Lincoln Electric Holdings (LECO) is a Great Momentum Stock: Should You Buy?

Company Overview - Lincoln Electric Holdings (LECO) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Price Performance - LECO shares have increased by 0.7% over the past week, while the Zacks Manufacturing - Tools & Related Products industry has risen by 0.76% during the same period [5] - Over the past quarter, LECO shares have gained 18.99%, and over the last year, they have increased by 39.43%, outperforming the S&P 500, which moved 8.64% and 21.49% respectively [6] Trading Volume - The average 20-day trading volume for LECO is 242,910 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 5 earnings estimates for LECO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.06 to $9.65 [9] - For the next fiscal year, 5 estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, LECO is positioned as a solid momentum pick for investors [11]