Frontdoor saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Frontdoor is currently extended beyond a proper buy zone after clearing the 37.77 entry in a flat base.
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The stock has a 91 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 91% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company posted 47% earnings growth. Sales growth came in at 3%, down from 4% in the prior quarter.
Frontdoor holds the No. 3 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group is the top-ranked stock within the group.
