Are You Looking for a Top Momentum Pick? Why BlackRock (BLK) is a Great Choice

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 Summary: BlackRock (BLK) - BlackRock currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, BlackRock shares increased by 3.28%, outperforming the Zacks Financial - Investment Management industry, which rose by 1.91% [5] - In a longer timeframe, BlackRock shares have gained 25.75% over the past quarter and 34.08% over the last year, significantly outperforming the S&P 500's gains of 15.13% and 13.62%, respectively [6] - The average 20-day trading volume for BlackRock is 529,112 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for BlackRock have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $44.93 to $45.73 [9] - For the next fiscal year, four estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the positive momentum indicators and earnings outlook, BlackRock is positioned as a strong investment opportunity with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]