Coca-Cola European (CCEP) Is Up 3.13% 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: Coca-Cola European (CCEP) - CCEP currently holds a Momentum Style Score of B, indicating potential for solid momentum investing [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned to outperform the market [3] Price Performance - CCEP shares have increased by 3.13% over the past week, outperforming the Zacks Beverages - Soft drinks industry, which rose by 2.13% [5] - Over the past month, CCEP's stock price has changed by 4.06%, compared to the industry's 1.4% [5] - In the last quarter, CCEP shares rose by 13.64%, and over the past year, they gained 27.53%, while the S&P 500 saw declines of -11.93% and gains of 7.36%, respectively [6] Trading Volume - CCEP's average 20-day trading volume is 2,750,749 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 CCEP have been revised upwards, increasing the consensus estimate from $4.37 to $4.51 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [9] Conclusion - Given the positive price trends and earnings outlook, CCEP is identified as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]