When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is talent and media agency Endeavor Group, which had its Relative Strength (RS) Rating upgraded from 80 to 83 Wednesday. While not in a buy range, watch to see if EDR stock goes on to build a base that could spark a new run.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
Endeavor Group represents owns the Ultimate Fighting Championship and Miss Universe pageant. It also reps individual artists in film, television, music, theater, digital media, and publishing, as well as the NFL and NHL. It is headed by CEO Ari Emanuel and executive chairman Patrick Whitesell.
See How IBD Helps You Make More Money In Stocks
Strong Earnings For EDR Stock
Endeavor Group reported 263% earnings growth in the latest quarterly report. Sales rose 18%.
EDR stock holds the No. 2 rank among its peers in the Leisure-Services industry group. Marriott Vacations World is also among the group's highest-rated stocks.
