New Stocks In Magic Formula Investing For 2/1/2015

 

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:

Entering the 50 over 50 million screen:

Accretive Health Inc (AH)
Brocade Communications Systems Inc (BRCD)
Microsoft Corp (MSFT)
Qualcomm Inc. (QCOM)
Raytheon Co. (RTN)

Dropping out of the 50 over 50 million screen:

Concurrent Computer Corp (CCUR)
Rex American Resources Corp (REX)
Teradata Corp (TDC)
USANA Health Sciences Inc (USNA)
Wayside Technology Group (WSTG)

Entering the 50 over 1 billion screen:

Apple Inc (AAPL)
Crane Co. (CR)
Philip Morris International Inc (PM)
Qualcomm Inc. (QCOM)
SanDisk Corp (SNDK)

Dropping out of the 50 over 1 billion screen:

Lexmark International Inc. (LXK)
Northrop Grumman Corp (NOC)
Penn National Gaming Inc (PENN)
Tessera Technologies Inc (TSRA)
Vector Group Ltd (VGR)

Entering the 30 over 3 billion screen:

Apple Inc (AAPL)
Crane Co. (CR)
Philip Morris International Inc (PM)
Qualcomm Inc. (QCOM)

Dropping out of the 30 over 3 billion screen:

Lorillard Inc (LO)
Myriad Genetics Inc (MYGN)
Northrop Grumman Corp (NOC)
Syntel Inc (SYNT)

Disclosure: Steve owns no stocks referenced here.

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