The IBD SmartSelect Composite Rating for Axos Financial rose from 94 to 96 Friday.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Axos Financial is currently forming a consolidation, with a 79.15 buy point. See if the stock can break out in heavy trade at least 40% above average.
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The stock has a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 39% earnings gain for Q1. Revenue growth climbed 31%, up from 23% in the prior report. That marks one quarter of accelerating revenue increases.
Axos Financial earns the No. 1 rank among its peers in the Finance-Savings & Loans industry group. Northeast Community Bncp and Synchrony Financial are also among the group's highest-rated stocks.
