What's New In Magic Formula Investing 3/8/2015
Being the tail end of earnings season, there was some meaningful turnover in the Magic Formula Investing screens over the past week.
Best Buy (BBY) was a surprising new entry last week, reporting a strong holiday season. I'm not sure how truly cheap the stock is near a 52-week high, but quantiatively the numbers look good.
Two recognizable companies posting big recent growth remain in the screens - Gilead (GILD) and Apple (AAPL). Can these two firms continue their recent success? If so, the stocks are undeniably cheap.
Here are the lists of changes:
Entering the 50 over 50 million screen:
Dropping out of the 50 over 50 million screen:
Entering the 50 over 1 billion screen:
Dropping out of the 50 over 1 billion screen:
Entering the 30 over 3 billion screen:
Dropping out of the 30 over 3 billion screen:
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