Loews Corp had its Relative Strength (RS) Rating upgraded from 67 to 72 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Loews Corp can continue to show renewed price strength and clear that threshold.
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While Loews Corp is not near a proper buy zone right now, see if it is able to form and break out from a proper base.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 12% to 37%. Revenue rose from 8% to 14%.
Loews Corp earns the No. 7 rank among its peers in the Insurance-Diversified industry group. Palomar Holdings, Bowhead Specialty and Hamilton Insurance Cl B are among the top 5 highly rated stocks within the group.
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