Charter Communications (CHTR) 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] Company Overview: Charter Communications (CHTR) - Charter Communications currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - CHTR shares have increased by 6.35% over the past week, outperforming the Zacks Cable Television industry, which rose by 3.59% [5] - Over the past month, CHTR's price change is 23.09%, significantly higher than the industry's 1.83% [5] - In the last quarter, CHTR shares rose by 17.53%, and over the past year, they have gained 53.25%, while the S&P 500 has seen movements of -2.56% and 11.12% respectively [6] Trading Volume - CHTR's average 20-day trading volume is 1,575,525 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 3 earnings estimates for CHTR have been revised upwards, while 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, 5 estimates have moved higher, with 1 downward revision during the same period [9] Conclusion - Given the positive performance metrics and earnings outlook, CHTR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]