Discover Financial Services stock saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
The revised score means the stock currently tops 96% 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 a good starting point when looking for the best stocks to buy and watch.
Discover Financial Services stock is currently forming a flat base, with a 205.76 buy point. Look for the financial payment stock to break out in volume at least 40% above average.
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The stock has a 91 EPS Rating, which means its recent quarterly and annual earnings growth tops 91% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Discover Financial Services Earnings
In Q4, the digital banking and payment services company reported 252% EPS growth. Sales growth increased 14%, up from 10% in the prior quarter. That marks one quarter of increasing revenue gains.
Discover Financial Services stock holds the No. 7 rank among its peers in the Finance-Card/Payment Processing industry group. Mastercard, Paymentus Holdings and Visa Cl A are among the top 5 highly-rated stocks within the group.
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