CHICAGO, Sept. 18, 2013 /PRNewswire/ -- Stocks in this week's article include: American Woodmark (NASDAQ: AMWD – Free Report), Lockheed Martin (NYSE: LMT – Free Report), La-Z-Boy (NYSE: LZB – Free Report), Magna International (NYSE: MGA – Free Report) and Rexnord (NYSE: RXN – Free Report). Kevin Matras shows you the one indispensable thing for inspired stock picking and how to find your next profitable stock in just minutes.
Screen of the Week written by Kevin Matras of Zacks Investment Research: I use stock screeners every day. I cannot imagine investing in stocks without the assistance of a screener.
There are over 10,000 stocks out there and you need a quick and reliable way to sort through them all. It's not enough to type familiar ticker symbols into a website and do a spot check on whatever items happen to be displayed.
For one, most people's universe of familiar stocks is relatively small. And that alone will limit one's investment opportunities. And two, even if your universe of familiar stocks is larger than most, nobody's is big enough to stay abreast of them all. Nor would you want to. Many stocks should not even be considered as investments. So you don't want to clutter your mind with those tickers.
But many others are worthy of consideration, and you need a way to get those onto your radar screen. This is important. Many investors are not seeing the kinds of returns they want in their portfolios because their universe of familiar stocks is limited.
What's interesting is that some of your best performing stocks right now were likely new to you at some point. But there are plenty of others that could also be top performers for you if you only knew about them.
And the best way to discover new, potentially profitable stocks is to regularly scan for the best opportunities.
Today's screen focuses on some of my current wish list items:
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