LendingClub (LC) Is Up 0.48% 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: LendingClub (LC) - LendingClub currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [2][3] - The stock has shown a price increase of 0.48% over the past week, while the Zacks Financial - Miscellaneous Services industry has increased by 0.87% during the same period [5] - Over the last month, LC's shares have risen by 7.61%, outperforming the industry's 3.35% [5] - In the past quarter, LC shares have increased by 51.5%, and over the last year, they have risen by 53.73%, significantly outperforming the S&P 500's increases of 9.25% and 18.95%, respectively [6] Trading Volume - The average 20-day trading volume for LC is 1,378,823 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 5 earnings estimates for LC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.67 to $1.03 [9] - For the next fiscal year, 5 estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, LendingClub is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]