Lear Corp had its Relative Strength (RS) Rating upgraded from 68 to 74 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Lear Corp can continue to rebound and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point.
Earnings growth moved up last quarter from -3% to -2%, but revenue fell from -2% to -7%. The next quarterly numbers are expected on or around Jul. 25.
The company earns the No. 15 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Visteon and Strattec Security 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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