What Makes Tutor Perini (TPC) a Strong Momentum Stock: Buy Now?

Company Overview - Tutor Perini (TPC) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - TPC shares have increased by 2.96% over the past week, outperforming the Zacks Building Products - Heavy Construction industry, which rose by 1.12% [5] - Over the last month, TPC's price change is 24.47%, significantly higher than the industry's 1.88% [5] - In the last quarter, TPC shares have surged by 54.1%, and over the past year, they have gained 158.54%, while the S&P 500 has only moved 10.77% and 17.6% respectively [6] Trading Volume - The average 20-day trading volume for TPC is 769,670 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for TPC has increased, while none have decreased, leading to a consensus estimate rise from $1.84 to $3.78 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong price performance, positive earnings outlook, and favorable momentum indicators, TPC is positioned as a strong buy candidate for investors seeking short-term opportunities [11]