Here are the weekly stocks the passed three or more of my five filters. I reviewed my stocks that had passed only two of the five, namely Value Line timeliness=1 and Zacks. If they had not been reviewed for passing the Price/Earnings/Growth ratio, then I added the latest P/E/G numbers. Thus, there are a handful of stocks that had consistently passed three filters, which are appearing below. They are only making their debut now because of my neglect instead of a fiscal problem.
|Symbol||Top Ranked||Zacks||PEG||SuppDem||VL||IBD Stock checkup|
NOV, NOK, and VIP have fallen off the core list. Replacing them are:
- FLIR (FLIR Systems, designs, manufactures, and markets thermal imaging and infrared camera systems.)
- GLW (Corning Incorporated provides specialty glass and ceramics products.)
- KWK (Quicksilver Resources acquires and develops natural gas and crude oil in North America.)
- RIMM (Research In Motion Limited designs and manufactures wireless solutions for BlackBerrys.)
|moving down this week|
|moving up this week|
|new this week|
More about the bailout of Bear Stearns. John Hussman has some fightin' words to descibe this recent fed action, which you can read about in full in his article entitled Why is Bear Stearns Trading at $6 instead of $2? Here are some excerpts:
- "Bear Stearns is trading at $6 instead of $2 because unelected bureaucrats went beyond their legal mandates, delivered a windfall to a single private company at public expense, entered agreements that violate the the public trust...
- "In effect, the Federal Reserve decided last week to overstep its legal boundaries – going beyond providing liquidity to the banking system and attempting to ensure the solvency of a non-bank entity.
- "The Fed did not act to save a bank, but to enrich one.
- "That's not sound monetary policy – it's a picnic for insiders, bought and paid for through the abuse of public funds by government officials too unprincipled even to recognize the abuse."