Here's Why United Rentals (URI) is a Strong Momentum Stock

Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks with the best chances of outperforming the market over the next 30 days [2][3] - Each stock is assigned a rating of A, B, C, D, or F based on its characteristics, with A being the highest score indicating the best chance of outperforming [3] Group 2: Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors looking for good stocks at good prices [3] Group 3: Growth Score - The Growth Score focuses on a stock's future prospects and financial health, analyzing projected and historic earnings, sales, and cash flow to find stocks with sustainable growth potential [4] Group 4: Momentum Score - The Momentum Score is designed for traders who capitalize on price trends, using factors like one-week price change and monthly earnings estimate changes to indicate favorable times to invest in high-momentum stocks [5] Group 5: VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating to help investors find companies with attractive value, strong growth forecasts, and promising momentum [6] Group 6: Zacks Rank and Performance - The Zacks Rank utilizes earnings estimate revisions to help investors create successful portfolios, with 1 (Strong Buy) stocks producing an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - There are over 800 top-rated stocks available, including more than 200 with a Strong Buy rank and 600 with a Buy rank, which can be overwhelming for investors [8] Group 7: Stock to Watch - United Rentals (URI) - United Rentals, Inc. is the largest equipment rental company globally, operating 1,600 rental locations across multiple countries, with an original equipment cost of $20.6 billion as of March 31, 2024 [12] - Equipment rentals accounted for 84% of total revenues in 2023, indicating a strong reliance on this segment [12] - URI has a Zacks Rank of 3 (Hold) and a VGM Score of A, with a Momentum Style Score of B, and shares have increased by 7.6% over the past four weeks [13] - Six analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.79 to $43.71 per share, and URI has an average earnings surprise of 6% [13][14]