Are You Looking for a Top Momentum Pick? Why Cadence (CADE) is a Great Choice

Company Overview - Cadence (CADE) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Performance Metrics - Over the past week, Cadence shares have increased by 7.87%, outperforming the Zacks Banks - Southeast industry, which rose by 4.73% [6] - In a longer timeframe, Cadence's monthly price change is 13.15%, compared to the industry's 5.65% [6] - Over the past quarter, shares of Cadence have increased by 26.14%, and over the last year, they have gained 23.01%, while the S&P 500 has moved 15.13% and 13.62%, respectively [7] Trading Volume - The average 20-day trading volume for Cadence is 1,525,588 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for Cadence have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $2.85 to $2.92 [10] - For the next fiscal year, two estimates have moved upwards, while one has been revised downwards [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Cadence is positioned as a promising investment opportunity with a Momentum Score of A [12]