First Horizon Joins Rank Of Stocks With 95-Plus Composite Rating

First Horizon (FHN) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 89 the day before.


The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

First Horizon is currently forming a flat base, with an 18.52 entry. Look for the stock to break out in volume at least 40% above average.

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The stock sports an 86 EPS Rating, meaning its recent quarterly and annual earnings growth tops 86% 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 reported a 920% rise in earnings for Q1. That means it’s now posted two straight quarters of rising EPS gains. Revenue growth rose 53%, up from 47% in the prior report. That marks one quarter of increasing revenue gains.

First Horizon holds the No. 15 rank among its peers in the Banks-Southeast industry group. Blue Ridge Bankshares (BRBS), Origin Bancorp (OBNK) and Village Bank & Trust Financial (VBFC) are among the top 5 highly-rated stocks within the group.

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