Are You Looking for a Top Momentum Pick? Why Popular (BPOP) is a Great Choice

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: Popular (BPOP) - Popular 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 - BPOP shares have increased by 3.34% over the past week, while the Zacks Banks - Southeast industry has risen by 4.3% during the same period [5] - Over the past month, BPOP's price change is 8.91%, outperforming the industry's 6.27% [5] - In the last quarter, BPOP shares have risen by 20.19%, and over the past year, they have gained 23.21%, compared to the S&P 500's increases of 10.77% and 17.6%, respectively [6] Trading Volume - BPOP's average 20-day trading volume is 476,914 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for BPOP has increased, while none have decreased, raising the consensus estimate from $10.53 to $11.37 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions [9] Conclusion - Considering the momentum indicators and earnings outlook, BPOP is classified as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [11]