Elbit Systems (ESLT) 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 higher, with the expectation that established trends will continue [1] Company Overview: Elbit Systems (ESLT) - Elbit Systems currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, ESLT shares increased by 1.15%, while the Zacks Aerospace - Defense Equipment industry rose by 1.72% [5] - In a longer timeframe, ESLT shares have gained 15.41% over the past quarter and 152% over the last year, significantly outperforming the S&P 500, which moved 8.12% and 17.38% respectively [6] Trading Volume - ESLT's average 20-day trading volume is 111,480 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the last two months, one earnings estimate for ESLT has increased, raising the consensus estimate from $11.35 to $12.10 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the positive momentum indicators and earnings outlook, Elbit Systems is positioned as a strong candidate for investment, reflected in its 2 (Buy) rating and Momentum Score of B [11]