Subject: Re: A new Idea
"Summary:
It appears that in a good year selecting the best 300 stocks by ROE
and taking the best 100 of these by 5-year-revenue-growth in equal
weight and holding for a year slightly beats the SP&500 index fund and
the Russell 1000 index fund".
"Puts together several good factors:
* A highly ranked set of companies (the top 1000 companies by market capitalization in the United States)
* Valueline Timeliness rating
* High return-on-equity (ROE)
* High 5-year revenue growth
* Infequent trading
* Equal weighted, not cap-weighted"
This is propably about as close to that strategy as I can create with Fidelity's screener.
I actually invested in something similar for a couple months with 15 stock picks.
ROE_RevGr5_GMI-Quality
Security Type
Common Stock Selected
7924
Company Headquarters Location
North America selected
5880
Market Capitalization
Mega, Large, Mid & Small Selected
$2.03B and Above
1402
S&P Global Market Intelligence Quality
Exc. 0-20 Selected
21-100
1281
Return on Equity (TTM)
Very High & High Selected
18.34% and Above
477
Revenue Growth (5 Yrs)
Very High & High Selected
13.91% and Above
147
GD_