Banco Bilbao (BBVA) Is Up 0.48% 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: Banco Bilbao (BBVA) - BBVA currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The bank has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, BBVA shares increased by 0.48%, outperforming the Zacks Banks - Foreign industry, which rose by 0.17% [5] - In a longer timeframe, BBVA's monthly price change is 16.67%, significantly higher than the industry's 4.9% [5] - Over the last quarter, BBVA shares have risen by 31.9%, and by 30.99% over the past year, while the S&P 500 has seen a decline of -0.97% and an increase of 18.46%, respectively [6] Trading Volume - BBVA's average 20-day trading volume is 1,938,345 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for BBVA have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $1.60 to$1.75 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive momentum indicators and earnings outlook, BBVA is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]