One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Pinterest stock now clears that threshold, with a jump from 74 to 83 Thursday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Pinterest Stock A Buy?
Pinterest stock is trying to complete a consolidation with a 29.27 entry. See if the stock can break out in heavy volume.
Top and bottom line growth moved higher last quarter. Earnings were up -20%, compared to -41% in the prior report. Revenue increased from 4% to 5%. The social media platform is expected to report its latest results on or around Jul. 27.
Pinterest stock earns the No. 19 rank among its peers in the Internet-Content industry group. LegalZoom.com and Weave Communications are also among the group's highest-rated stocks.
