Here's Why Nomura Holdings (NMR) is a Great Momentum Stock to Buy

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][2]. Company Overview: Nomura Holdings (NMR) - Nomura Holdings currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12]. - The company has a Zacks Rank of 2 (Buy), which is associated with a strong track record of outperformance [4]. Performance Metrics - Over the past week, NMR shares increased by 1.07%, while the Zacks Financial - Investment Bank industry remained flat [6]. - In the last month, NMR's price change was 3.62%, outperforming the industry's 3.31% [6]. - Over the past quarter, NMR shares rose by 18.63%, and over the last year, they increased by 42.72%, compared to the S&P 500's gains of 8.31% and 17.5%, respectively [7]. Trading Volume - NMR's average 20-day trading volume is 428,619 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, one earnings estimate for NMR increased, while none decreased, raising the consensus estimate from $0.76 to $0.77 [10]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10].