Here's Why Valmont Industries (VMI) is a Strong Momentum Stock

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Style Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Style Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Style Score assesses trends in stock prices and earnings outlooks, using factors like one-week price change and monthly earnings estimate changes [3] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [4] Zacks Rank - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to guide investors in portfolio creation [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [5] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] - Stocks with a 3 (Hold) rank should also have A or B Scores to ensure potential upside [6] Company Spotlight: Valmont Industries - Valmont Industries, headquartered in Omaha, NE, specializes in fabricated metal products and mechanized irrigation systems [8] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of A, with a Momentum Style Score of B [8] - Valmont's shares have increased by 2.1% over the past four weeks, and its earnings estimate for fiscal 2024 has risen by $0.24 to $16.88 per share [8]