Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

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Flowserve Corporation (FLS) is benefiting from positive trends in its key end markets and accretive acquisitions. Handsome rewards to shareholders add to the stock's appeal. Headquartered in Irving, TX, Flowserve is a leading manufacturer and aftermarket service provider of comprehensive flow control systems globally. It develops and manufactures precision-engineered flow control equipment, such as pumps, valves and seals, for critical service applications that require high reliability. Shares of FLS have g ...

Flowserve (FLS) shares ended the last trading session 7.3% higher at $52.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.2% loss over the past four weeks. Flowserve's rally is largely driven by optimism over its strong momentum in the Flowserve Pump Division and Flow Control Division segments. Also, the acquisition of the intellectual property and in-process R&D related to cryogenic liquefied natural gas (LNG ...

Investors in Flowserve Corporation (FLS) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $25.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It coul ...

Flowserve Corporation (FLS) stands to benefit from strength across its businesses, focus on operational excellence and solid liquidity position. The company remains focused on investing in growth opportunities and strengthening its long-term market position. FLS, which has a market capitalization of $6.5 billion, currently carries a Zacks Rank #2 (Buy). Let's delve into the factors that have been aiding the firm for a while now. End-Market Strength: The company is witnessing several positive trends in its k ...

Flowserve (FLS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings pict ...

Flowserve Corporation (FLS) recently announced that it has signed a definitive deal to acquire MOGAS Industries for $290 million in cash with a potential $15 million earnout. The company is anticipated to fund the transaction through cash and available debt financing. Based in Houston, TX, MOGAS is engaged in providing mission-critical severe service valves and related aftermarket services. The company's products are sold to several end markets, including power, mining and process industries. It has an exte ...

Flowserve Corporation (FLS) is experiencing strong momentum in the Flowserve Pump Division and Flow Control Division segments. Strength in the aftermarket and original equipment businesses, driven by an increase in demand for products and services in North America, Europe Middle East and Latin America, is a prime catalyst for the Flowserve Pump Division segment's growth (revenues were up 6.1% year over year in the second quarter). An increase in original equipment sales in the Middle East, North America, As ...

Flowserve Corporation's (FLS) second-quarter 2024 adjusted earnings (excluding 18 cents from non-recurring items) of 73 cents per share beat the Zacks Consensus Estimate of 63 cents. The bottom line increased 40.4% year over year. Results primarily benefited from higher revenues, partially offset by an increase in operating costs and expenses. Flowserve's total revenues of $1.16 billion beat the consensus estimate of $1.12 billion. The top line increased 7.1% year over year. Sales increased 7.7% on a consta ...