When building your watch list, look for stocks with an 80 or higher RS Rating. ON Semiconductor now meets that criteria, with an increase from 63 to 81 Friday.
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IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of over 80 as they launch their biggest climbs.
While it's not currently an ideal time to buy shares, see if the stock goes on to offer and clear an appropriate buy point.
The company reported negative growth for both the top and bottom lines last quarter. ON Semiconductor is expected to report its next quarterly numbers on or around Aug. 4.
ON Semiconductor holds the No. 9 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions, Taiwan Semiconductor ADR and Analog Devices 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.
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