Fox Corporation (FOX) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for assessing momentum in stocks [2] Group 2: Fox Corporation Analysis - Fox Corporation (FOX) currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - Over the past week, FOX shares increased by 1.65%, while the Zacks Broadcast Radio and Television industry declined by 1.39% [6] - In the last three months, FOX shares rose by 13.71%, and over the past year, they increased by 84.61%, significantly outperforming the S&P 500, which moved -3.15% and 10.26% respectively [7] Group 3: Trading Volume and Earnings Outlook - FOX's average 20-day trading volume is 1,395,403 shares, which serves as a bullish indicator when combined with rising stock prices [8] - In the past two months, three earnings estimates for FOX have been revised upwards, increasing the consensus estimate from $3.76 to$4.45 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [10] Group 4: Conclusion - Considering the positive momentum indicators and earnings outlook, FOX is positioned as a strong buy candidate for investors seeking short-term gains [12]