Banco Santander (SAN) 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 Santander (SAN) - Banco Santander currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, SAN shares increased by 2.99%, outperforming the Zacks Banks - Foreign industry, which rose by 1.81% [6] - In the last month, SAN's price change was 13%, compared to the industry's 8.17% [6] - Over the past quarter, SAN shares rose by 12.79%, and over the last year, they increased by 163.25%, while the S&P 500 only moved 4.03% and 16.96%, respectively [7] Trading Volume - SAN's average 20-day trading volume is 2,509,971 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for SAN show positive momentum, with 2 estimates moving higher for the current fiscal year, raising the consensus estimate from $1.01 to $1.03 [10] - For the next fiscal year, 3 estimates have increased with no downward revisions, indicating a favorable earnings outlook [10] Conclusion - Considering the positive performance metrics and earnings outlook, SAN is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]