MercadoLibre saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 97.
The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
MercadoLibre is currently forming a consolidation, with a 2,161.73 entry. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock earns a 97 EPS Rating, meaning its recent quarterly and annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 9% earnings-per-share gain for Q3. Sales growth fell to 35%, down from 42% in the previous quarter.
MercadoLibre holds the No. 1 rank among its peers in the Retail-Internet industry group. Fiverr International and Amazon.com are also among the group's highest-rated stocks.
