InterContinental Hotels (IHG) Is Up 1.37% in One Week: What You Should Know

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: InterContinental Hotels (IHG) - IHG currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, IHG shares increased by 1.37%, outperforming the Zacks Hotels and Motels industry, which rose by 1.17% [5] - In a longer timeframe, IHG's shares have appreciated by 8.83% over the past quarter and 38.27% over the last year, while the S&P 500 only increased by 2.43% and 24.91%, respectively [6] Trading Volume - IHG's average 20-day trading volume is 155,925 shares, which serves as a baseline for price-to-volume analysis, indicating bullish or bearish trends [7] Earnings Outlook - In the last two months, two earnings estimates for IHG have been revised upwards, raising the consensus estimate from $5.04 to$5.05 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, IHG is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]