Mini-marts are doing brisk business as Covid restrictions unwind and travel gradually resumes. Among the top-rated and best stocks to buy and watch in that group is Casey's General Stores. On Tuesday, the Relative Strength (RS) Rating for Casey's stock passed a milestone as it got an upgrade to an 81 rating, up from 78 the day before. Its other ratings are outstanding.
Market research shows that top-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. Casey's stock bullishly just climbed into that top-tier group.
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IBD Key Ratings For Casey's Stock
Among its other ratings Casey's stock Composite Rating is an outstanding and near-best 97, of a best-possible 99. The IBD Composite Rating helps investors easily measure the quality of a stock's fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.
It also has a 96 EPS Rating, putting it in the top 4% of companies for recent quarters and years profit growth. And its B Accumulation/Distribution Rating, on an A+ to E scale with A+ tops, indicates moderately strong buying by big investors like ETFs and mutual funds.
Casey's stock rose above its 200-day line last week and briefly topped its 50-day Tuesday despite the down market. It closed down fractionally, in sync with market action, at 193.79. It's building a consolidation with a 229.28 entry. See if it can break out in volume at least 40% higher than normal.
Casey's General Stores posted 43% earnings growth in its most recent report, to $1.60 per share. That came on the heels of a 64% increase the prior quarter. Revenue last quarter surged 45% year over year to $3.46 billion. Additionally, Casey's stock is in the Retail-Super Mini-Markets group, which ranks a lofty No. 8 on IBD's list of 197 industry groups.
High Rank In A Top Group
Casey's stock earns the No. 3 rank among the 13 stocks in the group. Murphy USA and Ingel's Markets are also among the group's highest-rated stocks.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
The exclusive Relative Strength Rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
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