For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Founded in 1948, Oak Brook, IL-based McDonald’s is a leading fast-food chain that currently operates more than 39,000 restaurants in more than 100 countries. The company mainly operates and franchises quick-service restaurants (QSRs) under the McDonald’s brand. Nearly 93% of the company’s restaurants worldwide are owned and operated by independent local businessmen as well as women. The company’s revenues include sales by company-operated restaurants and fees from restaurants, which franchisees manage.
MCD is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 0% over the past one week and up 5.6% over the past four weeks. MCD has gained 3.1% in the last one-year period as well. Looking at trading volume, an average of 2,664,726.25 shares exchanged hands over the last 20 trading days.
A company’s earnings performance is important for momentum investors as well. For fiscal 2023, 13 analysts revised their earnings estimate higher in the last 60 days for MCD, while the Zacks Consensus Estimate has increased $0.23 to $11.75 per share. MCD also boasts an average earnings surprise of 10%.
Investors should take the time to consider MCD for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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