A new UniSearch has been added to VectorVest Australia entitled: AU’s Best Growth & Income Stocks. This search empowers you to find stocks with the best combination of Growth & Income. To locate this new search, click on the UniSearch tab and then open the group entitled: Searches – Prudent. The search is listed at the top of the list: AU’s Best Growth & Income Stocks.

The new Growth & Income search ensures a VST score greater than or equal to 1.00. VST is our master indicator, it combines the fundamental indicators Relative Value (RV), Relative Safety (RS) and our key technical indicator, Relative Timing (RT) into one master indicator. VST is on a scale of 0.00 – 2.00, where a score above 1.00 is favourable. The search also ensures that RS (on a scale of 0.00 – 2.00) must be 1.40 or higher. High RS stocks are stocks with robust financials.

Turning to dividends, the search finds stocks with a YSG score of 1.00 or higher. YSG is the combination of Dividend Yield (DY), Dividend Safety (DS) and Dividend Growth (DG) all in one indicator, YSG, is also on a scale of 0.00 – 2.00. This ensures dividend paying stocks are returned. Furthermore, the search ensures robust earnings by finding stocks that have an Earnings Growth Rate (GRT) greater than or equal to 10%. GRT reflects a company’s one to three year forecasted earnings growth rate in percent per year.

The shares cannot be Sell rated (a sell rating is given when the share price falls through the Stop price calculated each day). The price must be $1 or higher and must average at least 50,000 trades a day on average over the last 50 days. The search excludes ETFs and Index Trackers. A very strict set of parameters! Once all the parameters are met, stocks are then sorted by VST + YSG DESC.

Running the UniSearch on 12 November 2024, the Top 3 stocks returned are as follows:

SSM.AX stands out, it has a solid earnings profile (EPS) and a robust GRT score of 16%.  Furthermore, the Dividend Yield on offer is at 2.94%.

Run AU’s Best Growth & Income Stocks UniSearch each week to find stocks with the best combinations of income and growth!

 

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