What Makes Valmont Industries (VMI) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: Valmont Industries (VMI) - Valmont Industries currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [2] Price Performance - VMI shares have increased by 1.35% over the past week, while the Zacks Steel - Pipe and Tube industry has decreased by 0.51% during the same period [3] - Over the past month, VMI's price change is 14.3%, significantly outperforming the industry's 0.94% [3] - In the last quarter, VMI shares rose by 9.13%, and over the past year, they have increased by 40.76%, compared to the S&P 500's gains of 4.71% and 39.26%, respectively [3] Trading Volume - VMI's average 20-day trading volume is 117,171 shares, which serves as a bullish indicator when combined with rising stock prices [3] Earnings Outlook - In the last two months, one earnings estimate for VMI has been revised upward, while none have been revised downward, leading to an increase in the consensus estimate from $16.88 to $16.90 [4] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [4] Conclusion - Given the strong momentum indicators and positive earnings outlook, VMI is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [4]