When building your watch list, focus on stocks with an 80 or higher RS Rating. Enterprise Products is one stock that just reached the mark, now earning a score of 85.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
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While it's not currently an ideal time to buy shares, see if the stock is able to offer and clear an appropriate buy point. The most recent breakout failed and the stock is now fighting its way back above key moving averages. The industry group is in the top 10 or 197, a good sign.
Earnings Report
The company showed -6% earnings growth in its most recent report, while sales growth came in at 42%. Keep an eye out for the company's next round of numbers on or around Jul. 28.
Enterprise Products holds the No. 8 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Rattler Midstream and Flex Lng are also among the group's highest-rated stocks.
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