廣告
香港股市 將收市,收市時間:5 小時 3 分鐘
  • 恒指

    17,338.03
    -131.33 (-0.75%)
     
  • 國指

    6,146.05
    -48.64 (-0.79%)
     
  • 上證綜指

    2,895.92
    -19.45 (-0.67%)
     
  • 滬深300

    3,412.83
    -27.05 (-0.79%)
     
  • 美元

    7.8085
    +0.0001 (+0.0014%)
     
  • 人民幣

    0.9312
    +0.0001 (+0.01%)
     
  • 道指

    40,358.09
    -57.35 (-0.14%)
     
  • 標普 500

    5,555.74
    -8.67 (-0.16%)
     
  • 納指

    17,997.35
    -10.22 (-0.06%)
     
  • 日圓

    0.0501
    +0.0001 (+0.28%)
     
  • 歐元

    8.4668
    -0.0085 (-0.10%)
     
  • 英鎊

    10.0630
    -0.0150 (-0.15%)
     
  • 紐約期油

    77.32
    +0.36 (+0.47%)
     
  • 金價

    2,415.20
    +7.90 (+0.33%)
     
  • Bitcoin

    65,875.95
    -1,753.84 (-2.59%)
     
  • CMC Crypto 200

    1,356.12
    -29.14 (-2.10%)
     

Here's Why Costco (COST) is a Strong Momentum Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

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?

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.

廣告

Costco (COST)

Based in Issaquah, Washington, Costco Wholesale Corporation sells high volumes of foods and general merchandise (including household products and appliances) at discounted prices through membership warehouses. It is one of the largest warehouse club operators in the United States. The company also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.

COST sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 1.2% and up 7.5% over the past one-week and four-week period, respectively, and Costco has gained 63.4% in the last one-year period as well. Additionally, an average of 1,739,836.25 shares were traded over the last 20 trading sessions.

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 COST, while the Zacks Consensus Estimate has increased $0.14 to $16.14 per share. COST also boasts an average earnings surprise of 2.3%.

COST should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Costco Wholesale Corporation (COST) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research