Are You Looking for a Top Momentum Pick? Why International Seaways (INSW) is a Great Choice

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: International Seaways (INSW) - International Seaways 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] Performance Metrics - INSW shares have increased by 4.06% over the past week, while the Zacks Transportation - Shipping industry has seen a slight decline of 0.05% [5] - Over the last quarter, INSW shares have risen by 28.03%, and they are up 23.75% over the past year, significantly outperforming the S&P 500, which has moved 6.44% and 13.97% respectively [6] - The average 20-day trading volume for INSW is 502,956 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for INSW have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.71 to $4.47 [9] - For the next fiscal year, two estimates have also moved upwards, reflecting positive sentiment regarding the company's earnings potential [9] Conclusion - Given the strong performance metrics and positive earnings outlook, INSW is identified as a 2 (Buy) stock with a Momentum Score of A, making it a promising candidate for near-term investment [11]