Core Insights - Momentum investing focuses on "buying high and selling higher" rather than traditional "buying low and selling high" strategies [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [2] - A safer investment strategy involves targeting bargain stocks that exhibit recent price momentum [3] Company Analysis: Chegg (CHGG) - Chegg has shown a recent price momentum with a four-week price change of 2%, indicating growing investor interest [4] - Over the past 12 weeks, CHGG's stock has gained 4.2%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - CHGG has a beta of 1.85, suggesting it moves 85% more than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of A, suggesting it is an opportune time to invest [6] - CHGG has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - The stock is currently trading at a Price-to-Sales ratio of 0.32, indicating it is undervalued, as investors pay only 32 cents for each dollar of sales [7] - Overall, CHGG appears to have significant growth potential while being attractively priced [8]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Corning (GLW) currently holding a Momentum Style Score of A [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperformance; GLW has a Zacks Rank of 2 (Buy) [3] Group 2: Corning's Performance Metrics - GLW shares have increased by 3.27% over the past week, outperforming the Zacks Communication - Components industry, which rose by 0.16% [5] - Over the past quarter, GLW shares have risen by 49.19%, and by 74.76% over the last year, compared to the S&P 500's increases of 8.73% and 17.21% respectively [6] - The average 20-day trading volume for GLW is 10,055,695 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, 5 earnings estimates for GLW have moved higher, with no downward revisions, increasing the consensus estimate from $2.35 to $2.47 [9] - For the next fiscal year, 5 estimates have also moved upwards, indicating positive sentiment [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, GLW is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a promising near-term investment [11]

Group 1: Company Overview - Credo Technology Group Holding Ltd. (CRDO) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Group 2: Price Performance - CRDO shares have increased by 4.67% over the past week, while the Zacks Electronics - Semiconductors industry has risen by 4.89% during the same period [6] - Over the past month, CRDO's price change is 9.95%, outperforming the industry's 6.36% [6] - In the last quarter, CRDO shares have surged by 54.83%, and over the past year, they have gained an impressive 364.11% [7] - In comparison, the S&P 500 has only moved 8.73% and 17.21% over the same respective periods [7] Group 3: Trading Volume - The average 20-day trading volume for CRDO is 6,290,745 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - Over the past two months, four earnings estimates for CRDO have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $1.48 to $2.03 [10] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [10] Group 5: Conclusion - Given the strong momentum indicators and positive earnings outlook, CRDO is positioned as a promising investment opportunity [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: Ciena's Momentum Style Score - Ciena (CIEN) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The Zacks Rank for Ciena is 1 (Strong Buy), suggesting a favorable outlook for the stock [4] Group 2: Price Performance - Ciena's shares have increased by 5.4% over the past week, significantly outperforming the Zacks Communication - Components industry, which rose by only 0.16% [6] - Over the past month, Ciena's stock price has surged by 40.13%, compared to the industry's 2.13% [6] - In the last quarter, Ciena's shares rose by 68.56%, and over the past year, they have increased by 119.61%, while the S&P 500 only moved 8.73% and 17.21% respectively [7] Group 3: Trading Volume - Ciena's average 20-day trading volume is 3,300,728 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - In the past two months, 7 earnings estimates for Ciena have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.26 to $2.45 [10] - For the next fiscal year, 7 estimates have also moved higher without any downward revisions [10] Group 5: Conclusion - Given the strong performance metrics and positive earnings outlook, Ciena is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [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] Company Overview: AAR (AIR) - AAR currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - AAR shares have increased by 1.5% over the past week, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 1.14% [6] - Over the last quarter, AAR shares have risen by 15.67%, and by 29.58% over the past year, compared to the S&P 500's increases of 8.73% and 17.21%, respectively [7] - The average 20-day trading volume for AAR is 453,025 shares, indicating a bullish trend when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for AAR has increased, while none have decreased, raising the consensus estimate from $4.43 to $4.50 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10] Conclusion - Given the strong performance metrics and positive earnings outlook, AAR is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11][12]

Group 1 - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - Shoals Technologies Group (SHLS) currently holds a Momentum Style Score of B, indicating potential as a momentum pick [2][11] - The Zacks Rank for SHLS is 2 (Buy), suggesting a favorable outlook based on historical performance of stocks with similar ratings [3] Group 2 - SHLS shares have increased by 5.96% over the past week, while the Zacks Solar industry has remained flat during the same period [5] - Over the last month, SHLS has seen a price change of 15.02%, outperforming the industry average of 3.3% [5] - In the last three months, SHLS shares have risen by 26.76%, and by 32.98% over the past year, compared to the S&P 500's increases of 8.73% and 17.21%, respectively [6] Group 3 - The average 20-day trading volume for SHLS is 5,053,139 shares, which serves as a bullish indicator when combined with rising stock prices [7] - In the past two months, five earnings estimates for SHLS have been revised upwards, increasing the consensus estimate from $0.35 to $0.38 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [9]

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: Hallador Energy (HNRG) - Hallador Energy currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4] Performance Metrics - HNRG shares have increased by 9.8% over the past week, significantly outperforming the Zacks Alternative Energy - Other industry, which rose by 1.14% [6] - Over the past month, HNRG's price change is 16.73%, compared to the industry's 2.96% [6] - In the last quarter, HNRG shares rose by 18.02%, and over the past year, they gained 117.27%, while the S&P 500 only increased by 8.73% and 17.21%, respectively [7] Trading Volume - The average 20-day trading volume for HNRG is 496,924 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for HNRG have been revised upwards, raising the consensus estimate from -$0.11 to $0.57 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Hallador Energy is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment opportunity [12]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum by focusing on price changes and earnings estimate revisions [2][3] Group 2: Eletrobras (EBR) Performance - Eletrobras currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy) [3][4] - EBR shares have increased by 10.15% over the past week, while the Zacks Utility - Electric Power industry has decreased by 0.76% [6] - Over the past quarter, EBR shares have risen by 24.01%, and by 28.42% over the last year, outperforming the S&P 500's gains of 8.73% and 17.21% respectively [7] Group 3: Trading Volume and Earnings Outlook - EBR's average 20-day trading volume is 1,917,782 shares, indicating a bullish sign with rising stock prices [8] - In the past two months, one earnings estimate for EBR has increased, raising the consensus estimate from $0.08 to $0.09 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive earnings outlook [10] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, Eletrobras is positioned as a promising investment opportunity with a Momentum Score of A [12]

Company Overview - SiTime (SITM) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [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, SiTime shares have increased by 20.33%, significantly outperforming the Zacks Electronics - Miscellaneous Products industry, which rose by 1.48% [5] - The monthly price change for SiTime is 21.15%, compared to the industry's 3.06% [5] - In the last quarter, SiTime shares have risen by 38.3%, and over the past year, they have increased by 67.71%, while the S&P 500 has only moved 8.73% and 17.21% respectively [6] Trading Volume - SiTime's average 20-day trading volume is 373,288 shares, which is a useful indicator of market interest and can signal bullish or bearish trends [7] Earnings Estimates - In the past two months, three earnings estimates for SiTime have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.60 to $2.22 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - SiTime is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for investors seeking short-term gains [11]

Market Overview - The U.S. equity markets have experienced a downturn recently, primarily due to a pullback in blue-chip tech stocks, which has negatively impacted the overall market [1] - The 10-year Treasury yield has increased to 4.2%, influenced by solid economic data, including a revision of second-quarter GDP growth from 3.3% to 3.8% [1][2] - Weekly jobless claims decreased to 218,000 from 232,000, contrasting with expectations of 235,000 claims, indicating a robust job market [1][2] Federal Reserve and Interest Rates - The strong job market and revised GDP estimates have raised concerns about the Federal Reserve's potential interest rate cuts, following a recent reduction of 25 basis points to a range of 4.00%-4.25% [2] - Investors are awaiting the personal consumption expenditures price index reports for August for further insights into the Fed's rate cut policy [2] Momentum Investing Strategy - Momentum investing is highlighted as a strategy to capitalize on current trends, based on the principle of "buying high and selling higher" [3] - This strategy aims to profit from the tendency to extrapolate current trends into the future before mean reversion occurs [3] Screening Parameters for Momentum Stocks - The screening process identifies stocks with the best percentage price change over the last 52 weeks, selecting the top 50 performers [5] - From these, the bottom 10 performers over the past week are chosen to identify those experiencing short-term pullbacks [6] - Stocks with a Zacks Rank 1 (Strong Buy) and a Momentum Style Score of B or better are prioritized, indicating a higher probability of success [7] Selected Stocks - Wolverine World Wide, Inc. has seen a 62.5% increase over the past year but experienced an 8.2% decline last week, holding a Momentum Score of B [9][11] - Carpenter Technology Corporation has risen 48.9% in the past year but fell 5.8% last week, also with a Momentum Score of B [12][13] - Astera Labs, Inc. has surged 266.5% over the past year but dropped 20.3% last week, backed by a Momentum Score of A [14][15]