Yahoo Finance Why Fortive (FTV) is a Top Momentum Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Fortive (FTV)
Based in Washington, Fortive Corporation is a diversified industrial growth company. It provides industrial technology and professional instrumentation solutions on a global basis.
FTV boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Fortive has seen some interesting price action recently; the stock is down 1.4% over the past one week and up 1% over the past four weeks. And in the last one-year period, FTV has gained 4.4%. As for the stock's trading volume, 2,145,485.50 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For FTV, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $3.35 per share for 2023. FTV boasts an average earnings surprise of 5%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding FTV to their portfolios.
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Fortive Corporation (FTV) : Free Stock Analysis Report
