Here's Why Intuit (INTU) 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][2]. Company Analysis: Intuit (INTU) - Intuit currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3]. - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4]. - Over the past week, Intuit's shares increased by 2.4%, outperforming the Zacks Computer - Software industry, which rose by 2.1% [6]. - In the last month, Intuit's stock price rose by 18%, significantly higher than the industry's 2.22% [6]. - Over the past three months, Intuit's shares have risen by 28.85%, and by 34.44% over the last year, compared to the S&P 500's increases of 4.9% and 13.46%, respectively [7]. - The average 20-day trading volume for Intuit is 1,919,823 shares, indicating a bullish trend as the stock is rising with above-average volume [8]. Earnings Outlook - In the last two months, 11 earnings estimates for Intuit have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $19.31 to $20.06 [10]. - For the next fiscal year, 10 estimates have also moved upwards, with no downward revisions during the same period [10]. Conclusion - Given the positive momentum indicators and earnings outlook, Intuit is positioned as a strong buy candidate for investors seeking short-term gains [11].