What Makes Walmart (WMT) a Strong Momentum Stock: Buy Now?

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 Walmart (WMT) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperformance; Walmart has a Zacks Rank of 2 (Buy) [3] Group 2: Walmart's Performance Metrics - Over the past week, Walmart shares increased by 3.07%, outperforming the Zacks Retail - Supermarkets industry, which rose by 1.05% [5] - In a longer time frame, Walmart's shares rose by 16.26% over the past quarter and 76.26% over the last year, while the S&P 500 increased by 4.45% and 25.58%, respectively [6] - Walmart's average 20-day trading volume is 13,158,338 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for Walmart show positive momentum, with one estimate moving higher for the full year and two upward revisions for the next fiscal year [9] - The consensus earnings estimate for Walmart increased from $2.47 to$2.48 over the past 60 days, reflecting positive sentiment [9] - Given these factors, Walmart is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]