Northern Trust Corporation (NTRS) is a Great Momentum Stock: Should You Buy?

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 B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, NTRS shares increased by 1.6%, while the Zacks Banks - Major Regional industry saw a slight decline of 0.02% [5] - In a longer timeframe, NTRS shares rose by 4.71% over the past month, compared to the industry's performance of 6.12% [5] - Over the last quarter, NTRS shares surged by 35.62%, and over the past year, they increased by 46.35%, significantly outperforming the S&P 500, which rose by 16.43% and 18.63% respectively [6] Trading Volume - The average 20-day trading volume for NTRS is 1,868,366 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, five earnings estimates for NTRS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.94 to $8.36 [9] - For the next fiscal year, six estimates have also moved higher, indicating a positive earnings outlook [9] Conclusion - Considering the positive momentum indicators and earnings revisions, NTRS is positioned as a strong buy candidate with a Momentum Score of B, making it a noteworthy option for investors seeking short-term gains [11]