When building your watch list, focus on stocks with an 80 or higher RS Rating. Public Svc Enterprise now meets that criteria, with an increase from 80 to 83 Friday.
This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal entry right now, see if it manages to form and break out of a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 6%, compared to -10% in the prior report. Revenue increased from 0% to 8%.
Public Svc Enterprise earns the No. 17 rank among its peers in the Utility-Diversified industry group. NiSource, Chesapeake Utilities and PG&E are among the top 5 highly rated stocks within the group.
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