Tenet Healthcare (THC) Is Up 11.18% in One Week: What You Should Know

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: Tenet Healthcare (THC) - Tenet Healthcare 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] - Over the past week, THC shares increased by 11.18%, outperforming the Zacks Medical - Hospital industry, which rose by 9.56% [5] - In a longer timeframe, THC shares have appreciated by 34.51% over the past month, compared to the industry's 13.64% [5] - Over the last quarter, THC shares rose by 23.59%, and over the past year, they gained 24.85%, while the S&P 500 saw movements of -2.56% and 11.12%, respectively [6] - The average 20-day trading volume for THC is 1,609,941 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, 8 earnings estimates for THC have been revised upwards, while none have been revised downwards, increasing the consensus estimate from $12.12 to $12.69 [9] - For the next fiscal year, 4 estimates have moved up, while 3 have been revised down [9] Conclusion - Considering the positive momentum indicators and earnings outlook, Tenet Healthcare is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]