Are You Looking for a Top Momentum Pick? Why Gates Industrial (GTES) is a Great Choice

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Gates Industrial (GTES) currently holding a Momentum Style Score of B [2] - The Zacks Rank system complements Style Scores, with GTES rated 2 (Buy), indicating potential for outperformance [3] Group 2: Performance Metrics - GTES shares have increased by 4.69% over the past week, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 2.06% [5] - Over the last quarter, GTES shares have gained 21.64%, and 46.44% over the past year, compared to the S&P 500's increases of 10.77% and 17.6% respectively [6] - The average 20-day trading volume for GTES is 1,832,351 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for GTES show 2 estimates moving higher for the full year, increasing the consensus estimate from $1.42 to $1.51 [9] - For the next fiscal year, 2 estimates have also moved upwards, with no downward revisions noted [9] Group 4: Conclusion - Considering all performance metrics and earnings outlook, GTES is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]