What Makes First Horizon National (FHN) a Strong Momentum Stock: Buy Now?

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 Summary: First Horizon National (FHN) - FHN currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, FHN shares increased by 1.87%, outperforming the Zacks Banks - Southwest industry, which rose by 0.73% [5] - In the last month, FHN's shares rose by 7.68%, compared to the industry's 3.58% [5] - Over the past quarter, FHN shares increased by 11.54%, and over the last year, they gained 62.89%, while the S&P 500 only moved 1.46% and 22.28%, respectively [6] - The average 20-day trading volume for FHN is 5,994,191 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for FHN have been revised upwards, with no downward revisions, increasing the consensus estimate from $1.55 to$1.67 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Conclusion - Considering the positive momentum indicators and earnings outlook, FHN is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]