The IBD SmartSelect Composite Rating for Calavo Growers increased from 93 to 97 Monday.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Calavo Growers is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
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One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 0% earnings growth. Sales growth increased 21%, up from 20% in the prior quarter. The company has now posted rising growth in each of the last two quarters.
Calavo Growers holds the No. 1 rank among its peers in the Food-Miscellaneous Preparation industry group. Chefs' Warehouse and Fresh Del Monte Produce are also among the group's highest-rated stocks.
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