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Top-Rated Stocks: Skechers Sees Composite Rating Climb To 98


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The IBD SmartSelect Composite Rating for Skechers ( SKX ) rose from 94 to 98 Wednesday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Skechers is currently forming a cup with handle , with a 30.00 buy point. See if the stock can break out in heavy trade at least 40% above average.

See How IBD Helps You Make More Money In Stocks

The stock earns an 86 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 86% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q3, the company posted 40% earnings growth. Top line growth came in at 16%, down from 17% in the previous quarter.

Skechers holds the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Crocs ( CROX ) and Steven Madden ( SHOO ) are also among the group's highest-rated stocks.

RELATED:

Which Companies Are Now Outperforming 95% Of All Stocks?



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: SKX , CROX , SHOO



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