Stocks with an international footprint have been faring well in the stock market recently. Investor's Business Daily's stock screener for global leaders shows three stocks near buy points. Fabrinet is in a buy zone above a long consolidation base that has a buy point of 281.79, according to IBD MarketSurge.
Fabrinet boasts a Composite Rating of 98. It has a 92 score for both its Earnings Per Share and Relative Strength Ratings. The Accumulation/Distribution Rating sits at B. Demand for the stock has been running strong over the past 50 trading days, going by its Up/Down Volume Ratio of 1.5.
Sales growth has been steady over the past eight quarters, ranging from 5% to 19%. Earnings growth has ranged from 2% to 30%. In the third quarter ended March 28, earnings increased 5% to $2.52 per share from the prior year, and sales rose 19% to $871.8 million. The contract manufacturer sells optical packaging products for industrial components and subsystems.
Atour Lifestyle Sets Up After Earnings
Also on the global leaders screen, Atour Lifestyle is in a buy zone above a flat base's buy point of 34.23.
The stock has formed an early-stage base-on-base formation after breaking out on earnings on May 22. The relative strength line is at a new high, as seen in the blue dot on both the daily and weekly charts. Atour has a Composite Rating of 96 and an ideal EPS Rating of 99. The Relative Strength Rating sits at 89. The Up/Down Volume Ratio is 1.7.
Earnings have grown at 31% to 257% over the past eight quarters, and sales growth has ranged from 29% to 134%. During the March-ended quarter, earnings of 34 cents per share increased 31% from the prior year, and sales rose 29% to $262.6 million. The company gave a full-year sales growth outlook of 28% at the midpoint. Atour Lifestyle offers theme-based hotels in China.
Find Stocks To Watch: From Top IPOs To Large And Small Caps
Stock Market: Trane Technologies In Buy Zone
Trane Technologies is in a buy zone above a cup base's buy point of 422. The Composite Rating of 93 and EPS Rating of 97 lend strength to the setup.
Shares have outperformed 85% of other stocks in the Investor's Business Daily database over the past 52 weeks. Earnings growth has come in at 19% to 38% over the past eight weeks. Sales growth has ranged from 9% to 15%. Shares gapped up on earnings on April 30, extending a six-day winning streak. Earnings per share of $2.45 increased 26% from the prior year, and sales rose 11% to $4.7 billion.
Trane Technologies makes climate control products used in buildings. The Up/Down Volume Ratio sits at 1.6.
Please follow VRamakrishnan on X/Twitter for more news on the stock market today.
