Company Overview - LPL Financial Holdings Inc. (LPLA) currently has a Momentum Style Score of B, indicating a positive outlook based on momentum investing principles [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, LPLA shares have increased by 5.61%, while the Zacks Financial - Investment Bank industry has risen by 7.51% [6] - In a longer time frame, LPLA's monthly price change is 6.4%, outperforming the industry's 5.34% [6] - Over the last three months, LPLA shares have risen by 33.73%, and over the past year, they are up 45.63%, compared to the S&P 500's increases of 2.93% and 28.08%, respectively [7] Trading Volume - LPLA's average 20-day trading volume is 377,375 shares, which serves as a useful indicator of market interest and price movement [8] Earnings Outlook - In the past two months, 4 earnings estimates for LPLA have been revised upwards, while 3 have been revised downwards, leading to an increase in the consensus estimate from $16.08 to $16.12 [10] - For the next fiscal year, 6 estimates have moved upwards, with only 1 downward revision during the same period [10] Conclusion - Given the positive price performance, trading volume, and favorable earnings outlook, LPLA is positioned as a strong momentum pick for investors [12]
What Makes LPL Financial Holdings Inc. (LPLA) a Strong Momentum Stock: Buy Now?