Dell Technologies (DVMT) saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before.
The new score means 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 launch a significant move.
Dell Technologies is currently forming a flat base, with a 65.88 buy point. Look for the stock to break out in volume at least 40% higher than normal.
The stock has an 80 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company, which made a huge run during the dotcom days of the 1990s and re-emerged on the public markets with a 2016 IPO, has delivered triple-digit EPS growth in three of the last four quarters. Revenue growth for Q4 climbed 58%, up from 28% in the prior report. The company has now posted increasing revenue gains in each of the last five reports.
Dell Technologies earns the No. 2 rank among its peers in the Computer-Hardware/Peripherals industry group. Kornit Digital (KRNT) is the No. 1-ranked stock within the group.
Previously Posted on Investors.com