When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Federated Hermes is one stock that just reached the mark, now earning a score of 83.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs.
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Federated Hermes is building a consolidation with a 43.92 entry. See if it can clear the breakout price in heavy trading.
Earnings growth dropped last quarter from 23% to 8%, but sales rose from 1% to 8%. The next quarterly numbers are expected on or around Apr. 24.
The company holds the No. 12 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, P10 and Equitable Holdings 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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