The IBD SmartSelect Composite Rating for Climb Global Solutions increased from 94 to 97 Tuesday.
The upgrade means the stock is now outperforming 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 an important benchmark to look for when looking for the best stocks to buy and watch.
Climb Global Solutions is now out of buy range after clearing the 73.25 buy point in a cup without handle. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
Discover The 3 Keys To Successful Stock Investing
The stock has a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 177% earnings growth for Q3. That means it's now posted two straight quarters of rising EPS growth. Top line growth climbed 52%, up from 13% in the prior quarter. That marks two consecutive reports with increasing revenue gains.
Climb Global Solutions earns the No. 1 rank among its peers in the Wholesale-Electronics industry group. TD SYNNEX and PC Connection are also among the group's highest-rated stocks.
