Banking

POSCO Joins Elite List Of Stocks With 95-Plus Composite Rating

On Monday, POSCO (PKX) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.




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The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

POSCO has now climbed above a proper buy zone after breaking out from a 67.49 entry in a cup without handle.


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The stock has an 82 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 82% of all stocks.

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

The company reported a 4,750% EPS gain for Q2. Revenue growth increased 41%, up from 19% in the prior quarter. The company has now posted rising growth in each of the last four reports.

POSCO earns the No. 7 rank among its peers in the Steel-Producers industry group. Nucor (NUE), Steel Dynamics (STLD) and Ternium (TX) are among the top 5 highly-rated stocks within the group.

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