Fabrinet (FN) Is Up 13.25% in One Week: What You Should Know

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: Fabrinet (FN) - Fabrinet currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The company specializes in assembling optical, electro-mechanical, and electronic devices for other companies [3] Price Performance - Over the past week, FN shares have increased by 13.25%, outperforming the Zacks Electronics - Miscellaneous Components industry, which rose by 2.74% [5] - In a longer timeframe, FN's shares have gained 24.82% over the past quarter and 62.27% over the last year, while the S&P 500 has only increased by 6.56% and 15.83%, respectively [6] Trading Volume - FN's average 20-day trading volume is 445,047 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for FN has increased, raising the consensus estimate from $12.19 to $12.33 [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 price trends and earnings outlook, FN is positioned as a strong momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]