Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

Zacks
2024-11-18

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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?

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.

Triumph Group (TGI)

Triumph Group Inc. based in Berwyn, PA, offers a variety of products and services to the aerospace industry. Triumph is capable of producing a wide range of aircraft parts including hydraulic, mechanical and electromechanical control systems, aircraft and engine accessories, structural components, auxiliary power units and avionics and aircraft instruments. The company serves a wide range of businesses within the aerospace industry, including commercial and regional airlines and air cargo carriers. Triumph is also an original equipment manufacturer (OEMs) of commercial, regional, business and military aircraft.

TGI boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Triumph Group has seen some interesting price action recently; the stock is up 13.1% over the past one week and up 19.8% over the past four weeks. And in the last one-year period, TGI has gained 66.9%. As for the stock's trading volume, 848,076.81 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For TGI, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $0.54 per share for 2025. TGI boasts an average earnings surprise of 100.5%.

TGI 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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