Are You Looking for a Top Momentum Pick? Why Elbit Systems (ESLT) 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: Elbit Systems (ESLT) - Elbit Systems currently holds a Momentum Style Score of B, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Performance Metrics - Over the past week, ESLT shares increased by 7.57%, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 0.6% [6] - In the last month, ESLT's price change was 24.44%, significantly higher than the industry's 8.1% [6] - Over the past quarter, shares of ESLT rose by 13.79%, and over the last year, they gained 121.17%, while the S&P 500 only increased by 4.03% and 16.96%, respectively [7] Trading Volume - ESLT's average 20-day trading volume is 102,069 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, two earnings estimates for ESLT have been revised upwards, increasing the consensus estimate from $11.83 to $12.41 [10] - For the next fiscal year, one estimate has moved up with no downward revisions, indicating positive earnings momentum [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Elbit Systems is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [12]