Here's Why First Horizon National (FHN) 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 Overview: First Horizon National (FHN) - FHN currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, FHN shares increased by 7.48%, outperforming the Zacks Banks - Southwest industry, which rose by 5.2% [6] - In a longer timeframe, FHN shares have risen by 24.05% over the past three months and 50.77% over the past year, compared to the S&P 500's increases of 2.54% and 25.42%, respectively [7] - The average 20-day trading volume for FHN is 3,974,739 shares, indicating a bullish trend when combined with rising stock prices [8] Earnings Outlook - In the last two months, four earnings estimates for FHN have been revised upwards, with no downward revisions, raising the consensus estimate from $1.55 to $1.63 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10] Conclusion - FHN is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a potential candidate for investors seeking short-term gains [12]