Visa (V) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Visa (V) - Visa currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, Visa's shares increased by 1.82%, outperforming the Zacks Financial Transaction Services industry, which rose by 0.49% [5] - In a longer timeframe, Visa's shares have appreciated by 14.44% over the past month, compared to the industry's 4.42% [5] - Visa's stock has gained 12.52% over the past quarter and 27.69% over the last year, significantly outperforming the S&P 500, which moved 1.46% and 22.19% respectively [6] Trading Volume - The average 20-day trading volume for Visa is 5,428,975 shares, indicating a bullish sentiment as the stock is rising with above-average volume [7] Earnings Outlook - In the last two months, 11 earnings estimates for Visa have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $11.23 to$11.30 [9] - For the next fiscal year, 9 estimates have moved up, with only 1 downward revision, indicating a positive earnings outlook [9] Conclusion - Considering the positive momentum indicators and earnings outlook, Visa is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]