Why Louisiana-Pacific (LPX) is a Top Momentum Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
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.
Louisiana-Pacific (LPX)
Louisiana-Pacific Corporation or LP is a leading manufacturer of sustainable, quality engineered wood building materials, structural framing products as well as exterior siding for use in residential, industrial and light commercial construction.
LPX is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of A and VGM Score of A. Shares are up 17.8% over the past one week and up 11.3% over the past four weeks. LPX has gained 38.8% in the last one-year period as well. Looking at trading volume, an average of 1,119,365.88 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For LPX, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.07 to $4.92 per share for 2024. LPX boasts an average earnings surprise of 18.6%.
LPX should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report
