Pinterest saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Pinterest is currently forming a cup with handle, with a 39.93 buy point. See if the stock can break out in volume at least 40% higher than normal.
The stock earns a 96 EPS Rating, which means its recent quarterly and annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 38% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Revenue growth climbed 17%, up from 16% in the prior quarter. That marks one quarter of accelerating revenue increases.
Pinterest earns the No. 6 rank among its peers in the Internet-Content industry group. Tencent Music Ent ADR, Kanzhun ADR and Alphabet Cl C are among the top 5 highly-rated stocks within the group.
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.
