Mueller Industries Sees Its Composite Rating Rise To 96

Mueller Industries (MLI) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.


The upgrade means the stock is now outperforming 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 an important benchmark to look for when looking for the best stocks to buy and watch.

Mueller Industries is currently forming a consolidation, with a 48.16 entry. See if the stock can break out in heavy trade at least 40% higher than normal. Understand that it is a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to large daily or weekly fluctuations since it takes fewer shares bought or sold to move the share price.

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The stock has a 93 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 93% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

The company posted a 284% EPS gain for Q2. That marks two straight reports with rising EPS performance. Revenue growth increased 102%, up from 36% in the prior quarter. The company has now posted accelerating growth in each of the last four quarters. The company’s next quarterly report is expected on or around Oct. 20.

Mueller Industries earns the No. 1 rank among its peers in the Metal-Fabricators industry group. Commercial Metals (CMC) and Schnitzer Steel Industries (SCHN) are also among the group’s highest-rated stocks.


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