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Unlike the All-Star Traders Outperform/Underperform Picks for US Stocks, which gets daily picks only from all-Star Motley fool users, the number of outperform and underperform picks for U.S. Stocks downloaded by this item are obtained from all Motley fool users.
The number of daily picks is saved in a historical database called "ascaps".
The number of bullish picks, for each stock listed in NASDAQ, NYSE or AMEX, is saved in "n_bull" field. This number corresponds to the total number of traders who believe that a given stock will outperform the S&P 500 Index in a given time frame.
The number of bearish stock picks is saved in "n_bear" field.
Obviously, the higher the number of bullish picks for a particular stock the more traders think that this stock will do great in the near future. At least better than the S&P 500. However, sometimes a big difference between the number of bullish and bearish picks could be the signal that contrarian traders are waiting for. This could indicate that a change in the stock direction may be expected very soon.
The data is downloaded from the Motley fool screener. Here are some other CAPS-related downloaders I have shared in the previous months: Daily CAPS Ratings: Downloads daily CAPS ratings Historical Data of CAPS Ratings: Downloads historical CAPS ratings
How to display the best stock picks in a watch-list:
- Create a new basic watch-list
- Right click on the watch-list, select "Sort" -> "Stock Picks CAPS" -> "Bullish"
- Click on "Bullish" column to sort stocks by the number of daily bullish picks
For more information on how CAPS works, visit: http://caps.fool.com/Help.aspx?source=ifltnvsnv0000001
