Alaska Air Group (ALK) is a Great Momentum Stock: Should You Buy?

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 Alaska Air Group (ALK) currently holding a Momentum Style Score of B [2] Group 2: Alaska Air Group Performance - Alaska Air Group has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3] - Over the past week, ALK shares increased by 3.65%, while the Zacks Transportation - Airline industry remained flat [5] - In the last month, ALK shares rose by 10.68%, significantly outperforming the industry’s 0.87% [5] - Over the past quarter, ALK shares have increased by 38.84%, and over the last year, they have gained 97.8%, compared to the S&P 500's 1.43% and 21.95% respectively [6] Group 3: Trading Volume and Earnings Outlook - ALK's average 20-day trading volume is 2,695,075 shares, which is a useful indicator of market interest [7] - In the past two months, 6 earnings estimates for ALK have been revised upwards, raising the consensus estimate from $5.77 to$6.03 [9] - For the next fiscal year, 3 estimates have increased while 1 has decreased, indicating a positive trend in earnings outlook [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings revisions, ALK is positioned as a solid momentum pick with a Momentum Score of B [11]