There’s More Upside Ahead for These 2 Top Score Stocks

The markets might have kicked off the year in a generally upbeat mood, but they have been zigzagging recently, making it even harder to know what direction stocks are heading in next.

That makes stock picking even more difficult than usual but there’s a tool that could come in handy here. The TipRanks Smart Score algorithm collects all the data required for stock picking purposes and sorts it out according to 8 factors – all known to correspond with future outperformance. Then those elements get boiled down to a single score between 1 and 10, with 10 naturally representing a stock that ticks all the right boxes and expected to push ahead from here.

Using the Smart Score tool, we’ve looked up two stocks that are currently displaying the Perfect 10 score. Both have already amassed some serious gains over the past few months but the Street’s analysts figure these Strong Buy stocks have more upside in store. Let’s see why.

Deckers Outdoor (DECK)

First up on our Perfect 10 list, Decker Outdoor, a global footwear company boasting a portfolio of leading brands; these include UGG, which sells premium footwear, apparel, and accessories; Sanuk has casual shoes and sandals and so does Teva; the Hoka brand offers athletic footwear while Fashion casual footwear is represented by Koolaburra. Most of the products are sold wholesale, but the company also has a growing direct-to-consumer segment.

Earlier this month, Deckers released results for the fiscal third quarter of 2023 (December quarter). Revenue grew by 13.4% year-over-year to $1.35 billion, beating the Street’s call by $90 million. The company also exceeded expectations on the bottom-line, delivering EPS of $10.48 – ahead of the $9.52 consensus estimate. Moving forward, Deckers expects full-year sales to come in between $3.50 billion to $3.53 billion; consensus had $3.53 billion.

Turning to the Smart Score, we find DECK firing on all cylinders. Hedge funds increased their holdings by 130,100 shares last quarter while the stock nabs both bullish blogger and news sentiment. On the fundamentals side, the stock has…

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