PulteGroup (PHM) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1]. Group 1: Company Overview - PulteGroup (PHM) currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [2][5]. - Over the past week, PulteGroup shares increased by 2.5%, matching the performance of the Zacks Building Products - Home Builders industry [3]. - In the last quarter, PulteGroup shares rose by 13.13%, and over the past year, they have surged by 74.04%, significantly outperforming the S&P 500, which increased by 3.78% and 27.1% respectively [3]. Group 2: Earnings Outlook - In the last two months, 6 earnings estimates for PulteGroup have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $11.77 to $12.91 [4]. - For the next fiscal year, 7 estimates have also moved higher with no downward revisions, indicating positive earnings momentum [4]. Group 3: Trading Volume - PulteGroup's average 20-day trading volume is 1,825,814 shares, which serves as a bullish indicator when combined with rising stock prices [3].