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Here's Why Dolby Laboratories (DLB) is a Strong Momentum Stock
- Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter,
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 ]
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 ]
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