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MARKETS LIVE BLOG:

STOCKS WOBBLE AFTER COOLING U.S. PCE DATA RAISE FED HOPES

Fed's preferred inflation gauge shows prices rose at slowest pace since March 2021

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

Zacks Equity Research
·2 min read

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.

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?

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.

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KB Home (KBH)

Based in Los Angeles, CA, KB Home is a well-known homebuilder in the United States and one of the largest in the state. The company’s revenues are generated from Homebuilding (accounting for 99.5% of fiscal 2023 total revenues) and Financial Services (0.5%) operations.

KBH sits at a Zacks Rank #2 (Buy), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 0.7% and up 1.1% over the past one-week and four-week period, respectively, and KB Home has gained 35.8% in the last one-year period as well. Additionally, an average of 1,150,589.38 shares were traded over the last 20 trading sessions.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, three analysts revised their earnings estimate higher in the last 60 days for KBH, while the Zacks Consensus Estimate has increased $0.14 to $8.15 per share. KBH also boasts an average earnings surprise of 18.4%.

KBH 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

KB Home (KBH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research