Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
Gartner (IT)
Headquartered in Stamford, Connecticut, Gartner, Inc. is reportedly the worlds leading information technology research and advisory firm. The company offers rich domain expertise and technology-related insight necessary for informed decision-making process.
IT boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Gartner has seen some interesting price action recently; the stock is up 3.5% over the past one week and up 5.2% over the past four weeks. And in the last one-year period, IT has gained 45%. As for the stock's trading volume, 258,666.80 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.09 to $11.64 per share. IT boasts an average earnings surprise of 17.4%.
Investors should take the time to consider IT for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Gartner, Inc. (IT) : Free Stock Analysis Report