Here's Why MGIC Investment (MTG) is a Strong Momentum Stock

Core Insights - Zacks Premium offers various tools to enhance stock market investment confidence and knowledge [1][2] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [3] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5][6][7] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [4] Value Score - The Value Score identifies undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [4] Growth Score - The Growth Score assesses stocks based on projected earnings, sales, and cash flow to find those with sustainable growth potential [5] Momentum Score - The Momentum Score focuses on stocks with upward or downward price trends, utilizing recent price changes and earnings estimate revisions [6] VGM Score - The VGM Score combines all three Style Scores to provide a comprehensive evaluation of stocks based on value, growth, and momentum [7] Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection [8] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +23.81% since 1988 [9] Stock Recommendation: MGIC Investment - MGIC Investment Corp. is a leading private mortgage insurer in the U.S., focusing on sustainable homeownership [12] - MGIC is rated 2 (Buy) with a VGM Score of B and a Momentum Style Score of A, indicating strong investment potential [13] - Recent upward revisions in earnings estimates suggest a positive outlook, with the Zacks Consensus Estimate increasing by $0.11 to $3.12 per share [13]