Lloyds (LYG) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Summary: Lloyds (LYG) - Lloyds currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The stock has a Zacks Rank of 2 (Buy), suggesting it is expected to outperform the market [3] - Over the past week, Lloyds shares increased by 4.74%, outperforming the Zacks Banks - Foreign industry, which rose by 3.96% [5] - In the last quarter, Lloyds shares rose by 26.54%, and over the past year, they increased by 55.16%, while the S&P 500 experienced declines of -9.81% and a modest gain of 9.65% respectively [6] - The average 20-day trading volume for Lloyds is 32,956,570 shares, indicating strong trading activity [7] Earnings Outlook - In the past two months, three earnings estimates for Lloyds have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.27 to $0.37 [9] - For the next fiscal year, three estimates have also moved upwards, reflecting a positive earnings outlook [9] Conclusion - Considering the positive momentum indicators and earnings outlook, Lloyds is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [10][11]