When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Airbnb Inc Cl A now meets that criteria, with an increase from 80 to 84 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best stocks often have an RS Rating north of 80 as they begin their biggest runs.
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Airbnb stock, which is also on the IPO Leaders screen, is building a cup without handle with a 212.68 entry. See if it can break out in volume at least 40% above average. IBD Live subscribers have been hearing about this one recently, as the panelists have gone over the chart in great detail.
Earnings growth declined last quarter from 239% to 101%. But revenue moved higher, from 67% to 78%. This is likely one to play as travel opens up, as well as the new work-from-home environment. Home can be anywhere.
The company holds the No. 3 rank among its peers in the Leisure-Travel Booking industry group. Booking is also among the group's highest-rated stocks.
