The Charles Schwab Corporation (SCHW) Is Up 5.00% in One Week: What You Should Know

Momentum Investing Overview - Momentum investing focuses on following a stock's recent trend, aiming to buy high and sell even higher [1] - The Charles Schwab Corporation (SCHW) holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - SCHW has a Zacks Rank of 2 (Buy), with research showing that stocks with Zacks Rank 1 or 2 and Style Scores of A or B tend to outperform the market over the following one-month period [3] Price Performance Analysis - SCHW shares are up 5% over the past week, compared to the Zacks Financial - Investment Bank industry's 7.51% gain [5] - Over the past month, SCHW shares have increased by 8.14%, outperforming the industry's 6.16% growth [5] - SCHW shares have risen 12.57% over the past quarter and 26.61% over the past year, outperforming the S&P 500's gains of 3.62% and 26.55%, respectively [6] Trading Volume and Earnings Outlook - SCHW's average 20-day trading volume is 6,598,758 shares, which is a useful indicator of price-to-volume trends [7] - Over the past two months, 9 earnings estimates for SCHW have moved higher compared to 1 lower for the full year, boosting the consensus estimate from $3.86 to$4.04 [9] - For the next fiscal year, 7 earnings estimates have moved upwards, with only 1 downward revision in the same period [9] Conclusion - Given its strong momentum characteristics, SCHW is a 2 (Buy) stock with a Momentum Score of A, making it a promising near-term investment [11]