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] Company Summary: Charter Communications (CHTR) - CHTR currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - CHTR shares have increased by 10.23% over the past week, outperforming the Zacks Cable Television industry, which rose by 3.9% during the same period [5] - Over the past quarter, CHTR shares have gained 13.57%, and over the last year, they have increased by 50.89%, while the S&P 500 has moved -7.43% and 12.15%, respectively [6] - The average 20-day trading volume for CHTR is 1,557,079 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, 3 earnings estimates for CHTR have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $37.90 to $39.58 [9] - For the next fiscal year, 6 estimates have moved upwards with no downward revisions, indicating positive sentiment regarding future earnings [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, CHTR is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]
What Makes Charter Communications (CHTR) a Strong Momentum Stock: Buy Now?