Zacks Equity Research
·2 min read
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.
Amazon (AMZN)
Amazon.com is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. AMZN sits at a Zacks Rank #1 (Strong Buy), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 3.7% and up 0.4% over the past one-week and four-week period, respectively, and Amazon has gained 57.6% in the last one-year period as well. Additionally, an average of 35,258,916 shares were traded over the last 20 trading sessions. Momentum investors also pay close attention to a company's earnings. For AMZN, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.69 per share for 2023. AMZN boasts an average earnings surprise of 54.9%. AMZN should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 is a Top Momentum Stock for the Long-Term (2024))
