The IBD SmartSelect Composite Rating for TechnipFMC increased from 94 to 96 Tuesday.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
TechnipFMC is currently forming a flat base, with a 32.64 entry. See if the stock can break out in heavy trade at least 40% above average.
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The stock earns 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 C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company reported 205% earnings growth. Top line growth fell to 14%, down from 18% in the prior quarter.
TechnipFMC holds the No. 4 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Chart Industries is the No. 1-ranked stock within the group.