Valmont Industries (VMI) is a Great Momentum Stock: Should You Buy?

Core Insights - 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] - Valmont Industries (VMI) currently holds a Momentum Style Score of A, indicating strong potential for momentum-based investment [2][11] Company Performance - VMI shares have increased by 0.16% over the past week, outperforming the Zacks Steel - Pipe and Tube industry, which rose by 0.14% [5] - Over the last quarter, VMI shares have risen by 22.24%, and over the past year, they have increased by 32.31%, compared to the S&P 500's gains of 18.84% and 15.9% respectively [6] - The average 20-day trading volume for VMI is 200,999 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for VMI have been revised upwards, leading to an increase in the consensus estimate from $18.14 to $18.49 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [9] Investment Recommendation - Given the strong performance metrics and positive earnings outlook, VMI is rated as a 2 (Buy) stock with a Momentum Score of A, making it a compelling option for near-term investment [11]