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Before a volatile July, Nvidia (NVDA) earned “perfect” status on this screen, highlighting companies with the highest possible 99 Composite Rating. But following the artificial intelligence juggernaut’s long-awaited earnings report, Nvidia stock has seen its rating drop to 96, while holding support at the 10-week moving average.
Meanwhile, 18 stocks, including miners Alamos Gold (AGI), Eldorado gold (EGO), I am gold (IAG) And Idaho Strategic Resources (IDR), all gold in color with a Composite Rating of 99. Agnico-Eagle Mines (AEM), Nieuwmont (NEM), Silvercorp Metals (SVM) And Harmony gold mining (HMJ) have also worked their way onto that list.
They are joined by defense stocks Howmet Aviation (HWM) And Heico (HEY).
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Miners and gold stocks lead the top stocks in top groups
All names on this stock screen come from the highest-ranked industry groups – a factor worth noting because winning stocks typically come from the highest-ranked groups among the 197 industries IBD tracks. This screen highlights the Top 20 industries.
For example, driven by gold prices, the Mining-Gold/Silver/Gems group ranks a lofty No. 7 among IBD’s 197 track groups, according to Market wave.
Stock Screener highlights the top-rated industry leaders
| Company | Symbol | Comp rating | Ind group rank | EPS rating | RS rating | SMR assessment | A/D rating |
|---|---|---|---|---|---|---|---|
| Agnico-Eagle Mines | AEM | 99 | 7 | 97 | 95 | b | B+ |
| Alamos Gold | AGI | 99 | 7 | 93 | 92 | A | B+ |
| Bank7 | BSVN | 99 | 15 | 93 | 95 | A | b |
| Eldorado gold | EGO | 99 | 7 | 87 | 93 | b | A- |
| First bank (NJ) | FRBA | 99 | 9 | 93 | 88 | A | A- |
| GE Aviation | GE | 99 | 18 | 84 | 95 | b | B- |
| Heico Corp | HEY | 99 | 18 | 91 | 92 | A | A |
| Heico Cl A | HEIA | 99 | 18 | 91 | 90 | A | A- |
| Harmony gold mining | HMJ | 99 | 7 | 99 | 97 | A | D+ |
| Howmet Aviation | HWM | 99 | 18 | 93 | 96 | A | b |
| I am Gold | IAG | 99 | 7 | 81 | 97 | b | B+ |
| Idaho Strategic Resources | IDR | 99 | 7 | 81 | 97 | b | A- |
| M-tron Industries | MPTI | 99 | 18 | 99 | 81 | A | C+ |
| Nieuwmont | NEM | 99 | 7 | 88 | 93 | b | b |
| Pennant | PNTG | 99 | 2 | 87 | 98 | A | B+ |
| Silvercorp Metals | SVM | 99 | 7 | 85 | 91 | b | B+ |
| Third Coast Bank Stocks | TCBX | 99 | 15 | 94 | 92 | A | A- |
| Universal health | UHS | 99 | 10 | 91 | 95 | b | B+ |
Data as of August 30
Miners are among the best stocks to watch
To create this screen of top stocks to watch in the highest-ranked sectors, each company must meet the following criteria:
However, ratings are obviously only part of the equation when evaluating a stock. Make sure you always check the stock chart to determine when to buy, sell or hold.
Stock Screener: Build your watchlist with stock ratings and stock lists
Run inventory screens with the IBD stock screener or Market wave is an effective way to streamline your research to find the top-rated stocks to watch.
You can also look for the best stocks to watch using IBD stock lists based on a wide range of preset filters. You will find the highest rated stocks that meet the criteria of the IBD50, IBD Industry Leaders, IBD Bigcap 20, IPO leaders and more.
Once you’ve compiled potential stock picks for your watchlist, you’ll want to evaluate your ideas IBD inventory check. With pass, neutral, or fail ratings for each of your stocks, IBD Stock Checkup provides a detailed overview of both the fundamental and technical health of the companies on your watchlist.
Additionally, the composite rating, based on the IBD methodology, provides an overall score that takes into account each of the IBD assessments. The single score looks at how a company and its shares perform in terms of annual and quarterly earnings growth and its relative strength against the rest of the market. The score also takes into account turnover, profit margins and institutional demand.
However, keep in mind that you shouldn’t buy a stock based solely on its ratings or placement on one of the IBD stock lists. No matter how compelling a company’s story may seem, smart investors will always check the technical action on the stock chart before buying.
Check the chart to know When To buy Nvidia, Arm and others
Using stock lists can help you find the best stocks to watch. Stock ratings look under the hood to diagnose a company and the fundamental and technical health of its stock. Both stock lists and stock ratings will help you understand this What buy. But to fully understand it when To buy shares, look at the stock chart.
Meanwhile, it is also crucial to understand what kind of environment you are currently in. Is it a bull market, when most stocks rise? Or a bear market, when most stocks fall? Or is it a volatile, choppy and uncertain time where market indices tend not to make sustainable progress?
Use stock charts to evaluate both market indices and individual stocks. Charts help you determine the best time to buy stocks by identifying support and resistance, as well as buy points and buy zones. Using charts also helps you identify warning signs and when to sell stocks.
So always check the charts when looking for potential stock picks and stocks to watch. They provide the most unbiased diagnosis of a stock’s health.
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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