Here's Why Amalgamated Financial (AMAL) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Amalgamated Financial (AMAL) - AMAL currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, AMAL shares increased by 8.65%, significantly outperforming the Zacks Financial - SBIC & Commercial Industry, which rose by 1.51% [5] - In the last month, AMAL's shares rose by 9.38%, while the industry only saw a 0.26% increase [5] - Over the past quarter, AMAL shares have risen by 20.7%, and over the last year, they have surged by 87.07%, compared to the S&P 500's increases of 12.69% and 37.58%, respectively [6] - The average 20-day trading volume for AMAL is 220,431 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, one earnings estimate for AMAL has increased, while none have decreased, raising the consensus estimate from $3.29 to$3.46 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions, reinforcing the positive earnings outlook for AMAL [9] - These factors contribute to AMAL's status as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]