Is there a way to create a scan for EPS ranking >= 80 (in the top 80% of all stocks) and

industry sub-group ranking >= 80 (the industry group is among the top 80% of all industry sub-groups) and RS ranking >= 80?

Thanks!

We can do the EPS ranking and RS ranking fairly easily as there are built in fundamental system criteria which apply directly to the symbol.

- Select EasyScan from the menus.
- Select Create New EasyScan.
- Select Add Condition in the Edit tab.
- Choose EPS Latest Qtr.
- Set it to Ranks and adjust the rangefinder as desired.
- Choose Relative Strength 1-Yr (vs SP-500).
- Set it to Ranks and adjust the rangefinder as desired.

Building a Scan with Multiple Conditions

The sub-group ranking is more difficult however. You would need to bring up the Morningstar Industry Group Averages WatchList and add a WatchList Column for the specific performance criteria you wish to use for the ranking and use that WatchList Column as a sort.

Adding & Editing WatchList Columns

Then you would need to select each sub-industry symbol in the WatchList one at a time in sort order while skipping main industry symbols. At each sub-industry symbol you would click on the Industry Info icon on the screen and choose Open Sub-Industry WatchList.

Industry and Sub-Industry WatchLists

And then right-click on the WatchList that appears, select Copy all symbols to... and choose the Personal WatchList that you are going to use as the List to Scan in the EasyScan above.

Copying Symbols to Personal WatchLists

There are 208 sub-industries out of the 239 symbols in the Morningstar Industry Group Averages WatchList, so you would need to choose 41 or 42 symbols if you mean the top 20% or 166 or 167 symbols if you mean the top 80%.

Now you could vary this routine slightly. For example, you could start by unflagging all items and then flag all of the items in each of the Sub-Industry WatchLists instead of immediately copying them to a Personal WatchList, but you would still need to copy all of the flagged symbols to a Personal WatchList at the end in order to have an appropriate WatchList to use as the List to Scan in the EasyScan.

Flagging Symbols

Thanks very much!

However, still not able to get the relative strength ranking for the Morningstar industry group.  When add "Relative Strength 1-yr (vs SP-500)" column to the Morningstar Industry Group Averages, only get "..." in the column. 

So how to get group strength ranking data for industry group or sub-group?

Thank you very much!

You would not use Relative Strength as a WatchList Column as it is not available for industry groups, you would choose some arbitrary measure of performance and use it as the WatchList Column. For example, you add add a Rate of Change (Percent) Indicator to the chart, set the period as desired and then click on the ROC indicator and select Show Values in WatchList to use it as a Sort.

Hi:

I want to guage accuracy of your earnings and EPS change for quarter numbers. I see a big discrepancy for a majority of stocks.  Can you tell me what your source for these numbers are? 

Take OPEN for example, EPS change in latest quarter according to TC2000 is 40% but in IBD it is 19%. The latest quarter EPS in TC2000 is 35c but according to IBD it is 50c. Why is there a difference? Can someone help me understand?

Thanks RP

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