Are You Looking for a Top Momentum Pick? Why Banco Bilbao (BBVA) is a Great Choice

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established price movements for profitable trades [1] Company Overview: Banco Bilbao (BBVA) - BBVA currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [1] - The bank has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [2] Performance Metrics - Over the past week, BBVA shares increased by 0.42%, while the Zacks Banks - Foreign industry rose by 1.04% [3] - In a longer timeframe, BBVA's shares have appreciated by 17.23% monthly, compared to the industry's 3.69% [3] - Over the past quarter, BBVA shares have surged by 27.45%, and over the last year, they have gained 67.94%, significantly outperforming the S&P 500's increases of 10.42% and 32.12% respectively [4] Trading Volume - BBVA's average 20-day trading volume is 1,634,562 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, two earnings estimates for BBVA have been revised upwards, with the consensus estimate increasing from $1.47 to $1.54 [5] - For the next fiscal year, one estimate has moved higher, with no downward revisions noted [5] Conclusion - Given the positive performance metrics and earnings outlook, BBVA is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [6]