The IBD SmartSelect Composite Rating for Cboe Global Markets increased from 93 to 96 Thursday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best 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.
Cboe Global Markets is not currently near a proper buy zone. See if the stock goes on to form a new base and offer a new buying opportunity.
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The stock has an 89 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 89% 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 8% earnings growth. Sales growth increased 16%, up from 7% in the prior quarter. The company has now posted accelerating growth in each of the last four reports.
Cboe Global Markets earns the No. 10 rank among its peers in the Financial Services-Specialty industry group. CME Group Cl A, Exodus Movement and Marex Group are among the top 5 highly-rated stocks within the group.