On Wednesday, Suncor Energy got an upgrade for its IBD SmartSelect Composite Rating from 92 to 96.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Suncor Energy is now out of buy range after breaking out from a 27.07 buy point in a consolidation pattern from earlier this year. As it clears key moving averages, watch for a new pattern to form which might offer a new buying opportunity.
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The stock has an 82 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 82% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
Earnings News
In Q2, the company reported 465% EPS growth. Revenue growth rose 78%, up from 55% in the prior quarter. That marks one quarter of increasing revenue increases.
Suncor Energy holds the No. 13 rank among its peers in the Oil & Gas-Integrated industry group. Equinor ASA Adr, Imperial Oil and Marathon Oil Corporation are among the top 5 highly-rated stocks within the group.
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