On Wednesday, Garmin got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
Lean How — And When — To Sell Stocks
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.
Garmin is currently forming a cup with handle, with a 242.47 buy point. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock earns an 89 EPS Rating, meaning its recent quarterly and annual earnings growth tops 89% 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 37% earnings growth. Revenue growth increased 20%, up from 11% in the prior quarter. That marks one quarter of rising revenue increases.
Garmin earns the No. 1 rank among its peers in the Consumer Products-Electronics industry group. Turtle Beach and Zepp Health ADR 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.
