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 ...

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: ITT - ITT currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - The company supplies parts and services across various industries, positioning it as a solid momentum pick [4] Price Performance - ITT shares have increased by 2.45% over the past week, outperforming the Zacks Diversified Operations industry, which rose by 1.19% [6] - Over the last month, ITT's stock price has changed by 4.51%, significantly better than the industry's 0.69% [6] - In the longer term, ITT shares have gained 14.44% over the past quarter and 21.41% over the last year, compared to the S&P 500's increases of 7.76% and 18.58%, respectively [7] Trading Volume - ITT's average 20-day trading volume is 449,988 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions show positive momentum, with 2 estimates moving higher for the full year and none lower, raising the consensus estimate from $6.48 to $6.50 [10] - For the next fiscal year, 1 estimate has increased, with no downward revisions during the same period [10] Conclusion - Given the positive price trends, strong earnings outlook, and favorable momentum indicators, ITT is positioned as a promising investment opportunity [11][12]

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] Group 1: Company Overview - TE Connectivity (TEL) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - TEL has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Group 2: Price Performance - Over the past week, TEL shares increased by 0.4%, while the Zacks Electronics - Miscellaneous Components industry declined by 0.62% [5] - In the last quarter, TEL shares rose by 24.69%, and over the past year, they increased by 51.83%, significantly outperforming the S&P 500, which moved 7.36% and 19.22% respectively [6] Group 3: Trading Volume - TEL's average 20-day trading volume is 1,672,608 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, one earnings estimate for TEL has increased, raising the consensus estimate from $8.54 to $8.60 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Group 5: Conclusion - Given the positive momentum indicators and earnings outlook, TEL is positioned as a 2 (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: Universal Insurance Holdings (UVE) - UVE currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [4]. Performance Metrics - UVE shares have increased by 1.95% over the past week, outperforming the Zacks Insurance - Property and Casualty industry, which rose by 0.46% [6]. - Over the last month, UVE's price change is 15.32%, significantly higher than the industry's 1.73% [6]. - In the past quarter, UVE shares have risen by 19.7%, and over the last year, they have gained 35.1%, while the S&P 500 has only increased by 7.36% and 19.22%, respectively [7]. Trading Volume - UVE's average 20-day trading volume is 169,427 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for UVE has increased, while none have decreased, raising the consensus estimate from $2.65 to $4.34 [10]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, UVE is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [12].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Alignment Healthcare (ALHC) - ALHC currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - Over the past week, ALHC shares increased by 5.99%, while the Zacks Medical Services industry declined by 0.74% [5] - In a longer timeframe, ALHC shares rose by 24.31% over the past quarter and 52.2% over the last year, outperforming the S&P 500, which increased by 7.36% and 19.22% respectively [6] Trading Volume - ALHC's average 20-day trading volume is 4,794,561 shares, indicating a bullish sentiment as rising stocks with above-average volume are generally seen as positive [7] Earnings Outlook - In the last two months, one earnings estimate for ALHC has increased, while none have decreased, raising the consensus estimate from -$0.21 to -$0.18 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating positive earnings momentum [9] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, ALHC is recommended as a solid pick for investors seeking growth opportunities [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: Dycom Industries (DY) - Dycom Industries currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, DY shares have increased by 6.63%, significantly outperforming the Zacks Building Products - Heavy Construction industry, which rose by 0.68% [5] - In a longer timeframe, DY's shares have appreciated by 15.35% over the past month, compared to the industry's 3.35% [5] - Over the last quarter, DY shares have risen by 13.49%, and over the past year, they have gained 50.07%, while the S&P 500 has only increased by 7.36% and 19.22%, respectively [6] Trading Volume - DY's average 20-day trading volume is 396,922 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally seen as bullish [7] Earnings Outlook - In the past two months, four earnings estimates for DY have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.52 to $10.01 [9] - For the next fiscal year, four estimates have also moved higher, indicating a positive trend in earnings expectations [9] Conclusion - Considering the positive price momentum and favorable earnings outlook, DY is positioned as a 2 (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, with the aim of buying high and selling higher, capitalizing on established price movements [1]. Company Overview: US Gold Corp (USAU) - US Gold Corp currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [2][3]. - The stock has shown significant price performance, with a 46.2% increase over the past quarter and a remarkable 213.11% gain over the last year, outperforming the S&P 500's increases of 7.36% and 19.22% respectively [6]. Price Performance - Over the past week, USAU shares increased by 1.88%, while the Zacks Mining - Gold industry rose by 3.29%. The monthly price change for USAU is 43.63%, compared to the industry's 14.03% [5]. - The average 20-day trading volume for USAU is 393,354 shares, which is a useful indicator of market interest and momentum [7]. Earnings Outlook - In the last two months, one earnings estimate for USAU has been revised upward, while none have been revised downward, leading to an increase in the consensus estimate from -$0.65 to -$0.60 [9]. - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive sentiment regarding future earnings [9]. Conclusion - Considering the positive momentum indicators and earnings outlook, US Gold Corp is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1][2]. Company Overview: Novagold (NG) - Novagold currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3][4]. - The stock has shown significant price appreciation, with a 10.23% increase over the past week, compared to a 3.29% rise in the Zacks Mining - Gold industry [6]. - Over the last month, Novagold's shares have surged by 47.78%, outperforming the industry's 14.03% increase [6]. - In the longer term, Novagold's shares have risen 108.13% over the past three months and 190.41% over the past year, while the S&P 500 has only increased by 7.36% and 19.22%, respectively [7]. Trading Volume - The average 20-day trading volume for Novagold is 4,724,004 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions have been positive, with one estimate moving higher for the full year, raising the consensus estimate from -$0.12 to -$0.11 over the past 60 days [10]. - For the next fiscal year, one estimate has also increased, with no downward revisions noted during the same period [10]. Conclusion - Given the strong momentum indicators and positive earnings outlook, Novagold is positioned as a promising investment opportunity, meriting attention from investors seeking short-term gains [11].

Core Insights - 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] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum, addressing the challenges of defining momentum [2] Company Overview: Buenaventura (BVN) - Buenaventura currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - Over the past week, BVN shares increased by 11.14%, outperforming the Zacks Mining - Silver industry, which rose by 9.89% [6] - In a longer timeframe, BVN shares have risen by 45.08% over the past quarter and 74.06% over the past year, significantly outperforming the S&P 500's gains of 7.36% and 19.22%, respectively [7] Trading Volume - BVN's average 20-day trading volume is 1,465,343 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Over the past two months, one earnings estimate for BVN has increased, raising the consensus estimate from $1.43 to $1.66 for the full year, with no downward revisions [10] - The positive earnings estimate revisions contribute to BVN's strong momentum and Zacks Rank [9][10] Conclusion - Given the strong performance metrics and positive earnings outlook, Buenaventura is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [12]

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: Ovid Therapeutics (OVID) - Ovid Therapeutics currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4]. - The stock has shown significant price increases, with shares up 42.98% over the past week and 49.59% over the past month, outperforming the Zacks Medical - Biomedical and Genetics industry, which rose 1.09% and 5.31% respectively [6]. - Over the past quarter, OVID shares have risen 354.32%, and are up 60% in the last year, compared to the S&P 500's increases of 7.36% and 19.22% [7]. Trading Volume - OVID's average 20-day trading volume is 4,860,304 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, 5 earnings estimates for OVID have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.60 to -$0.49 [10]. - For the next fiscal year, 4 estimates have also moved upwards with no downward revisions [10]. Conclusion - Given the strong momentum indicators and positive earnings outlook, Ovid Therapeutics is positioned as a promising investment opportunity [12].