When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Air Lease stock just cleared that benchmark with an upgrade from 76 to 81.
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their biggest climbs.
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Is Air Lease Stock A Buy?
Air Lease stock has moved more than 5% past a 42.34 entry in a first-stage cup with handle, meaning it's now extended and out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 56% last quarter, up from 22% in the prior report. Revenue also increased, from 17% to 19%.
Air Lease stock holds the No. 1 rank among its peers in the Commercial Services-Leasing industry group. United Rentals and H&E Equipment Services are also among the group's highest-rated stocks.
