Investors on the hunt for stocks to buy or watch should check out this IBD Screen Of The Day column, which focuses on a list of top ideas in the IBD Stock Screener.
XAll the lists in Stock Screener offer a look at leading growth stocks with bullish characteristics. Today we focus on Your Weekly Review, a list of companies with strong fundamental and technical ratings whose stocks are close to highs.
To make the Weekly Review list, stocks must have an Earnings Per Share Rating and a Relative Strength Rating of 85 and up. They also must be priced above 10 a share and trading within 15% of a 52-week high.
In addition, stocks on the list must trade at least 10,000 shares a day on average. This is why many thinly traded issues get airplay on Weekly Review but not in other key IBD screens.
IBD Stock Screener was launched in 2019 and is found in the Research section of Investors.com. It includes popular lists such as the IBD 50, Fastest Growing EPS and Top Stock Under $10. Access requires an IBD Digital subscription.
Stocks To Buy Or Watch
Here are several compelling stocks to buy or watch from today's screen:
Xpel (XPEL) is in potential buy range after bouncing off support at its 10-week moving average. Shares, up 10% this year, rallied 252% last year. The stock last cleared a first-stage base in November, so it could still have room to run. Leading stocks tend to make their biggest advance out of such early stage bases.
IBD Stock Checkup assigns Xpel a highest possible 99 Composite Rating, which gives investors a quick way to gauge a stock's key growth traits. That puts it at the top of the six-stock auto/truck replacement parts group. Xpel's Earnings Per Share Rating and Relative Strength Rating, part of the overall composite score, are 95 and 96 respectively.
The stock also has been inhabiting the IBD Sector Leaders stock list in recent months.
Boston Beer Breakout
Boston Beer (SAM) is still within the 5% chase zone from a 1,092.90 buy point cleared last week, according to MarketSmith chart analysis. The buy range tops out at 1,147.55. Lackluster volume may be a red flag. The strongest breakouts tend to occur in volume at least 40% higher than normal.
The maker of Samuel Adams beer earns a 95 Composite Rating, best in the 16-stock alcoholic beverages group. A 91 EPS Rating also leads the group. Analysts expect EPS to soar 149% to $2.64 on 50% higher sales to $453.2 million when Boston Beer reports Feb. 17 after the close.
Alarm.com (ALRM) is rebounding off support at its 10-week line. It's the first pullback since a breakout from a first-stage cup base late last year. That gives investors a chance to buy or add a smaller number of shares. Shares are up more than 30% from the 74.76 entry point in a cup-without-handle base built from July to October last year. So those who bought at the breakout could also lock in some gains.
The Tysons, Va.-based company provides cloud-based security systems and services for smart homes and businesses. Alarm.com's 94 Composite Rating is third best in the 41-stock specialty enterprise software group, which includes BlackLine (BL), RealPage (RP) and Atlassian (TEAM).
Follow Nancy Gondo on Twitter at @IBD_NGondo
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