When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Globalfoundries just met that criteria with a new score of 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves.
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While the stock is not near an ideal buy point right now, especially after the two big moves Friday and today. Let's see if it is able to form and break out of a proper consolidation. Keep in mind earnings are due in a week.
Earnings growth picked up last quarter from 0% to 275%. But revenue gains fell from 74% to 37%.
Globalfoundries holds the No. 15 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. ON Semiconductor and CTS are also among the group's highest-rated stocks.
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