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| Kevin Matras Highlights the Following Stocks: Flagstar Bancorp, Hovnanian Enterprises, and Thomas Nelson Publishers
CHICAGO--(BUSINESS WIRE)--Oct. 1, 2003--Zacks.com releases it's exclusive Screen of the Week report that highlights another successful stock picking strategy developed with their Research Wizard software. Kevin Matras shows the importance of monitoring your stocks after you buy them. He calls this the "Relentless Pursuit of Common Sense". He also gives out three top picks from some of his best screens. Some stocks in this week's screen are: Flagstar Bancorp, Inc. (NYSE:FBC), Hovnanian Enterprises, Inc. (NYSE:HOV) and Thomas Nelson Publishers (NYSE:TNM). Click here for the full story exclusively on Zacks.com: http://sotw.zacks.com Screen of the Week written by Kevin Matras of Zacks Investment Research: BizVantage – Beyond the news: indepth on business, investment and technology. "The Relentless Pursuit of Common Sense" This week Kevin will focus on evaluating your holdings and monitoring your stock watch lists. And as the title suggests, there's no particular magic in making money, just good old fashion common sense. (The trick is exercising it!) If you've used the Research Wizard program, even for a short amount of time, you've either built your own profitable Screening Strategies or selected a few of the Pre-defined Strategies that came with the program (over 50 of them) and got started with those. But once you're in (or at least watching potential candidates to get into), it doesn't mean your work is over. Whatever your stocks are, whether they be actual holdings or stocks you're considering buying, don't stop monitoring the fundamentals of those stocks. What he means is; if one of the criteria for getting into a stock in the first place was that it had a low Debt to Equity ratio, but you then saw that ratio change to an unacceptable level (a level that would not have put it on your radar screen in the first place), you should consider exiting and looking for a new stock to replace it. One that currently does meet your criteria. Let's say for instance that you use the Zacks Rank as a timing indicator and you look at the #1's for immediate movers. If in a few weeks, as Zacks aggregates EPS Estimate Revisions, it sees that the prospects for the company's earnings are to deteriorate and degrades its Rank to a #3 or #4, take note and consider dumping it. Sure it was a #1, but it's not a #1 (or #2) anymore. Think about it; if you never would have gotten into a #3 or a #4 in the first place, why would you now want to hold onto one? That's the pursuit of relentless common sense. What if you're a momentum investor and you generally look for stocks trading within 10% of its 52 week high (a great item by the way) and it suddenly falls below that level. Well, if you're only interested in focusing on stocks within 10% of its high and it's now 20% (or more) off its high, ... move on. The momentum has seemingly shifted and so should your focus. So once you've found the items that have proven to work well for you in picking profitable stocks, be sure to relentlessly monitor those values. And if they no longer meet the winning criteria, get rid of them fast and find new ones that do. Here's a few stocks that are currently coming up on some of our best screening strategies. FBC Flagstar Bancorp, Inc. HOV Hovnanian Enterprises, Inc. TNM Thomas Nelson Publishers So sign up now for your free trial to the Research Wizard and pick and choose from some of our profitable strategies or put your own ideas to the test. http://researchwiz.zacks.com About Screen of the Week Zacks.com created the first and best screening system on the web and that's what earned us the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why we created the Screen of the Week to highlight profitable stock picking strategies that you can actively employ on your own. Each week we share a new screening strategy in our Profit from the Pros free email newsletter. Learn more about it here http://sotw.zacks.com. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://freepfp2.zacks.com Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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