Stock screeners

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Hi there, I’m really new to investing and have mostly been putting my money on long-term growth stocks and some dividend stocks and have been making these decisions based on intrinsic value, company fundamentals, how well I think a company will do in the long-term, if it’s still going to be around or it’s just hype, etc. Nothing technical really but I’d like to get more technical.

Do you have quick tips on discovering a good stock using your or other stock screeners like simply wall st.? Any examples you could give or other resources online to learn?

Or what are some top 3-5 things when it comes to the numbers apart from earnings and profitability, we should look at in stocks? P/E, EPS, etc

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Asked on September 30, 2020 7:39 pm
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Me again - here is the link to the guide I was referring to: https://www.stocktrades.ca/company-analysis-part-1/

It is a five part series - so all you need to do is in the hyperlink replace the 1 with a 2, 3, 4, and 5 to get all five parts. Read them in order.

Let me know if you find that guide helpful.

Mat

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Posted by Mathieu Litalien
Answered on October 1, 2020 4:00 pm
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HI there,

Our screeners are excellent starting points. Personally, I use them all the time when I start my reasearch. It helps me identify stocks to consider for both my dividend growth portfolio and growth portfolio. As a reminder, each of our screeners serve seperate purposes.

The Dividend Screener ranks stocks based on dividend safety, yield and growth. This is a great starting point for DGIs as it checks off all the boxes investors may be looking for. THe higher the ranking, the better. Typically what I do, is once i've identified the particular dividend stock I am looking for, I'll then look at specfic columns, like DG streak to ensure it meets my criteria. I then go to our growth screener to see how it compares from a growth/valuation perspective.

Our growth screener ranks companies based on risk, valuation and growth. Once again, the higher the overall ranking the better. There is one stipulation however, when it comes to growth stocks, valuations can get a little crazy, so I may sort the data by growth first - find those with the highest expected growth rates and then look at valuation. Since most high-growth companies aren't profitable, ratios like P/E, F P/E, PEG aren't very helpful. I instead look at P/S, P/B and EV to EBITDA and then compare them to the industry averages. I'll also look at their debt profile and their ability to generate cash and self fund. Those companies that are profitable? PEG is my favourite - and is Peter Lynch's go-to metric.

We have an excellent guide that we created for growth stocks - I don't have the link handy - will ask Dan to post. It goes step by step through our thought process for investing in growth stocks. This will probably be very helpful for you and is quite detailed. Stay tuned.

Mat

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Posted by Mathieu Litalien
Answered on October 1, 2020 4:34 am