Flowserve (FLS) Is Up 4.57% in One Week: What You Should Know

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify effective metrics for assessing momentum in stocks, addressing the challenges of defining momentum [1] Group 2: Flowserve (FLS) Analysis - Flowserve currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2] - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) with Style Scores of A or B have historically outperformed the market over the following month [2] Group 3: Price Performance Metrics - Flowserve shares have increased by 4.57% over the past week, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.84% [3] - Over the past month, Flowserve's shares rose by 13.48%, significantly higher than the industry's 1.05% performance [3] - In the last quarter, Flowserve shares gained 9.6%, and over the past year, they increased by 47.36%, while the S&P 500 rose by 4.9% and 35.3%, respectively [4] Group 4: Trading Volume and Earnings Outlook - Flowserve's average 20-day trading volume is 1,538,455 shares, indicating a bullish sign with rising stock prices on above-average volume [4] - Over the past two months, two earnings estimates for Flowserve have increased, raising the consensus estimate from $2.74 to $2.77 [5] - For the next fiscal year, three earnings estimates have moved upwards, with no downward revisions, suggesting a positive outlook [5]