Palomar Holdings saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 97.
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The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade 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.
Palomar Holdings is currently extended beyond a proper buy zone after breaking out from a 112.90 entry in a flat base.
The stock has a 98 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q1, the company posted 72% EPS growth. That means it's now delivered two straight quarters of rising EPS growth. Sales growth came in at 47%, down from 48% in the prior quarter. The company's next quarterly report is expected on or around Aug. 4.
Palomar Holdings earns the No. 1 rank among its peers in the Insurance-Diversified industry group. Yuanbao ADR and EverQuote are also among the group's highest-rated stocks.
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.
