Are You Looking for a Top Momentum Pick? Why Fox Corporation (FOX) is a Great Choice

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Fox Corporation (FOX) - Fox Corporation currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Price Performance - Over the past week, FOX shares increased by 0.82%, while the Zacks Broadcast Radio and Television industry declined by 1.71% [5] - In the last month, FOX's price change was 7.54%, outperforming the industry's 4.07% [5] - Over the past quarter, FOX shares rose by 15.03%, and over the last year, they gained 36.33%, compared to the S&P 500's increases of 2.85% and 17.84%, respectively [6] Trading Volume - FOX's average 20-day trading volume is 1,601,588 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for FOX have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $4.14 to $4.46 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, FOX is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]