Banco Bradesco (BBD) is a Great Momentum Stock: Should You 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] Company Overview: Banco Bradesco (BBD) - Banco Bradesco 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 strong historical outperformance when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, BBD shares increased by 0.9%, while the Zacks Banks - Foreign industry rose by 1.44% [6] - In a longer timeframe, BBD's monthly price change is 8.49%, significantly outperforming the industry's 1.31% [6] - Over the last quarter, BBD shares have risen by 18.97%, and over the past year, they are up 42.56%, compared to the S&P 500's increases of 10.25% and 21.04%, respectively [7] Trading Volume - BBD's average 20-day trading volume is 59,999,624 shares, which serves as a bullish indicator when the stock is rising with above-average volume [8] Earnings Outlook - Recent earnings estimate revisions for BBD show positive momentum, with 2 estimates moving higher for the full year, raising the consensus estimate from $0.41 to $0.43 [10] - For the next fiscal year, 2 estimates have also increased, with no downward revisions noted [10]