Yahoo Finance Why TD SYNNEX (SNX) is a Top Momentum Stock for the Long-Term
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?
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.
TD SYNNEX (SNX)
Fremont, CA-based TD SYNNEX, founded in 1980, is a leading business process services company. The company was formerly known as SYNNEX Corporation. But it changed its name to TD SYNNEX in September 2021 following its merger with Tech Data Corporation.
SNX sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is up 2.6% and up 3.3% over the past one-week and four-week period, respectively, and TD SYNNEX has gained 33.2% in the last one-year period as well. Additionally, an average of 1,652,163.50 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For SNX, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.22 to $11.90 per share for 2024. SNX boasts an average earnings surprise of 7.7%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding SNX to their portfolios.
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TD SYNNEX Corporation (SNX) : Free Stock Analysis Report
