Subject: Re: twice the Nasda100 CAGR with simple criteria
Zacks backtester allows testing the S&P500 stocks with analyst "buy" recs. and they underperform the whole index in the test I ran from the end of 2008l
Interesting.
I ran a screen and got the same top 10 stocks as I got from finviz.
This Criteria:
S&P 500 - ETF
EQUAL YES
% Price Change (52 Weeks)
>= 20
Current Avg Broker Rec
<= 2
Then order by 52 week price change.
It seemed to me that YOY momentum was the prime factor, and recommendations of buy-or-better would just filter out some that might be a flash in the pan. Indeed after removing that, PLTR was picked and all the others stayed the same.
I didn't see the backtester. Maybe you have to have a subscription?