Screening an Overbought Stock Market

Here are the results of 11,000+ stocks screened for high-quality business models trading at value prices.

Photo by Andras Vas on Unsplash

Summary:

• The US stock market is overbought, making finding quality companies at reasonable prices difficult.

• The Quality Value Investing Screener has produced zero new candidates for further research in the past eight weeks.

• Only seven stocks passed the initial screening for current wealth, yet none met all the present value criteria.

---

Achieving alpha by investing in current wealth and present value

---

The US exchange-based stock market is overbought when seeking quality enterprises whose stocks are trading at reasonable prices.

I run a screener at my online broker that sifts 11,000+ publicly traded companies available on the NYSE and NASDAQ exchanges. Since initiating coverage of Swiss semiconductor producer STMicroelectronics ($STM) with a buy rating on March 26, there have been eight consecutive weeks where the Quality Value Investing Screener has produced zero candidates for further research not already covered by QVI.

Here is an updated table of the QVI Screener that has launched 46 ideas leading to 7,061 basis points [bps] of alpha (average per holding on an equal-weighted basis) in the QVI Stock Picks since 2009.

---