Introduction:
Twice a year I conduct a screen of North American indexes and a top to bottom review of the existing watch list for Contra the Heard. Though valuations are relatively high, and many industries are near multi-year highs, investors should remember that the stock market is a market of stocks, and there are generally beaten up countries, sectors, or companies out there somewhere.
The goal of the screen is to identify unloved and, hopefully, undervalued opportunities that may be worth further scrutiny. After the latest review, the watch list included 443 US companies,