On Tuesday, Oppenheimer Holdings A got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Oppenheimer Holdings A is now out of buy range after breaking out from a 66.75 buy point in a cup with handle. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million.
One weak spot is the company's 71 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 108% increase in earnings for Q2. It has now posted accelerating EPS gains for two consecutive quarters. Revenue growth increased 13%, up from 4% in the prior quarter. That marks one quarter of accelerating revenue increases.
Oppenheimer Holdings A earns the No. 8 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, Robinhood Markets and Interactive Brokers 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.
