Amkor Technology Stock Joins Elite List Of Stocks With 95-Plus Composite Rating

On Thursday, Amkor Technology (AMKR) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The chipmaker has 91 Relative Strength Rating.


The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Amkor Technology stock is currently about 2% above a 24.09 entry from a cup with handle pattern, which is still in the buy zone. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”


Looking For Winning Stocks? This 3-Step Routine


The stock has a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The chipmaker reported a 122% earnings-per-share gain for Q2. That marks two straight reports with rising EPS gains. Top line growth rose 20%, up from 15% in the prior report. That marks one quarter of accelerating revenue increases.

Amkor Technology stock earns the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Chipmos Technologies (IMOS) and CTS (CTS) are also among the group’s highest-rated stocks. For more industry news, check out “Chip Stocks And Semiconductor Industry News.”


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