Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to MSCI (MSCI)

MSCI Inc. provides investment decision support tools, including indexes; portfolio construction and risk management products and services; Environmental, Social and Governance (ESG) research and ratings; and real estate research, reporting and benchmarking offerings.

MSCI was added to the Zacks Focus List on October 10, 2018 at $166.96 per share. Since then, shares have increased 253.6% to $590.37.

For fiscal 2024, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $14.79. MSCI boasts an average earnings surprise of 5%.

Additionally, MSCI's earnings are expected to grow 9.4% for the current fiscal year.

It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like MSCI, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.

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