Valmont Industries (VMI) Is Up 3.82% in One Week: What You Should Know

Core Insights - 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] - Valmont Industries (VMI) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The Zacks Rank for Valmont Industries is 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - VMI shares have increased by 3.82% over the past week, outperforming the Zacks Steel - Pipe and Tube industry, which rose by 1.3% [5] - Over the past month, VMI's price change is 8.92%, significantly higher than the industry's 2.14% [5] - In the last quarter, VMI shares rose by 10.15%, and over the past year, they gained 23.21%, while the S&P 500 increased by 6.56% and 15.83%, respectively [6] Trading Volume - The average 20-day trading volume for VMI is 157,152 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, three earnings estimates for VMI have been revised upwards, while none have been lowered, raising the consensus estimate from $18.63 to $19.02 [9] - For the next fiscal year, one estimate has increased, while one has decreased during the same period [9] Conclusion - Considering the strong price performance, positive earnings revisions, and high Momentum Style Score, VMI is identified as a solid momentum pick and is recommended for investors looking for potential near-term gains [11]