The Globe and Mail attempts to identify Canadian small-cap and mid-cap
stocks with strong earnings and
price momentum in its Thursday, Nov. 20, edition. The Globe's Craig McGee writes in the Number Cruncher column that he employed the services of CPMS to help find his stock market picks. To make his determination on winning stocks Mr. McGee looked at return on equity, quarterly earnings momentum
(or QEM, which equals the percentage
change between the
latest four quarters earnings
and four quarters earnings
from the previous quarter). As well, Mr. McGee watched for any earning surprises for the latest
quarter. The Globe writer also considered consensus earnings estimate
revisions over the past 90
days. Finally, Mr. McGee's picks had to have positive price momentum over the past
year. Mr. McGee's small-cap to mid-cap picks
with strong earnings and price momentum are Cipher Pharmaceuticals, Intertape Polymer Group, Richmont Mines, Strad Energy Services, Great Canadian Gaming and Arsenal Energy.
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