Are You Looking for a Top Momentum Pick? Why PBF Energy (PBF) is a Great Choice

Zacks04-06

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell ...

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In the 'long' context, investors will essentially be \"buying high, but hoping to sell ...</p>\n\n<a href=\"https://finance.yahoo.com/news/looking-top-momentum-pick-why-160006898.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Are You Looking for a Top Momentum Pick? 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Why PBF Energy (PBF) is a Great Choice\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-06 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/looking-top-momentum-pick-why-160006898.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be \"buying high, but hoping to sell ...</p>\n\n<a href=\"https://finance.yahoo.com/news/looking-top-momentum-pick-why-160006898.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHH","symbol_name":"精选国际酒店","start_time":0,"source_url":"https://finance.yahoo.com/news/looking-top-momentum-pick-why-160006898.html","article_id":"2425591746","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6Ex_CnpNXcMseRWMhPXBow--~B/aD01ODg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3496571a811465d910e99bd171c71a94"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425591746","pubTimestamp":1712332806,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be \"buying high, but hoping to sell even higher.\" And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Below, we take a look at PBF Energy , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. PBF Energy currently has a Zacks Rank of #2 . Our research shows that stocks rated Zacks Rank #1  and #2  and St","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CHH":"精选国际酒店","BK4138":"石油与天然气的炼制和营销","BK4142":"酒店、度假村与豪华游轮","BK4585":"ETF&股票定投概念","BK4588":"碎股","PBF":"PBF Energy"},"translate_title":"你在寻找一个最佳动力选择吗？为什么PBF能源（PBF）是一个伟大的选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHH":1,"PBF":1},"content_text":"Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be \"buying high, but hoping to sell even higher.\" And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.\nEven though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.\nBelow, we take a look at PBF Energy (PBF), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.\nIt's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. PBF Energy currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.\nYou can see the current list of Zacks #1 Rank Stocks here >>>\nSet to Beat the Market?\nLet's discuss some of the components of the Momentum Style Score for PBF that show why this refiner shows promise as a solid momentum pick.\nA good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.\nFor PBF, shares are up 2.27% over the past week while the Zacks Oil and Gas - Refining and Marketing industry is up 1.53% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 20.78% compares favorably with the industry's 10.37% performance as well.\nWhile any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of PBF Energy have risen 46.08%, and are up 50.48% in the last year. In comparison, the S&P 500 has only moved 10.16% and 27.31%, respectively.\nInvestors should also take note of PBF's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, PBF is averaging 2,057,016 shares for the last 20 days.\nEarnings Outlook\nThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PBF.\nOver the past two months, 5 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost PBF's consensus estimate, increasing from $5.74 to $6.22 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been 1 downward revision in the same time period.\nBottom Line\nGiven these factors, it shouldn't be surprising that PBF is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep PBF Energy on your short list.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPBF Energy Inc. (PBF) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425591746"}