Advertisement
Canada markets open in 8 hours 27 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7261
    -0.0003 (-0.04%)
     

  • CRUDE OIL

    84.25
    +1.52 (+1.84%)
     

  • Bitcoin CAD

    86,123.39
    +1,148.44 (+1.35%)
     

  • CMC Crypto 200

    1,289.35
    +403.81 (+44.49%)
     

  • GOLD FUTURES

    2,397.40
    -0.60 (-0.03%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,372.75
    -174.50 (-0.99%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,144.63
    -935.07 (-2.46%)
     

  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick

Zacks Equity Research
·2 min read

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

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?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

ADVERTISEMENT

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 sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is up 2.6% and up 8.2% over the past one-week and four-week period, respectively, and United Airlines has gained 9.2% in the last one-year period as well. Additionally, an average of 5,958,073.50 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For UAL, 11 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.51 to $9.03 per share for 2023. UAL boasts an average earnings surprise of 9.1%.

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.

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

United Airlines Holdings Inc (UAL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research