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 Overview: KB Financial - KB Financial currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][12]. - The stock has shown significant price performance, with a 4.29% increase over the past week, compared to a 0.88% increase in the Zacks Banks - Foreign industry [6]. - Over the past month, KB Financial's shares have increased by 17.55%, outperforming the industry's 2.79% [6]. - In the last quarter, KB Financial shares have risen by 42.35%, and over the past year, they have gained 37.52%, while the S&P 500 has only moved 8.49% and 13.75%, respectively [7]. Trading Volume - The average 20-day trading volume for KB Financial is 173,812 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - Recent earnings estimate revisions have been positive, with one estimate moving higher for the full year, increasing the consensus estimate from $10.40 to $10.67 over the past 60 days [10]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10].
Here's Why KB Financial (KB) is a Great Momentum Stock to Buy