On Thursday, SVB Financial received an upgrade to its Relative Strength (RS) Rating, from 69 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest climbs. See if SVB Financial can continue to show renewed price strength and hit that benchmark.
SVB Financial is not currently showing a potential entry point. See if the stock goes on to build a promising consolidation that could kick off a new climb.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 5%, compared to 1% in the prior report. Revenue increased from 21% to 24%.
SVB Financial earns the No. 1 rank among its peers in the Banks-Super Regional industry group. Fifth Third Bancorp and PNC Financial Services are also among the group's highest-rated stocks.