Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: Morgan Stanley (MS) - Morgan Stanley currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [2] Performance Metrics - Over the past week, Morgan Stanley's shares have increased by 9.6%, outperforming the Zacks Financial - Investment Bank industry, which rose by 2.25% [3] - In the last month, Morgan Stanley's shares have appreciated by 15.34%, compared to the industry's 6.3% [3] - Over the past quarter, shares have risen by 14.03%, and in the last year, they have gained 65.34%, while the S&P 500 has only increased by 5.5% and 40.28%, respectively [3] Trading Volume - The average 20-day trading volume for Morgan Stanley is 6,127,828 shares, which serves as a bullish indicator when combined with rising stock prices [3] Earnings Outlook - In the last two months, 7 earnings estimates for Morgan Stanley have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $7.03 to $7.29 [4] - For the next fiscal year, there have also been 7 upward revisions and 1 downward revision in earnings estimates [4] Conclusion - Given the strong performance metrics and positive earnings outlook, Morgan Stanley is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [4]
Here's Why Morgan Stanley (MS) is a Great Momentum Stock to Buy