Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
SAIC (SAIC)
Science Applications International Corporation (SAIC) is one of the leading information technology ("IT") and professional services provider, primarily to the U.S. government. Founded in 1969, the company’s headquarter is located at Reston, VA.
SAIC is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of B and VGM Score of B. Shares are up 2.9% over the past one week and up 6.4% over the past four weeks. SAIC has gained 29.7% in the last one-year period as well. Looking at trading volume, an average of 242,316.84 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For SAIC, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $7.88 per share for 2024. SAIC boasts an average earnings surprise of 27.4%.
SAIC should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Science Applications International Corporation (SAIC) : Free Stock Analysis Report
