Latest news with #momentum
Globe and Mail
6 days ago
- Business
- Globe and Mail
Finding overlooked quality U.S. stocks with strong momentum
With the S&P 500 trading within 4 per cent of its all-time high at the time of this writing, investor attention is focused on stocks showing strong momentum. Our screen aims to uncover outperforming U.S.-listed companies that combine robust price performance with solid fundamentals using Trading Central's proprietary Quality and Momentum factor rating approach. By including midcap names with liquidity filters, we're seeking quality stocks that may be overlooked by traditional analysts, yet are well-positioned in today's resilient equity market. Using Trading Central's Strategy Builder, we screened for U.S.-listed stocks with a market capitalization between US$500-million and US$5-billion, focusing our search on small- and midcap companies which are big enough to be stable and liquid, but small enough to still offer significant growth potential and possibly be overlooked by the broader market. To target liquid and tradable securities, we included only stocks with listed options and set a minimum share price of US$10, helping to avoid highly speculative or illiquid names. To identify stocks that have seen increased investor interest, we required the 10-day average trading volume to be at least equal to the 90-day average, signalling recent momentum in trading activity. We focused on companies demonstrating both strong price momentum and solid fundamentals by setting minimum Trading Central Momentum and Quality Factor Ratings of 60 out of 100, respectively. The quality-factor group measures the total financial strength of the company in regard to profitability, the robustness of its balance sheet and earnings quality. The momentum factor refers to the tendency of winning stocks to continue performing well in the near term. Finally, to ensure our screen included stocks maintaining positive trends, we required that each stock be no more than 15 per cent below its 52-week high, identifying companies trading near their recent peaks and exhibiting sustained strength. For informational purposes, we have also included year-to-date, and one-year return. Trading Central is a global leader in financial market research and investment analytics for retail online brokers and institutions. Its product suite provides actionable trading ideas based on technical and fundamental research covering stocks, exchange-traded funds, indexes, forex, options and commodities. Strategy Builder, our stock screener, is available through leading retail brokers in Canada and worldwide. Topping our list is Heritage Insurance Holdings Inc., a property and casualty insurer that has delivered a remarkable 185-per-cent return over the past year, the highest on our list. With a price-to-earnings ratio of just 9.21 and a momentum factor rating of 93, Florida-based Heritage stands out for both value and price momentum. Despite its modest market cap of US$720-million, the company's strong TC Quality Factor rating of 63 and sustained price rally make it a compelling choice for investors seeking under-the-radar growth. One Gas Inc., a regulated natural gas utility serving more than 2.3 million customers across Oklahoma, Kansas and Texas, has the highest market cap on our list at $4.41-billion. The Oklahoma-based company's stock has a TC Quality and Momentum factor rating of 63 and 87 respectively, which is strong. The stock has been outperforming the broad market like all the stocks in this screen, with a 25.6-per-cent return year-to-date. Vancouver's MAG Silver Corp., a leading precious metals producer, caught our attention because of its recent increase in trading volume. The stock's 10-day/90-day volume ratio of 1.51, the highest in our list, suggests it is currently attracting more attention from investors. The stock recently posted a new 52-week high. Trading Central Strategy Builder provides a back-testing capability to evaluate how well an investing strategy would have worked in the past. Using a five-year historical period with quarterly rebalancing, the screen described had an impressive 25-per-cent annualized return compared to 14 per cent for the S&P 500 Index. The investment ideas presented here are for information only. They do not constitute advice or a recommendation by Trading Central in respect of the investment in financial instruments. Investors should conduct further research before investing. Gary Christie is head of North American research at Trading Central in Ottawa.
Yahoo
23-05-2025
- Business
- Yahoo
Why Paypal (PYPL) is a Top Momentum Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term. Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. PayPal has emerged as one of the largest online payment solutions providers on the back of its strong product portfolio and two-sided platform that enables it to offer smooth and secure transaction facility to both customers and merchants. PYPL is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of A. Shares are down 1.4% over the past one week and up 14.7% over the past four weeks. PYPL has gained 15.2% in the last one-year period as well. Looking at trading volume, an average of 10,004,259 shares exchanged hands over the last 20 trading days. A company's earnings performance is important for momentum investors as well. For fiscal 2025, 11 analysts revised their earnings estimate higher in the last 60 days for PYPL, while the Zacks Consensus Estimate has increased $0.05 to $5.08 per share. PYPL also boasts an average earnings surprise of 14%. PYPL should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores. 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 PayPal Holdings, Inc. (PYPL) : 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
17-05-2025
- Business
- Yahoo
Here's Why Tenet Healthcare (THC) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. Founded in 1967 and headquartered in Dallas, TX, Tenet Healthcare Corp., is an investor-owned health care services company, which owns and operates general hospitals and related health care facilities for urban and rural communities in numerous states, and has offices in California and Florida. The company has investments in other health care companies and is one of the largest investor-owned health care delivery systems in the United States. THC boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Tenet Healthcare has seen some interesting price action recently; the stock is up 10% over the past one week and up 34.7% over the past four weeks. And in the last one-year period, THC has gained 28.2%. As for the stock's trading volume, 1,605,495.13 shares on average were traded over the last 20 days. Momentum investors also pay close attention to a company's earnings. For THC, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.66 to $12.69 per share for 2025. THC boasts an average earnings surprise of 26.4%. THC should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores. 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 Tenet Healthcare Corporation (THC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
