Williams-Sonoma (WSM) Is Up 1.91% in One Week: What You Should Know

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: Williams-Sonoma (WSM) - Williams-Sonoma currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, WSM shares increased by 1.91%, while the Zacks Retail - Home Furnishings industry rose by 4.62% [5] - In a longer timeframe, WSM's monthly price change is 11.95%, outperforming the industry's 9.54% [5] - Over the last three months, WSM shares have risen by 25.75%, and over the past year, they are up 45.81%, compared to the S&P 500's increases of 11.03% and 17.4%, respectively [6] Trading Volume - WSM's average 20-day trading volume is 1,361,689 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for WSM have been revised upward, while none have been lowered, leading to an increase in the consensus estimate from $8.53 to $8.54 [9] - For the next fiscal year, three estimates have moved upwards with no downward revisions [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, WSM is identified as a 2 (Buy) stock with a Momentum Score of A, making it a promising near-term investment option [11]