Affiliated Managers Group (AMG) 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 even higher, with the expectation that established trends will continue [1] Company Overview: Affiliated Managers Group (AMG) - AMG currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - The stock has shown a price increase of 3.5% over the past week, outperforming the Zacks Financial - Investment Management industry, which rose by 0.8% [6] - Over the past quarter, AMG shares have increased by 27.81%, and by 29.39% over the last year, significantly outperforming the S&P 500's gains of 11.03% and 17.4%, respectively [7] Trading Volume - AMG's average 20-day trading volume is 167,921 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally seen as bullish [8] Earnings Outlook - In the last two months, 6 earnings estimates for AMG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $23.01 to $24.05 [10] - For the next fiscal year, 6 estimates have also moved upwards without any downward revisions, indicating positive sentiment regarding future earnings [10] Conclusion - Considering the positive momentum indicators and earnings outlook, AMG is positioned as a strong buy with a Momentum Score of B, making it a notable candidate for investors seeking short-term gains [12]