On Friday, LendingTree got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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 grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
LendingTree is not currently near a proper buy zone. See if the stock goes on to form a new base and offer a new buying opportunity.
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One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% 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.
The company posted 314% EPS growth for Q4. That means it's now generated two straight quarters of rising EPS gains. Revenue growth climbed 95%, up from 68% in the prior quarter. That marks five consecutive reports with rising growth.
LendingTree holds the No. 1 rank among its peers in the Finance-Mortgage & Related Services industry group. Rocket Cos. and Finance of America 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.
