Huntington Bancshares (HBAN) 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: Huntington Bancshares (HBAN) - HBAN currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, HBAN shares increased by 6.18%, outperforming the Zacks Banks - Midwest industry, which rose by 5.45% [6] - In the last quarter, HBAN shares rose by 11.11%, and over the past year, they increased by 31.8%, compared to the S&P 500's gains of 5.33% and 26.85%, respectively [7] - The average 20-day trading volume for HBAN is 15,305,741 shares, indicating strong trading activity [8] Earnings Outlook - In the past two months, 8 earnings estimates for HBAN have been revised upwards, while none have been lowered, raising the consensus estimate from $1.34 to$1.40 [10] - For the next fiscal year, there have been 3 upward revisions and 2 downward revisions in earnings estimates [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, HBAN is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]