The IBD SmartSelect Composite Rating for Cboe Global Markets rose from 94 to 96 Friday.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Cboe Global Markets broke out earlier, but has fallen back below the prior 216.82 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point.
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One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 2% earnings growth for Q4. Revenue growth came in at 14%, down from 16% in the previous quarter.
Cboe Global Markets holds the No. 9 rank among its peers in the Financial Services-Specialty industry group. Tiptree, X Financial ADR and Marex Group 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.
