When building your watch list, look for stocks with an 80 or higher RS Rating. Hayward Holdings stock now meets that criteria, with a jump from 69 to 80 Wednesday. The pool equipment and automated systems company posted Q3 results, beating analysts estimates and raising full year guidance.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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Is Hayward Holdings Stock A Buy?
Hayward Holdings stock is still within a buy zone after clearing a 16.04 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
The pool and outdoor living tech company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 11% to 22%. Revenue rose from 0% to 3%.
Hayward Holdings stock earns the No. 2 rank among its peers in the Retail-Leisure Products industry group. Build-A-Bear Workshop is the top-ranked stock within the group.
