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What New Stocks Does The Magic Formula Have This Week?

Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt in The Little Book that Beats the Market, consists of ranking stocks by earnings yield (cheap) and return on capital (quality), adding the rankings together, and buying from the resulting lists. Below are stocks that have moved into, and dropped out of, 3 of the MFI screens used by MagicDiligence.

Most of these are ones we've seen before. A couple new ones of note. Ubiquiti Networks (UBNT) is a fast-growing network equipment provider that offers the prospect of a growth-at-a-reasonable-price investment. Fluor (FLR) we wrote about earlier this week. And Wi-Lan (WILN) is a new entry worth taking a closer look at.

Entering the 50 over 50 million screen:

Enzon Pharmaceuticals Inc (ENZN)
Fluor Corp. (FLR)
PDF Solutions Inc (PDFS)
Ubiquiti Networks Inc (UBNT)
Wi-LAN Inc (WILN)
Wayside Technology Group (WSTG)

Dropping out of the 50 over 50 million screen:

Corus Entertainment Inc (CJREF)
Block (H&R) Inc. (HRB)
Pitney Bowes Inc. (PBI)
Petroamerica Oil Corp (PTAXF)
Teradata Corp (TDC)
Tessera Technologies Inc (TSRA)

Entering the 50 over 1 billion screen:

Kraft Foods Group Inc (KRFT)
Steven Madden Ltd (SHOO)
Tupperware Brands Corp (TUP)

Dropping out of the 50 over 1 billion screen:

Gilead Sciences Inc (GILD)
Microsoft Corp (MSFT)
Science Applications International Corp (SAIC)

Entering the 30 over 3 billion screen:

Take-Two Interactive Software Inc (TTWO)
Tupperware Brands Corp (TUP)

Dropping out of the 30 over 3 billion screen:

Microsoft Corp (MSFT)
Starz (STRZA)

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