When building your watch list, look for stocks with an 80 or higher RS Rating. Loar Holdings now meets that criteria, with an increase from 79 to 87 Tuesday.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Loar Holdings is not currently near a potential buy zone. See if the stock goes on to form a chart pattern that could launch a new move.
While EPS growth dropped last quarter from 400% to 0%, revenue grew 28%, up from 25% in the previous report.
The company holds the No. 18 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Heico and Astronics are among the top 5 highly rated stocks within the group.
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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