Why Manulife Financial (MFC) is a Top Momentum Stock for the Long-Term

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Style Score identifies optimal times to invest based on price trends and earnings estimate changes [5] VGM Score - The VGM Score combines the three Style Scores to highlight stocks with attractive value, strong growth potential, and positive momentum, serving as a useful indicator alongside the Zacks Rank [6] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to assist investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] Stock to Watch: Manulife Financial (MFC) - Manulife Financial Corporation, based in Toronto, Canada, is a leading life insurer with growing operations in the U.S. and Asia, reporting earnings through six divisions [11] - MFC holds a 3 (Hold) Zacks Rank and a VGM Score of A, with a Momentum Style Score of B, reflecting a 12.7% increase in shares over the past four weeks [12] - Analysts have revised MFC's fiscal 2024 earnings estimate upwards, with the Zacks Consensus Estimate rising by $0.03 to $2.74 per share, and an average earnings surprise of 8.1% [12][13]