Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Shares of Construction Partners (ROAD) have been strong performers lately, with the stock up 9.1% over the past month. The stock hit a new 52-week high of $67.21 in the previous session. Construction Partners has gained 54.4% since the start of the year compared to the 20.2% move for the Zacks Construction sector and the 16.5% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed ou ...

Forest Service fire restrictions have been lifted in the project area and road construction has started in preparation for drilling by the first week of October. The main drill target is the 417 Target Area which includes the potential source of very high-grade silver vein fragments located around the 417 pound (189 kg) vein fragment found in the central part of the property (see Figures 1, 2 and 3). This vein fragment was not assayed, as it is a collectors' specimen, but specific gravity tests indicate a v ...

Shares of Construction Partners, Inc. (ROAD) have gained 40.9% in the year-to-date period, outperforming the Building Products - Miscellaneous industry's 10.1% growth, the Zacks Construction sector's 13.9% increase and the S&P 500 Index's 15% rise. Image Source: Zacks Investment Research ROAD is benefiting from solid demand trends for private and public work across more than 70 local markets in the six southeast states it operates. Furthermore, accretive acquisitions, project pipelines and the ROAD-Map 2027 ...

Construction Partners, Inc. (ROAD) or CPI, acquired John G. Walton Construction Company, Inc., based in Mobile, AL. The acquisition includes a hot-mix asphalt plant, along with crews and equipment, serving the greater Mobile and southwestern Alabama area. The strategic acquisition, which includes a hot-mix asphalt plant with access to water and rail, strengthens ROAD's position in the growing Mobile metro area. With this addition, the company now operates in Alabama's four largest markets and continues to p ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Construction Partners (ROAD) one of those stocks right now? By taking a look at the stock's yearto-date performance in comparison to its Construction peers, we might be able to answer that question. Construction Partners is a member of the Construction sector. This group includes 91 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 diff ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with th ...

Investors might want to bet on Construction Partners (ROAD) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. I ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

Construction Partners, Inc. (ROAD) reported solid third-quarter fiscal 2024 (ended Jun 30, 2024) results, with earnings and revenues surpassing the Zacks Consensus Estimate and increased on a year-over-year basis. The company's quarterly result reflects a strong demand environment across more than 70 local markets in the Southeast. Owing to strong industry demand and favorable funding trends, the company raised its fiscal 2024 outlook. ROAD focuses on safely and efficiently building projects across six sout ...