The Investor's Business Daily 50 Index, or IBD 50, is one of the more popular equity index benchmarks in the industry. It's the brainchild of IBD's William O'Neil who used a quantitative approach to identifying companies that demonstrate strong earnings or sales growth, high returns on equity, revenue catalysts and improving cash flows using the CAN SLIM methodology.
This approach has produced some stellar results. After all, who doesn't like a performance chart that looks like this?
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