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 investors identify stocks with momentum by focusing on key metrics [2] Group 2: Company Analysis - Hawkins (HWKN) - Hawkins currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - Over the past week, HWKN shares increased by 2.36%, while the Zacks Chemical - Specialty industry rose by 2.56% [6] - In the last month, HWKN's shares rose by 11.02%, outperforming the industry's 1.83% [6] - Over the past quarter, HWKN shares increased by 3.88%, and over the last year, they surged by 54.74%, compared to the S&P 500's -6.91% and 13.12% respectively [7] Group 3: Trading Volume and Earnings Outlook - HWKN's average 20-day trading volume is 109,595 shares, which is a useful indicator of price movement and market interest [8] - In the past two months, one earnings estimate for HWKN increased, raising the consensus estimate from 4.01 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Group 4: Conclusion - Given the positive momentum indicators and earnings outlook, HWKN is positioned as a strong buy and a promising investment opportunity [12]
Here's Why Hawkins (HWKN) is a Great Momentum Stock to Buy