State Street Corporation (STT) Is Up 2.68% in One Week: What You Should Know

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with State Street Corporation (STT) currently holding a Momentum Style Score of B [2] Group 2: Zacks Rank and Performance - STT has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3] - Stocks rated Zacks Rank 1 or 2 with Style Scores of A or B have historically outperformed the market over the following month [3] Group 3: Price Performance Metrics - STT shares have increased by 2.68% over the past week, outperforming the Zacks Banks - Major Regional industry, which rose by 0.33% [5] - Over the past month, STT's shares rose by 5.48%, compared to the industry's 4.51% [5] - In the last quarter, STT shares increased by 19%, and over the past year, they gained 37.25%, while the S&P 500 moved 7.29% and 32.85%, respectively [6] Group 4: Trading Volume Insights - STT's average 20-day trading volume is 2,224,492 shares, which serves as a price-to-volume baseline; rising stocks with above-average volume are generally bullish [7] Group 5: Earnings Estimates and Revisions - Over the past two months, 7 earnings estimates for STT have moved higher, with no downward revisions, boosting the consensus estimate from $8.14 to$8.38 [9] - For the next fiscal year, 7 estimates have also moved upwards without any downward revisions [9] Group 6: Conclusion - Given the positive momentum indicators and earnings outlook, STT is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]