Credicorp (BAP) Is Up 3.76% 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: Credicorp (BAP) - Credicorp currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, BAP shares increased by 3.76%, outperforming the Zacks Banks - Foreign industry, which rose by 1.32% [6] - In a longer timeframe, BAP's monthly price change is 12.68%, compared to the industry's 6.22% [6] - Over the last quarter, BAP shares rose by 5.8%, and over the past year, they increased by 52.89%, while the S&P 500 only moved 3.31% and 13.94%, respectively [7] Trading Volume - BAP's average 20-day trading volume is 318,046 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for BAP have been revised upwards, with no downward revisions, raising the consensus estimate from $23.85 to $25.33 [10] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment [10] Conclusion - Considering the performance metrics and earnings outlook, BAP is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a noteworthy option for investors seeking short-term gains [12]