Amer Sports stock saw its IBD SmartSelect Composite Rating rise to 97 Monday, up from 92 the day before. The owner of Wilson products also sees its stock sport 96 Relative Strength Rating.
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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. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Is Amer Sports Stock A Buy?
Amer Sports stock is currently about 2% above a 40.21 entry from a flat base. Keep in mind that it's a later-stage base, and such bases are more prone to failure.
One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The sports product maker reported a 20% earnings gain for Q2. Sales were flat, matching the prior report's 23%.
Amer Sports stock 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.
