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][2]. Company Overview: Old Republic International (ORI) - ORI currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [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, ORI shares increased by 0.5%, outperforming the Zacks Insurance - Multi line industry, which rose by 0.21% [6]. - In the last quarter, ORI shares rose by 7.42%, and over the past year, they gained 32.79%, significantly outperforming the S&P 500's increases of 3.88% and 24.54%, respectively [7]. - The average 20-day trading volume for ORI is 1,120,953 shares, indicating a bullish trend when combined with rising stock prices [8]. Earnings Outlook - In the past two months, two earnings estimates for ORI have been revised upwards, increasing the consensus estimate from 3.18 [10]. - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, ORI is positioned as a strong candidate for momentum investing, making it a noteworthy pick for investors [12].
Are You Looking for a Top Momentum Pick? Why Old Republic International (ORI) is a Great Choice