The IBD SmartSelect Composite Rating for Nasdaq increased from 91 to 96 Friday.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Nasdaq is currently forming a consolidation, with an 84.15 entry. See if the stock can break out in volume at least 40% above average.
The stock has an 88 EPS Rating, which means its recent quarterly and annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q1, the company posted 25% EPS growth. That means it's now posted four straight quarters of rising EPS growth. Revenue growth increased 25%, up from 23% in the prior quarter. That marks one quarter of rising revenue growth.
Nasdaq holds the No. 7 rank among its peers in the Financial Services-Specialty industry group. Sezzle, X Financial ADR and Marex Group 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.
