When building your watch list, focus on stocks with an 80 or higher RS Rating. Toast is one stock that just reached the mark, now earning a score of 82.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
While it's not currently an ideal time to invest, see if the stock goes on to offer and clear an appropriate buy point.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 333%, compared to 0% in the prior report. Revenue increased from 24% to 25%.
The company holds the No. 8 rank among its peers in the Finance-Card/Payment Processing industry group. StoneCo Cl A, dLocal and Paymentus Holdings 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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