Are You Looking for a Top Momentum Pick? Why Canadian Imperial Bank (CM) is a Great Choice

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 define momentum characteristics, focusing on price changes and earnings estimate revisions [2] Group 2: Canadian Imperial Bank (CM) Performance - Canadian Imperial Bank currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3] - Over the past week, CM shares increased by 0.37%, while the Zacks Banks - Foreign industry rose by 1.99% [5] - In the last quarter, CM shares rose by 29.74%, and over the past year, they increased by 53.89%, significantly outperforming the S&P 500's gains of 4.57% and 31.09% respectively [6] Group 3: Trading Volume and Earnings Outlook - CM's average 20-day trading volume is 1,548,275 shares, which is a bullish indicator when combined with rising stock prices [7] - In the past two months, 6 earnings estimates for CM have been revised upwards, increasing the consensus estimate from $5.05 to $5.36 [9] - The positive trend in earnings estimate revisions supports CM's status as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]