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?

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.

Sunoco LP (SUN)

Headquartered in Dallas, TX, Sunoco LP is a master limited partnership (MLP). The partnership’s prime business comprises the distribution of motor fuel to roughly 10,000 customers that include independent dealers, commercial customers, convenience stores as well as distributors. The customers are based in more than 30 states. Sunoco GP LLC, a general partner of the partnership, is owned by Energy Transfer Operating LP — an affiliate of Energy Transfer LP.

SUN sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 0.6% and up 0.5% over the past one-week and four-week period, respectively, and Sunoco LP has gained 6.4% in the last one-year period as well. Additionally, an average of 268,636.06 shares were traded over the last 20 trading sessions.

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 $1.08 to $9.29 per share. SUN boasts an average earnings surprise of 8.1%.

SUN 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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Sunoco LP (SUN) : Free Stock Analysis Report

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