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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

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?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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Howmet (HWM)

Headquartered in Pittsburgh, PA, Howmet Aerospace Inc. engages in providing engineered solutions for customers in the transportation and aerospace (both defense and commercial) industries. Notably, it offers forged wheels for commercial use in the transportation industry. It also provides aerospace fastening systems, components used in jet engines and structural parts made of titanium used in defense and aerospace applications.

HWM is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 2.5% over the past one week and up 9.4% over the past four weeks. HWM has gained 18.2% in the last one-year period as well. Looking at trading volume, an average of 3,448,488.50 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2022, two analysts revised their earnings estimate higher in the last 60 days for HWM, while the Zacks Consensus Estimate has increased $0.01 to $1.42 per share. HWM also boasts an average earnings surprise of 6.1%.

HWM 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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Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report
 
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Zacks Investment Research