Ferguson plc (FERG) is a Great Momentum Stock: Should You Buy?

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] Company Overview: Ferguson plc (FERG) - Ferguson plc 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] Price Performance - FERG shares have increased by 1.03% over the past week, while the Zacks Manufacturing - General Industrial industry remained flat [5] - Over the past month, FERG's price change is 19.82%, significantly outperforming the industry's 0.87% [5] - In the last quarter, FERG shares rose by 36.33%, and over the past year, they gained 14.12%, compared to the S&P 500's increases of 6.01% and 13.18%, respectively [6] Trading Volume - The average 20-day trading volume for FERG is 1,819,122 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 9 earnings estimates for FERG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $8.83 to $9.45 [9] - For the next fiscal year, 9 estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, FERG is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]