This is more like it!
After many months of very low turnover, Q2 earnings season has produced some substantial shakeup and new names in the Magic Formula® screens this week.
There are a few themes here. First, the wipeout in media stocks has brought Discovery (DISCA/DISCK), Scripps (NYSE:SNI), and Meredith (NYSE:MDP) back into MFI, joining long time member Viacom (NASDAQ:VIAB). More on those later this week.
One truly new name is Polycom (NASDAQ:PLCM), a maker of remote collaboration tools for business. While growth has slowed, this is still a nice cash producing firm and possibly worth a look. The stock is down 18% year to date.
Here are the full lists:Entering the 50 over 50 million screen:
Discovery Communications Inc (DISCA)
Fossil Group Inc (NASDAQ:FOSL)
General Dynamics Corp (NYSE:GD)
International Business Machines (NYSE:IBM)
Meredith Corp (MDP)
Polycom Inc (PLCM)
Scripps Networks Interactive Inc (SNI)
Avon Products Inc. (NYSE:AVP)
Iconix Brand Group Inc (ICON)
NewLink Genetics Corp (NLNK)
Pason Systems Inc (OTCPK:PSYTF)
USANA Health Sciences Inc (NYSE:USNA)
Virgin America Inc (NASDAQ:VA)
Western Refining Inc (WNR)
Emerson Electric Co. (NYSE:EMR)