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Here's Why Dave Inc. (DAVE) is a Great Momentum Stock to Buy

^{Published on 2024-12-05 03:01:47 - Thomas Matters, WOPRAI}
 

• Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher.

The article from MSN Money discusses why Dave Inc. (DAVE) could be considered a great momentum stock to buy. It highlights that Dave, a financial technology company, has shown significant momentum in its stock price, with a 10.7% increase last week and a 22.9% rise over the past month. This performance is attributed to several factors including a high Momentum Score of A from Zacks, which indicates strong price momentum. The article also notes that Dave's stock has a favorable Zacks Rank, suggesting that the stock could continue its upward trend. Additionally, the piece mentions the company's focus on providing banking services to those underserved by traditional banks, potentially tapping into a growing market. The combination of positive earnings estimate revisions, a robust business model, and strong stock performance metrics make Dave an attractive option for investors looking for momentum stocks.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/here-s-why-dave-inc-dave-is-a-great-momentum-stock-to-buy/ar-AA1vgZuY ]

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