Latest news with #SSB
Yahoo
a day ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why SouthState (SSB) is a Great Choice
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at SouthState (SSB), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. SouthState currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if SSB is a promising momentum pick, let's examine some Momentum Style elements to see if this bank holding company holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For SSB, shares are up 5.82% over the past week while the Zacks Financial - Miscellaneous Services industry is up 3.24% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.66% compares favorably with the industry's 4.28% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of SouthState have risen 12.15%, and are up 21.41% in the last year. On the other hand, the S&P 500 has only moved 10.83% and 14.92%, respectively. Investors should also take note of SSB's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, SSB is averaging 1,567,230 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SSB. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost SSB's consensus estimate, increasing from $8.03 to $8.13 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that SSB is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep SouthState on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SouthState Corporation (SSB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Time of India
3 days ago
- Time of India
From Rs 1 lakh bribe to CISF Jobs: How 9 UP men used fake Telangana documents to snag defence posts
A gang in Adilabad district has been busted for providing fake Telangana Aadhaar cards and certificates to individuals from Uttar Pradesh. These fraudulent documents were used to secure jobs in the armed forces under the Telangana state quota. Police have arrested three local men and are in the process of apprehending nine recruits who benefited from the scam. Tired of too many ads? Remove Ads How the Racket Worked Tired of too many ads? Remove Ads What's Next? A gang helping people from Uttar Pradesh (UP) get Aadhaar cards using fake Telangana addresses and certificates has been busted in Adilabad district . These fake Aadhaar cards were then used to secure jobs in the armed forces under the Telangana state to police, three local men from Ichoda, identified as Sheik Khaleem, Sheik Farid, and Jadhav Gajanand, have been arrested for running the youths from UP, who used these fake documents to get recruited into the armed forces including the CISF and SSB, will also be arrested after following legal procedures. Police said they are currently undergoing training at different centres across scam was discovered during routine police verification of the newly recruited candidates. 'These nine people paid Rs 1 lakh each to the gang for fake residence and education certificates,' said Utnoor ASP Kajal Singh on said one of the accused, Sahani Sooraj, first got a fake residence certificate and used it to obtain an Aadhaar card claiming to be from Ichoda, Telangana. He later secured a job in the CISF under Telangana's state quota. However, during background checks, it was found that he was actually from allegedly got in touch with the gang through his relatives in Bhainsa town . He managed to get fake documents including a school certificate and a residence certificate, some of which carried forged seals from the tahsildar's his plan succeeded, others followed the same method using documents forged by the same gang, police are now contacting the central forces' headquarters to trace and arrest the nine men who got jobs with the help of these fake documents. Police said they will also question them to find out if more people or officials are involved in the from TOI


Time of India
3 days ago
- Time of India
UP natives use forged Telangana documents to land defence jobs: Fake residence proof used to get Aadhaar to avail state quota; gang busted in Adilabad, 3 held
I observe police officers apprehending individuals involved in a fake Aadhaar card scam within a dimly lit room. Overturned furniture and scattered documents litter the floor. HYDERABAD: A gang providing Aadhaar for Uttar Pradesh natives with fake address and certificates from Telangana to get jobs in the armed forces under the state quota has been busted in Adilabad district. Three persons, all locals, have been arrested. The nine people from UP, who got these jobs by claiming to be residents of Ichoda in Adilabad, will be arrested after due process, police said. The racket came to light during police verification of candidates recruited into the armed forces, including CISF and SSB, the Adilabad police said. Police probe found that the nine were undergoing training in the armed forces at different locations. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Utnoor ASP Kajal Singh on Sunday said that the nine had paid Rs 1 lakh each to the gang in Adilabad. "The gang forged seals of the offices from the village for issuing fake certificates to candidates," Singh said. The arrested were identified as Sheik Khaleem, Sheik Farid and Jadhav Gajanand, all residents of Islampur village, Ichoda. 'Accused approached gang through his kin in Bhainsa' Police said one Sahani Sooraj had obtained a fake residence certificate and used it to get Aadhaar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo He got a job in Central Industrial Security Force (CISF) under Telangana quota, but during verification it was found that he was actually from Uttar Pradesh. Cops found that he had approached the gang through his relatives in the neighbouring Bhainsa town. Key documents As he managed to obtain fake residence, SSC memo and other documents and finally Aadhaar, other candidates followed suit. Police said the first candidate's key documents were issued by the tahsildar's office using forged supporting documents. But the documents of other candidates were found to forged by the gang, police said. 'We will be writing to the headquarters of the respective forces and apprehend them at the earliest. We will be interrogating them to find the involvement of other persons,' an official further said.


NDTV
3 days ago
- NDTV
7 Arrested For Carrying Banned Electronic Walkie-Talkie Sets On India-Nepal Border
Bahraich: The Sashastra Seema Bal (SSB) has arrested seven people with five banned frequency hopping enabled electronic walkie-talkie sets at Rupaidiha on the India-Nepal border in Uttar Pradesh's Bahraich district, an official on Sunday said. The seven apprehended were handed over to police, he said. Police registered a case against those arrested under sections of the Telecommunication Act, Indian Telegraph Act and Indian Wireless Telegraphy Act on the complaint of a SSB officer. The arrested suspects, who are residents of Maharashtra's Pune and Thane, and Uttar Pradesh's Bahraich, Bijnor and Kushinagar districts, have been sent to jail. The SSB said that the arrested returned after meeting the officials of Islamic Union of Nepal, an organisation based in that country, which receives funding from the Pakistani agencies. "During checking by the SSB at Rupaidiha border on the evening of June 27, seven people travelling in an SUV from Nepal were stopped. Five banned frequency hopping enabled electronic walkie-talkie sets were recovered from their possession," 42nd Battalion Commandant Ganga Singh Udawat told PTI. "The use of frequency hopping enabled sets is prohibited in India without a license. In this technology, the frequency keeps changing continuously during the conversation, which makes it extremely difficult to intercept," he said. Udawat said that after finding suspicious walkie-talkies, all were questioned by various security agencies. These people could not give any valid reason for taking the banned frequency hopping enabled walkie-talkies to Nepal, he added. It came to light during interrogation that one of the arrested persons, identified as Mohammad Muslim, a resident of Pune, used to live in Matera area of Bahraich earlier, said the official and added that he settled in Pune around 15-20 years ago to do catering business. "Mohammad Muslim came to Bahraich on June 24 for his daughter's wedding. On June 26, Mohammad Muslim went to the neighboring country Nepal with his companions Bilal Abdul Rehman Sheikh and Munir Yusuf Sheikh (from Pune in Maharashtra), Temeshwar Bhondve (from Thane in Maharashtra), Achalesh Kumar (Bijnor, UP), Shankar Pandey (Kushinagar, UP) and Changur Ahmed (Bahraich)," the commandant said. "In Nepal, they met a person named Naseem Sheikh, all of them stayed at his house for one night. Naseem Sheikh is associated with an organization called Islamic Sangh of Nepal which is funded by Pakistani agencies," he added. "In view of all this, we consider this incident as a suspicious security threat and a case has been registered against all the seven persons under the Telecommunication Act 2023, Indian Telegraph Act 1885 and Indian Wireless Telegraphy Act 1933 at Rupaidiha Police Station on June 28," Udawat said. "The accused were handed over to police and sent to jail," he added. The commandant further said all aspects of this incident are being investigated.


Time of India
3 days ago
- Politics
- Time of India
Judoka Lalhumhimi wins gold at World Police C'ship
1 2 Aizawl: Mizo judoka, , bagged a gold medal in women's 52 kg category at the World Police Championship 2025 being held in Alabama, the US. Lalhumhimi, a resident of Zemabawk North neighbourhood, is serving in Indian police's Sashastra Seema Bal (SSB). She had won a gold medal in the All India Police Judo Cluster Championship in Guwahati last year to qualify for the World Police Championship. The Mizo sportsperson had also won gold medals at the National Games 2022 and the North East Games 2016, besides a number of medals for the state in regional and national judo competitions. State home minister K Sapdanga and sports & youth services minister Lalnghinglova Hmar congratulated Lalhumhimi for her feat at the world-level judo competition. Sapdanga, through social media, said the Mizo girl made policemen and the people of Mizoram proud through her success. "Physical fitness and being a policeman go hand in hand," he posted.