On Friday, MINISO Group Holding ADR got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
Lean How — And When — To Sell Stocks
The upgrade means the stock currently tops 97% 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 kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
MINISO Group Holding ADR is not currently near a proper entry. Look for the stock to form and break out of a new base.
The stock has a 93 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 17% earnings growth. Revenue growth came in at 19%, down from 24% in the prior quarter. The company's next quarterly report is expected on or around May. 23.
MINISO Group Holding ADR holds the No. 1 rank among its peers in the Retail-Discount & Variety industry group. BJ's Wholesale Club and Ollie's Bargain Outlet are also among the group's highest-rated stocks.
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