What Makes Interactive Brokers Group, Inc. (IBKR) a Strong Momentum Stock: Buy Now?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of "buying high, hoping to sell even higher" [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Interactive Brokers Group, Inc. (IBKR) currently holding a Momentum Style Score of B [2] Group 2: Zacks Rank and Performance - IBKR has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3] - Stocks rated Zacks Rank 1 and 2 with Style Scores of "A or B" tend to outperform the market over the following month [3] Group 3: Price Performance - IBKR shares have increased by 7.45% over the past week, outperforming the Zacks Financial - Investment Bank industry, which rose by 4.27% [5] - Over the past month, IBKR's price change is 14.35%, compared to the industry's 6.76% [5] - In the last quarter, IBKR shares increased by 46.94%, and over the past year, they gained 93.64%, while the S&P 500 moved 17.01% and 13.4%, respectively [6] Group 4: Trading Volume - IBKR's average 20-day trading volume is 4,851,135 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 5: Earnings Outlook - Over the past two months, three earnings estimates for IBKR have moved higher, increasing the consensus estimate from $1.76 to $1.84 [9] - For the next fiscal year, three estimates have also moved upwards, with no downward revisions [9] Group 6: Conclusion - Given the strong performance metrics and positive earnings outlook, IBKR is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential pick for near-term gains [11]