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Are You Looking for a Top Momentum Pick? Why Aflac (AFL) is a Great Choice
AflacAflac(US:AFL) ZACKS·2024-08-13 17:01

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established price movements for profitable trades [1] Company Overview: Aflac (AFL) - Aflac currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [2][6] - The stock has shown a 1.99% increase over the past week, contrasting with a 0.47% decline in the Zacks Insurance - Accident and Health industry during the same period [3] - Over the past month, Aflac's shares have risen by 8.38%, significantly outperforming the industry's 0.85% [3] Long-term Performance - Aflac's shares have increased by 15.4% over the past quarter and 32.03% over the last year, while the S&P 500 has only moved 2.74% and 21.26%, respectively [4] - The average 20-day trading volume for Aflac is 2,433,990 shares, indicating a bullish trend as the stock rises with above-average volume [4] Earnings Outlook - In the past two months, 7 earnings estimates for Aflac have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.46 to $6.73 [5] - For the next fiscal year, 7 estimates have also moved upwards without any declines, suggesting a positive earnings outlook [5]