What Makes KLA (KLAC) a Strong Momentum Stock: Buy Now?

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: KLA (KLAC) - KLA currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [2][3] - The stock has shown strong performance, with a 1.86% increase over the past week, compared to a flat performance in the Zacks Electronics - Miscellaneous Products industry [5] - Over the last month, KLA's shares have increased by 27.44%, significantly outperforming the industry's 3.71% [5] - In the last quarter, KLA shares rose by 17.34%, and over the past year, they gained 43.11%, while the S&P 500 only moved 8.12% and 17.38%, respectively [6] Trading Volume - KLA's average 20-day trading volume is 906,771 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Recent earnings estimate revisions for KLA have been positive, with three estimates moving higher and none lower over the past two months, raising the consensus estimate from $34.25 to $34.55 [9] - For the next fiscal year, two estimates have increased, with no downward revisions during the same period [9] Conclusion - KLA is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for investors seeking short-term gains [11]