Lincoln National stock saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Lincoln National broke out earlier, but is now trading about -3% below the 36.98 buy point from a cup without handle. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
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One weak spot is the company's 76 EPS Rating, which tracks quarterly and annual earnings-per-share 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 B shows moderate buying by institutional investors over the last 13 weeks.
Lincoln National Earnings
In Q4, the life insurance company posted 30% earnings-per-share growth. Sales growth climbed 623%, up from -2% in the prior report. That marks one quarter of accelerating revenue growth.
Lincoln National stock holds the No. 1 rank among its peers in the Insurance-Life industry group. Primerica and Globe Life are also among the group's highest-rated stocks.
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