On Wednesday, Genuine Parts earned an upgrade to its Relative Strength (RS) Rating, from 61 to 71.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 as they launch their biggest climbs. See if Genuine Parts can continue to show renewed price strength and clear that threshold.
While Genuine Parts is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -14%, compared to -21% in the prior report. Revenue increased from 1% to 3%.
The company earns the No. 5 rank among its peers in the Retail/Wholesale-Auto industry group. AutoZone is the top-ranked stock 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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