Credit: Shutterstock photoApple ( AAPL ) saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 93 the day before.
[ibd-display-video id=2368044 width=50 float=left autostart=true] The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Apple is currently forming a flat base , with a 176.34 buy point. Look for the stock to break out in volume at least 40% higher than normal.
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The stock has a 90 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 24% EPS growth. It has now posted accelerating EPS increases for five consecutive quarters. Top line growth climbed 12%, up from 7% in the prior quarter. That marks five quarters of rising growth.
Apple holds the No. 1 rank among its peers in the Telecom-Consumer Products industry group. Motorola Solutions ( MSI ) and Tessco Technologies ( TESS ) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
