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Why Sysco (SYY) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2 min read

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

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.

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Sysco (SYY)

Headquartered in Houston, TX, Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. The company provides products and related services to approximately 425,000 customers, including restaurants, health care and educational facilities, lodging establishments and other foodservice customers.

SYY boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Sysco has seen some interesting price action recently; the stock is up 0.1% over the past one week and up 0.1% over the past four weeks. And in the last one-year period, SYY has gained 3.4%. As for the stock's trading volume, 2,860,946 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For SYY, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $4.31 per share for 2024. SYY boasts an average earnings surprise of 2%.

Investors should take the time to consider SYY for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Sysco Corporation (SYY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research