Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick

Zacks
04 Dec 2024

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

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.

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 down 2.3% over the past one week and up 33.4% over the past four weeks. And in the last one-year period, TGI has gained 66.1%. As for the stock's trading volume, 853,974.19 shares on average were traded over the last 20 days.

A company's earnings performance is important for momentum investors as well. For fiscal 2025, two analysts revised their earnings estimate higher in the last 60 days for TGI, while the Zacks Consensus Estimate has increased $0.19 to $0.62 per share. TGI also boasts an average earnings surprise of 100.5%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding TGI to their portfolios.

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Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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