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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Federated Hermes Clears Technical Benchmark, Hitting 80-Plus RS Rating

When putting together your watch list, look for stocks with an 80 or higher RS Rating. Federated Hermes just cleared that benchmark with an upgrade from 76 to 81.

This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.

History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

While now is not an ideal time to jump in, see if the stock manages to form a base and break out.

Earnings grew 23% last quarter, up from 19% in the prior report. Revenue also increased, from -7% to 1%.

The company holds the No. 16 rank among its peers in the Finance-Investment Management industry group. KKR, WisdomTree and Blackstone are among the top 5 highly rated stocks within the group.

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