The Relative Strength (RS) Rating for NXP Semiconductors entered a higher percentile Friday, as it got a lift from 70 to 77.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the best-performing stocks often have an RS Rating of above 80 as they begin their largest climbs. See if NXP Semiconductors can continue to show renewed price strength and clear that threshold.
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While it's not currently an ideal time to jump in, see if the stock goes on to form a constructive pattern from which it might break out. Keep in mind that earnings will be released next week, scheduled for Monday. It is always an added risk around earnings.
Earnings News
The company reported 46% EPS growth in its most recent report, while sales growth came in at 20%. The next quarterly results are expected on or around Jan. 30.
NXP Semiconductors earns the No. 10 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Microchip Technology and Amkor Technology are also among the group's highest-rated stocks.
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