L'Oreal SA (LRLCY) 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] Company Overview: L'Oreal SA (LRLCY) - L'Oreal SA 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 market outperformance [4] Price Performance - Over the past week, L'Oreal shares increased by 1.9%, while the Zacks Consumer Products - Staples industry rose by 3.92% [6] - In a longer timeframe, L'Oreal's monthly price change is 2.49%, outperforming the industry's 0.06% [6] - Over the last quarter, L'Oreal shares have risen by 15.68%, and over the past year, they are up 33.91%, compared to the S&P 500's increases of 1.65% and 15.6%, respectively [7] Trading Volume - The average 20-day trading volume for L'Oreal is 217,340 shares, which serves as a price-to-volume baseline for assessing stock performance [8] Earnings Outlook - In the past two months, three earnings estimates for L'Oreal have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.15 to $3.41 [10] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10]