The Charles Schwab Corporation (SCHW) Is Up 3.64% in One Week: What You Should Know

Core Viewpoint - The Charles Schwab Corporation (SCHW) is identified as a strong momentum stock, currently holding a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating potential for significant near-term gains [2][3][11]. Momentum Characteristics - Momentum investing focuses on following a stock's recent price trends, with the aim of capitalizing on established price movements [1]. - SCHW's shares have increased by 3.64% over the past week, outperforming the Zacks Financial - Investment Bank industry, which rose by 1.49% during the same period [5]. - Over the past quarter, SCHW's shares have risen by 10.21%, and over the last year, they have gained 26.77%, 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 SCHW is 7,538,009 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Estimates - In the last two months, 11 earnings estimates for SCHW have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $5.55 to $5.73 [9]. - For the next fiscal year, 6 estimates have also moved higher, with no downward revisions noted [9]. Conclusion - Given the strong momentum indicators and positive earnings outlook, SCHW is positioned as a promising investment opportunity for those seeking stocks with potential for short-term gains [11].