Stocks On My Screen For Week Starting November 23rd, 2020

Every week, our model comes up with 40 stocks, 20 positive and 20 negatives, to watch for next week’s trading. The model is based on a mix of fundamental and quantitative factors, built on my proprietary database of detailed earnings model on more than 1275 U.S. listed companies. The historical data for these earnings models is sourced from SEC filings. Performance of last week’s model portfolio for the week was, Net: 0.22% Longs: 6.0% Shorts:  -5.7% Assuming 5% is dedicated to each position, resulting in 0% net exposure and no…

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Apple Is The New IBM

Apple Inc. (Nasdaq: AAPL) has long been a darling of both growth and value investors alike, but maturing growth and valuation relative to the growth on offer suggest the stock is looking similar to International Business Machines Corp. (NYSE: IBM). Once dominant, both have products and solutions that seem ubiquitous to their fan base, but lost ground in fast=growing emerging technology trends.    The stock is still touted as a growth story by the Bulls and the argument is forgetten about weakness in iPhones today, the real long-term story is…

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As China Starts To Open Up, Universal Display Stock Should Benefit

Way back in February, Universal Display (Nasdaq: OLED) delivered what was possibly one of the earliest warnings for the upcoming slowdown in the technology sector due to Coronavirus. The stock hasn’t recovered much from those levels, even though the broader in general and technology, in particular, is trading close to the levels seen before the slowdown. We believe therein lies an opportunity. Just like on the way down, the company may lead on the way out of Coronavirus related funk. The company is well-positioned to monetize the comeback in smartphone…

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Apple Decision May Hit Intel, But SOX Looks Strong Enough

There are various reports coming out suggesting Apple Inc (Nasdaq: AAPL) will announce using it own ARM-based chips for next generation Macs at WWDC 2020, away from current Intel processors. The shift will be negative for Intel (Nasdaq: INTC) and given Intel has the 10th largest weightage in the Philadelphia Semiconductor Index (Nasdaq: SOX), a negative for index as well. Other major concern for semiconductor stocks has been potential collapse in the broader economy, rumored delays in the launch of next generation iPhone and possible retaliation from China after U.S.…

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