Top-Rated Stocks: Louisiana Pacific Sees Composite Rating Climb To 96

By INVESTOR'S BUSINESS DAILY

The IBD SmartSelect Composite Rating for Louisiana Pacific rose from 94 to 96 Tuesday.

The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.

Louisiana Pacific is currently forming a consolidation, with a 76.45 buy point. See if the stock can break out in volume at least 40% higher than normal.

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The stock earns a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.

Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

In Q2, the company posted 1,002% earnings-per-share growth. Sales growth rose 142%, up from 74% in the prior quarter. That marks four quarters of rising growth.

Louisiana Pacific holds the No. 1 rank among its peers in the Building-Wood Products industry group. West Fraser Timber and U F P Industries are also among the group's highest-rated stocks.


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