Here's Why CBOE Global (CBOE) is a Great Momentum Stock to 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: CBOE Global - CBOE Global currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - CBOE shares have increased by 5.99% over the past week, outperforming the Zacks Securities and Exchanges industry, which rose by 5.31% [6] - Over the past month, CBOE's price change is 11.77%, slightly below the industry's performance of 12.5% [6] - In the last quarter, CBOE shares rose by 10.47%, and over the past year, they gained 26.69%, while the S&P 500 saw declines of -6.46% and gains of 11.69%, respectively [7] Trading Volume - CBOE's average 20-day trading volume is 1,001,255 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 10 earnings estimates for CBOE have been revised upwards, with no downward revisions, increasing the consensus estimate from $8.99 to $9.51 [10] - For the next fiscal year, 9 estimates have moved higher, while 1 has been revised downwards [10]