Here's Why Ameriprise Financial Services (AMP) is a Strong Momentum Stock

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1][5] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market over a 30-day period [1][2] Zacks Style Scores Overview - Each stock is rated from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating better chances of outperforming [2] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [2][4] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [2] Momentum Score - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes [3] VGM Score - The VGM Score combines all three Style Scores to highlight stocks with the best value, growth potential, and momentum [4] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for maximizing return potential [6] Company Spotlight: Ameriprise Financial Services (AMP) - Ameriprise Financial, headquartered in Minneapolis, MN, manages assets worth $1.42 trillion as of March 31, 2024 [7] - AMP holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Momentum Style Score of B, having seen a 1.4% increase in shares over the past four weeks [7] - Recent upward revisions in earnings estimates by six analysts have raised the Zacks Consensus Estimate for AMP to $34.95 per share, reflecting an average earnings surprise of 2% [7]