From NASDAQ: 2024-05-09 12:00:11

Momentum investing involves following a stock’s recent trend, buying high and selling higher. Zacks Momentum Style Score helps identify key metrics for successful trades. Amazon (AMZN) holds a Momentum Style Score of A and Zacks Rank of #2 (Buy). Shares are up 3.67% in the past week, showing strong momentum.

With a monthly price change of 1.1%, Amazon has outperformed the industry. Over the past year, shares have gained 70.61%, surpassing the S&P 500. Earnings estimate revisions have been positive, boosting the consensus estimate for AMZN. The stock is a top momentum pick with a Zacks Momentum Score of A.

AMZN is a promising #2 (Buy) stock with a Momentum Score of A, set to soar in the near-term. Zacks experts recommend an American AI company, predicted to double or quadruple in the coming year. For more top stock recommendations and analysis, visit Zacks Investment Research.



Read more at NASDAQ: Are You Looking for a Top Momentum Pick? Why Amazon (AMZN) is a Great Choice