Personal Finance

Stock Screener For Top Stocks To Buy And Watch

The artificial intelligence boom has propelled cybersecurity leaders CrowdStrike (CRWD), Palo Alto Networks (PANW), Zscaler (ZS) and Gen Digital (GEN) onto this list of 28 top-rated stocks to watch, as compiled by our stock screener. AI trends have also boosted Dropbox (DBX) and MongoDB (MDB) onto launchpads of their own.


Buoyed by AI with MongoDB Atlas and Dropbox Dash, MDB and DBX remain poised to pop as they enter new buy zones. Last month, MongoDB was featured as the IBD Stock Of The Day on Nov. 17.

With its OpenText AI Cloud platform, fellow database software firm OpenText (OTEX) also joins this stock screen as it builds on a new run.

Earlier this year, India-based MakeMyTrip (MMYT) planted its flag in the AI field, partnering with Microsoft (MSFT) to reshape the travel booking landscape with generative AI.

PANW stock, CRWD, ZS and GEN have already blasted beyond their buy zones.

All the names on this stock screen hail from today’s Top 20 industry groups — a factor worth noting since winning stocks tend to come from the top-ranked groups from the 197 industries IBD tracks.

Investors can use IBD Stock Checkup to track group rankings and ratings for each of these stocks to watch as we head into 2024.

Each company on this stock screen is also outpacing at least 95% of all stocks in terms of key stock-picking factors.

Use This Stock Screener To Build Custom Filters And Watchlists

Education Stocks, Fashion Plays Also In Demand

Trendsetters like Lululemon Athletica (LULU), Burlington Stores (BURL) and Ross Stores (ROST) have also fashioned a spot on this screen. ROST and LULU stock are now extended beyond their latest buy zones. BURL has soared to retake its 200-day moving average as its 50-day line begins to climb back above its 200-day benchmark, a sign of rebounding technical strength.

Education stock Stride (LRN) has learned how to impress Wall Street with a strong breakout and is now extended.

Stock Screener Highlights Top-Rated Industry Leaders

Company Symbol Comp Rating EPS Rating RS Rating SMR Rating A/D Rating
Amphastar Pharmaceuticals AMPH 99 99 94 A B
CrowdStrike CRWD 99 99 97 A A
FEMSA FMX 99 82 89 B B+
Intuit INTU 99 98 91 A B-
Stride LRN 99 99 94 B A
Lululemon Athletica LULU 99 98 93 A B+
MongoDB MDB 99 83 95 B B
MakeMyTrip MMYT 99 81 95 B B+
Open Text OTEX 99 89 81 A B
Palo Alto Networks PANW 99 98 94 A B+
Wintrust Financial WTFC 99 93 84 A A-
Zscaler ZS 99 99 97 A A
Dropbox DBX 98 99 84 A B+
Gen Digital GEN 98 85 84 A A
Ross Stores ROST 98 86 84 A B
Burlington Stores BURL 97 81 82 A A-
Catalyst Pharmaceuticals CPRX 97 99 81 A B
Neurocrine Biosciences NBIX 97 95 82 A B+
Trex TREX 97 90 95 B A
First Commonwealth Financial FCF 96 86 84 A B+
PGT Innovations PGTI 96 86 96 B A+
Armstrong World Industries AWI 95 83 92 A A+
Core & Main CNM 95 84 96 B B+
East West Bancorp EWBC 95 86 88 A B+
Griffon GFF 95 92 96 B A
Owens Corning OC 95 94 89 B A-
Tecnoglass TGLS 95 92 85 A B
Vertex Pharmaceuticals VRTX 95 89 83 A B-
Data as of Dec. 27, 2023

PANW, CRWD Stock Among Best Stocks To Watch

To make this screen of top stocks to watch in the top-ranked industries, each company must meet the following criteria:

Ratings, of course, are just one part of the equation when evaluating a stock. Be sure to always check the stock chart to gauge when to buy, sell or hold.

Scan the list below and click the symbols to check the stock chart for any bases and buy zones.

Stock Screener: Build Your Watchlist With Stock Ratings And Stock Lists

Running stock screens with the IBD Stock Screener or MarketSmith is an effective way to streamline your research to find top-rated stocks to watch like Microsoft.

You can also zero in on the best stocks to watch using IBD stocks lists based on a wide range of preset filters. You’ll find top-rated stocks meeting the criteria of the IBD 50, IBD Sector Leaders, IBD Big Cap 20, IPO Leaders and more.

Once you’ve put together potential stock picks for your watchlist, you’ll want to evaluate your ideas with IBD Stock Checkup. With pass, neutral or fail ratings for each of your stocks, IBD Stock Checkup provides a detailed look at both the fundamental and technical health of the companies on your watchlist.

Additionally, based on the CAN SLIM system, the Composite Rating provides an overall score that takes into account each of the IBD ratings. The single score considers how a company and its stock are performing in terms of annual and quarterly earnings growth as well as its relative strength vs. the rest of the market. The score also accounts for sales, profit margins and institutional demand.

But note that you should not buy a stock solely on its ratings or placement on one of IBD’s stock lists. No matter how compelling a company’s story may seem, savvy investors will always check the technical action in the stock chart before buying.

Check The Chart To Know When To Buy MSFT Stock And Others

Using stock lists helps you zero in on the best stocks to watch. Stock ratings look under the hood to diagnose a company and its stock’s fundamental and technical health. Both stock lists and stock ratings help you understand what to buy. But to fully understand when to buy stocks, take a look at the stock chart.

It’s also critical to understand what type of environment you’re currently in. Is it a bull market, when most stocks go up? Or a bear market, when most stocks go down? Or is it a volatile, choppy and uncertain time when the market indexes tend to fail to make any sustained headway?

Use stock charts to evaluate both the market indexes and individual stocks. Charts will help you pinpoint 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 when searching for potential stock picks and stocks to watch, always check the charts. They provide the most unbiased diagnosis of a stock’s health.

Follow Matthew Galgani on Twitter at @IBD_MGalgani.


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