Tenet Healthcare (THC) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Tenet Healthcare (THC) - Tenet Healthcare currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - Over the past week, THC shares increased by 5.86%, while the Zacks Medical - Hospital industry remained flat [6] - In a longer timeframe, THC's monthly price change is 17.76%, outperforming the industry's 15.59% [6] - Over the past quarter, THC shares rose by 20.29%, and over the last year, they increased by 117.79%, compared to the S&P 500's gains of 4.75% and 26.5%, respectively [7] Trading Volume - THC's average 20-day trading volume is 1,485,728 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 8 earnings estimates for THC have been revised upwards, increasing the consensus estimate from $8.74 to $10.70 [10] - For the next fiscal year, 9 estimates have also moved upwards, with no downward revisions [10]