Pinterest stock saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 88 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical 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 item to have on your checklist when looking for the best stocks to buy and watch.
Pinterest stock is not currently near a proper buy point. 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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The stock earns a 90 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Pinterest Earnings
The social media content company reported a 6% increase in earnings for Q4. Top line growth was flat, matching the prior report's 18%.
Pinterest stock earns the No. 5 rank among its peers in the Internet-Content industry group. Meta Platforms is the top-ranked stock within the group.
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