Are You Looking for a Top Momentum Pick? Why Fortis (FTS) 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: Fortis (FTS) - Fortis currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, Fortis shares increased by 1.48%, while the Zacks Utility - Electric Power industry declined by 0.83% [6] - In the last month, Fortis shares rose by 1.62%, compared to the industry's performance of 2.71% [6] - Over the past quarter, Fortis shares have risen by 4.92%, and over the last year, they are up 24.23%, significantly outperforming the S&P 500's increases of 2.92% and 14.29%, respectively [7] Trading Volume - Fortis has an average 20-day trading volume of 1,047,173 shares, which serves as a bullish indicator when the stock price is rising [8] Earnings Outlook - In the past two months, one earnings estimate for Fortis has increased, raising the consensus estimate from $2.47 to $2.49 for the full year [10] - For the next fiscal year, two estimates have moved upwards with no downward revisions during the same period [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, Fortis is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]