Nasdaq (NDAQ) Is Up 1.63% 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] Group 1: Momentum Style Score - Nasdaq (NDAQ) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The Momentum Style Score is complemented by the Zacks Rank, with Nasdaq rated 2 (Buy), suggesting a favorable outlook for performance [4] Group 2: Price Performance - Over the past week, NDAQ shares increased by 1.63%, while the Zacks Securities and Exchanges industry rose by 2.39% [6] - In a longer timeframe, NDAQ shares have appreciated by 11.88% over the last three months and 30.51% over the past year, outperforming the S&P 500's gains of 6.77% and 21.08% respectively [7] Group 3: Trading Volume - NDAQ's average 20-day trading volume is 3,230,968 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - In the last two months, five earnings estimates for NDAQ have been revised upwards, increasing the consensus estimate from $3.41 to $3.43 [10] - For the next fiscal year, four estimates have also moved higher, with no downward revisions noted [10] Group 5: Conclusion - Considering all factors, NDAQ is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [12]