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.
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?
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.
Hilton Worldwide Holdings Inc. (HLT)
Founded in 1919 and headquartered in McLean, VA, Hilton Worldwide Holdings is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. As of Sep 30, 2022, Hilton's development pipeline comprised nearly 2,810 hotels, with nearly 416,000 rooms across 112 countries and territories — including 29 countries and territories where it currently has no running hotels. Moreover, 242,600 rooms in the development pipeline were located outside the United States and 204,200 rooms were under construction.
HLT is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are up 5.8% over the past one week and up 14.7% over the past four weeks. HLT has lost 1.8% in the last one-year period as well. Looking at trading volume, an average of 1,405,229.88 shares exchanged hands over the last 20 trading days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.02 to $4.54 per share. HLT boasts an average earnings surprise of 11.9%.
HLT 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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Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
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