D.R. Horton(DHI) ZACKS·2024-07-22 17:01Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: D.R. Horton (DHI) - D.R. Horton currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [1] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a strong historical performance in the market [2] Performance Metrics - DHI shares have increased by 13.07% over the past week, outperforming the Zacks Building Products - Home Builders industry, which rose by 5.36% during the same period [3] - Over the past month, DHI's price change is 22.09%, compared to the industry's 13.81% [3] - In the last three months, DHI shares have risen by 19.62%, and over the past year, they have increased by 36.26%, while the S&P 500 has moved 11.27% and 22.23%, respectively [3] Trading Volume - DHI's average 20-day trading volume is 2,880,839 shares, which serves as a baseline for price-to-volume analysis [3] Earnings Outlook - In the last two months, 5 earnings estimates for DHI have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from 14.39 [4] - For the next fiscal year, there have been 2 upward revisions and 1 downward revision in earnings estimates [4] Conclusion - D.R. Horton is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment opportunities [5]