When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Baidu, which saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 77 to 90.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their biggest price moves.
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While Baidu is not near a proper buy point right now, see if it is able to form and break out of a proper consolidation. It has cleared some resistance from key moving averages, but still has some to overcome. One to keep an eye on, especially today with the Federal Reserve set announce interest rate changes. Let's see how the market reacts to the news.
Earnings update
Earnings growth rose last quarter from -41% to -6%. But revenue gains fell from 12% to 4%.
The company earns the No. 5 rank among its peers in the Internet-Content industry group. Kanzhun and Alphabet are among the top 5 highly rated stocks within the group.
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