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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?
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.
United Airlines (UAL)
United Airlines Holdings is based in Chicago. The carrier changed its name from United Continental Holdings to United Airlines Holdings in June 2019. It is the holding company for both United Airlines and Continental Airlines.
UAL boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of United Airlines has seen some interesting price action recently; the stock is up 0.3% over the past one week and up 10.3% over the past four weeks. And in the last one-year period, UAL has gained 176.6%. As for the stock's trading volume, 4,186,243.25 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, six analysts revised their earnings estimate higher in the last 60 days for UAL, while the Zacks Consensus Estimate has increased $0.11 to $10.34 per share. UAL also boasts an average earnings surprise of 26.9%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding UAL to their portfolios.
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United Airlines Holdings Inc (UAL) : Free Stock Analysis Report