Why Sun Life (SLF) is a Top Momentum Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
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?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Sun Life (SLF)
Founded in 1865 and based in Toronto, Canada, Sun Life is the third largest insurer in Canada. The company is well diversified by geography and product, providing protection and wealth management products and services to individual and group customers worldwide, including in Canada, the United States, United Kingdom, Ireland, Hong Kong , the Philippines , Japan , Indonesia , India , China , Australia , Singapore , Vietnam , Malaysia and Bermuda.
SLF is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of B and VGM Score of A. Shares are up 4.8% over the past one week and up 6.8% over the past four weeks. SLF has gained 8.6% in the last one-year period as well. Looking at trading volume, an average of 608,834.88 shares exchanged hands over the last 20 trading days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for SLF, while the Zacks Consensus Estimate has increased $0.10 to $5.09 per share. SLF also boasts an average earnings surprise of 3.3%.
Investors should take the time to consider SLF for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Sun Life Financial Inc. (SLF) : Free Stock Analysis Report
