Globalfoundries saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Globalfoundries stock was out of buy range after clearing the 73.35 buy point in a consolidation, as of this writing. It has started to pull back with today's market swings.
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One weak spot is the company's 71 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 119% increase in earnings for Q4. That marks four straight reports with rising EPS performance. Sales growth climbed 74%, up from 56% in the prior quarter. The company has now posted rising growth in each of the last four reports. The company's next quarterly report is expected on or around Jan. 1.
Globalfoundries earns the No. 2 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. ON Semiconductor is the No. 1-ranked stock within the group.
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