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The IBD SmartSelect Composite Rating for Garmin (GRMN) rose from 94 to 96 Tuesday. The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs. Garmin is trading within a buy range from a 242.47 entry from a cup with handle. The stock sports an 89 EPS Rating, which means its recent quarterly and annual earnings growth tops 89% of all stocks. Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks. In Q2, the company posted 37% earnings growth. Revenue growth increased 20%, up from 11% in the prior report. That marks one quarter of rising revenue increases. The company's next quarterly report is expected on or around Oct. 29. Garmin holds the No. 1 rank among its peers in the Consumer Products-Electronics industry group. Turtle Beach (TBCH) and Sonos (SONO) are also among the group's highest-rated stocks. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article. YOU MAY ALSO LIKE
