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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

Garmin Earns IBD Stock Rating Upgrade

Garmin saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 93 to 96.

The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Garmin broke out earlier, but has fallen back below the prior 219.00 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.

Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets

The stock has a 92 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 92% 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.

The company posted a 40% increase in earnings for Q4. Sales growth came in at 23%, down from 24% in the prior quarter.

Garmin earns the No. 1 rank among its peers in the Consumer Products-Electronics industry group. Turtle Beach and NextNav are also among the group's highest-rated stocks.

This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.

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