Manulife Financial (MFC) Is Up 3.14% in One Week: What You Should Know

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: Manulife Financial (MFC) - Manulife Financial currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), which is associated with strong historical performance [4] Performance Metrics - Over the past week, MFC shares increased by 3.14%, outperforming the Zacks Insurance - Life Insurance industry, which rose by 1.59% [6] - In the last quarter, MFC shares rose by 8.86%, and over the past year, they increased by 25.48%, while the S&P 500 only moved 1.9% and 15.32%, respectively [7] - The average 20-day trading volume for MFC is 1,740,134 shares, indicating a bullish sign with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for MFC have been revised upwards, increasing the consensus estimate from $2.86 to $2.96 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10]