CBOE Global (CBOE) 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: CBOE Global - CBOE Global currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on historical performance metrics [3] Performance Metrics - CBOE shares have increased by 5.18% over the past week, outperforming the Zacks Securities and Exchanges industry, which rose by 2.39% [5] - Over the past month, CBOE's price change is 8.91%, compared to the industry's 4.96% [5] - In the last quarter, CBOE shares rose by 14.15%, and over the past year, they increased by 39.66%, while the S&P 500 only moved 4.41% and 18.09%, respectively [6] Trading Volume - CBOE's average 20-day trading volume is 646,518 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 6 earnings estimates for CBOE have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.08 to $10.27 [9] - For the next fiscal year, 6 estimates have also moved upwards, indicating positive sentiment [9] Conclusion - Given the strong performance metrics and positive earnings outlook, CBOE Global is positioned as a promising investment opportunity with a Momentum Score of A [11]