The IBD SmartSelect Composite Rating for Rambus increased from 93 to 96 Wednesday.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important 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 starting point when looking for the best stocks to buy and watch.
Rambus is not currently near a proper entry. Look for the stock to form and break out of a new chart pattern.
The stock has a 99 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company posted 76% EPS growth. Top line growth increased 41%, up from 32% in the prior report. That marks one quarter of accelerating revenue gains.
Rambus holds the No. 3 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the No. 1-ranked stock 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.
