Welltower (WELL) 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: Welltower (WELL) - Welltower currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price performance, with a 5.18% increase over the past week, and a 14.15% increase over the past month, compared to the Zacks REIT and Equity Trust - Other industry, which saw a decline of 0.49% and an increase of only 0.74% respectively [5] - Over the past quarter, Welltower shares have risen 7.47%, and they are up 58.84% over the last year, significantly outperforming the S&P 500, which increased by 4.18% and 24.21% in the same periods [6] Trading Volume - Welltower's average 20-day trading volume is 2,516,170 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 5 earnings estimates for Welltower have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.77 to$4.86 [9] - For the next fiscal year, 3 estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Welltower is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [11]