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.
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