Block saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Block is now out of buy range after breaking out from a 75.00 buy point in a cup with handle.
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The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 76% earnings growth. Revenue growth came in at 6%, down from 11% in the prior quarter.
Block earns the No. 3 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments is the top-ranked stock within the group.
