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

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?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

Federated Hermes (FHI)

Headquartered in Pittsburgh, PA, Federated Hermes, Inc. is a global asset manager, with $757.6 billion in AUM, as of Dec 31, 2023. It was formed from the merger between Federated Investors and Hermes Investment Management.

FHI is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of B and VGM Score of B. Shares are up 0.3% over the past one week and up 2% over the past four weeks. FHI has lost 10.9% in the last one-year period as well. Looking at trading volume, an average of 693,156.88 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for FHI, while the Zacks Consensus Estimate has increased $0.18 to $3.64 per share. FHI also boasts an average earnings surprise of 6.5%.

Investors should take the time to consider FHI for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Federated Hermes, Inc. (FHI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research