Intermex Brings in Big Money

And the money remittance services company could jump more due to strong earnings and growth prospects. But another likely reason is Big Money lifting the stock.

Big Money Likes Intermex

So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.

Smart money managers are always looking for the next hot stock. And Intermex has many fundamental qualities that are attractive.

This sets up well for the stock going forward. But how the shares have been trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares.

You see, fund managers are always looking to bet on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.

That’s why I’ve learned how critical it is to gauge Big Money demand for shares. To show you what I mean, have a look at all the Big Money signals IMXI has made recently.

The last few weeks have seen lots of Big Money activity. Each green bar signals big trading volumes as the stock ramped in price:

Source: www.mapsignals.com

In the last month, the stock has attracted seven Big Money buy signals. Generally speaking, recent green bars could mean more upside is ahead.

Now, let’s check out the technical action grabbing my attention:

• 1-month outperformance vs. Financial Select Sector SPDR ETF (+10.0% vs. XLF)

Outperformance is important for leading stocks.

Intermex Fundamental Analysis

Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Intermex has had double-digit sales and earnings growth. Take a look:

• 1-year sales growth rate (+27.7%)
• 3-year EPS growth rate (+53.3%)

Source: FactSet

Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, IMXI has become a top-rated stock at my research firm, MAPsignals. That means the stock has buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

IMXI has a lot of qualities that are attracting Big Money. It just made the Top 20 report, with its first appearance on 07/26/2022…and gaining 13.4% since. Big Money may have found a new gem. The blue bars below show when Intermex was a top pick:

Source: www.mapsignals.com

It’s been a growing stock in the financial sector according to the MAPsignals process. I wouldn’t be surprised if IMXI makes additional appearances in the years to come. Let’s tie this all together.

Intermex Price Prediction

The Intermex rally could have further to go. Big Money buying in the shares is signaling to take notice. Shares could be positioned for further upside. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no positions in IMXI at the time of publication.

Learn more about the MAPsignals process here.

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