Yahoo Finance Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Tenet Healthcare (THC)
Founded in 1967 and headquartered in Dallas, TX, Tenet Healthcare Corp., is an investor-owned health care services company, which owns and operates general hospitals and related health care facilities for urban and rural communities in numerous states, and has offices in California and Florida. The company has investments in other health care companies and is one of the largest investor-owned health care delivery systems in the United States.
THC is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of A and VGM Score of A. Shares are up 25.1% over the past one week and up 17.7% over the past four weeks. THC has gained 73.4% in the last one-year period as well. Looking at trading volume, an average of 1,398,449.75 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For THC, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $2.07 to $8.05 per share for 2024. THC boasts an average earnings surprise of 56.5%.
Investors should take the time to consider THC for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Tenet Healthcare Corporation (THC) : Free Stock Analysis Report
