One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lazard stock just hit that mark, with a jump from 64 to 81 Tuesday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Lazard Stock A Buy?
Lazard stock had a failed breakout from a cup with handle base with a 38.91 entry point in early November . While now is not an ideal time to invest, see if the stock goes on to form a base and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew 7% last quarter, up from -28% in the prior report. Revenue also increased, from -22% to 1%.
Lazard stock holds the No. 16 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR and Interactive Brokers are also among the group's highest-rated stocks.
