雅虎香港財經 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.
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?
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.
Alaska Air Group (ALK)
Alaska Air Group, together with its partner regional carriers, serves more than 120 cities across North America. The carrier’s mainline operating fleet included 203 B737 jet aircrafts and 22 Airbus A320 family jets as of Dec 31, 2022. ALK's regional operations include flights operated by Horizon Air, which was acquired in 1986 and SkyWest. The carrier's mainline and regional fleet strength at the end of 2022 was 225 and 86respectively. The carrier serves more than 115 destinations.
ALK boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Alaska Air Group has seen some interesting price action recently; the stock is down 2.3% over the past one week and up 2.3% over the past four weeks. And in the last one-year period, ALK has gained 1.2%. As for the stock's trading volume, 2,608,671.50 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. Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.36 to $4.68 per share. ALK boasts an average earnings surprise of 22.7%.
ALK 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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Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
