On Friday, Intuit got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Intuit broke out earlier, but is now trading around 1% below the prior 674.78 entry from a flat base. If a stock you're tracking clears a buy point then falls 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 base and buy point.
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The stock sports a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 21% earnings growth. Sales growth climbed 17%, up from 12% in the prior report. That marks two quarters of increasing revenue gains. The company's next quarterly report is expected on or around Nov. 21.
Intuit holds the No. 8 rank among its peers in the Computer Software-Financial industry group. Coinbase Global, Clearwater Analytics and Intapp are among the top 5 highly-rated stocks within the group.
