Restaurant Brands Intl saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
The new score means 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 rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Restaurant Brands Intl is now out of buy range after breaking out from a 61.89 buy point in a cup without handle. Perhaps a dip to the 21-day line might offer a chance for a follow-on buy for those already in the stock. A new buy at this stage might be a little risky.
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Earnings Update
One weak spot is the company's 79 EPS Rating, which tracks quarterly and annual earnings 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 A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q3, the company reported 26% earnings-per-share growth. Revenue growth climbed 15%, up from 14% in the prior quarter. That marks one quarter of accelerating revenue increases.
Restaurant Brands Intl earns the No. 2 rank among its peers in the Retail-Restaurants industry group. is the No. 1-ranked stock within the group.
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