When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Bloomin' Brands stock is one stock that just reached the mark, now earning a score of 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Is Bloomin' Brands Stock A Buy?
Bloomin' Brands stock is in a buying range after clearing a 24.33 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
The retail restaurant group reported -39% earnings growth in the latest quarterly report, while sales growth came in at 4%. Keep an eye out for the company's next round of numbers on or around Feb. 16.
Bloomin' Brands stock holds the No. 17 rank among its peers in the Retail-Restaurants industry group. Restaurant Brands Intl and Texas Roadhouse are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
