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Here's Why CNH Industrial (CNHI) is a Strong Momentum Stock

Zacks Equity Research
·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

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CNH Industrial (CNHI)

CNH Industrial is one of the leading equipment and services company engaged in manufacture and sale of agricultural and construction equipment. Currently, CNH Industrial has a commercial presence in approximately 180 countries.

CNHI is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of A. Shares are up 5.3% over the past one week and up 9.9% over the past four weeks. CNHI has lost 27.6% in the last one-year period as well. Looking at trading volume, an average of 3,590,469.25 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2022, three analysts revised their earnings estimate higher in the last 60 days for CNHI, while the Zacks Consensus Estimate has increased $0.02 to $1.38 per share. CNHI also boasts an average earnings surprise of 27.7%.

CNHI 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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CNH Industrial N.V. (CNHI) : Free Stock Analysis Report
 
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Zacks Investment Research