Here's Why Kingfisher PLC (KGFHY) is a Great Momentum Stock to Buy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2024
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Source: NASDAQ.COM
Momentum Investing Overview: Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher. Kingfisher PLC (KGFHY) currently has a strong Momentum Style Score of A, indicating potential for profitable trades based on its recent performance.
Performance Metrics for KGFHY: Kingfisher PLC has shown significant price increases, outperforming both its industry and the S&P 500 over various time frames. Additionally, positive earnings estimate revisions further support its status as a #2 (Buy) stock with strong momentum prospects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
