Nutrien stock saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
The upgrade means the stock currently tops 96% 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 an important benchmark to look for when looking for the best stocks to buy and watch.
Nutrien stock has been trading below its 50-day and 200-day moving average and is currently not in a buying range. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
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Nutrien Carries Top EPS Rating
The stock has a 99 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The fertilizer maker reported a 181% EPS gain for Q2. Sales growth fell to 49%, down from 64% in the previous quarter.
Nutrien stock earns the No. 3 rank among its peers in the Chemicals-Agriculture industry group. Sociedad Quimica Y Minra is the top-ranked stock within the group.
