When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Avnet stock, which had its Relative Strength (RS) Rating upgraded from 67 to 84 Friday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of over 80 as they begin their biggest price moves.
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Is Avnet Stock A Buy?
Avnet stock is trying to complete a cup without handle with a 51.00 buy point. See if it can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The electronic components company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -7% to 0%. Revenue rose from 0% to 3%.
Avnet stock earns the No. 8 rank among its peers in the Electronics-Parts industry group. Transcat and Park Aerospace are also among the group's highest-rated stocks.
