Would Mark Minervini consider BARCLAYS PLC-SPONS ADR (NYSE:BCS) a top stock pick?

In this article we will dive into BARCLAYS PLC-SPONS ADR (NYSE:BCS) as a possible candidate for growth investing. Investors should always do their own research, but we noticed BARCLAYS PLC-SPONS ADR showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

A Technical Analysis using the Minervini Trend Template.

BCS checks all the boxes when evaluating the Minervini Trend Template. This is a set of basic technical criteria to identify stocks in strong uptrends:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

What matters for high growth investors.

Explosive Earnings Growth

• BCS has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 608.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• BCS has achieved 77.77% growth in EPS over the past 12 months, reflecting a sustained improvement in earnings performance.
• The earnings per share (EPS) growth of BCS are accelerating: the current Q2Q growth of 608.0% is above the previous year Q2Q growth of -38.98%. Earnings momentum and acceleration are key for high growth systems.
• BCS has achieved significant quarter-to-quarter (Q2Q) revenue growth of 26.84%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• With a track record of beating EPS estimates in the last 4 quarters, BCS showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.

Financial Strength & Profitability

• The free cash flow (FCF) of BCS has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.

Market Strength & Institutional Confidence

• With institutional shareholders at 55.37%, BCS demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• BCS has achieved an impressive Relative Strength (RS) rating of 95.82, showcasing its ability to outperform the broader market. This strong performance positions BARCLAYS PLC-SPONS ADR as an attractive stock for potential price appreciation.

How does the Setup look for NYSE:BCS

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:BCS currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, BCS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

Check the latest full technical report of BCS for a complete technical analysis.

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Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.