Good Stock Buys Today

Finding good stock buys today takes patience. The market has been under selling pressure and even when it's been in an upward trend recently, it's hasn't been that strong. You've got to learn to let the market tell you what to do. First, by making sure that the market is in a confirmed rally. Second, by making sure that the stocks you buy today are as good as you can find. You do that by screening stocks extra carefully and raising the bar as far as your minimum thresholds for earnings and sales for example. Instead of picking a company with 25% earnings growth, raise it to 100%. You'll find fewer stock market investing choices but those that you find will be stronger.

Finding good stock market buys today in this manner will help you really focus on quality and narrow the number of stocks you need to review. Managing your watch lists becomes less cumbersome. Setting up my watch list is something that I need to write about in a future post. I'll have to remember to do that as I still don't have a good way to do that yet. Although William O'Neil touches on it some in his book, I still am not happy with my system to uncover good buys in the stock market and I've got find a better way. I know the first thing I would want to do is to create a list of companies that satisfy the first CANSLIM requirement of strong earnings and then refine it from there. Keeping track of all the stocks you find and putting them through a set of screens to reduce them to the fewest number of quality stocks to choose from is the goal.

Once you've done that, finding good stock to buy right now becomes a lot easier. You basically have to whittle down the field. It's a game of eliminating the stocks that don't make the cut. You are kind of like a basketball coach choosing the final 12 players that make the cut.

The best way to find a lot of these stocks is by taking advantage of the screens in the Investor's Business Daily. Several times a week, they pick stocks using certain screens to help you. Columns like Stocks in the News and the Big Picture column and lists like the IBD 100 are a big help and you should make sure that you review them for good stock buys right now.