ZACKSยท2025-05-21 17:06Core 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: Qifu Technology, Inc. (QFIN) - QFIN currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, QFIN shares increased by 4.02%, outperforming the Zacks Technology Services industry, which rose by 2.63% [5] - In a longer timeframe, QFIN's monthly price change is 14.66%, compared to the industry's 10.22% [5] - Over the last quarter, QFIN shares rose by 8.35%, and over the past year, they have surged by 112.04%, while the S&P 500 saw movements of -2.63% and 13.25%, respectively [6] - The average 20-day trading volume for QFIN is 1,527,784 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - Recent earnings estimate revisions for QFIN show positive trends, with 2 estimates moving higher and none lower over the past two months [9] - The consensus earnings estimate for QFIN increased from $6.58 to $6.93 in the last 60 days, reflecting a positive outlook [9] - For the next fiscal year, 2 estimates have also moved upwards, with no downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, QFIN is positioned as a promising momentum pick for investors [11]