Willis Lease Finance saw its IBD SmartSelect Composite Rating rise to 97 Thursday, up from 94 the day before.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. 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.
Willis Lease Finance is now out of buy range after breaking out from a 67.50 entry in a flat base. 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 79 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 D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q3, the company posted 58% earnings-per-share growth. Revenue growth fell to 38%, down from 39% in the prior quarter. The company's next quarterly report is expected on or around Mar. 10.
Willis Lease Finance earns the No. 1 rank among its peers in the Commercial Services-Leasing industry group. GATX and McGrath RentCorp 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.
