The IBD SmartSelect Composite Rating for Etsy rose from 90 to 96 Tuesday. Additionally, the RS rating is currently 89, although the stock has struggled recently.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. 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.
Etsy broke out earlier, but has fallen back below the prior 137.01 entry from a cup with handle. If a stock you're watching breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout.
Looking For The Best Stocks To Buy And Watch? Start Here
The stock earns an 8o EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Earnings Update
The company reported a -6% increase in earnings for Q3. That means it's now generated two straight quarters of rising EPS gains. Sales growth climbed 12%, up from 11% in the prior quarter. The company has now posted rising growth in each of the last two reports. The company's next quarterly report is expected on or around Feb. 22.
Etsy earns the No. 3 rank among its peers in the Retail-Internet industry group. PDD Holdings ADR is the top-ranked stock within the group.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
