Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in stock prices for short-term investing, highlighting Qifu Technology, Inc. (QFIN) as a strong candidate for trend investing due to its recent performance and positive fundamentals [1][3]. Group 1: Stock Performance - QFIN has experienced a significant price increase of 81.6% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also seen a price increase of 17.7% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, QFIN is trading at 99.1% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - QFIN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, underscoring the effectiveness of this ranking system [7]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like QFIN that are on an upward trend supported by strong fundamentals [3][8]. - There are over 45 Zacks Premium Screens available for investors to find stocks that align with their personal investing styles [8].
Here's Why 'Trend' Investors Would Love Betting on Qifu Technology, Inc. (QFIN)