Stocks On My Screen For Week Starting August 3rd, 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 our proprietary database of detailed earnings model on more than 1225 U.S. listed companies. The historical data for these earnings models is sourced from SEC filings. Performance of last week’s model portfolio was, Net: 0.87% Longs: 2.53% Shorts: -1.66% Assuming 5% is dedicated to each position, resulting in 0% net exposure and no change in position…

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Applied Optoelectronics: Good Post Lockdown Tech Spending Play

Applied Optoelectronics Inc. (NASDAQ: AAOI), included in our weekly list of top stocks,looks well-positioned to benefit from an expected increase in spending on technology infrastructure. The company’s product portfolio has several products that are at a cusp of multi-year replacement or upgrade cycle. We at Purnha have started to look for stocks that may lead the markets as economies start to open up after the lockdown, a theme that was covered in our previous notes on Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (Nasdaq: LYFT), and Applied Optoelectronics seems…

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Ooma Is Also Benefiting, Like Zoom And RingCentral

Lockdown has changed the way businesses communicate and Zoom Video Communications Inc. (NYSE: ZM) stock has been one of the biggest beneficiaries of the trend, but there are other quality names that have largely been ignored by the market so far. Ooma Inc. (Nasdaq: OOMA) is also benefiting from lockdown related changes at work and the business seems to have reached a critical mass to support higher sales and margin growth rates, given how the company managed to achieve strong growth during the most recent quarter, even though in-person sales…

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Stocks On My Screen For Week Starting June 15th 2020

Every week, my model comes up with 40 stocks, 20 positive and 20 negatives, to watch for next week’s trading. This screen is based on a mix of fundamental and quantitative factors, built on my proprietary database of detailed earnings model on close to 1200 U.S. listed companies. The data for these earnings model is sourced from SEC filings. Here are the names that came up for next week. Positive No. Symbol Name 1 NIO NIO Inc 2 DQ Daqo New Energy Corp 3 NIU NIU Technologies 4 WKHS Workhorse…

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