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: Allianz SE (ALIZY) - Allianz SE currently holds a Momentum Style Score of B, indicating potential for solid 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, ALIZY shares increased by 2.52%, while the Zacks Insurance - Multi line industry rose by 2.89% [6]. - In a longer timeframe, ALIZY's shares have appreciated by 22.76% over the past month, compared to the industry's 12.15% [6]. - Over the last quarter, ALIZY shares have gained 28.72%, and over the past year, they have increased by 46.26%. In contrast, the S&P 500 has moved -6.46% and 11.69% respectively during the same periods [7]. Trading Volume - The average 20-day trading volume for ALIZY is 302,275 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - Recent earnings estimate revisions for ALIZY show 2 estimates moving higher for the full year, raising the consensus estimate from $3.01 to $3.21 over the past 60 days [10]. - For the next fiscal year, 2 estimates have also increased, with no downward revisions noted [10]. Conclusion - Considering the positive performance metrics and earnings outlook, ALIZY is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12].
Allianz SE (ALIZY) is a Great Momentum Stock: Should You Buy?