Latest news with #MomentumInvesting
Yahoo
6 days ago
- Business
- Yahoo
Here's Why Spok Holdings (SPOK) is a Great Momentum Stock to Buy
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. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Spok Holdings (SPOK), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Spok Holdings currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if SPOK is a promising momentum pick, let's examine some Momentum Style elements to see if this communications services provider holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For SPOK, shares are up 5.95% over the past week while the Zacks Wireless National industry is down 0.53% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 3.39% compares favorably with the industry's 0.82% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Spok Holdings have increased 14.34% over the past quarter, and have gained 30.75% in the last year. On the other hand, the S&P 500 has only moved 11.71% and 19.86%, respectively. Investors should also pay attention to SPOK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SPOK is currently averaging 116,850 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SPOK. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost SPOK's consensus estimate, increasing from $0.82 to $0.86 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that SPOK is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Spok Holdings on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Spok Holdings, Inc. (SPOK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Stock Screening Made Simple: A Closer Look
Stock screening is commonly deployed by investors to 'cut through the noise.' The approach is especially useful when considering the thousands of options to choose from, which can often overwhelm investors. Screening is essentially the same idea as constructing a grocery list. A list helps you easily navigate a store, allowing you to quickly find what you're looking for without wasting a chunk of time. But it an quickly become overwhelming, particularly when investors are unsure what to look. In addition, it's not as simple as a one-screen-fits-all approach, as investors all have different preferences. Let's take a closer look at screening and a few parameters available at Zacks that investors can deploy to find the stocks that they want. Screening Parameters Parameters can be seen as the 'ingredients' of a recipe, excluding any irrelevant information. Digging deeper, parameters can be fine-tuned for any investing style, whether that be momentum, value, growth, or income-based. Value Investing Value investors can add several parameters to their screens to find high-quality stocks trading at a discount. A few of these include the Price-to-Earnings (P/E) ratio, the Price-to-Sales (P/S) ratio, and the Price-to-Book (P/B) ratio. Zacks has several premium screens tailored toward value-focused strategies that have these parameters built in. Momentum Investing Momentum investing is all about riding the current trend, jumping into stocks that have enjoyed buying pressure. A few parameters investors can deploy for momentum-focused screens include the percentage price change in the stock over the last month, average volume, and price as a percentage of the 52-week high-low range. Zacks has many momentum-based screens with these parameters built in. Growth Investing Growth-oriented strategies are aimed at companies expected to grow their sales and earnings at an above-average level, a development that commonly leads to share outperformance. A few key parameters for growth investors include last year's earnings and sales growth rates, expected growth rates for the current year, and the long-term expected EPS growth rate. One of the Zacks premium growth screens provided us with a few stocks upon running: Credo Technology CRDO and Robinhood Markets HOOD, two great examples of companies that have enjoyed rapid growth. Credo Technology has benefited from the AI frenzy, with CRDO's results regularly highlighting strong demand. Robinhood Markets has enjoyed serious user growth, also reflected in HOOD's quarterly releases. Income Investing Income-focused investing is all about passive income, with dividend-paying stocks commonly being more 'stable.' Many dividend-paying companies are mature and, at the end of their growth cycle, opting to share profits with shareholders rather than reinvesting for the future. A few parameters investors can deploy when searching for dividend-paying stocks include current dividend yield and the 5-year historical dividend growth rate. No different than those above, Zacks already has several premium income-focused screens available for use. Bottom Line Screens are very useful tools for investors to filter out the noise, allowing for full focus on preferred parameters. The process can often be overwhelming, though, with some unsure of what parameters to include. However, for those not interested in building out an individual screen, Zacks has many pre-built screens tailored toward common strategies, a list that includes growth, value, momentum, and income. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report Credo Technology Group Holding Ltd. (CRDO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Lincoln Electric Holdings (LECO) Is Up 2.59% in One Week: What You Should Know
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "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 momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Lincoln Electric Holdings (LECO), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Lincoln Electric Holdings currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for LECO that show why this manufacturer of specialized welding products and other equipment shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For LECO, shares are up 2.59% over the past week while the Zacks Manufacturing - Tools & Related Products industry is up 2.9% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.49% compares favorably with the industry's 0.28% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Lincoln Electric Holdings have increased 28.81% over the past quarter, and have gained 21.3% in the last year. In comparison, the S&P 500 has only moved 11.66% and 15.86%, respectively. Investors should also take note of LECO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now LECO is averaging 347,084 shares for the last 20 days.. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with LECO. Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost LECO's consensus estimate, increasing from $9.05 to $9.17 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period. Bottom Line Taking into account all of these elements, it should come as no surprise that LECO is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Lincoln Electric Holdings on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-08-2025
- Business
- Yahoo
What Makes Comfort Systems (FIX) a Strong Momentum Stock: Buy Now?
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. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Comfort Systems (FIX), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Comfort Systems currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Let's discuss some of the components of the Momentum Style Score for FIX that show why this heating, ventilation and air conditioning company shows promise as a solid momentum pick. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For FIX, shares are up 24.28% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is up 5.53% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 30% compares favorably with the industry's 0.79% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Comfort Systems have risen 60.15%, and are up 115.29% in the last year. In comparison, the S&P 500 has only moved 14.12% and 16.19%, respectively. Investors should also pay attention to FIX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FIX is currently averaging 406,624 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FIX. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost FIX's consensus estimate, increasing from $18.99 to $21.04 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period. Bottom Line Given these factors, it shouldn't be surprising that FIX is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Comfort Systems on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
18-07-2025
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Unity Software Inc. (U) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "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 momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Unity Software Inc. (U), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Unity Software Inc. currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if U is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For U, shares are up 10.72% over the past week while the Zacks Internet - Software industry is down 2.73% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 52.74% compares favorably with the industry's 2.93% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Unity Software Inc. have increased 63.69% over the past quarter, and have gained 123.09% in the last year. On the other hand, the S&P 500 has only moved 19.7% and 14.09%, respectively. Investors should also take note of U's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now U is averaging 14,861,725 shares for the last 20 days.. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with U. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost U's consensus estimate, increasing from -$0.90 to -$0.80 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Bottom Line Given these factors, it shouldn't be surprising that U is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Unity Software Inc. on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unity Software Inc. (U) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
