BGC Group (BGC) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Investment Strategy - The trend is a crucial factor in short-term investing, and confirming its sustainability is essential for profitability [1][2] - A predefined "Recent Price Strength" screen can help identify stocks on an uptrend supported by strong fundamentals [3] Group 2: Company Analysis - BGC Group - BGC Group (BGC) has shown a solid price increase of 23.1% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has also increased by 6.9% over the last four weeks, suggesting that the upward trend is still intact [5] - BGC is trading at 91.7% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - BGC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting strong optimism from the brokerage community regarding its near-term performance [7] Group 4: Additional Insights - The article suggests that BGC's price trend is unlikely to reverse soon, and there are other stocks that also meet the "Recent Price Strength" criteria [8] - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure past profitability [9]