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Here's Why CBRE Group (CBRE) is a Strong Momentum Stock

The article from MSN Money discusses why CBRE Group, Inc. (CBRE) is considered a strong momentum stock. It highlights CBRE's recent performance metrics, including a 1.5% increase in stock price over the past week, outperforming the Zacks Real Estate - Operations industry which saw a 0.3% decline. Over longer periods, CBRE has shown even stronger momentum with a 16.5% rise in the last three months and a 14.7% increase over the past year, compared to the S&P 500's performance. The article also notes that CBRE's earnings estimates have been revised upwards, with the current quarter's estimates increasing from 86 cents to 91 cents per share, and the full year's from $4.25 to $4.40 per share. This positive revision in earnings estimates, along with CBRE's favorable Momentum Style Score of B and a Zacks Rank of #2 (Buy), supports the argument for its momentum strength. The article concludes by suggesting that CBRE's stock could be a good pick for investors looking to capitalize on momentum investing.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/here-s-why-cbre-group-cbre-is-a-strong-momentum-stock/ar-AA1voTmn ]