Why Owens Corning (OC) is a Top Momentum Stock for the Long-Term

Company Overview - Owens Corning is a global leader in building materials systems and composite solutions, established in 1938, and recognized for its innovation in glass fiber technology [11] - The company's product offerings include glass fiber used in composite materials for various high-performance markets, including transportation, electronics, marine, infrastructure, wind energy, insulation, and roofing applications [11] Investment Rating - Owens Corning holds a 2 (Buy) rating on the Zacks Rank, indicating a favorable investment outlook [12] - The company has a VGM Score of A, suggesting strong overall performance across value, growth, and momentum metrics [12] Momentum and Earnings Estimates - The Momentum Style Score for Owens Corning is B, with shares having increased by 8.2% over the past four weeks [12] - In the last 60 days, three analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate rising by $1.29 to $15.37 per share [12] - Owens Corning has an average earnings surprise of 17.4%, indicating a history of exceeding earnings expectations [12] Conclusion - With a solid Zacks Rank and high Momentum and VGM Style Scores, Owens Corning is positioned as a strong candidate for investors seeking growth opportunities [13]