Here's Why Nordstrom (JWN) is a Great Momentum Stock to 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 stocks with strong momentum, taking into account price changes and earnings estimate revisions [4][5] Group 2: Nordstrom (JWN) Performance - Nordstrom currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy) [2][5] - Over the past week, JWN shares increased by 5.82%, while the Zacks Retail - Apparel and Shoes industry declined by 1.16% [7] - In the last month, JWN's price change was 6.61%, outperforming the industry's 0.54% [7] - Over the past quarter, JWN shares rose by 10.2%, and over the last year, they increased by 31.22%, compared to the S&P 500's gains of 4.46% and 26.4%, respectively [8] Group 3: Trading Volume and Earnings Outlook - JWN's average 20-day trading volume is 2,815,753 shares, indicating a bullish sign when combined with rising stock prices [9] - In the past two months, 5 earnings estimates for JWN moved higher, while 3 moved lower, raising the consensus estimate from $1.89 to $1.94 [11] - For the next fiscal year, 7 estimates have increased with no downward revisions, indicating positive earnings outlook [11] Group 4: Conclusion - Given the strong performance metrics and positive earnings revisions, JWN is positioned as a solid momentum pick and should be considered for investment [12]