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Another Green Screen update, another round of stocks I'm not interested in to share. I like to keep our screen focused by "manually" rejecting some stocks that clearly don't have our key characteristics of: sustainable revenue growth, recurring revenue, a clear economic moat, strong management, and good financial health.

Just a handful of stocks to weed out today. Let's start with some of the oil and gas exploration and production (E&P) stocks that seem to jump in and out of the screen on a weekly basis. These companies are beholden to volatile and unpredictable commodity prices, not to mention similarly unpredictable regulatory and legislative action. I'm just not interested in the space. There are 3 new stocks here that we will cross out: Mach Natural Resources (MNR), Obsidian Energy (OBE), and BKV (BKV). Not to say any of these are "bad" companies, they just operate in an industry I don't want to invest in.

Similarly, we will cross out IES Holdings (IESC), an engineering & construction (E&C) stock. This is another industry in general that doesn't interest me, as revenues are usually project-based, non-recurring, and competitive. There are some exceptions - for example, I'm leaving Wildan Group (WLDN), as most of their revenue is from long-term consulting contracts which are recurring.

Two other stocks get the "boot" based on company-specific concerns. Corsair Gaming (CRSR) makes gear for gamers, including keyboards, mice, headsets, computer cases, etc. It's a popular brand, but we are still talking about a product-based, non-recurring revenue model with unclear long-term growth prospects and plenty of competition. It's a pass for me.

Finally, we come to Microvast Holdings (MVST). Microvast makes lithium ion batteries primarily for the EV market, with some storage exposure as well. I still believe the EV market, long-term, is a growth play, as is energy storage. Microvast could do quite well, but again, this is not a recurring revenue model, there are tons of competition (particularly foreign), and the battery space is one that could easily be upended by technology shifts. Given that, I'm going to pass on it.

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