RBC Bearings (RBC) Is Up 6.18% 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: RBC Bearings - RBC Bearings currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, RBC shares increased by 6.18%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 4.01% [6] - In the last month, RBC's shares rose by 5.87%, compared to the industry's 4.02% [6] - Over the past quarter, RBC shares have risen by 30.66%, and over the last year, they are up 65.5%, while the S&P 500 has only increased by 3.7% and 19.07%, respectively [7] Trading Volume - RBC's average 20-day trading volume is 183,380 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for RBC has increased, while none have decreased, raising the consensus estimate from $11.77 to $11.81 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [10] Conclusion - Considering the strong momentum indicators and positive earnings outlook, RBC Bearings is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]