Neuberger Berman Next Generation Connectivity Fund Inc (NYSE:NBXG) was identified by our CANSLIM stock screener as a potential candidate for growth-focused investors. The fund demonstrates strong earnings growth, solid relative strength, and favorable technical trends, aligning with key CANSLIM principles.
Why NBXG Fits the CANSLIM Strategy
- Earnings Growth: NBXG reported a 240.4% year-over-year EPS increase in the latest quarter, far exceeding the CANSLIM minimum threshold of 20%. Revenue growth was also strong at 26.4%.
- Annual Earnings Growth: The fund’s 3-year EPS growth stands at 41.9%, well above the 25% benchmark.
- Relative Strength: With a ChartMill Relative Strength score of 80.4, NBXG outperforms 80% of the market, a key trait for CANSLIM stocks.
- Institutional Sponsorship: Institutional ownership is at 39.5%, below the 85% threshold, suggesting room for further institutional accumulation.
- Debt-Free Balance Sheet: A debt-to-equity ratio of 0 indicates financial stability, aligning with CANSLIM’s preference for low debt.
Technical Outlook
NBXG’s technical rating of 9/10 reflects a strong uptrend, trading near its 52-week high. The stock is consolidating with clear support levels, presenting a potential entry point. A recent pocket pivot signal further reinforces bullish momentum.
For a deeper look, review the full technical analysis report and fundamental analysis report.
Our CANSLIM High Growth screener provides more high-growth stock ideas updated daily.
Disclaimer
This is not investment advice. Always conduct your own research before making investment decisions.
