Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Case Study - International Consolidated Airlines Group SA (ICAGY) - ICAGY has shown a price increase of 13.6% over the past four weeks, indicating growing investor interest [4] - The stock has gained 36% over the past 12 weeks, with a beta of 2.19, suggesting it moves 119% higher than the market [5] - ICAGY has a Momentum Score of A, indicating a favorable entry point for investors [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to ICAGY earning a Zacks Rank 1 (Strong Buy), as analysts raising estimates attract more investor interest [7] - ICAGY is trading at a Price-to-Sales ratio of 0.17, meaning investors pay only 17 cents for each dollar of sales, indicating a reasonable valuation [7] Group 4: Additional Opportunities - Besides ICAGY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Various Zacks Premium Screens are available to help identify potential winning stock picks based on different investing styles [9]

International Consolidated Airlines Group S.A. (OTCPK:ICAGY) Q3 2024 Earnings Conference Call November 8, 2024 3:00 AM ET Company Participants Luis Gallego - Chief Executive Officer Nicholas Cadbury - Chief Financial Officer Lynne Embleton - Chief Executive Officer, Aer Lingus Sean Doyle - Chairman & Chief Executive Officer, British Airways Conference Call Participants Alex Irving - Bernstein Stephen Furlong - Davy Jaime Rowbotham - Deutsche Bank Savi Syth - Raymond James Ruairi Cullinane - RBC Capital Mark ...

NATIONAL 1 Connecting people, businesses and countries 2024 Quarter Three results Disclaimer 2 LEI: 959800TZHQRUSH1ESL13 Forward-looking statements: Certain statements included in this document and any related conference call or webcast (including any related Q&A session) are forward-looking. These statements can be identified by the fact that they do not relate only to historical or current facts. By their nature, they involve risk and uncertainties because they relate to events and depend on circumstances ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...

Investors interested in Transportation - Airline stocks are likely familiar with International Consolidated Airlines Group SA (ICAGY) and Ryanair (RYAAY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has International Consolidated Airlines Group SA (ICAGY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. International Consolidated Airlines Group SA is one of 135 individual stocks in the Transportation sector. Collectively, these c ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 5th: International Consolidated Airlines Group S.A. (ICAGY) : This passenger and cargo transportation services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.5% over the last 60 days. International Consolidated Airlines has a price-to-earnings ratio (P/E) of 4.57, compared with 11.50 for the industry. The company possesses ...

JohnnyPowell/iStock Unreleased via Getty Images In June-end, we initiated International Airlines Group (OTCPK:ICAGY) (OTCPK:BABWF) coverage with a buy rating supported by: 1. A strong brand portfolio with the ability to compete in long-haul distance (flag carrier peers) and with low-cost operators; 2. A positive outlook thanks to corporate travel demand and a leaner cost structure; 3. An unjustified valuation discrepancy compared to its peers. On 01/08/2024, the company reported its H1 results and was the o ...

Financial Data and Key Metrics Changes - The company reported a profit of just over €1.3 billion for the first half of 2024, an increase of €49 million compared to the previous year [3] - Operating profits before exceptional items were €1.3 billion, with an operating margin of nearly 9% [7] - The leveraged net debt-to-EBITDA ratio improved to 1.1 times, down from 0.6 times in December 2023 [7][18] - Free cash flow generation was €3.2 billion after investing €1.4 billion in CapEx [16] Business Line Data and Key Metrics Changes - Aer Lingus faced challenges with a profit of €9 million, impacted by competitive pressure and pilot industrial action [8] - British Airways improved its operating profit by £59 million, with an operating margin of 8.2% [8] - Iberia delivered €362 million in profit, benefiting from strong performance in Latin America and Europe [9] - Vueling reported an operating result of €97 million, with unit revenue growing by 2.6% [10] - IAG Loyalty achieved an operating result of £193 million, up £23 million year-on-year [10] Market Data and Key Metrics Changes - North America accounted for 31% of capacity, with unit revenue improving by 2% and capacity growth of 6% [11] - Europe, the second largest market, saw unit revenue increase by 1% with a capacity growth of 6% [11] - Latin America and the Caribbean experienced a 17% increase in ASKs, although PRASK declined by 5% [12] - Asia Pacific, the smallest market, saw a 32% increase in capacity but a 14% decrease in unit revenue [13] Company Strategy and Development Direction - The company aims to strengthen its core business and grow capital-light businesses such as loyalty [5][22] - The decision to withdraw from the Air Europa acquisition reflects a focus on shareholder interests and strengthening the Madrid hub [4][22] - The transformation program is expected to drive improvements across all businesses, particularly British Airways [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term future of the business, citing strong demand and supply-side constraints [29] - The company anticipates a capacity increase of around 7% for the full year 2024 [29] - Management highlighted the importance of maintaining a strong balance sheet and disciplined capital allocation [20] Other Important Information - The company resumed paying dividends with an interim payment of €0.03 per share [4] - The total liquidity increased by €1.5 billion to €13.2 billion, reflecting a strong cash position [18] Q&A Session Summary Question: Why did the Air Europa deal not proceed? - Management indicated that despite a generous remedy package, the conditions required were not favorable for the group, leading to the decision to abandon the deal [31] Question: What triggers would lead to returning excess cash to shareholders? - The company considers several factors including leverage, outlook, and alternative uses for cash before making decisions on returning cash to shareholders [32] Question: What is the outlook for pricing in Q3? - Bookings for Q3 are at 81% of expectations, indicating strong demand in key markets despite some weakness in Asia [36] Question: How does the company view its unit revenue performance compared to peers? - The company attributes its strong yield performance to its customer base, market conditions, and ongoing transformation initiatives [41] Question: What is the company's strategy for network restoration and growth? - The company is focused on restoring capacity to pre-2019 levels in most markets, with specific growth plans in Latin America and North America [46][47]