First Horizon National (FHN) is a Great Momentum Stock: Should You Buy?

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: First Horizon National (FHN) - FHN currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [3] Performance Metrics - FHN shares have increased by 2.38% over the past week, outperforming the Zacks Banks - Southwest industry, which rose by 0.3% [5] - Over the past month, FHN's price change is 4.26%, compared to the industry's 4.09% [5] - In the last quarter, FHN shares rose by 18.58%, and over the past year, they gained 18.14%, while the S&P 500 increased by only 1.21% and 16.64%, respectively [6] Trading Volume - FHN's average 20-day trading volume is 6,662,200 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 6 earnings estimates for FHN have been revised upwards, increasing the consensus estimate from $1.95 to $2.14 [9] - For the next fiscal year, 3 estimates have also moved higher, with no downward revisions [9] Conclusion - Given the positive performance metrics and earnings outlook, FHN is positioned as a strong buy candidate with a Momentum Score of B, making it a potential pick for investors seeking short-term gains [11]