Are You Looking for a Top Momentum Pick? Why StoneCo Ltd.

Company Overview - StoneCo Ltd. (STNE) currently has a Momentum Style Score of B, indicating potential for strong performance based on recent trends [3] - The company holds a Zacks Rank of 2 (Buy), suggesting it is positioned favorably in the market [4] Price Performance - Over the past week, STNE shares have increased by 5.52%, while the Zacks Internet - Software industry remained flat [6] - In a longer time frame, STNE's monthly price change is 12.53%, significantly outperforming the industry's 0.69% [6] - Over the past quarter, STNE shares have risen by 45.18%, and over the last year, they have gained 28.11%, compared to the S&P 500's increases of 8.73% and 13.86%, respectively [7] Trading Volume - The average 20-day trading volume for STNE is 6,293,092 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for STNE have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.38 to $1.44 [10] - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong price performance, positive earnings outlook, and favorable momentum indicators, STNE is recommended as a stock to consider for near-term investment [12]