Toronto-Dominion Bank (TD) is a Great Momentum Stock: Should You 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 Overview: Toronto-Dominion Bank (TD) - TD currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3][4]. - Over the past quarter, TD shares have increased by 27.26%, and by 32.08% over the last year, significantly outperforming the S&P 500, which rose by 8.73% and 13.86% respectively [7]. Performance Metrics - In the past week, TD shares rose by 0.11%, while the Zacks Banks - Foreign industry declined by 0.44%. Over the past month, TD's price change was 5.13%, compared to the industry's 2.52% [6]. - The average 20-day trading volume for TD is 1,798,049 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, 6 earnings estimates for TD have been revised upwards, increasing the consensus estimate from $5.38 to $5.70. For the next fiscal year, 5 estimates have moved up while 1 has been revised down [10].