Loews Earns IBD Rating Upgrade
In a welcome move, Loews saw its Relative Strength Rating improve from 65 to 71 on Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Loews can continue to show renewed price strength and clear that threshold.
Loews is building a cup with handle with a 56.76 entry. See if the stock can clear the breakout price in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up 19%, compared to 0% in the prior report. Revenue increased from 17% to 73%.
The company earns the No. 6 rank among its peers in the Insurance-Diversified industry group. American National and Hartford Financial Services are also among the group's highest-rated stocks.