What Makes Northern Trust Corporation (NTRS) a Strong Momentum Stock: Buy Now?

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: Northern Trust Corporation (NTRS) - NTRS 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, NTRS shares increased by 11.23%, outperforming the Zacks Banks - Major Regional industry, which rose by 5.61% [5] - In a longer timeframe, NTRS shares have risen by 22.05% over the past month, compared to the industry's 10.35% [5] - Over the last quarter, NTRS shares surged by 49.17%, and over the past year, they gained 58.43%, while the S&P 500 increased by 24.12% and 14.76%, respectively [6] Trading Volume - NTRS has an average 20-day trading volume of 2,738,580 shares, which is a useful indicator of market interest and price movement [7] Earnings Outlook - In the past two months, three earnings estimates for NTRS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.90 to $8.18 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, NTRS is identified as a promising stock with a Momentum Score of A, making it a potential candidate for investors seeking short-term gains [11]