United States Cellular (USM) 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 higher, with the expectation that established trends will continue [1][2]. Company Overview: United States Cellular (USM) - USM currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [3]. - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - Over the past week, USM shares increased by 0.24%, outperforming the Zacks Wireless National industry, which rose by 0.12% [6]. - In a longer timeframe, USM's monthly price change is 5.06%, compared to the industry's 3.72% [6]. - Over the last quarter, USM shares have risen by 7.5%, and they have surged by 89.02% in the past year, while the S&P 500 has seen declines of -2.97% and gains of 15.34%, respectively [7]. Trading Volume - USM's average 20-day trading volume is 124,421 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - In the past two months, two earnings estimates for USM have been revised upwards, increasing the consensus estimate from $1.06 to$1.16 [10]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [10]. Conclusion - Given the positive momentum indicators and earnings outlook, USM is positioned as a strong buy candidate for investors seeking short-term opportunities [12].