On Wednesday, Vertiv Holdings got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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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 an important benchmark to look for when looking for the best stocks to buy and watch.
Vertiv Holdings is not currently near a proper buy point. Look for the stock to form and break out of a new base.
The stock earns a 98 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 49% earnings growth. Top line growth fell to 24%, down from 26% in the prior quarter.
Vertiv Holdings holds the No. 1 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor and BWX Technologies are also among the group's highest-rated stocks.
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