DXP Enterprises saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
DXP Enterprises has now climbed above a proper buy zone after clearing the 57.38 entry in a consolidation.
The stock earns a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 80% earnings-per-share growth. Revenue growth fell to 15%, down from 16% in the previous quarter.
DXP Enterprises earns the No. 4 rank among its peers in the Machinery-General Industrial industry group. Badger Meter is the top-ranked stock within the group.
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