Yahoo Finance Here's Why FMC Technologies (FTI) is a Strong Momentum Stock
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?
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.
FMC Technologies (FTI)
London-based TechnipFMC plc is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. The company, which reached its current form following the January 2017 merger between Technip and FMC Technologies, is engaged in the designing, producing and servicing technologically sophisticated systems and products for subsea, onshore/offshore, and surface projects. The company strives to enhance the performance of its oil and gas clients by bringing together the scope and know-how to transform the project economics.
FTI sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 0.2% and up 3.7% over the past one-week and four-week period, respectively, and FMC Technologies has gained 90.8% in the last one-year period as well. Additionally, an average of 3,538,827.25 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, nine analysts revised their earnings estimate higher in the last 60 days for FTI, while the Zacks Consensus Estimate has increased $0.02 to $1.18 per share. FTI also boasts an average earnings surprise of 5.4%.
Investors should take the time to consider FTI 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
TechnipFMC plc (FTI) : Free Stock Analysis Report
