Acuity Shines As It Transforms Itself. IBD's Stock Of The Day Nears Buy Point.

Core Insights - Futures are rising, indicating a positive market sentiment, with notable gains in stocks like Marvell and American Eagle [1] - Acuity Brands is highlighted for its strong technical performance, achieving a Composite Rating of 95 out of 99 and showing support at converged 21-day and 50-day lines [1] - The stock market is experiencing a rebound, with Nasdaq leading the way and key stocks such as Snowflake and Acuity Brands being closely monitored [1][2] Company Performance - Acuity Brands has cleared a technical benchmark, achieving an 80-plus Relative Strength (RS) Rating, indicating strong market performance [4] - The stock is approaching a key technical benchmark, with a flat base pattern emerging, which is considered a positive sign in technical analysis [1][4] - Acuity Brands is part of a group of stocks showing improving market leadership, earning an RS Rating of 82 [4] Market Trends - Small-cap stocks are experiencing significant gains, with Acuity Brands and others like ESLT and BX in focus as they race higher after a breakout [4] - The overall market is showing signs of recovery, with the Nasdaq leading the rebound and various stocks, including Acuity Brands, being highlighted for their performance [1][2]