AlphaScreens: Earnings upgrade momentum still winning

AlphaScreens: Earnings upgrade momentum still winning

Our momentum screen's focus on forecast earnings growth and also the rate of upgrades adds rigour to the methodology. Share price momentum is still important and overall following this combination of animal spirits and analysts' forecasts has proven hugely successful in a bull market. Whether the screen results will continue to outperform if the market has a tougher time in 2020 is not certain but where companies fail one or two tests, at least we have a hint of where companies' individual momentum stories could come unstuck. 

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