ABB (ABBNY) Is Up 0.60% 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: ABB (ABBNY) - ABB currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, ABB shares increased by 0.6%, while the Zacks Manufacturing - Electronics industry rose by 1.46% [5] - In a longer timeframe, ABB's monthly price change is 17.24%, outperforming the industry's 7.89% [5] - Over the past quarter, ABB shares have risen by 31.41%, and over the last year, they are up 60.59%, compared to the S&P 500's increases of 1.86% and 15.7%, respectively [6] Trading Volume - ABB's average 20-day trading volume is 376,706 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, three earnings estimates for ABB have been revised upwards, with no downward revisions, raising the consensus estimate from $3.03 to $3.08 [9] - For the next fiscal year, one estimate has moved upwards, with no downward revisions noted [9] Conclusion - Given the positive momentum indicators and earnings outlook, ABB is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]