Why Molson Coors Brewing (TAP) is a Top Momentum Stock for the Long-Term

Company Overview - Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005 [11] - The company is a global manufacturer and seller of beer and other beverage products, with a diverse portfolio of owned and partner brands including Blue Moon, Miller Lite, CoorsBanquet, Coors Light, and regional brands like Carling and Molson Canadian [11] Investment Analysis - Molson Coors has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid position in the market [12] - The company has a Momentum Style Score of A, with shares increasing by 0.8% over the past four weeks [12] - For fiscal 2024, nine analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $5.75 per share [12] - Molson Coors boasts an average earnings surprise of 20%, suggesting strong performance relative to expectations [12] - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Molson Coors is recommended for investors' consideration [13]