3 High Piotroski Scorers Ready to Catapult to New Heights
The Piotroski Index evaluates a company's attractiveness based on nine key measures:
The evaluation assigns a score of 0 to 9, indicating the company's strength based on the points awarded.
Today's analysis will highlight three companies scoring a minimum of 8 under the Piotroski index.
Colgate-Palmolive (NYSE:CL), a leading global brand in household essentials, relies on robust marketing, sector leadership, and expansion into emerging markets.
Riding the broader market uptrend, the company's stock exhibits strong growth. Financially, it boasts a solid Piotroski score of 8, consistent quarterly net profit growth, and an impressive net margin surpassing sector averages at nearly 60%.
Source: InvestingPro
Currently, the stock has broken above historical highs and there's a good chance of the rally continuing with a target near $90.
Visa (NYSE:V) scores a high Piotroski score as well. The ongoing upward trend isn't just due to a general bull market but also stems from several positive fundamental indicators. A quick look shows a remarkable rise in net profit, a trend that has persisted for nearly the entire past decade.
Source: InvestingPro
The company consistently outperformed expectations in the last eight quarters, reporting higher net profit and revenue. The current quarter's sales are projected to reach 8.6 billion, indicating a 7.7% increase compared to the previous year.
The strong bull market has also boosted Walmart's (NYSE:WMT) stock price. Following the positive quarterly results released on February 20, the stock experienced a 2% growth on the publication day, reaching new all-time highs just above $60 per share.
We are currently seeing a local consolidation, and if the price breaks upward, the bullish
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