Why Artisan Partners Asset Management (APAM) is a Top Momentum Stock for the Long-Term
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.
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?
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.
Artisan Partners Asset Management (APAM)
Based in Milwaukee, WI, Artisan Partners Asset Management Inc. is an investment management firm focused on providing high-value added, active investment strategies to clients globally. Its investment teams manage a broad range of U.S., non-U.S. and global investment strategies that are diversified by asset class, market cap and investment style. The company was founded in 1994 and completed its initial public offering on Mar 12, 2013.
APAM boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Artisan Partners Asset Management has seen some interesting price action recently; the stock is up 3.4% over the past one week and up 2.6% over the past four weeks. And in the last one-year period, APAM has gained 19.9%. As for the stock's trading volume, 569,404.88 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.64 to $3.13 per share. APAM boasts an average earnings surprise of 21.1%.
APAM 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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Artisan Partners Asset Management Inc. (APAM) : Free Stock Analysis Report
