When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Primoris Services now meets that criteria, with a jump from 80 to 84 Tuesday.
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
Earnings grew 33% last quarter, up from 20% in the prior report. Revenue also increased, from 8% to 15%.
Primoris Services earns the No. 5 rank among its peers in the Building-Heavy Construction industry group. Argan is the No. 1-ranked stock 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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