Are You Looking for a Top Momentum Pick? Why Banco Santander (SAN) is a Great Choice

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 and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [2][3] - The stock has shown significant price performance, with a 20.5% increase over the past quarter and a remarkable 156.01% rise over the last year, compared to the S&P 500's 2.74% and 18.3% increases, respectively [6] Price Performance - Over the past week, SAN shares increased by 2.2%, while the Zacks Banks - Foreign industry rose by 0.29% [5] - The monthly price change for SAN is 3.74%, outperforming the industry's 3.02% [5] Trading Volume - The average 20-day trading volume for SAN is 2,516,204 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, two earnings estimates for SAN have been revised upwards, increasing the consensus estimate from $1.01 to $1.03 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [9] Conclusion - Given the positive momentum indicators and earnings outlook, Banco Santander is positioned as a strong buy candidate with a Momentum Score of B [11]