presented highlights Builders FirstSource, National Fuel Gas and EOG Resources


For immediate release

Chicago, IL – April 29, 2022 – The stocks in this week’s article are Builders FirstSource BLDR, National Fuel Gas Co. NFG and EOG Resources EOG.

3 Best Momentum Stocks to Invest in Using the Driehaus Strategy

The Driehaus strategy can be used to pick the best momentum stocks with the “buy high and sell higher” theory. Undoubtedly, it was a successful investment strategy that helped Richard Driehaus earn a spot on Barron’s All-Century team.

To this end, actions like FirstSource Builders, National Fuel Gas Co. and EOG Resources were selected as the momentum pick for the day using the Driehaus strategy.

A detailed overview of the Driehaus strategy

Regarding strategy, Driehaus once said, “I would much rather invest in a stock that is going up in price and take the risk that it starts to fall than invest in a stock that is already down and try to guess when it will recover.” In line with this idea, the American Association of Individual Investors (AAII) considered the percentage of the 50-day moving average as one of the key criteria before creating a portfolio according to the philosophy of Driehaus.

It is calculated by dividing the numerator (month-end price minus the 50-day moving average of the month-end price) by the 50-day moving average of the month-end price. Another momentum indicator, positive relative strength, has also been included in this strategy. A positive 50-day moving average percentage indicates that the stock is trading at a price above its 50-day moving average level, indicating an upward trend.

Additionally, AAII found that Driehaus is primarily focused on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a solid history of exceeding estimates are also given importance in this strategy, which has been designed to provide better long-term returns.

Here are three of the 23 actions:

FirstSource Builders is the largest supplier of building materials, manufactured components and construction services to professional home builders, contractors, remodelers and consumers. Builders FirstSource has a Momentum Score of B. The past four quarter earnings surprise for BLDR is nearly 74%, on average.

Domestic fuel gas is an integrated energy company with natural gas assets located in the prolific Appalachian Basin and oil producing assets in California. National Fuel Gas has a Momentum score of B. The last four quarter earnings surprise for NFG is 12.4% on average.

EOG Resources is primarily involved in the exploration and production of oil and natural gas. EOG Resources has a Momentum score of A. The earnings surprise for the last four quarters for EOG is 7.1% on average.

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Solid stocks that should make headlines

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7 best stocks for the next 30 days

Just Released: Experts distill 7 elite stocks from the current Zacks No. 1 Ranking 220 Strong Buys list. They consider these tickers “most likely for early price increases.”

Since 1988, the full list has beaten the market more than 2 times with an average gain of +25.4% per year. So be sure to give your immediate attention to these 7 handpicked ones.

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EOG Resources, Inc. (EOG): Free Stock Analysis Report

Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report

National Fuel Gas Company (NFG): Free Inventory Analysis Report

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