Interactive Brokers Group, Inc. (IBKR) 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: Interactive Brokers Group, Inc. (IBKR) - IBKR 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, IBKR shares increased by 3.62%, outperforming the Zacks Financial - Investment Bank industry, which rose by 1.52% [5] - In a longer timeframe, IBKR's shares have risen by 7.56% over the past month, compared to the industry's 3.25% [5] - Over the last quarter, IBKR shares increased by 23.68%, and over the past year, they gained 112.61%, significantly outperforming the S&P 500, which rose by 10.12% and 19.99% respectively [6] Trading Volume - The average 20-day trading volume for IBKR is 5,354,713 shares, indicating a bullish sign when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for IBKR have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.76 to $1.96 [9] - For the next fiscal year, four estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive performance metrics and earnings outlook, IBKR is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]