The IBD SmartSelect Composite Rating for Alphabet Cl A rose from 94 to 96 Thursday.
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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. The best stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Alphabet Cl A is currently forming a cup with handle, with a 197.95 entry. Look for the stock to break out in heavy trade at least 40% above average.
The stock sports a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 24% increase in earnings for Q2. Sales growth increased 14%, up from 12% in the prior quarter. That marks one quarter of rising revenue gains.
Alphabet Cl A holds the No. 4 rank among its peers in the Internet-Content industry group. Kanzhun ADR 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.
