Time to fade momentum trade, Jefferies says By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
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Source: Investing.com
Momentum Factors Weakening: Jefferies strategist Steven G. DeSanctis notes that momentum factors, particularly Price Momentum, weakened in December and are expected to continue declining in Q1 2025, despite a generally positive performance of quantitative factors throughout 2024.
Quality Factor Outperformance: The Quality factor block performed well in December with a +4.3% spread, contrasting with disappointing results from other factors like "Growth at a Reasonable Price" and the Risk (Off) block, which underperformed despite market declines.
Analyst Views on MID
Wall Street analysts forecast MID stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MID is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 67.656
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Current: 67.656
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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.
