On Thursday, Facebook (FB) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The social media giant rallied higher in recent months amid tech stock selloff. Facebook stock is trading within the buy zone from a 304.77 entry from a consolidation.
The upgrade means the stock is now outperforming 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 rating 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.
Facebook stock sports a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The social media firm posted a 93% EPS gain for Q1. That marks two straight reports with rising EPS growth. Top line growth climbed 48%, up from 33% in the prior quarter. That marks three quarters of increasing revenue gains.
Facebook stock earns the No. 1 rank among its peers in the Internet-Content industry group. Alphabet (GOOGL) and Alphabet (GOOG) are also among the group’s highest-rated stocks. Check out “These Are The 5 Best Stocks To Buy And Watch Now.”
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