When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Coupang just cleared that benchmark with an upgrade from 71 to 81.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating of at least 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 form a base and break out.
Coupang reported -50% earnings growth last quarter. Revenue rose 21%.
The company earns the No. 14 rank among its peers in the Retail-Internet industry group. Sea ADR, Liquidity Services and PDD Holdings ADR are among the top 5 highly rated stocks 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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