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Top-Rated Stocks: Envestnet Sees Composite Rating Climb To 96

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On Tuesday, Envestnet ( ENV ) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.

[ibd-display-video id=2102289 width=50 float=left autostart=true] The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Envestnet is currently forming a cup with handle , with a 53.35 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 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 97% 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 32% earnings-per-share growth. Top line growth was flat, matching the prior quarter's 18%.

Envestnet earns the No. 4 rank among its peers in the Financial Services-Specialty industry group. CBOE ( CBOE ) is the top-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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