CME Group (CME) Is Up 1.44% in One Week: What You Should Know

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: CME Group - CME Group currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, CME shares increased by 1.44%, while the Zacks Securities and Exchanges industry rose by 2.89% [5] - In a longer timeframe, CME shares have appreciated by 12.3% over the past quarter and 29.92% over the last year, outperforming the S&P 500, which saw declines of -7.64% and gains of 10.16% respectively [6] Trading Volume - CME's average 20-day trading volume is 2,997,252 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 10 earnings estimates for CME have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.53 to$11.11 [9] - For the next fiscal year, 9 estimates have moved higher, while 1 has been revised downwards [9] Conclusion - Considering the positive price trends, strong earnings outlook, and favorable momentum score, CME Group is identified as a solid momentum pick for investors [11]