Monday's High-Volume Gainers With Conservative Accounting Practices

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 |  Includes: AAN, AIN, BWP, CRR, EFII, FNB, HGIC, KKD, LGCY, LXU, MAPP, OGE, OPTR, PLT, SBNY, SGK, WMG, ZBRA
by: Kapitall

One important consideration to always keep in mind with investments is the accounting practices of a given firm. Because there is a lot of room for estimates in financial reporting, a firm’s management may use accounting tricks to appear more profitable than they actually are.

With that in mind, we wanted to screen the high-volume gainers on 5/9/11 for those that have conservative accounting practices. To gauge this we used the accounting and governance risk scores from forensic accounting firm Audit Integrity. Scores closer to 100 indicate conservative accounting risk.

We also created an equal weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.


(Click to enlarge)

Do you think these names have more upside potential? Use this list as a starting-off point for your own analysis.

List sorted by AGR score.

1. F.N.B. Corporation (NYSE:FNB): Regional Bank. Market cap of $1.36B. The stock gained 0.80% over the last session, with relative volume at 1.87. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 98. The stock is a short squeeze candidate, with a short float at 10.53% (equivalent to 16.69 days of average volume). The stock has gained 33.73% over the last year.

2. Schawk Inc. (NYSE:SGK): Processing Systems & Products Industry. Market cap of $449.02M. The stock gained 0.41% over the last session, with relative volume at 4.71. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 98. The stock might be undervalued at current levels, with a PEG ratio at 0.92, and P/FCF ratio at 14.03. It's been a rough couple of days for the stock, losing 7.23% over the last week.

3. Signature Bank (NASDAQ:SBNY): Regional Bank. Market cap of $2.27B. The stock gained 0.35% over the last session, with relative volume at 1.65. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 96. The stock is a short squeeze candidate, with a short float at 5.56% (equivalent to 11.98 days of average volume). The stock has gained 36.91% over the last year.

4. Harleysville Group Inc. (NASDAQ:HGIC): Property & Casualty Insurance Industry. Market cap of $864.39M. The stock gained 0.16% over the last session, with relative volume at 1.88. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 95. The stock has gained 7.29% over the last year.

5. Boardwalk Pipeline Partners, LP (NYSE:BWP): Oil & Gas Pipelines Industry. Market cap of $5.90B. The stock gained 0.13% over the last session, with relative volume at 1.58. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 92. It's been a rough couple of days for the stock, losing 5.35% over the last week.

6. Warner Music Group Corp. (NYSE:WMG): Entertainment Industry. Market cap of $1.27B. The stock gained 0.12% over the last session, with relative volume at 4.81. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 92. WMG is exhibiting strong upside momentum--currently trading 9.44% above its SMA20, 23.52% above its SMA50, and 48.73% above its SMA200. The stock has had a couple of great days, gaining 10.68% over the last week.

7. Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR): Biotechnology Industry. Market cap of $597.11M. The stock gained 5.12% over the last session, with relative volume at 1.54. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 87. The stock is a short squeeze candidate, with a short float at 8.75% (equivalent to 6.1 days of average volume). The stock has gained 11.08% over the last year.

8. Plantronics, Inc. (NYSE:PLT): Processing Systems & Products Industry. Market cap of $1.84B. The stock gained 2.43% over the last session, with relative volume at 1.88. According to Audit Integrity the company has Conservative accounting and governance risk, with an AGR score of 87. The stock is a short squeeze candidate, with a short float at 5.05% (equivalent to 5.82 days of average volume). The stock has gained 21.2% over the last year.

9. MAP Pharmaceuticals, Inc. (NASDAQ:MAPP): Drug Manufacturer. Market cap of $485.99M. The stock gained 2.69% over the last session, with relative volume at 3.33. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 84. This is a risky stock that is significantly more volatile than the overall market (beta = 3.12). The stock is a short squeeze candidate, with a short float at 7.43% (equivalent to 11.63 days of average volume). The stock has gained 3.62% over the last year.

10. Albany International Corp. (NYSE:AIN): Textile Industrial Industry. Market cap of $832.45M. The stock gained 5.67% over the last session, with relative volume at 1.86. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 83. The stock is a short squeeze candidate, with a short float at 7.53% (equivalent to 14.74 days of average volume).

11. Aaron's, Inc. (NYSE:AAN): Rental & Leasing Services Industry. Market cap of $2.23B. The stock gained 1.60% over the last session, with relative volume at 1.56. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 79. The stock is a short squeeze candidate, with a short float at 9.69% (equivalent to 12.6 days of average volume). The stock has gained 63.46% over the last year.

12. OGE Energy Corp. (NYSE:OGE): Electric Utilities Industry. Market cap of $4.69B. The stock gained 1.45% over the last session, with relative volume at 1.88. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 79. The stock has gained 37.54% over the last year.

13. CARBO Ceramics Inc. (NYSE:CRR): Oil & Gas Equipment & Services Industry. Market cap of $3.73B. The stock gained 8.29% over the last session, with relative volume at 1.59. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 78. The stock is exhibiting strong upside momentum--currently trading 14.25% above its SMA20, 21.15% above its SMA50, and 58.31% above its SMA200. The stock has had a good month, gaining 19.02%.

14. Legacy Reserves Lp (NASDAQ:LGCY): Oil & Gas Drilling & Exploration Industry. Market cap of $1.31B. The stock gained 2.59% over the last session, with relative volume at 2.67. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 76. After a solid performance over the last year, LGCY has pulled back during recent sessions. The stock is 4.42% below its SMA20 and 2.76% below its SMA50, but remains 12.49% above its SMA200. The stock has gained 49.03% over the last year.

15. Electronics for Imaging, Inc. (NASDAQ:EFII): Computer Peripherals Industry. Market cap of $877.31M. The stock gained 2.52% over the last session, with relative volume at 2.6. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 74. The stock is exhibiting strong upside momentum--currently trading 7.78% above its SMA20, 18.98% above its SMA50, and 35.58% above its SMA200. The stock has had a good month, gaining 23.25%.

16. Zebra Technologies Corp. (NASDAQ:ZBRA): Computer Peripherals Industry. Market cap of $2.28B. The stock gained 0.22% over the last session, with relative volume at 2.4. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 74. The stock has gained 47.51% over the last year.

17. LSB Industries Inc. (NYSE:LXU): General Building Materials Industry. Market cap of $1.0B. The stock gained 4.14% over the last session, with relative volume at 2.18. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 73. The stock is exhibiting strong upside momentum--currently trading 16.2% above its SMA20, 21.59% above its SMA50, and 74.25% above its SMA200. The stock has had a couple of great days, gaining 15.52% over the last week.

18. Krispy Kreme Doughnuts, Inc. (NYSE:KKD): Restaurants Industry. Market cap of $401.07M. The stock gained 7.22% over the last session, with relative volume at 1.67. According to Audit Integrity the company has Average accounting and governance risk, with an AGR score of 70. The stock has had a couple of great days, gaining 10% over the last week.

*AGR score sourced from Audit Integrity, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.