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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

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.

Is This 1 Momentum Stock a Screaming Buy Right Now?

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.


Republic Services (RSG)

Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2023, the company operated through 364 collection operations, 246 transfer stations, 207 active landfills, 74 recycling centers, three treatment, recovery and disposal facilities, 22 treatment, storage and disposal facilities, 12 deep injection wells, 1 polymer center and 6 salt water disposal wells, across the United States and Canada. The company is engaged in 76 landfill gas-to-energy and renewable energy projects and had post-closure responsibility for 126 closed landfills.

RSG boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Republic Services has seen some interesting price action recently; the stock is up 0.8% over the past one week and up 0.5% over the past four weeks. And in the last one-year period, RSG has gained 27.4%. As for the stock's trading volume, 1,455,878.25 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, five analysts revised their earnings estimate higher in the last 60 days for RSG, while the Zacks Consensus Estimate has increased $0.08 to $6.05 per share. RSG also boasts an average earnings surprise of 7.8%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding RSG to their portfolios.

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