On Friday, LendingTree got an upgrade for its IBD SmartSelect Composite Rating from 91 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
LendingTree is not currently near a proper buy point. Look for the stock to form and break out of a new chart pattern.
One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q4, the company posted 314% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Revenue growth rose 95%, up from 68% in the prior quarter. The company has now posted increasing growth in each of the last five quarters. The company's next quarterly report is expected on or around May. 1.
LendingTree holds the No. 1 rank among its peers in the Finance-Mortgage & Related Services industry group. Rocket Cos. and Finance of America 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.
