Simon Property (SPG) 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] Company Overview: Simon Property Group (SPG) - Simon Property currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - The stock has shown a price increase of 3.5% over the past week, outperforming the Zacks REIT and Equity Trust - Retail industry, which rose by 1.68% [6] - Over the past month, SPG's shares increased by 6.23%, compared to the industry's 3.57% [6] - In the last quarter, SPG shares rose by 1.75%, and over the past year, they increased by 28.47%, while the S&P 500 only moved 1.46% and 22.28%, respectively [7] Trading Volume - SPG's average 20-day trading volume is 1,198,539 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 6 earnings estimates for SPG have been revised upwards, increasing the consensus estimate from $12.41 to$12.48 [10] - For the next fiscal year, 4 estimates have moved higher, while 1 has been revised downwards [10] Conclusion - Given the positive momentum indicators and earnings outlook, SPG is positioned as a strong buy candidate for investors seeking short-term gains [12]