The IBD SmartSelect Composite Rating for DXP Enterprises increased from 94 to 96 Wednesday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
DXP Enterprises is now out of buy range after clearing the 57.38 buy point in a consolidation.
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The stock sports a 96 EPS Rating, which means its recent quarterly and annual earnings growth tops 96% 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.
The company reported a 23% increase in earnings for Q4. Revenue growth climbed 16%, up from 13% in the prior report. The company has now posted accelerating growth in each of the last three reports.
DXP Enterprises earns the No. 3 rank among its peers in the Machinery-General Industrial industry group. Energy Recovery is the No. 1-ranked stock within the group.
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