Here's Why HarborOne Bancorp (HONE) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: HarborOne Bancorp (HONE) - HONE currently holds a Momentum Style Score of A, indicating strong momentum potential [2][3] - Over the past week, HONE shares increased by 7.78%, outperforming the Zacks Banks - Northeast industry, which rose by 4.74% [4] - In a longer timeframe, HONE's monthly price change of 22.82% is significantly better than the industry's 14.15% performance [4] Trading Volume - HONE's average 20-day trading volume is 132,511 shares, which serves as a bullish indicator when combined with rising stock prices [5] Earnings Estimates - Recent trends show that 2 earnings estimates for HONE have increased, while none have decreased, raising the consensus estimate from $0.64 to$0.66 over the past 60 days [12] - For the next fiscal year, 2 estimates have also moved upwards with no downward revisions [12] Performance Comparison - Over the past quarter, HONE shares have risen by 27.38%, and by 27.74% over the last year, significantly outperforming the S&P 500, which increased by 7.18% and 20.85% respectively [11] Investment Recommendation - Given the strong performance metrics and positive earnings outlook, HONE is rated as a 2 (Buy) stock, making it a promising candidate for investors seeking momentum opportunities [7][9]