Top-ranked Hub Group provides services and goods to the keep the nation's truckers rolling. Like its name implies it distributes to a variety of sectors, or spokes on the wheel. If its stock price is any indication, it seems to be doing a good job of it. On Thursday, the Relative Strength (RS) Rating for Hub stock rose to a solid 85, up from 80.
Hub Stock Joins Exclusive Group
The upgraded 85 RS Rating puts Hub stock among the top 15% in performance over the past year. It's notable because market research reveals that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
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Hub stock popped 2.55% Thursday amid the market rally for the day, to above 72. While it's not currently an ideal time to buy shares, see if the stock goes on to form a base and break out.
Fundamentals Top Notch
While EPS growth fell in the company's most recently reported quarter from 406% to 288%, or $3.03, the top line grew 43%, up from 41% in the previous report, to $1.4 billion. Look for the next report on or around Oct. 28.
Hub stock earns the No. 1 rank among its peers in the Transportation-Logistics industry group.
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To find the best stocks to buy and watch, be sure to keep in mind its relative price strength.
This exclusive Relative Strength Rating from Investor's Business Daily measures 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.
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