When looking for the best stocks to buy and watch, CAN SLIM investors focus on those with rising relative price strength. One stock that fits that bill is No. 1-ranked Trade Desk. On Tuesday Trade Desk stock fell 7.2% amid the market sell-off, but its drop didn't come close to wiping out the 17.5% surge in its stock price on Friday on a strong earnings report.
Additionally, the Relative Strength (RS) Rating for Trade Desk stock soared from 72 to 90 Tuesday. The upgraded 90 RS Rating means Trade Desk tops 90% of all stocks for price performance this past year. It's a notable change because market research shows that the best stocks to buy and watch often have an 80 or better RS Rating at the beginning of a new price run.
Trade Desk Stock Ratings Shine
Trade Desk's self-serve software helps advertisers use available data to reach audiences on the open internet.
Among its other ratings Trade Desk stock has a terrific 95 Composite Rating out of a best-possible 99. It also boasts a 95 Earnings Per Share Rating and a B Accumulation/Distribution Rating on an A+ to E scale. The B rating shows that insurance funds, mutual funds and the like are buying more shares than selling.
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Double-Digit Sales Growth Every Quarter
Over the past four quarters Trade Desk reported EPS growth of 10%, 40%, 27% and 8%. It posted double-digit sales growth every quarter during that period: 21%, 23%, 25% and last Thursday it reported a 23% Q4 gain.
Trade Desk stock holds the No. 1 rank among its peers in the 37-stock Commercial Services-Advertising industry group. Criteo and Viad Corp. are also among the group's highest-rated stocks.
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