Amer Sports saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 97.
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The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Amer Sports is currently forming a flat base, with a 40.21 entry. Look for the stock to break out in volume at least 40% higher than normal. But note that it's a later-stage base, and such bases are more prone to failure.
The stock has an 81 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 81% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 145% EPS gain for Q1. Sales were flat, matching the prior quarter's 23%. The company's next quarterly report is expected on or around Aug. 19.
Amer Sports earns the No. 1 rank among its peers in the Leisure-Products industry group. Acushnet Holdings and Johnson Outdoors Cl A are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
