Here's Why TEGNA Inc. (TGNA) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Summary: TEGNA Inc. (TGNA) - TEGNA Inc. currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - Over the past week, TGNA shares have increased by 34.03%, significantly outperforming the Zacks Broadcast Radio and Television industry, which rose by 4.01% [5] - In a longer time frame, TGNA's shares have risen 22.73% over the past month, compared to the industry's 2.46% [5] - Over the last three months, TGNA shares have increased by 23.32%, and over the past year, they have risen by 49.56%, while the S&P 500 has only moved 9.33% and 17.71%, respectively [6] - The average 20-day trading volume for TGNA is 2,762,438 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, one earnings estimate for TGNA has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $1.61 to $1.66 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period, indicating positive earnings momentum [9] Conclusion - Considering the positive price trends and earnings outlook, TEGNA Inc. is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]