Here's Why CBOE Global (CBOE) is a Strong Momentum Stock
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
CBOE Global (CBOE)
Based in Chicago, IL, and founded in 1973, Cboe Global Markets, Inc. (effective Oct 17, 2017, CBOE Holdings, Inc. came to be known as Cboe Global Markets, Inc.) is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading.
CBOE boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of CBOE Global has seen some interesting price action recently; the stock is up 2.2% over the past one week and up 0% over the past four weeks. And in the last one-year period, CBOE has gained 28.7%. As for the stock's trading volume, 838,434.88 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For CBOE, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.07 to $8.68 per share for 2024. CBOE boasts an average earnings surprise of 5%.
CBOE should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report