Pick the right stock
This is an update to a previous post: Pick a Stock
I purchased this Monday’s Investor’s Business Daily (IBD) to get its latest IBD100 list for $2.Â I probably cannot legally list the 100 stocks here, but here is its description of IBD 100:
Quoting from Investor’s Business Daily October 15, 2007 issue:
“About The Investor’s Business Daily 100
The IBD 100, which runs each Monday, is a computer-generated ranking of leading companies trading in the U.S. Rankings are based on a combination of each company’s profit growth; IBD’s Composite Rating, which includes key measures such as return on equity, sales growth and profit margins; and relative price strength.Â Stocks with a highlighted border typically have strong fundamentals and sound base patterns and may merit further review.Â A company’s inclusion in the list or among the highlighted charts should not be viewed as a recommendation.Â Many are newer, smaller and highly volatile companies that require further research due to their speculative nature.Â [Black Arrow] denotes a company that came public within the past 8 years.Â Supply/Demand Rating compares a stock’s float with its trading volume, from 1 to 99.Â Stocks with the most demand vs. supply are rated 99.”
Note: CMG is still on the list as #13 and AFSI is also still on the list but dropped in ranking as #95.
Also, on the Pick a Stock post, I mentioned that IBD cost $1.25.Â Apparently, the Monday issue cost more: $2.Â Also, when my nearest bookstore (Borders) didn’t carry IBD, I had to drive a little further to Barnes and Noble to get the IBD.