Wolverine World Wide (WWW) is a Great Momentum Stock: Should You 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: Wolverine World Wide (WWW) - Wolverine World Wide currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Performance Metrics - Over the past week, WWW shares increased by 7.39%, while the Zacks Shoes and Retail Apparel industry rose by 2.14% [6] - In the last month, WWW's price change was 50.55%, significantly outperforming the industry's 3.66% [6] - Over the past quarter, WWW shares surged by 69.74%, and over the last year, they have gained 170.36%, compared to the S&P 500's increases of 7.61% and 33.32%, respectively [7] Trading Volume - The average 20-day trading volume for WWW is 1,325,171 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, four earnings estimates for WWW have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.85 to $0.89 [10] - For the next fiscal year, four estimates have also moved upwards without any downward revisions [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, WWW is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a promising candidate for near-term investment [11]