Why Affiliated Managers Group (AMG) is a Top Momentum Stock for the Long-Term

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores offer a systematic approach to evaluate stocks based on value, growth, and momentum [2][3][4] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] - Value Score emphasizes identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score assesses a company's potential for long-term growth based on earnings and sales projections [3] - Momentum Score tracks price trends to identify favorable investment opportunities [3] - VGM Score combines all three styles to highlight stocks with the best overall potential [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios [5] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [5] - The model includes a large number of stocks, making it essential for investors to filter based on Style Scores for optimal selection [5][6] Affiliated Managers Group (AMG) - AMG is a global asset manager with a current Zacks Rank of 3 (Hold) and a VGM Score of B [7] - The company has a strong Momentum Style Score of A, with shares increasing by 3.6% over the past month [7] - Recent upward revisions in earnings estimates indicate positive momentum, with the Zacks Consensus Estimate rising by $1.08 to $21.15 per share for fiscal 2024 [7] - AMG has an average earnings surprise of 7.1%, making it a noteworthy option for investors [7]