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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Terex Stock Sees Its Composite Rating Rise To 98, With An RS Of 94

Terex saw its IBD SmartSelect Composite Rating jump to 98 Wednesday before the open, up from 93 the day before.

The upgrade means the stock is now outperforming 98% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.

Terex has now climbed above a proper buy zone after clearing the 58.85 entry in a cup with handle twice. After the first move up it gave it all back. Despite today's market action, the stock closed in the mid-range. So once again it is out of buying range. Look for another pullback that might offer a buying opportunity.

Looking For Winning Stocks? This 3-Step Routine

 

The stock earns an 85 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 85% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

TEX Earnings

The company just reported a 120% earnings gain for Q2. That means it's now delivered two straight quarters of rising EPS growth. Sales growth rose 30%, up from 23% in the prior report.

Terex earns the No. 2 rank among its peers in the Machinery-Construction/Mining industry group. Caterpillar is the No. 1-ranked stock within the group.

​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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