Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1][2]. Company Analysis: Walt Disney (DIS) - Walt Disney 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 compared to the market [4]. - Over the past week, DIS shares increased by 4%, outperforming the Zacks Media Conglomerates industry, which rose by 1.51% [6]. - In a longer timeframe, DIS shares have risen by 48.87% over the past three months and 26.49% over the past year, significantly outperforming the S&P 500's gains of 10.83% and 14.92%, respectively [7]. - The average 20-day trading volume for DIS is 9,671,427 shares, indicating strong trading activity [8]. Earnings Outlook - In the last two months, 9 earnings estimates for DIS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $5.45 to $5.78 [10]. - For the next fiscal year, 9 estimates have also moved higher, reflecting positive sentiment regarding DIS's earnings potential [10]. Conclusion - Given the strong momentum indicators and positive earnings outlook, DIS is positioned as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12].
Are You Looking for a Top Momentum Pick? Why Walt Disney (DIS) is a Great Choice