Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
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.
Is This 1 Momentum Stock a Screaming Buy Right Now?
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.
Expedia (EXPE)
Bellevue, Washington-based Expedia Group, Inc. is one of the largest online travel companies in the world. The company’s web portals focus on travel planning, travel purchases and travel experience sharing thus bringing suppliers and consumers of travel-related services together.
EXPE boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Expedia has seen some interesting price action recently; the stock is up 5% over the past one week and up 8.9% over the past four weeks. And in the last one-year period, EXPE has gained 65%. As for the stock's trading volume, 1,449,330.25 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for EXPE, while the Zacks Consensus Estimate has increased $0.05 to $11.58 per share. EXPE also boasts an average earnings surprise of 43.9%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding EXPE to their portfolios.
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Expedia Group, Inc. (EXPE) : Free Stock Analysis Report