When building your watch list, focus on stocks with an 80 or higher RS Rating. Janus Henderson Group is one stock that just reached the mark, now earning a score of 81.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Janus Henderson Group broke out earlier, but has fallen back below the prior 44.33 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Janus Henderson Group reported 6% earnings growth in the latest quarterly report, while sales growth came in at 8%.
Janus Henderson Group earns the No. 21 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, Acadian Asset Management and Federated Hermes 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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