China-based Futu Holdings ADR stock saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 97. The online brokerage platform stock has Relative Strength Rating of 93.
The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. The best 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.
Futu Holdings ADR stock is currently forming a cup without handle, with a 57.86 entry. See if the stock can break out in heavy trade at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
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The financial stock sports an 89 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 89% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
Futu Holdings' Q2 EPS Swung Higher
The online brokerage firm posted 31% EPS growth for Q2. Sales growth increased 10%, up from -26% in the prior quarter. That marks one quarter of rising revenue growth. The company's next quarterly report is expected on or around Nov. 21.
Futu Holdings ADR stock holds the No. 4 rank among its peers in the Finance-Investment Banking/Brokers industry group. StoneX Group is the top-ranked stock within the group.
