Melco Resorts (MLCO) is a Great Momentum Stock: Should You Buy?

Company Overview - Melco Resorts (MLCO) currently holds a Momentum Style Score of B, indicating potential for strong performance based on recent trends [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4] Price Performance - Over the past week, MLCO shares have increased by 3.1%, while the Zacks Gaming industry has remained flat [6] - In the last month, MLCO's price change is 33.63%, significantly outperforming the industry's 3.97% [6] - For the past quarter, MLCO shares have risen by 76.45%, and over the last year, they are up 50.33%, compared to the S&P 500's increases of 19.69% and 14.71%, respectively [7] Trading Volume - MLCO's average 20-day trading volume is 4,372,181 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, two earnings estimates for MLCO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.24 to $0.29 [10] - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Considering the positive price trends, strong earnings outlook, and favorable trading volume, MLCO is positioned as a strong momentum pick with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [12]