Heico Corporation (HEI) Is Up 11.79% in One Week: What You Should Know

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: Heico Corporation (HEI) - Heico Corporation currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on historical performance metrics [4]. Price Performance - Over the past week, HEI shares have increased by 11.79%, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 2.72% [6]. - In a longer timeframe, HEI's shares have risen by 13.78% over the past month, compared to the industry's 6.3% [6]. - Over the last quarter, HEI shares have increased by 17.26%, and over the past year, they have risen by 35.25%, while the S&P 500 has only moved 0.05% and 13.85%, respectively [7]. Trading Volume - HEI's average 20-day trading volume is 525,174 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, 7 earnings estimates for HEI have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.37 to $4.48 [10]. - For the next fiscal year, 6 estimates have also moved upwards, indicating positive sentiment regarding future earnings [10]. Conclusion - Considering the strong momentum indicators and positive earnings outlook, HEI is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [12].