Morgan Stanley (MS) 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: Morgan Stanley (MS) - Morgan Stanley currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [3] Price Performance - Over the past week, Morgan Stanley's shares increased by 2.76%, outperforming the Zacks Financial - Investment Bank industry, which rose by 1.52% [5] - In the last month, Morgan Stanley's shares rose by 6.81%, compared to the industry's 6.02% [5] - Over the past quarter, shares have increased by 13.82%, and over the last year, they are up 43.09%, while the S&P 500 has only moved 3.98% and 16.97%, respectively [6] Trading Volume - The average 20-day trading volume for Morgan Stanley is 5,144,396 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for Morgan Stanley have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.42 to $9.88 [9] - For the next fiscal year, four estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Morgan Stanley is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential investment opportunity [11]