Frontdoor (FTDR) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Frontdoor (FTDR) - Frontdoor currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - FTDR shares have increased by 15.27% over the past week, while the Zacks Building Products - Miscellaneous industry has decreased by 6.16% during the same period [5] - Over the past month, FTDR's price change is 30.23%, significantly outperforming the industry's 1.84% [5] - In the last quarter, FTDR shares rose by 20.46%, and over the past year, they are up 19.57%, compared to the S&P 500's increases of 1.55% and 17.43%, respectively [6] Trading Volume - FTDR's average 20-day trading volume is 989,355 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for FTDR have been revised upwards, increasing the consensus estimate from $2.52 to$2.64 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, FTDR is positioned as a strong buy with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [9]