On Friday, Sinclair Cl A got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Sinclair Cl A is currently forming a consolidation, with an 18.45 entry. Look for the stock to break out in volume at least 40% higher than normal. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity.
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The stock earns an 80 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted 0% EPS growth for Q4. Top line growth increased 22%, up from 20% in the prior report. That marks four quarters of rising growth.
Sinclair Cl A earns the No. 1 rank among its peers in the Media-Radio/TV industry group. TEGNA and Nexstar Media Cl A are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
