Market Trend Analysis - July has historically been a strong month for the S&P 500, showing positive performance over the last 10 years and ranking as the top month in the last 20 years, especially in post-election years [1] - Strong performance in May and June may signal a continuation of the bull market, with the final six months of the year showing positive results 15 out of the last 16 times [2] - Historically, the S&P 500 has seen an average upside move of approximately 33% in July [3] Sector Performance & Investment Opportunities - Cyclical sectors such as financials, industrials, and technology are expected to lead market gains [4] - Defensive sectors are currently lagging, indicating a positive market environment [5] - Momentum stocks and ETFs are identified as potential opportunities to capitalize on the July rally [6][7][8] Investor Sentiment - Despite market trends, there is still a lack of widespread optimism among investors [6]

Uh here to go out on that limb is Shri Kumar, the president of Shrikumar Global Strategy. Shri, it's great to have you back. Good to be back, Kelly.And yes, I am going out on a limb and on a record day to be talking about a 10% correction coming by the end of the year. But the various macro factors that I'm looking at seems to suggest that there is no way this situation can continue. What are they.We are looking at truths in a sense in three different areas. One is the Iran um and Israel war. The second is ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Manchester United (MANU) - Manchester United currently holds a Momentum Style Score of B, indicating potential for solid momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong performance expectations [3] Price Performance - Over the past week, MANU shares increased by 0.7%, while the Zacks Leisure and Recreation Services industry rose by 2.13% [5] - In a longer timeframe, MANU's monthly price change is 36.55%, significantly outperforming the industry's 2.82% [5] - Over the past quarter, MANU shares have increased by 46.87%, and by 19.35% over the last year, compared to the S&P 500's gains of 6.01% and 13.18%, respectively [6] Trading Volume - The average 20-day trading volume for MANU is 383,856 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Recent earnings estimate revisions for MANU show one upward revision and no downward revisions, improving the consensus estimate from -$0.74 to -$0.38 over the past 60 days [9] - For the next fiscal year, there has been one upward estimate revision with no downward changes [9] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, MANU is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling option for near-term investment [11]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Ferguson plc (FERG) - Ferguson plc currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - FERG shares have increased by 1.03% over the past week, while the Zacks Manufacturing - General Industrial industry remained flat [5] - Over the past month, FERG's price change is 19.82%, significantly outperforming the industry's 0.87% [5] - In the last quarter, FERG shares rose by 36.33%, and over the past year, they gained 14.12%, compared to the S&P 500's increases of 6.01% and 13.18%, respectively [6] Trading Volume - The average 20-day trading volume for FERG is 1,819,122 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 9 earnings estimates for FERG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $8.83 to $9.45 [9] - For the next fiscal year, 9 estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, FERG is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Evercore (EVR) - Evercore currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4]. Performance Metrics - Over the past week, Evercore's shares increased by 1.84%, outperforming the Zacks Financial - Investment Bank industry, which rose by 1.49% [6]. - In a longer timeframe, Evercore's shares have risen by 32.28% over the past three months and 36.33% over the past year, while the S&P 500 only increased by 6.01% and 13.18%, respectively [7]. - The average 20-day trading volume for Evercore is 493,485 shares, indicating a bullish sign with rising stock prices [8]. Earnings Outlook - In the last two months, two earnings estimates for Evercore have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.67 to $11.41 [10]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, Evercore is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11][12].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Company Overview - Alamo Group (ALG) currently has a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company is rated 2 (Buy) by the Zacks Rank, which has a strong track record of outperforming the market [4] Performance Metrics - Over the past week, ALG shares increased by 0.96%, while the Zacks Manufacturing - Farm Equipment industry rose by 1.4% [6] - In a longer time frame, ALG's monthly price change is 7.57%, significantly outperforming the industry's 0.35% [6] - Over the past quarter, ALG shares have increased by 20.74%, and by 26.7% over the last year, compared to the S&P 500's gains of 6.01% and 13.18%, respectively [7] Trading Volume - ALG's average 20-day trading volume is 136,793 shares, which serves as a useful baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for ALG has moved higher, while none have moved lower, raising the consensus estimate from $10.42 to $10.85 [10] - For the next fiscal year, one estimate has also increased, with no downward revisions during the same period [10] Conclusion - Given the positive performance metrics and earnings outlook, ALG is positioned as a promising momentum pick for investors [12]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Sc ...