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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.




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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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