On Thursday, SharkNinja got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
SharkNinja has now climbed above a proper buy zone after clearing the 80.81 buy point in a cup without handle.
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The stock has a 93 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 27% earnings-per-share growth. Sales growth rose 33%, up from 31% in the prior report. That marks four consecutive reports with rising growth.
SharkNinja holds the No. 1 rank among its peers in the Household-Appliances/Hardware industry group. Newell Brands and Middleby are also among the group's highest-rated stocks.
