SPX Technologies saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
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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. The market's biggest winners often have a 95 or higher score 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.
SPX Technologies is currently forming a flat base, with a 209.38 entry. See if the stock can break out in heavy trade at least 40% above average.
The stock earns a 93 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 16% earnings-per-share growth. Top line growth increased 10%, up from 4% in the prior report. That marks one quarter of accelerating revenue growth.
SPX Technologies earns the No. 5 rank among its peers in the Machinery-General Industrial industry group. ESCO Technologies 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.
