Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Regions Financial (RF) - Regions Financial currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Performance Metrics - Over the past week, RF shares increased by 0.48%, while the Zacks Banks - Southeast industry declined by 0.37% [6] - In the last month, RF's price change was 4.71%, outperforming the industry's 2.98% [6] - Over the past quarter, RF shares rose by 18.82%, and by 20.63% over the last year, compared to the S&P 500's increases of 11.05% and 18.96%, respectively [7] Trading Volume - RF's average 20-day trading volume is 17,325,500 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, 12 earnings estimates for RF have been revised upwards, with no downward revisions, raising the consensus estimate from $2.26 to $2.33 [10] - For the next fiscal year, 12 estimates have also moved upwards without any declines [10] Conclusion - Given the strong performance metrics and positive earnings outlook, RF is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]
Are You Looking for a Top Momentum Pick? Why Regions Financial (RF) is a Great Choice