When putting together your watch list, look for stocks with an 80 or higher RS Rating. DNOW just cleared that benchmark with an upgrade from 72 to 84.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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DNOW is building a cup with handle with a 15.42 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company showed -16% EPS growth in the latest quarterly report. Sales rose 3%. The next quarterly numbers are expected on or around Feb. 13.
DNOW earns the No. 11 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Archrock, Chart Industries and Natural Gas Services are among the top 5 highly rated stocks within the group.
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