Are You Looking for a Top Momentum Pick? Why Expedia (EXPE) is a Great Choice

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: Expedia (EXPE) - Expedia currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - Over the past week, EXPE shares increased by 18.38%, significantly outperforming the Zacks Internet - Commerce industry, which rose by only 0.27% [5] - In the last quarter, EXPE shares rose by 11.37%, and over the past year, they have increased by 46.24%, while the S&P 500 only moved 1.46% and 22.28% respectively [6] - The average 20-day trading volume for EXPE is 2,426,886 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, 5 earnings estimates for EXPE have been revised upwards, while 3 have been revised downwards, leading to an increase in the consensus estimate from $13.99 to$14.91 [9] - For the next fiscal year, there have been 2 upward revisions and 3 downward revisions in earnings estimates [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, EXPE is classified as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]