Are You Looking for a Top Momentum Pick? Why Nordea Bank AB (NRDBY) is a Great Choice

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 define momentum characteristics, with Nordea Bank AB (NRDBY) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; NRDBY has a Zacks Rank of 1 (Strong Buy) [3] Group 2: Performance Metrics of Nordea Bank AB - NRDBY shares have increased by 0.07% over the past week, while the Zacks Banks - Foreign industry has risen by 1.23% [5] - Over the last quarter, NRDBY shares have gained 18.6%, and over the past year, they have increased by 30.07%, outperforming the S&P 500's gains of 15.13% and 13.62% respectively [6] - The average 20-day trading volume for NRDBY is 197,516 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for NRDBY have moved higher, with no downward revisions, increasing the consensus estimate from $1.46 to $1.60 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, NRDBY is classified as a 1 (Strong Buy) stock with a Momentum Score of B, making it a promising investment option [11]