Artisan Partners Asset Management (APAM) 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: Artisan Partners Asset Management (APAM) - APAM currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price increases, with a 4.35% rise over the past week compared to the Zacks Financial - Investment Management industry's 1.91% increase [5] - Over the last month, APAM's shares increased by 11.96%, outperforming the industry's 4.59% [5] - In the last three months, APAM shares rose by 37.33%, and by 16.85% over the past year, while the S&P 500 increased by 19.67% and 12.87%, respectively [6] Trading Volume - APAM's average 20-day trading volume is 554,165 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Over the past two months, one earnings estimate for APAM has increased, raising the consensus estimate from $3.33 to $3.61 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, APAM is positioned as a promising investment opportunity with a Momentum Score of B [11]