Yahoo Finance Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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?
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.
Booking Holdings (BKNG)
Norwalk, CT-based Booking Holdings Inc. is one of the largest online travel companies in the world. The company’s travel-related offerings cover hotel rooms, airline tickets, rental cars, vacation packages, cruises, “things to do” at customer destinations and travel insurance.
BKNG sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is down 1.9% and up 1.3% over the past one-week and four-week period, respectively, and Booking Holdings has gained 64.1% in the last one-year period as well. Additionally, an average of 233,261.84 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For BKNG, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $6.84 to $144.29 per share for 2023. BKNG boasts an average earnings surprise of 16.6%.
BKNG should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Booking Holdings Inc. (BKNG) : Free Stock Analysis Report
