This research work applies four different approaches including Grey Prediction (GP), Neural Network (NNW), Genetic Algorithm (GA) and Grey Decision (GD) to construct sophisticated stock selecting models which are capable of providing profitable outcomes for investment and reducing the risks from human subjective judgment. Based on using financial ratios as criteria to evaluate the electronic industry companies listed in Taiwan Stock Exchange (TSEC) for portfolio selection, all designed models perform well on selecting promising stocks and the operational average returns exceed the defined benchmarks. The outcomes of four models are then combined and fused with Dempster Shafer combination rules and integrated as the named DS model. The total average return acquired from the DS model increases significantly to 112.45% and surpassed other models. The results show that the data fusion of four models is able to produce optimal synergy and demonstrates higher evaluation performance.