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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

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·2 min read
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

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.

Omnicom (OMC)

New York based Omnicom is one of the largest advertising, marketing and corporate communications companies in the world. The company’s agencies operate in all the major markets across the globe and provide an extensive range of services. Areas of operation include North America, Latin America, Europe, the Middle East, Australia, China, India, Japan, Korea, Africa, New Zealand, Singapore, and other Asian countries.

OMC is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are down 7.4% over the past one week and up 4% over the past four weeks. OMC has gained 3% in the last one-year period as well. Looking at trading volume, an average of 2,062,045 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For OMC, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.30 to $6.73 per share for 2022. OMC boasts an average earnings surprise of 15.1%.

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


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Omnicom Group Inc. (OMC) : Free Stock Analysis Report
 
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Zacks Investment Research