LendingClub (LC) is a Great Momentum Stock: Should You 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 define momentum characteristics, with LendingClub (LC) currently holding a Momentum Style Score of A [2][3] Group 2: LendingClub Performance Metrics - LendingClub has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3] - Over the past week, LC shares increased by 2.34%, while the Zacks Financial - Miscellaneous Services industry rose by only 0.1% [5] - In the last quarter, LC shares rose by 20.21%, and over the past year, they increased by 92.56%, significantly outperforming the S&P 500's gains of 4.45% and 25.58% respectively [6] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for LC is 1,399,071 shares, which is a bullish indicator when combined with rising stock prices [7] - In the past two months, four earnings estimates for LC have increased, raising the consensus estimate from $0.78 to $0.86 [9] - For the next fiscal year, three estimates have also moved upwards, with no downward revisions noted [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, LendingClub is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]