Are You Looking for a Top Momentum Pick? Why Lloyds (LYG) is a Great Choice

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: Lloyds (LYG) - Lloyds currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - Over the past week, Lloyds shares increased by 1.48%, outperforming the Zacks Banks - Foreign industry, which rose by 1.38% [5] - In a longer timeframe, Lloyds shares have gained 18.16% over the past quarter and 79.54% over the last year, significantly outperforming the S&P 500's increases of 3.46% and 14.89%, respectively [6] Trading Volume - The average 20-day trading volume for Lloyds is 5,724,568 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for Lloyds have been revised upwards, with the consensus estimate increasing from $0.42 to $0.43 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions during the same period [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Lloyds is identified as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]