Here's Why Subaru Corporation (FUJHY) is a Great Momentum Stock to 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 Summary: Subaru Corporation (FUJHY) - Subaru Corporation currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - Over the past week, FUJHY shares increased by 1.6%, while the Zacks Automotive - Foreign industry remained flat [5] - In a longer timeframe, FUJHY's shares rose by 12.3% over the past month, outperforming the industry's 1.34% [5] - Over the last quarter, FUJHY shares increased by 7.59%, and over the past year, they have risen by 37.37%, compared to the S&P 500's increases of 6.44% and 13.97%, respectively [6] - The average 20-day trading volume for FUJHY is 117,153 shares, which is a useful indicator of market interest [7] Earnings Outlook - In the past two months, one earnings estimate for FUJHY has increased, while none have decreased, raising the consensus estimate from $0.63 to $0.72 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [9] Conclusion - Considering the momentum indicators and earnings outlook, FUJHY is classified as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [11]