Airbnb saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 93 the day before.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Airbnb broke out earlier, but is now trading below the 121.40 buy point from a cup with handle base. It is currently working on a Consolidation base on a MarketSmith chart. See if it can climb back into the buy zone in heavy volume.
Looking For The Best Stocks To Buy And Watch? Start Here
Earnings Preview
The stock has an 80 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 80% of all stocks. Earnings are due in about 7 days, on or around May 9.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 500% earnings gain for Q4. Top line growth came in at 24%, down from 29% in the prior quarter. The company's next quarterly report is expected on or around May. 9.
Airbnb earns the No. 2 rank among its peers in the Leisure-Travel Booking industry group. Booking Holdings is the No. 1-ranked stock within the group.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
