International Paper (IP) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify effective metrics for assessing momentum in stocks [1] Group 2: International Paper (IP) Performance - International Paper currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy) [2] - Over the past week, IP shares increased by 4.79%, outperforming the Zacks Paper and Related Products industry, which rose by 0.67% [3] - In the last quarter, IP shares have risen by 29.07%, and over the past year, they have gained 30.57%, compared to the S&P 500's increases of 7.34% and 19.81% respectively [4] Group 3: Trading Volume and Earnings Outlook - IP's average 20-day trading volume is 6,209,411 shares, indicating a bullish trend when combined with rising stock prices [4] - In the past two months, earnings estimates for IP have seen three upward revisions and one downward revision, raising the consensus estimate from $1.92 to$2.01 [5] - For the next fiscal year, three estimates have moved upwards with no downward revisions, indicating positive earnings momentum [5] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, IP is positioned as a promising investment opportunity with a Momentum Score of B [6]