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Here's Why PulteGroup (PHM) is a Strong Momentum Stock

The article from MSN Money discusses why PulteGroup, Inc. (PHM) is considered a strong momentum stock. It highlights that PulteGroup has shown significant positive momentum in its stock price, with a 1.7% increase in the last trading session, closing at $111.79. Over the past four weeks, the stock has risen by 10.5%, and over the last year, it has surged by 110.7%, outperforming the S&P 500's gains of 11.7% and 24.8% respectively. The article points out that PulteGroup's Momentum Style Score of B and its ranking in the top 36% of its industry for stock price performance over the last 60 days contribute to its momentum status. Additionally, the company's earnings estimates have been revised upwards, with the current quarter's estimates increasing by 1.7% over the last 30 days, and the full year's estimates rising by 3.6%. This positive revision in earnings estimates, along with strong stock price performance, supports the argument for PulteGroup being a momentum stock.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/here-s-why-pultegroup-phm-is-a-strong-momentum-stock/ar-AA1vkS04 ]