Here’s Why Alibaba (BABA) is a Strong Momentum Stock
From Nasdaq:
For new and old investors, Zacks Premium provides daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, it can help you become a smarter, more confident investor. It also includes the Zacks Style Scores, which rates each stock based on their value, growth, and momentum characteristics.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. The Style Scores are broken down into four categories-Value Score, Growth Score, Momentum Score and VGM Score. It’s crucial to pick stocks with a #1 or #2 Rank that also have Style Scores of A or B.
Alibaba Group Holding is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. BABA has a Momentum Style Score of A, and shares are up 1.2% over the past four weeks. With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, BABA should be on investors’ short list. It has an average earnings surprise of 16.3% and the Zacks Consensus Estimate has increased $0.16 to $9.12 per share.
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