Are You Looking for a Top Momentum Pick? Why Hancock Whitney (HWC) is a Great Choice

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: Hancock Whitney (HWC) - Hancock Whitney currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3]. - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on historical performance metrics [4]. Price Performance - HWC shares have increased by 0.3% over the past week, outperforming the Zacks Banks - Southeast industry, which rose by 0.07% [6]. - Over the past month, HWC's price change is 11.52%, significantly higher than the industry's 6.6% [6]. - In the last quarter, HWC shares rose by 5.47%, and over the past year, they gained 20.41%, compared to the S&P 500's increases of 3.01% and 17.28%, respectively [7]. Trading Volume - HWC's average 20-day trading volume is 770,509 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, two earnings estimates for HWC have increased, while none have decreased, raising the consensus estimate from $5.70 to $5.71 [10]. - For the next fiscal year, three estimates have moved upwards with no downward revisions, indicating positive earnings momentum [10]. Conclusion - Given the strong momentum characteristics and positive earnings outlook, HWC is positioned as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12].