Here's Why Fox (FOXA) is a Strong Momentum Stock

Zacks
2024-12-20

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?

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.

Fox (FOXA)

Headquartered in New York, Fox Corporation is a news, sports and entertainment content provider. It became a standalone, publicly-traded company on Mar 21, 2019 following the merger of Disney and Twenty-First Century Fox, Inc.

FOXA sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is up 3.2% and up 4.7% over the past one-week and four-week period, respectively, and Fox has gained 63% in the last one-year period as well. Additionally, an average of 3,919,833.50 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For FOXA, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.26 to $3.95 per share for 2025. FOXA boasts an average earnings surprise of 72.3%.

FOXA 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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Fox Corporation (FOXA) : Free Stock Analysis Report

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