Here's Why Alaska Air Group (ALK) is a Strong Momentum Stock

Core Insights - Zacks Premium offers various tools to help investors make informed decisions and enhance their confidence in the stock market [1] Zacks Style Scores - Zacks Style Scores are indicators designed to assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [2] - The Growth Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] - The Momentum Score helps investors capitalize on price trends by evaluating one-week price changes and monthly earnings estimate changes [3] - The VGM Score combines the three Style Scores to identify stocks with the best value, growth potential, and momentum [4] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [6] - Stocks with lower ranks but high Style Scores may still face downward earnings forecasts, increasing the risk of price declines [6] Company Spotlight: Alaska Air Group - Alaska Air Group operates two airlines, Alaska and Horizon, serving over 120 cities across North America [7] - Currently rated 3 (Hold) by Zacks, Alaska Air Group has a VGM Score of A and a Momentum Style Score of B, with shares increasing by 12% over the past four weeks [7] - The Zacks Consensus Estimate for fiscal 2024 has risen by $0.44 to $4.62 per share, supported by five analysts revising their earnings estimates upwards in the last 60 days, and the company has an average earnings surprise of 21.9% [7]