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

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.

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.

F.N.B. (FNB)

Headquartered in Pittsburgh, PA, F.N.B. Corporation is a financial holding company. It offers commercial banking solutions, consumer banking products and services, and wealth management services through its subsidiary network, which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864.

FNB sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 5.9% and up 14.6% over the past one-week and four-week period, respectively, and F.N.B. has lost 3.5% in the last one-year period as well. Additionally, an average of 1,529,451.25 shares were traded over the last 20 trading sessions.

A company's earnings performance is important for momentum investors as well. For fiscal 2023, seven analysts revised their earnings estimate higher in the last 60 days for FNB, while the Zacks Consensus Estimate has increased $0.07 to $1.55 per share. FNB also boasts an average earnings surprise of 5.3%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding FNB to their portfolios.

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F.N.B. Corporation (FNB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research