Here's Why Northern Trust Corporation (NTRS) is a Great Momentum Stock to 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] Company Overview: Northern Trust Corporation (NTRS) - NTRS currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook based on historical performance metrics [4] Performance Metrics - Over the past week, NTRS shares increased by 3.79%, outperforming the Zacks Banks - Major Regional industry, which rose by 1.29% [6] - In a longer timeframe, NTRS shares have appreciated by 10.91% over the past quarter and 39.02% over the last year, compared to the S&P 500's gains of 4.45% and 25.58%, respectively [7] - The average 20-day trading volume for NTRS is 1,049,163 shares, indicating a bullish trend when combined with rising stock prices [8] Earnings Outlook - In the last two months, five earnings estimates for NTRS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.82 to$8.20 [10] - For the next fiscal year, three estimates have also moved upwards, further supporting a positive earnings outlook [10] Conclusion - Given the strong performance metrics and positive earnings revisions, NTRS is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [12]