In a bullish sign for the economy, industrial supplies distributor Wesco International has been putting up strong profit and sales numbers. And on Wednesday, Wesco stock's Relative Strength (RS) Rating climbed to 75, putting it in the top 25% of all stocks on pricing strength.
Market history 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. See if Wesco International can continue to rebound and hit that benchmark.
Wesco Stock's Other Ratings Among Best In Class
Wesco distributes supplies for industrial, electrical, construction, maintenance and repair markets. Its strong sales and profit growth indicates demand among the various industries remains robust.
Looking For The Best Stocks To Buy And Watch? Start Here
Among its other key ratings, Pittsburgh-based Wesco International boasts a 97 EPS Rating, reflecting strong earnings growth in recent quarters and years. Its C Accumulation/Distribution Rating on an A+ to E scale means ETFs and other institutional investors are buying about as many shares of Wesco stock as they are selling. And Wesco stock's 94 Composite Rating shines.
The Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score. The best growth stocks have a Composite Rating of 90 or better.
Earnings Growth Robust
Last quarter Wesco reported a 154% surge in earnings to $3.63 per share. The prior three stanzas its EPS grew 98%, 65% and then 160%. Revenue in its most recent quarter rose 22% year over year to $4.93 billion, continuing a string of double-digit and in one recent quarter triple-digit growth. Wesco will hold a conference call on the morning of Aug. 4 to discuss its latest quarterly financial results.
Wesco stock is trying to complete a consolidation with a 144.53 entry. See if it can break out in volume at least 40% above average.
Wesco stock holds the No. 2 rank among its peers in the Electronics-Parts industry group. Bel Fuse and Littelfuse 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 Relative Strength Rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
