Practical trading tools and techniques developed by Zacks Investment Research While there are many stock trading systems on the market today, that use a variety of different approaches and indicators, the approach used by Zacks Investment Research is built around the number one driver of stock company earnings. Based on Zacks Research Wizard product, this book provides you with market beating stock selection techniques and advice on how to build your own stock selection system. This practical guide discloses several trading methods that have outperformed the market for a long period of time and shows you how to screen stocks and develop selection criteria to build various types of stock portfolios, such as aggressive growth; growth and income; momentum; and value. Written with the serious investor in mind, Finding #1 Stocks will put you in a better position to excel in today's dynamic markets.
Pretty much all strategies rely on the proprietary Zacks indicator, so you can't really replicate the strategies by yourself. And even if you could, many of the strategies look like the result of extreme data mining rather than actual insights.
If you want stock screening ideas, you’ll love this book. Kevin includes a large number of screens that are designed to find momentum stocks, growth stocks, value stocks, and dividend stocks. Whatever your preference is, chances are there is a screening idea for you in this book.
Kevin Matras is a screening expert, who backtests every strategy he writes to make sure it works. Rather than just look for random anomalies, he stops to consider whether the criteria make sense. I know this to be fact because I worked with Kevin for several years.
Many of the strategies are based on the Zacks Rank. While the screens are optimized for Zacks’ Research Wizard stock screening program, they can be adopted to other stock screening programs, such as AAII’s Stock Investor Pro. The key is to look for rising earnings estimates and positive earnings surprises. You won’t get the exactly the same results, but you’ll still be able to capture the spirit for many of the screens in this book.