Pinterest saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 92 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Pinterest is currently forming a double bottom, with a 40.90 entry. Look for the stock to break out in heavy trade at least 40% above average.
The stock sports a 92 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 92% 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 posted 35% earnings-per-share growth for Q1. Sales growth came in at 16%, down from 18% in the prior quarter.
Pinterest holds the No. 3 rank among its peers in the Internet-Content industry group. Kanzhun ADR is the top-ranked stock 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.
