Envestnet (ENV) is a Top-Ranked Momentum Stock: Should You Buy?

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - The Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform in the next 30 days [3][4] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4] Categories of Style Scores - Value Score: Focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales [5] - Growth Score: Evaluates a company's financial health and future outlook based on earnings, sales, and cash flow [6] - Momentum Score: Assesses trends in stock price and earnings estimates to identify optimal buying times [7] - VGM Score: Combines the three Style Scores to highlight stocks with attractive value, growth potential, and momentum [8] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [9] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [10] Stock Selection Strategy - To maximize returns, investors should target stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [12] - Stocks with lower ranks but high Style Scores may still pose risks if they have downward-trending earnings forecasts [13] Company Spotlight: Envestnet (ENV) - Envestnet, founded in 1999, is a leading provider of wealth management and financial systems [15] - ENV holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, with a Momentum Style Score of B [16] - ENV's shares have increased by 0.3% over the past four weeks, and its earnings estimate for fiscal 2024 has been revised upward [16][17]