Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Affiliated Managers Group (AMG) - AMG currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - AMG shares have increased by 2.53% over the past week, outperforming the Zacks Financial - Investment Management industry, which rose by 1.48% [6] - Over the past month, AMG's shares have risen by 7.96%, significantly higher than the industry's 0.21% [6] - In the last quarter, AMG shares have surged by 27.99%, and over the past year, they have gained 39.49%, compared to the S&P 500's increases of 9.25% and 18.95%, respectively [7] Trading Volume - AMG's average 20-day trading volume is 174,180 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, four earnings estimates for AMG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $23.33 to $24.05 [10] - For the next fiscal year, four estimates have also moved higher, indicating a positive earnings outlook [10] Conclusion - Given the strong performance metrics and positive earnings outlook, AMG is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [12]
Are You Looking for a Top Momentum Pick? Why Affiliated Managers Group (AMG) is a Great Choice