On Tuesday, Lindsay got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Lindsay is currently forming a consolidation, with a 140.26 entry. See if the stock can break out in heavy trade at least 40% higher than normal.
The stock has a 95 EPS Rating, meaning its recent quarterly and annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 49% earnings-per-share growth. That means it's now generated two straight quarters of rising EPS gains. Top line growth climbed 23%, up from 3% in the prior quarter. The company has now posted increasing growth in each of the last three reports.
Lindsay holds the No. 1 rank among its peers in the Machinery-Farm industry group. Deere and Alamo Group are also among the group's highest-rated stocks.
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