What Makes PulteGroup (PHM) a Strong Momentum Stock: Buy Now?

Core Insights - 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] - PulteGroup (PHM) currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][6] Price Performance - Over the past week, PulteGroup shares increased by 3.58%, outperforming the Zacks Building Products - Home Builders industry, which rose by 2.87% [3] - In the last month, PulteGroup's stock price rose by 3.4%, compared to the industry's 2.41% [3] - Over the past quarter, PulteGroup shares have risen by 10.54%, and over the last year, they have surged by 95.48%, while the S&P 500 increased by 10.16% and 28.53%, respectively [3] Trading Volume - PulteGroup's average 20-day trading volume is 1,712,974 shares, which serves as a baseline for price-to-volume analysis [4] Earnings Estimates - In the last two months, two earnings estimates for PulteGroup have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $11.72 to $11.78 [5] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [5] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, PulteGroup is positioned as a promising investment opportunity [6]