Samsara saw another improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. 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.
Samsara is currently extended beyond a proper buy zone after breaking out from a 21.49 buy point in a consolidation. Add to your watchlist and look for an alternative buy point in the coming days/weeks as the stock digests recent gains.
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One weak spot is the company's 57 EPS Rating, which tracks quarterly and annual earnings 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 over the last 13 weeks.
IOT Earnings
In Q1, the company posted 0% EPS growth. Sales growth came in at 43%, down from 48% in the previous quarter.
Samsara holds the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Datadog, DigitalOcean and Dynatrace are among the top 5 highly-rated stocks within the group.
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