Are You Looking for a Top Momentum Pick? Why Federated Hermes (FHI) is a Great Choice

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] Group 1: Momentum Style Score - Federated Hermes (FHI) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The Zacks Rank for Federated Hermes is 1 (Strong Buy), suggesting a high potential for outperformance in the market [3] Group 2: Performance Metrics - FHI shares have increased by 4.84% over the past week, outperforming the Zacks Financial - Investment Management industry, which rose by 0.8% [5] - Over the last quarter, FHI shares have risen by 26.85%, and by 56.75% over the past year, significantly outperforming the S&P 500's gains of 11.03% and 17.4% respectively [6] Group 3: Trading Volume - The average 20-day trading volume for FHI is 783,346 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, five earnings estimates for FHI have been revised upwards, increasing the consensus estimate from $4.28 to $4.46 [9] - For the next fiscal year, five estimates have also moved upwards with no downward revisions, indicating positive earnings momentum [9] Group 5: Conclusion - Given the strong performance metrics and positive earnings outlook, FHI is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]