Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Tesco PLC (TSCDY) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market, with TSCDY rated as 2 (Buy) [3] Group 2: Performance Metrics - TSCDY shares have increased by 0.9% over the past week, while the Zacks Retail - Supermarkets industry has decreased by 0.19% [5] - Over the last quarter, TSCDY shares have risen by 24.02%, and by 47.87% over the past year, compared to the S&P 500's increases of 4.57% and 31.09% respectively [6] - The average 20-day trading volume for TSCDY is 525,806 shares, indicating a bullish sign if the stock is rising with above-average volume [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for TSCDY show one upward revision and no downward revisions, increasing the consensus estimate from 0.97 over the past 60 days [9] - The positive earnings outlook contributes to TSCDY's status as a 2 (Buy) stock with a Momentum Score of B, suggesting it is a promising near-term investment [9]
Tesco PLC (TSCDY) is a Great Momentum Stock: Should You Buy?