Tootsie Roll Industries (TR) saw its IBD SmartSelect composite rating rise to 96 on Tuesday, from 94 the previous day.
The new score tells you that the company now outperforms 96% of all stocks in terms of the most important fundamental and technical stock picking criteria. Top performing stocks tend to have a rating of 95 or higher when they start a big move, so be sure to keep that in mind when looking for the best stocks to buy and watch.
Tootsie Roll Industries currently forms a mug with handle, with a 36.18 entry. See if the stock can break out in intense trade at least 40% above the average. Understand that this is a thinly traded stock, with an average daily dollar volume of less than $8 million. These stocks may experience more volatility than those that are more liquid.
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The stock has an EPS rating of 81, meaning its recent quarterly and annual earnings growth exceeds 81% of all stocks.
Its accumulation/distribution rating of B shows moderate buying by institutional investors over the past 13 weeks.
The company posted a 13% gain in earnings per share for the first quarter. Revenue growth increased to 37% from 30% in the prior quarter. This marks two quarters of rising growth. The company’s next quarterly report is due on or around July 21.
Tootsie Roll Industries ranks 2nd among its peers in the food-confectionery industry group. Hershey (HSY) is the highest ranked stock within the group.
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