Ross Stores (ROST) Is Up 0.86% 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: Ross Stores (ROST) - Ross Stores currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, ROST shares increased by 0.86%, while the Zacks Retail - Discount Stores industry rose by 1.73% [5] - In a longer timeframe, ROST's monthly price change is 13.16%, outperforming the industry's 12.84% [5] - Over the last quarter, ROST shares have risen by 25.35%, and by 19.01% over the past year, compared to the S&P 500's increases of 5.09% and 14.7%, respectively [6] Trading Volume - ROST's average 20-day trading volume is 3,203,170 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 6 earnings estimates for ROST have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.19 to $6.43 [9] - For the next fiscal year, 6 estimates have also moved upwards, indicating positive sentiment around ROST's earnings potential [9] Conclusion - Given the strong performance metrics and positive earnings outlook, ROST is identified as a 2 (Buy) stock with a Momentum Score of A, making it a promising candidate for near-term investment [11]