On Tuesday, LPL Financial Holdings stock earned an upgrade to its Relative Strength (RS) Rating, from 67 to 71. The wealth management firm named Rich Steinmeier as its new CEO, replacing fired former CEO Dan Arnold.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if LPL Financial Holdings stock can continue to show renewed price strength and clear that threshold.
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Is LPL Financial Holdings Stock A Buy?
LPL Financial Holdings stock is building a cup without handle with a 289.88 entry. See if the financial stock can clear the breakout price in volume at least 40% above average.
The San Diego, Calif.-based investment firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -6% to -2%. Revenue rose from 17% to 19%. The company is expected to report its latest performance numbers on or around Oct. 30.
LPL Financial Holdings stock earns the No. 12 rank among its peers in the Finance-Investment Banking/Brokers industry group. Houlihan Lokey Cl A, Robinhood Markets and Piper Sandler are among the top 5 highly rated stocks within the group.