Heico Corporation (HEI) Is Up 3.24% 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] Company Overview: Heico Corporation (HEI) - Heico Corporation currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, HEI shares increased by 3.24%, while the Zacks Aerospace - Defense Equipment industry rose by 4% [5] - In a longer timeframe, HEI's monthly price change is 7.03%, outperforming the industry's 4.74% [5] - Over the last quarter, HEI shares have risen by 29.88%, and by 42.86% over the past year, compared to the S&P 500's increases of 24.12% and 14.76%, respectively [6] Trading Volume - HEI's average 20-day trading volume is 418,817 shares, which serves as a bullish indicator when combined with rising stock prices [7] 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 $4.42 to $4.54 [9] - For the next fiscal year, 7 estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, HEI is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]