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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Stocks Showing Improved Relative Strength: US Foods

US Foods saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 70 to 75.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if US Foods can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

US Foods is working on a cup without handle with a 42.20 buy point. See if it can clear the breakout price in heavy trade.

Regarding top and bottom line numbers, the company has posted two quarters of rising earnings growth. Revenue gains have also risen during the same period. The company is expected to release its next quarterly numbers on or around Nov. 2.

US Foods holds the No. 4 rank among its peers in the Wholesale-Food industry group. Sysco and Amcon Distributing are also among the group's highest-rated stocks.

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