Cadence (CADE) Is Up 1.21% 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 even higher, with the expectation that established trends will continue [1] Company Overview: Cadence (CADE) - Cadence currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a positive outlook for the stock [3][4] - The stock has shown a price increase of 1.21% over the past week, outperforming the Zacks Banks - Southeast industry, which rose by 0.36% during the same period [6] - Over the past month, Cadence shares increased by 7.51%, compared to the industry's 6.46% [6] - In the last quarter, Cadence shares rose by 19.32%, and over the past year, they increased by 17.71%, while the S&P 500 only moved 8.34% and 14.94%, respectively [7] Trading Volume - The average 20-day trading volume for Cadence is 1,398,599 shares, which serves as a useful indicator of price movement and market interest [8] Earnings Outlook - In the past two months, four earnings estimates for Cadence have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.87 to $3.00 [10] - For the next fiscal year, five estimates have also moved upwards without any downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, Cadence is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 2 (Buy) [12]