On Thursday, Casey's General Stores got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important 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.
Casey's General Stores is now out of buy range after clearing the 224.00 entry in a cup without handle. It has fallen back in today's market, so keep a close watch for another buying opportunity such as a bounce off the 10-day MA, for example.
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Earnings Update
The stock earns a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 28% earnings growth. Top line growth fell to 40%, down from 45% in the previous quarter. The company's next quarterly report is expected on or around Dec. 6.
Casey's General Stores holds the No. 2 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA is the top-ranked stock within the group.
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