It should be no surprise that S&P Global is thriving. After all, the purveyor of business information has its finger on the market pulse 24 hours a day. On Thursday, the Relative Strength (RS) Rating for S&P Global stock climbed to 71, up from 66. It's a welcome improvement but doesn't reflect the true strength of the stock.
S&P Global Stock Near Growth Benchmark
The upgraded 71 RS Rating means New York-based S&P Global stock is outperforming 7 out of 10 stocks when it comes to price performance. The market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. S&P Global is within view of that goal but has a ways to go.
Among its other key ratings, S&P Global has an 87 Earnings Per Share Rating, out of 99. Similarly, its 87 Composite Rating, an amalgam of IBD's five other major ratings, puts it in the top 13% of stocks overall. The B- Accumulation/Distribution Rating, on an A+ to E scale, shows that insurance funds, ETFs and the like are buying its shares. One outstanding metric is its A SMR Rating (sales + profit margins + return on equity), which points to strong fundamentals.
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The business information company publishes benchmarks, ratings and analytics for global markets. Last month it expanded its footprint, buying Asia Pacific, a transcript database, from Scripts Asia. The companies didn't disclose terms of the deal.
S&P Global stock is building a cup with handle with a 365.63 buy point. See if it can clear the breakout price in heavy trading. Its stock dropped to an intraday low 279.32 in mid-October as the market bottomed. It traded at about 359 Thursday afternoon, down fractionally for the day and up about 3o% since October.
Sales Growth Its Strong Suit
The company reported 9% first quarter earnings growth on April 27, to $3.15 per share. After weak earnings the first half of last year, it returned to growth in the second half. Its Q4 2022 EPS climbed 19%. Its strong suit recently has been sales though. It reported a 32% surge in revenue in Q1, to $3.16 billion. The prior three stanzas its revenue grew 42%, 37% and then 41%.
S&P Global stock earns the No. 3 rank among its peers in the Commercial Services-Market Research industry group. Verisk Analytics and Thomson Reuters are also among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database
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