The Relative Strength (RS) Rating for Magna International entered a higher percentile Wednesday, as it got a lift from 66 to 72.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Magna International can continue to rebound and hit that benchmark.
While it's not currently an ideal time to buy shares, see if the stock goes on to establish and enter a buy zone in heavy volume.
Earnings grew 7% last quarter, up from -28% in the prior report. Revenue also increased, from -8% to -3%. Keep an eye out for the company's next round of numbers on or around Oct. 31.
Magna International holds the No. 19 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Aptiv and Ouster Cl A 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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