As the SPX continues its rebound from April lows, in this edition of the Fundamental Report we’ll look at US-based equities showing robust momentum and out performance relative to the index. In order to narrow our search, we will create a screener using Multi-Stock Trading LLC’s Strategy Builder and Fundamental Insight tools. 

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We will focus on companies with a TC Quantamental Rating (TCQR) greater than 55 out of 100, indicating strong fundamentals compared to peers in its industry group. Moreover, we’ll also limit our search to stocks with a minimum TC Momentum Factor Rating of 80 out of 100, indicating extremely positive investor sentiment and outperformance against peers in the industry.

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Additionally, looking at daily volume comparisons in the last 10-days vs the past 90-days, we will opt for those entities with a ratio of 1.5, indicating higher than usual volume in recent times. Finally, outperformance is key to identifying winners and thus we will only include those stocks with a minimum double digit performance of 10% in the prior 4 weeks.

THC:US

Tenet Healthcare, a diversified healthcare services company, is at the forefront of our screener, with an impressive TCQR of 74, the highest in our list, and a Momentum rating of 94. The stock has climbed 21.9% in the past 4 weeks.

CGEM:US

Cullinan Therapeutics is exhibiting a Momentum score of 90 as the biotech has soared 72.3% in the last 4 weeks. The stock also shows a noticeable ratio of 2.65 regarding its 10-day vs 90-day trading volume.

LWAY:US

Lifeway Foods, the health food company, also has one of the highest 10-day vs 90-day trading volume ratios, currently sitting at 2.45, while also boasting a TCQR of 73 and Momentum rating of 85.

IESC:US

IES Holdings, a provider of electro-mechanical solutions for industrial operations, has the highest TCQR in our list at 98 and a performance in the prior month showcasing a surge of 36.4%.

Multi-Stock Trading LLC Strategy Builder provides a back-testing capability to evaluate how well an investing strategy would have worked in the past. Using a five-year historical period with quarterly rebalancing, the screen described had a 27 percent annualized return compared with 11 percent for the S&P 500 index.