100s of titles, one news app for just $10 a month.
Dive Deeper:
H&R Block Joins Elite Club Of Stocks With RS Ratings Over 90
H&R Block sees its Relative Strength Rating reach the elite 90-plus level.
Palo Alto Networks Stock Scores Relative Strength Rating Upgrade
Palo Alto Networks sees its Relative Strength Rating hit the elite 90-plus level.
JM Smucker Stock Clears Key Benchmark, Hitting 90-Plus RS Rating
JM Smucker sees its Relative Strength Rating enter the elite 90-plus level.
Stock Of The Day Pilgrim's Pride Flashes Bullish Signal Near Buy Point As Rival Guides Higher
Pilgrim's Pride stock is Stock Of The Day. Tyson Foods reported strong earnings as consumers accepted food price hikes.
One subscription that gives you access to news from hundreds of sites
Hewlett Packard Enterprises Stock Shows Improving Market Leadership; Earns 86 RS Rating
A Relative Strength Rating upgrade for Hewlett Packard Enterprises shows improving technical performance.
PepsiCo Stock Shows Rising Relative Strength, Clears Technical Benchmark
A Relative Strength Rating upgrade for Pepsico shows improving technical performance.
Get all your news in one place
Latest Business news:
The 'bots' at heart of Twitter buyout row
San Francisco (AFP) - Elon Musk's pausing of his bid to buy Twitter due to questions over "bots" has put…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Rates, inflation to take edge off growth
New data suggests the sharp rise in inflation and an expected rapid rise in interest rates will take the edge…
World’s Richest Family Loses $19 Billion in Walmart Wipeout
The Walton family fortune tumbled almost $19 billion on Tuesday after Walmart Inc. slashed its profit outlook. 
Disney+ Is Open to Advertising, With a Few Big Exceptions
CEO Bob Chapek has reportedly laid down some ground rules for what ads Disney's streaming service will accept.
Netflix Lays Off 150 Staffers in Cutback After Subscriber Loss
Netflix Inc. said Tuesday it’s laying off about 150 employees, fallout from the surprising drop in customers the streaming company…
From analysis to good news, read the world’s best news in one place
Will social media companies crack down on the racist conspiracy theory behind the Buffalo massacre?
The Buffalo, New York, mass shooting that claimed 10 lives Saturday was an event shaped by, and for, internet platforms,…
Markets rally eyeing China reopening
London (AFP) - Global stock markets rallied Tuesday on hopes that China will ease its weeks-long Covid lockdown and gradually…

WWE Stock Battles Its Way Into Elite Club

By INVESTOR'S BUSINESS DAILY and JAMES DETAR

WWE has become a wildly successful brand. Top-ranked World Wrestling Entertainment is also one of the hottest stocks in a cold market. On Wednesday, the Relative Strength (RS) Rating for World Wrestling Entertainment stock hit a lofty 92 rating, up from 89 the day before.

The 92 RS Rating means WWE stock has outperformed all but 8% of all stocks over the past year. Market research shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves. Stamford, Conn.-based WWE passed the 80 benchmark a while back and continues to push upward.

WWE Stock Has Outperformed Despite The Market Downturn

WWE stock is up 22% from a December 17 low of 46.91. It closed at 57.01 Wednesday, down 1.6% as the market retreat continues.

Looking For Winning Stocks? Try This Simple Routine

In addition to its namesake sports matches, World Wrestling Entertainment is engaged in production and marketing of a variety of programs via TV, pay for view programs and live events. WWE stock is building a consolidation with a 70.82 entry. See if the stock can break out in heavy volume.

World Wrestling Entertainment showed 51% EPS growth in the latest quarterly report, to 77 cents. That came on the heels of a 192% surge in year-over-year quarterly profit growth. It reversed from a couple of weak quarters last year. WWE's revenue grew 27% last quarter to $333.4 million.

The company holds the No. 1 rank among its peers in the Media-Diversified industry group. Media companies Graham and Liberty Media Sr A are also among the group's highest-rated stocks.

When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.

Please follow James DeTar on Twitter @JimDeTar 
What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
H&R Block Joins Elite Club Of Stocks With RS Ratings Over 90
H&R Block sees its Relative Strength Rating reach the elite 90-plus level.
Palo Alto Networks Stock Scores Relative Strength Rating Upgrade
Palo Alto Networks sees its Relative Strength Rating hit the elite 90-plus level.
JM Smucker Stock Clears Key Benchmark, Hitting 90-Plus RS Rating
JM Smucker sees its Relative Strength Rating enter the elite 90-plus level.
Stock Of The Day Pilgrim's Pride Flashes Bullish Signal Near Buy Point As Rival Guides Higher
Pilgrim's Pride stock is Stock Of The Day. Tyson Foods reported strong earnings as consumers accepted food price hikes.
One subscription that gives you access to news from hundreds of sites
Hewlett Packard Enterprises Stock Shows Improving Market Leadership; Earns 86 RS Rating
A Relative Strength Rating upgrade for Hewlett Packard Enterprises shows improving technical performance.
PepsiCo Stock Shows Rising Relative Strength, Clears Technical Benchmark
A Relative Strength Rating upgrade for Pepsico shows improving technical performance.
Get all your news in one place