TE Connectivity (TEL) Is Up 0.52% in One Week: What You Should Know

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: TE Connectivity (TEL) - TE Connectivity currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [2][3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [3] Price Performance - TEL shares have increased by 0.52% over the past week, while the Zacks Electronics - Miscellaneous Components industry remained flat [5] - Over the past month, TEL's price change is 4.51%, outperforming the industry's 3.72% [5] - In the last quarter, TEL shares rose by 27.68%, and over the past year, they gained 43.83%, compared to the S&P 500's increases of 10.17% and 18.61%, respectively [6] Trading Volume - TEL's average 20-day trading volume is 1,471,580 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 7 earnings estimates for TEL have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $8.27 to $8.60 [9] - For the next fiscal year, 7 estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive price trends and earnings outlook, TEL is classified as a 2 (Buy) stock with a Momentum Score of B, making it a recommended pick for near-term investment [11]