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: Affiliated Managers Group (AMG) - AMG currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Performance Metrics - AMG shares have increased by 1.74% over the past week, outperforming the Zacks Financial - Investment Management industry, which rose by 0.14% [5] - Over the past month, AMG's price change is 12.02%, significantly higher than the industry's 6.16% [5] - In the last quarter, AMG shares have risen by 34.65%, and over the past year, they have gained 22.72%, while the S&P 500 has increased by 16.27% and 12.91% respectively [6] Trading Volume - AMG's average 20-day trading volume is 228,560 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, five earnings estimates for AMG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $22.78 to $23.33 [9] - For the next fiscal year, five estimates have also moved higher without any downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, AMG is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]
What Makes Affiliated Managers Group (AMG) a Strong Momentum Stock: Buy Now?