On Thursday, the Relative Strength (RS) Rating for Teledyne Technologies (TDY), the No. 1 rated company in the Aerospace/Defense group, rose into a new percentile. It climbed to 72, up from 69. Teledyne stock eased less than 1% Thursday afternoon to 441.47 in sync with market consolidation.
Teledyne makes a wide variety of consumer, industrial and military products. Its products range from the power source and instruments on the Mars 2020 Perseverance rover exploring the red planet to tsunami warning systems, to drone and rocketry technology, among others.
Teledyne Stock Rising In Sync With Profit Growth
The 72 RS Rating means that Thousand Oaks, Calif.-based Teledyne stock is performing in the top 28% of all stocks, regardless of industry group. Market research shows that top growth stocks often have an RS Rating north of 80 as they begin their largest runs. See if Teledyne Technologies can continue to rebound and hit that benchmark.
For other key ratings, Teledyne stock has an 89 Composite Rating, on a 1-99 scale with 99 tops. IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. Teledyne stock is just shy of the 90 or better Composite Rating CAN SLIM investors like to see for stocks to buy or add to a watchlist.
Where Teledyne stands out is on profit growth. It carries a 96 EPS Rating, putting it in the top 4% of all companies for earnings growth.
In terms of top and bottom line numbers, Teledyne Technologies has posted rising EPS growth over the last four quarters. Sales growth has also moved higher over the same time frame. Last quarter, Teledyne reported a 114% year-over-year surge in EPS to $4.70 on 51% higher revenue to $1.12 billion.
Peers In Aerospace/Defense Group
While Teledyne stock is not near a proper entry right now, see if it manages to form and break out of a proper base, such as a three-weeks-tight, or rebounds off the 50-day or 10-week line.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.
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