PulteGroup (PHM) is a Top-Ranked Momentum Stock: Should You Buy?

Core Viewpoint - Zacks Premium provides tools and resources to help investors make informed decisions and improve their investment strategies through various rankings and scores [1][2]. Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank [2][3]. - Each stock receives an alphabetic rating from A to F, with A indicating the highest potential for outperforming the market [3]. Value Score - The Value Style Score focuses on identifying undervalued stocks by analyzing financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3]. Growth Score - The Growth Style Score evaluates stocks based on projected and historical earnings, sales, and cash flow to identify those with sustainable growth potential [4]. Momentum Score - The Momentum Style Score assesses stocks based on recent price changes and earnings estimate trends, helping investors capitalize on upward or downward price movements [5]. VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for investors seeking stocks with attractive value, strong growth forecasts, and promising momentum [6]. Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to assist investors in building successful portfolios [7]. - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8]. Stock to Watch: PulteGroup - PulteGroup Inc. operates primarily in homebuilding and financial services, with 98% of its revenue coming from homebuilding as of 2023 [12]. - Currently rated 3 (Hold) with a VGM Score of A, PulteGroup has a Momentum Style Score of A and has seen a 4.6% increase in shares over the past four weeks [12][13]. - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing by $0.01 to$13.43 per share, alongside an average earnings surprise of 10.9% [13].