What Makes TIM S.A. Sponsored ADR (TIMB) a Strong Momentum Stock: Buy Now?

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: TIM S.A. Sponsored ADR (TIMB) - TIMB currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The stock has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, TIMB shares increased by 5.47%, outperforming the Zacks Wireless Non-US industry, which rose by 1.56% [5] - In a longer timeframe, TIMB shares have gained 26.32% over the past quarter and 29.88% over the last year, while the S&P 500 only increased by 8.33% and 12.92%, respectively [6] Trading Volume - The average 20-day trading volume for TIMB is 440,041 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the last two months, 2 earnings estimates for TIMB have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from $1.31 to $1.37 [9] - For the next fiscal year, there have been 2 upward revisions with no downward revisions during the same period [9] Conclusion - Considering the performance metrics and earnings outlook, TIMB is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]