GMS (GMS) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with GMS currently holding a Momentum Style Score of B [2] Group 2: GMS Performance Metrics - GMS shares have increased by 12.71% over the past week, significantly outperforming the Zacks Building Products - Retail industry, which rose by 0.89% [5] - Over the past quarter, GMS shares have risen by 54.73%, and by 29.26% over the last year, while the S&P 500 has increased by 17.01% and 13.4%, respectively [6] - The average 20-day trading volume for GMS is 2,151,528 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, three earnings estimates for GMS have been revised upwards, increasing the consensus estimate from $6.11 to $6.33 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive earnings momentum [9] Group 4: Conclusion - GMS is rated as a 2 (Buy) stock with a Momentum Score of B, making it a potential pick for investors looking for short-term gains [11]