Each week for the last couple of months we have been taking advantage of the new stock screener tool on InvestorsObserver, and looking at stocks that rank among the highest-ranking securities.
We have seen a lot of strong names as of late, and this week is no exception. We find the new screening tool particularly useful because it uses proprietary software to combine both technical and fundamental analysis when ranking stocks in the overall stock universe.
By combing both technical and fundamental analysis, the screen is great for finding stocks that have not only shown recent strength in the market, but also possess the necessary underlying fundamentals to build on their recent gains and continue to move higher.
This week we have screened out a fairly diversified group of stocks, all which rank in the top tier of the results. As is the case with most stocks in today’s market, valuations will be a concern. The market has consistently set new records over the last year, and as the market has risen so has the valuations of individual stocks.
We will take valuations in consideration, but we will also look at future earnings growth estimates, as the market will allow stocks to trade at high valuations if the future growth estimates look attractive enough.
Here are this week’s five top ranking stocks, and also be sure to look over last week’s list of killer stocks to see how they are doing.