Road trip! That's an increasingly popular phrase now, as Covid fades and travel channels open up. It's no surprise that on Tuesday top-ranked Winnebago Industries got an upgrade for its IBD SmartSelect Composite Rating from 93 to an outstanding 96. Still, Winnebago stock fell Tuesday amid yet another market rout.
The new 96 Composite is a sign Winnebago stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
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Winnebago Stock's Other Key Ratings Shine
Additionally, shares of Forest City, Iowa-based Winnebago earns a 97 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
And Winnebago stock's B Accumulation/Distribution Rating shows moderately heavy buying by institutional investors over the last 13 weeks.
Watchlist candidate Winnebago stock rose 55% from an intraday low 44 on June 16 to 68.22 on Aug. 19. Winnebago has consolidated since then in sync with the market retreat and is not currently near a proper entry. Look for Winnebago stock to form and break out of a new chart pattern.
Profit Popped 84% Last Quarter
The RV maker reported an 84% surge in earnings for Q3 to $4.13 per share. Revenue grew 52% in the quarter, to $1.46 billion, up from 39% growth in the prior quarter. The prior three quarters Winnebago's profit popped 77%, 97% and 48%.
Winnebago Industries stock earns the No. 1 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. LCI Industries and Skyline are also among the group's highest-rated stocks.
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