The IBD SmartSelect Composite Rating for Brookfield Asset Mgmt rose from 93 to 97 Tuesday.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Brookfield Asset Mgmt is currently extended beyond a proper buy zone after clearing the 44.38 buy point in a flat base.
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The stock has an 81 EPS Rating, which means its recent quarterly and annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company reported 3% EPS growth. That means it's now delivered two straight quarters of rising EPS gains. Top line growth rose 25%, up from -7% in the prior report. That marks two quarters of increasing revenue gains.
Brookfield Asset Mgmt holds the No. 7 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly-rated stocks within the group.
