When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Ares Management just met that criteria with a new score of 83.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or better RS Rating as they begin their biggest price moves.
Ares Management is still inside a buy range after breaking past a 176.38 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
EPS growth decreased last quarter from -16% to -97%, but revenue rose from 19% to 54%. The company is expected to report its latest earnings and sales numbers on or around Aug. 1.
Ares Management earns the No. 12 rank among its peers in the Finance-Investment Management industry group. WisdomTree, Acadian Asset Management and Carlyle Group are among the top 5 highly rated stocks 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.
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