Ross Stores (ROST) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Ross Stores (ROST) - Ross Stores currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, ROST shares increased by 4.76%, outperforming the Zacks Retail - Discount Stores industry, which rose by 4.33% [6] - In the last quarter, ROST shares have risen by 22.11%, and over the past year, they have gained 27.19%, compared to the S&P 500's increases of 6.77% and 21.08%, respectively [7] Trading Volume - ROST's average 20-day trading volume is 2,042,110 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, 6 earnings estimates for ROST have been revised upwards, with no downward revisions, raising the consensus estimate from $6.20 to $6.47 [10] - For the next fiscal year, 6 estimates have also moved higher, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong performance metrics and positive earnings outlook, ROST is positioned as a promising investment opportunity with a Momentum Score of A [12]