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.
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?
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.
Amazon (AMZN)
Amazon.com is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. AMZN is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 1.6% over the past one week and up 0.5% over the past four weeks. AMZN has gained 93.3% in the last one-year period as well. Looking at trading volume, an average of 40,898,616 shares exchanged hands over the last 20 trading days. A company's earnings performance is important for momentum investors as well. For fiscal 2024, 16 analysts revised their earnings estimate higher in the last 60 days for AMZN, while the Zacks Consensus Estimate has increased $0.47 to $4.08 per share. AMZN also boasts an average earnings surprise of 51%. AMZN should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 is a Strong Momentum Stock (2024))
