Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum by focusing on key metrics [2] Group 2: SouthState (SSB) Performance - SouthState currently has a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, SSB shares increased by 5.82%, outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 3.24% [6] - In the last quarter, SSB shares rose by 12.15%, and over the past year, they increased by 21.41%, compared to the S&P 500's gains of 10.83% and 14.92%, respectively [7] Group 3: Trading Volume and Earnings Outlook - SSB's average 20-day trading volume is 1,567,230 shares, which is a bullish indicator when combined with rising stock prices [8] - Recent earnings estimate revisions for SSB show one upward revision for the current fiscal year, increasing the consensus estimate from $8.03 to $8.13 [10] - For the next fiscal year, there has been one upward revision with no downward revisions, indicating positive earnings outlook [10] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, SSB is positioned as a promising momentum pick for investors [12]
Are You Looking for a Top Momentum Pick? Why SouthState (SSB) is a Great Choice