Bayer Aktiengesellschaft (BAYRY) 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] Group 1: Company Overview - Bayer Aktiengesellschaft (BAYRY) currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [2][3] - The company has a Zacks Rank of 2 (Buy), which is associated with strong historical performance [3] Group 2: Price Performance - BAYRY shares have increased by 14.7% over the past week, significantly outperforming the Zacks Large Cap Pharmaceuticals industry, which rose by only 0.67% [5] - Over the past month, BAYRY's price change is 20.42%, compared to the industry's 3.44% [5] - In the last quarter, BAYRY shares have surged by 59.9%, and over the past year, they have gained 130.96%, while the S&P 500 has only moved 2.42% and 14.97%, respectively [6] Group 3: Trading Volume - The average 20-day trading volume for BAYRY is 521,464 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, one earnings estimate for BAYRY has increased, raising the consensus estimate from $1.33 to $1.42 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Group 5: Conclusion - Considering all factors, BAYRY is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a noteworthy option for near-term investment [11]