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

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

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

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.

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 Jun 30, 2022, Hilton's development pipeline comprised nearly 2,780 hotels, with nearly 413,000 rooms across 114 countries and territories — including 29 countries and territories where it currently has no running hotels. Moreover, 246,000 rooms in the development pipeline were located outside the United States and 195,000 rooms were under construction.

HLT is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 3.2% over the past one week and up 0.6% over the past four weeks. HLT has gained 2.7% in the last one-year period as well. Looking at trading volume, an average of 1,671,562.63 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For HLT, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.39 to $4.40 per share for 2022. HLT boasts an average earnings surprise of 10%.

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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