Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Kingfisher PLC (KGFHY) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements the Style Scores, with KGFHY rated 2 (Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics - KGFHY shares have increased by 15.09% over the past week, outperforming the Zacks Retail - Miscellaneous industry, which rose by 2.68% [5] - Over the last quarter, KGFHY shares have surged by 36.42%, and over the past year, they have gained 55.27%, while the S&P 500 has only increased by 4.57% and 31.09%, respectively [6] - The average 20-day trading volume for KGFHY is 115,382 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for KGFHY show positive trends, with 2 estimates moving higher for the full year, raising the consensus estimate from 0.52 [9] - For the next fiscal year, 2 estimates have also increased, with no downward revisions, reinforcing the stock's positive outlook [9] - Overall, KGFHY's strong performance metrics and positive earnings outlook contribute to its status as a 2 (Buy) stock with a Momentum Score of A [9]
Here's Why Kingfisher PLC (KGFHY) is a Great Momentum Stock to Buy