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Tom Bowley of EarningsBeats (formerly of Stockcharts) runs several screens. One that I started to follow at the beginning of '20 is Strong Earnings. It's top revenue surprises, top earnings surprises, in top 10 relative strength industries or sectors (depending on your data source). He runs it/rebalances it quarterly in mid month of Feb, May, August, and November.Point of the post: I set up a facsimile in Fidelity's screener. It's a quasi-mechanical screen. Definition below. My version returned 81%, and could have been >90% if I hadn't sold a few names in whipsaw drops. Positive earnings surprises: High and Very High (at the moment that starts at >31.8%)Revenue growth (TTM) High and Very High (currently >20.77%) for sustainability I add medium to very high 3 year revenue growthSector/Industry "top 10" but I am soft on this criteria, will go down into mid-20s to get software stocks. I have to separately rank the industries by equal-weight rank in 1-3-6-12 month performance.Revenue TTM of Medium to Very High (my version of a crap / too small to deal with filter) - $209M+I then rank the stocks by earnings surprise, and by revenue growth, and average the ranks. Top 10 across "top 10-ish" industries are my targets.In the summer cycle this picked up several of the famous Saul SaaS stocks. In the fall, not so many; and obviously, this is not concentrated on one subsector.I'll run the February cycle next week, if there's interest in the candidate picks lemmeno.
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