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.

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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.


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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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