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Here's Why Delek US Holdings (DK) is a Strong Momentum Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

Delek US Holdings (DK)

Founded in 2001, Brentwood, TN-based Delek US Holdings, Inc. is an independent refiner, transporter and marketer of petroleum products. The company’s operations are organized into three reportable segments: Refining, Logistics and Retail.

DK boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Delek US Holdings has seen some interesting price action recently; the stock is down 2.5% over the past one week and up 21.8% over the past four weeks. And in the last one-year period, DK has gained 36.9%. As for the stock's trading volume, 1,495,929.88 shares on average were traded over the last 20 days.

A company's earnings performance is important for momentum investors as well. For fiscal 2022, five analysts revised their earnings estimate higher in the last 60 days for DK, while the Zacks Consensus Estimate has increased $2.74 to $3.57 per share. DK also boasts an average earnings surprise of 172.3%.

Investors should take the time to consider DK for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.


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