Here's Why Kellanova (K) is a Strong Momentum Stock

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Tue, November 26, 2024

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[ Tue, Nov 26th 2024 ] - Bill Williamson

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[ Tue, Nov 26th 2024 ] - Michael Jones

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Here's Why Kellanova (K) is a Strong Momentum Stock

Here's Why Kellanova (K) is a Strong Momentum Stock

^{Published on 2024-11-26 12:21:03 - Thomas Matters, WOPRAI}

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank,

The article from MSN Money discusses why Kellanova (formerly known as Kellogg Company) is considered a strong momentum stock. It highlights that Kellanova has shown significant price strength, with its shares increasing by 10.16% over the past week and 11.86% over the past quarter, outperforming the S&P 500. The stock's momentum is further supported by its Momentum Style Score of B and a Zacks Rank of #2 (Buy), indicating positive earnings estimate revisions. Additionally, the article points out that Kellanova's average 20-day trading volume has been strong, suggesting active investor interest. The company also boasts a history of surpassing earnings expectations, with an average surprise of 18.9% over the last four quarters. These factors combined make Kellanova an attractive option for investors looking for stocks with upward price momentum.

Read the Full MSN Article at [ https://www.msn.com/en-us/money/topstocks/here-s-why-kellanova-k-is-a-strong-momentum-stock/ar-AA1uNkXv ]