Citigroup (C) 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][2]. Company Overview: Citigroup (C) - Citigroup currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3][4]. - Over the past week, Citigroup shares have increased by 12.03%, outperforming the Zacks Financial - Investment Bank industry, which rose by 7.51% [6]. - In a longer timeframe, Citigroup's monthly price change is 14.65%, significantly higher than the industry's 5.6% [6]. - Over the past quarter, Citigroup shares have risen by 24.67%, and over the last year, they have increased by 51.38%, while the S&P 500 has only moved 2.54% and 25.42%, respectively [7]. Trading Volume - Citigroup's average 20-day trading volume is 12,203,888 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, 7 earnings estimates for Citigroup have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $7.17 to $7.49 [10]. - For the next fiscal year, 4 estimates have moved upwards, with 1 downward revision during the same period [10]. Conclusion - Considering the positive momentum indicators and earnings outlook, Citigroup is positioned as a strong buy candidate with a Momentum Score of A, making it a noteworthy option for investors seeking short-term gains [12].