Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Credicorp (BAP) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements Style Scores, with BAP rated 2 (Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics of Credicorp (BAP) - BAP shares have increased by 1.08% over the past week, while the Zacks Banks - Foreign industry has risen by 1.6% during the same period [5] - Over the last month, BAP's price change is 11.88%, outperforming the industry's 4.52% [5] - In the last quarter, BAP shares rose by 23.98%, and over the past year, they increased by 49.76%, compared to the S&P 500's gains of 8.58% and 17.39% respectively [6] Group 3: Trading Volume and Earnings Outlook - BAP's average 20-day trading volume is 355,834 shares, which serves as a bullish indicator when combined with rising stock prices [7] - In the past two months, three earnings estimates for BAP have increased, raising the consensus estimate from $22.28 to $23.31 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, BAP is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a promising investment opportunity [11]
Are You Looking for a Top Momentum Pick? Why Credicorp (BAP) is a Great Choice