Here's Why Sun Life (SLF) is a Strong Momentum Stock

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperforming the market [3] Value Score - The Value Score identifies attractive stocks using ratios like P/E, PEG, and Price/Sales, focusing on undervalued stocks [3][4] Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected earnings and sales for sustainable growth [4] Momentum Score - The Momentum Score capitalizes on price trends, using factors like weekly price changes and monthly earnings estimate changes to identify high-momentum stocks [4] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum [5] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [6] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] Stock to Watch: Sun Life (SLF) - Sun Life, based in Toronto, Canada, is the third largest insurer in Canada, offering diverse protection and wealth management products globally [10] - SLF holds a 3 (Hold) Zacks Rank with a VGM Score of B and a Momentum Style Score of A, having increased 5% in the past four weeks [11] - Recent earnings estimates for fiscal 2024 have been revised higher, with the Zacks Consensus Estimate increasing by $0.02 to $4.88 per share [11][12]