What Makes Elbit Systems (ESLT) a Strong Momentum Stock: Buy Now?

Company Overview - Elbit Systems (ESLT) currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing context [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical track record of outperforming the market [4] Price Performance - Over the past week, ESLT shares increased by 2.59%, while the Zacks Aerospace - Defense Equipment industry rose by 3.42% [6] - In a longer time frame, ESLT's monthly price change is 9.07%, compared to the industry's 10.77% [6] - Over the past quarter, shares of Elbit Systems have increased by 12.4%, and gained 125.52% in the last year, significantly outperforming the S&P 500, which moved 4.46% and 13.71% respectively [7] Trading Volume - ESLT's average 20-day trading volume is 155,793 shares, which serves as a price-to-volume baseline for assessing stock momentum [8] Earnings Outlook - In the past two months, one earnings estimate for ESLT has moved higher, while none have moved lower, resulting in an increase of the consensus estimate from $9.60 to $10.85 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends, strong earnings outlook, and favorable momentum indicators, Elbit Systems is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment opportunity [12]