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] Company Overview: WSFS Financial - WSFS Financial currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, WSFS shares increased by 6.48%, outperforming the Zacks Financial - Savings and Loan industry, which rose by 2.05% [5] - In a longer timeframe, WSFS shares rose by 18.64% over the past quarter and 18.53% over the last year, while the S&P 500 increased by 10.83% and 14.92%, respectively [6] Trading Volume - WSFS's average 20-day trading volume is 364,265 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for WSFS has increased, raising the consensus estimate from $4.59 to $4.61 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the strong performance metrics and positive earnings outlook, WSFS Financial is recommended as a stock to consider for near-term investment opportunities [11]
Are You Looking for a Top Momentum Pick? Why WSFS Financial (WSFS) is a Great Choice