The Screen
With the surprise announcement from the Organization of the Petroleum Exporting Countries and its allies to reduce oil production, markets were dealt another blow of uncertainty as we move into the second quarter. The S&P 500 was relatively flat on this news, driven mainly by gains in the energy sector, giving the index a year-to-date return of nearly 7.5 per cent.
Finally, we screen for companies with best-in-class overall StarMine rankings. We use the Refinitiv StarMine Combined Alpha model to screen for companies with a score of 90 or above, representing the top 10 per cent of companies. The StarMine Combined Alpha Model is a percentile ranking of stocks which combines all available StarMine models into an optimal weighting for each region.
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