Are You Looking for a Top Momentum Pick? Why ASML (ASML) 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: ASML - ASML currently holds a Momentum Style Score of B, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Performance Metrics - ASML shares have increased by 9.67% over the past week, outperforming the Zacks Semiconductor Equipment - Wafer Fabrication industry, which rose by 8.71% [6] - Over the past month, ASML's shares have risen by 9.31%, significantly higher than the industry's 1.92% [6] - In the last quarter, ASML shares have gained 43.85%, and over the past year, they have increased by 58.48%, while the S&P 500 has only moved 6.55% and 14.51% respectively [7] Trading Volume - ASML's average 20-day trading volume is 1,438,099 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, five earnings estimates for ASML have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $28.21 to $29.02 [10] - For the next fiscal year, five estimates have also moved upwards without any downward revisions [10] Conclusion - Considering the positive performance metrics and earnings outlook, ASML is positioned as a strong momentum pick with a Zacks Rank of 2 (Buy) and a Momentum Score of B [12]