ortfolio I decided to look for a good growth stock that had a positive momentum recently outperforming the market. I still am not sure I want to invest in a technology stock because of their volatility and risk. I used a similar screen to the O'Shaughnessy Growth screen. The screen was almost identical but with a couple of minor alterations. I decided to make the minimum market cap half a billion dollars and added the following restriction: P/E current / EPS growth next Yr. * 1. Most of the companies that came up were technology based and are currently going through difficult trends. But I did find a company that I liked a lot called AmeriCredit Corp. The company basically seeks to attract consumers who have credit limitations or past credit trouble and to shoppers buying late-model and new automobiles. Even though it does not sound so exciting, their numbers are outstanding. What especially caught my eye was the positive trend in EPS and the fact that the estimated price at the end of the year was higher than the current price. Multiplying the current P/E * estimated earnings = estimated future price. Another factor that finally convinced me to buy the stock was the fact that it had a Stockscouter rating of 9. I bought 170 shares of ACF at $60.87. 8/04/01The fourth transaction I made was based on the Righteous Rockets stock screen. I made a few modifications to the screen but basically left it the same; I changed the market cap to at least half a billion dollars instead of 50 million and I also added a new restriction (StockScouter Rating * 9). I only got one result off my screen and that was Downey Financial Corp. (DSL). After running it through the research wizard, the stock seemed to be wonderful. The estimated earnings were about 20% higher for FY 01 than the previous year and the price was estimated to be higher than it currently is. The only negative characteristic I found in the stock was when I analyzed its chart at StockCharts...
