The IBD SmartSelect Composite Rating for Funko increased from 94 to 96 Friday.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher rating 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.
Funko is currently not in a proper buy zone. It has been mostly flat since late last year. It is trading above most moving averages, so might be worth adding to a watchlist. Look for a pattern to form that would offer a clear entry point.
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Earnings News
The stock sports an 89 EPS Rating, meaning its recent quarterly and annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company posted 42% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Revenue growth climbed 63%, up from 48% in the prior report. The company has now posted rising growth in each of the last two reports.
Funko earns the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group. Mattel and Jakks Pacific are also among the group's highest-rated stocks.
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