Pinterest saw another improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.
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.
Pinterest is currently forming a consolidation, with a 30.86 buy point. It has recently cleared most key moving averages, and as of this writing it has reached the 50-day. Will it clear or find resistance? That will help decide if the stock will reach the pivot and break out in above average trading volume.
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The stock has a 92 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 91% earnings growth. That means it's now delivered three straight quarters of rising EPS gains. Sales growth increased 6%, up from 5% in the prior report. That marks two consecutive reports with rising growth.
Pinterest earns the No. 5 rank among its peers in the Internet-Content industry group. Alphabet is the top-ranked stock within the group.
