When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Evercore Cl A now meets that criteria, with an increase from 78 to 82 Tuesday.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest runs.
While Evercore Cl A is not near an ideal buy zone right now, see if it goes on to form and break out from a proper base.
The company reported 64% earnings growth last quarter. Sales increased 19%.
The company earns the No. 13 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings, Futu Holdings ADR and Houlihan Lokey Cl A 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.
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