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Here's Why Dolby Laboratories (DLB) is a Strong Momentum Stock

The article from MSN Money discusses why Dolby Laboratories (DLB) is considered a strong momentum stock. It highlights that DLB has shown significant positive momentum in its stock price, with a 1.8% increase last week compared to a 0.2% rise in the Zacks Audio Video Production industry. Over the past month, DLB's shares have risen by 10.1% against the industry's 2.3%. The stock has also performed well over longer periods, with a 12.5% increase in the last quarter and a 20.7% rise over the past year, outperforming the S&P 500. This momentum is supported by DLB's earnings estimates, which have seen upward revisions; the current quarter's estimates have increased by 1.76% over the last 30 days, and the full-year estimate has risen by 2.56%. These factors, along with a favorable Momentum Score of A and a Zacks Rank #1 (Strong Buy), underline why Dolby Laboratories is viewed as a momentum stock with potential for further growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/here-s-why-dolby-laboratories-dlb-is-a-strong-momentum-stock/ar-AA1vkLAO ]