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Is This Internet Pioneer Getting Ready To Party Like It's 1999?

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The IBD SmartSelect Composite Rating for Charles Schwab ( SCHW ), a pioneer of the online discount broker age industry back in the 1990s, increased from 94 to 96 Tuesday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move.

Charles Schwab is currently forming a flat base , with a 46.31 buy point. Look for the stock to break out in volume at least 40% higher than normal.

Schwab is about 14% below it's all-time high of 51.66 that it hit back in April 1999.

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The stock has a 96 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 96% of all stocks.

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

In Q3, the company reported 24% earnings-per-share growth. Revenue growth fell to 16%, down from 18% in the prior quarter.

Charles Schwab holds the No. 5 rank among its peers in the Finance-Investment Banking/Brokers industry group. Houlihan Lokey ( HLI ) is the No. 1-ranked stock within the group.

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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.

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