Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of "buying high, hoping to sell even higher" [1] - The Zacks Momentum Style Score helps investors identify which metrics are effective for assessing momentum in stocks [2] Group 2: APi (APG) Performance - APi currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - Over the past week, APG shares increased by 0.23%, while the Zacks Business - Services industry remained flat [6] - In the last month, APG shares rose by 6.12%, outperforming the industry's 0.9% [6] - Over the past quarter, APG shares increased by 44.25%, and over the last year, they gained 42.35%, compared to the S&P 500's 19.12% and 11.85% respectively [7] Group 3: Trading Volume and Earnings Outlook - APG's average 20-day trading volume is 5,972,496 shares, indicating a bullish sign with rising stock prices [8] - In the past two months, one earnings estimate for APG increased, raising the consensus estimate from $1.36 to $1.41 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions [10] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, APG is positioned as a strong momentum pick with a 2 (Buy) rating and a Momentum Score of B [12]
Here's Why APi (APG) is a Great Momentum Stock to Buy