Are You Looking for a Top Momentum Pick? Why MasTec (MTZ) is a Great Choice

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: MasTec (MTZ) - MasTec 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] Price Performance - Over the past week, MasTec shares increased by 5.06%, outperforming the Zacks Building Products - Heavy Construction industry, which rose by 4.72% [5] - In a longer timeframe, MasTec shares have risen by 57.49% over the last three months and 66.56% over the past year, significantly outperforming the S&P 500, which increased by 10.42% and 14.64% respectively [6] Trading Volume - The average 20-day trading volume for MasTec is 780,297 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, four earnings estimates for MasTec have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $5.76 to $6.07 [9] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, MasTec is identified as a promising stock to consider for near-term investment [11]