quarter.
But there's something entirely different about growth AND being profitable. And those are the stocks that will likely see the best new demand from new investors; people who are now, all of a sudden, willing to take notice of, and pay attention to, the stock.
And that's what we're screening for today:
BTW - for those who have the Research Wizard and want to build this on their own – here's what the screen looks like. You don't have to use the calculation expression feature either. It can all be done from the main page. (See below.)
The screen is pretty simple yet pretty powerful.
Here are 5 stocks that made it thru this week's screen:
AFFX Affymetrix Inc.
DEPO DepoMed Inc.
JKS JinkoSolar Holding Co., Ltd.
MPAA Motorcar Parts of America Inc.
PDCE PDC Energy, Inc.
Get the rest of the stocks on this list and start looking for the newest companies that fit this criteria. It's easy to do. And it could help you find your next 'best' stock. Start screening for these companies today with a free trial to the Research Wizard. You can do it.
Click here for your 2 week free trial to the Research Wizard.
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.
AFFYMETRIX INC (AFFX): Free Stock Analysis Report
DEPOMED INC (DEPO): Get Free Report
JINKOSOLAR HLDG (JKS): Free Stock Analysis Report
MOTORCAR PARTS (MPAA): Free Stock Analysis Report
PDC ENERGY INC (PDCE): Free Stock Analysis Report
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