The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.

NEW YORK (Stockpickr) -- Each month I update a fundamental/technical screen at Scott's Investments and track the results real-time. October's list of 11 stocks is here, and the screen returned -2.53%, outperforming SPDR S&P 500 (SPY), which returned -6.26% over the same time period. The screen is not intended as a comprehensive portfolio, but a list for further research, and proper risk management techniques should always be considered.

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    The screen looks for the following:

    • earnings growers still reasonably priced as judged by the PEG ratio
    • low debt
    • a history of high return on equity and investment, and
    • price momentum as gauged by the percentage the stock is trading to its 250 day high.

    The stocks are then ranked based on fundamental factors as compiled by stockscreen123.

    Apple (AAPL) was on last month's list but dropped off this month's list due to the stock's fading price momentum. Only three companies qualified for this month's list, primarily due to the recent equity market selloff, which resulted in many equities trading well below their 250-day highs.

    The three companies on this month's list are a diverse mix: True Religion (TRLG), an apparel retailer; Questcor Pharmaceuticals (QCOR), a biotechnology company; and NeuStar (NSR), a communication provider. All three companies have appeared on this stock list in the past. They all sport little or no debt, a high historical return on equity and investment, and a PEG ratio below 1. Their price strength and momentum in the midst of an otherwise dismal equity market should be noted:

    Scott's Investments focuses on consolidating and tracking free online investment resources for the public with an emphasis on ETFs, portfolio/trading strategies and macroeconomics. Follow Scott's Investments on Stocktwits Twitter.