Here's Why Ralph Lauren (RL) is a Great Momentum Stock to Buy

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: Ralph Lauren (RL) - Ralph Lauren currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, RL shares increased by 5.93%, outperforming the Zacks Textile - Apparel industry, which rose by 2.11% [5] - In the last month, RL's shares rose by 11.03%, compared to the industry's 0.84% [5] - Over the past quarter, RL shares have increased by 12.57%, and over the last year, they have gained 69.89%, significantly outperforming the S&P 500's increases of 6.22% and 17.55%, respectively [6] Trading Volume - RL's average 20-day trading volume is 484,352 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for RL have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $14.93 to $15.00 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, RL is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]