4 Reasons to Invest in LPL Financial (LPLA) Stock Right Now

The investment management industry performed well during the first quarter of 2018, supported by an improvement in the interest-rate scenario as well as higher trading activities, given the increase in volatility. Moreover, benefits from a stabilizing economy position the industry well for growth.

Thus, it seems a wise idea to add a few stocks from this industry to your portfolio now. Based on its strong fundamentals and growth prospects, LPL Financial Holdings Inc. LPLAappears to be a solid pick now.

The company’s Zacks Consensus Estimate for current-year earnings has been revised 26.7% upward over the last 30 days, reflecting analysts’ optimism regarding its earnings growth potential. As a result, the stock currently sports a Zacks Rank #1 (Strong Buy).

Also, its price performance looks impressive. Its shares have rallied 22% so far this year, outperforming the industry’s growth of 7%. Moreover, LPL Financial has a Momentum Scoreof A. Our research shows that stocks with a Style Score of ‘A’ or ‘B,’ when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential.