The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market’s biggest winners often have a 95 or higher grade in the early stages of a new price run, so that’s a good starting point when looking for the best stocks to buy and watch.
Entegris broke out earlier, but is now trading around -5% below the prior 124.51 entry from a cup with handle. If a stock you’re tracking clears a buy point then falls 7% or more below the original entry price, it’s considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
The stock earns a 92 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 42% earnings-per-share growth. Top line growth rose 27%, up from 24% in the prior quarter. That marks two quarters of increasing revenue gains.
Entegris earns the No. 6 rank among its peers in the Electronics-Semiconductor Equipment industry group. Kulicke & Soffa Industries (KLIC), ASML Hldgs (ASML) and Nova Ltd (NVMI) are among the top 5 highly-rated stocks within the group.
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