On Monday, AXIS Capital Holdings got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
AXIS Capital Holdings is currently extended beyond a proper buy zone after clearing the 74.05 buy point in a flat base.
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The stock has a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 16% EPS gain for Q3. Top line growth increased 12%, up from 5% in the prior report. That marks one quarter of accelerating revenue gains.
AXIS Capital Holdings holds the No. 2 rank among its peers in the Insurance-Property/Casualty/Title industry group. Allstate is the No. 1-ranked stock within the group.
